Market order for options | Robinhood

Market order for options

A market order enables you to buy an option immediately at the next, best available price. Market orders indicate a preference for quick execution relative to price specificity.

Price isn’t guaranteed

While market orders provide fast trade executions, there’s no guarantee that your market order will be executed at a specific price.

The market price shown in the app is from the National Best Bid and Offer (NBBO), which is a consolidated view of the highest bid and the lowest ask price from all exchanges. Keep in mind, the market price might not be the best available price when the order is executed. If you want to buy at a specific price, place a limit order for options instead.

Only during market hours

Due to increased volatility at market open, you can only place a market order for options during regular market hours starting 15 minutes after market open (9:45 AM–4 PM ET). Orders for late close options will extend to 4:15 PM ET.

You can’t place market orders for options during extended-hours trading or overnight hours.

Only single leg orders

You can only place market orders for options on single leg orders. Market orders aren’t available for options rolling or for other multi-leg options strategies, such as vertical spreads.

Account types

You can place market orders for options within your Robinhood retirement or individual investing account with margin or cash. Check out Placing an options trade for how-to steps.

Buying power buffer

To try to protect your account from overspending, we’ll apply an additional buffer to your order in some cases.

Blocked orders

A market order for options may get blocked for a few reasons, like if it’s outside market hours, the price is unavailable, the order is over the contract limits, open interest is low on the contract, or if trading was halted for the stock you’re trying to buy or sell.

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Crypto markets are highly volatile, and trading or holding crypto can lead to loss of your assets. Crypto is not legal tender, and is not backed by any government or covered by any government compensation scheme.

Cryptocurrency services are offered for eligible EU customers through an account with Robinhood Europe, UAB (company number 306377915), with its registered address at Mėsinių 5, LT-01133 Vilnius, Lithuania (“RHEC”). RHEC is registered according to the regulatory requirements of the Republic of Lithuania as a virtual currency exchange and virtual currency depository wallet operator. RHEC is supervised by the Lithuanian Financial Crime Investigation Service under the Ministry of the Interior of the Republic of Lithuania. RHEC is registered under the applicable Polish law as a virtual assets service provider (VASP) in the Register of Virtual Currency Activities maintained by the Director of the Tax Administration Chamber.

Robinhood, 85 Willow Road, Menlo Park, CA 94025.© 2024 Robinhood. All rights reserved.
Follow us on

Crypto markets are highly volatile, and trading or holding crypto can lead to loss of your assets. Crypto is not legal tender, and is not backed by any government or covered by any government compensation scheme.

Cryptocurrency services are offered for eligible EU customers through an account with Robinhood Europe, UAB (company number 306377915), with its registered address at Mėsinių 5, LT-01133 Vilnius, Lithuania (“RHEC”). RHEC is registered according to the regulatory requirements of the Republic of Lithuania as a virtual currency exchange and virtual currency depository wallet operator. RHEC is supervised by the Lithuanian Financial Crime Investigation Service under the Ministry of the Interior of the Republic of Lithuania. RHEC is registered under the applicable Polish law as a virtual assets service provider (VASP) in the Register of Virtual Currency Activities maintained by the Director of the Tax Administration Chamber.

Robinhood, 85 Willow Road, Menlo Park, CA 94025.© 2024 Robinhood. All rights reserved.