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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All investing involves risk and a loss of principal is possible.

Robinhood U.K. Ltd (Robinhood UK) is authorised and regulated by the Financial Conduct Authority (FRN: 823590). Robinhood UK onboards UK customers and has the lead customer relationship with UK customers in relation to their use of the Robinhood UK app and website. Robinhood UK introduces UK customers to Robinhood Securities, LLC for order routing, execution, clearing, settlement, arranging custody services and margin lending to eligible UK customers with margin accounts. Robinhood Securities, LLC is regulated in the U.S. by the SEC and FINRA. Robinhood UK and Robinhood Securities, LLC are subsidiaries of Robinhood Markets, Inc.

Robinhood U.K. Ltd is a private limited company registered in England and Wales (09908051).

Robinhood does not provide investment advice. Individual investors should make their own decisions.

Commission-free trading of stocks refers to $0 commissions for Robinhood self-directed individual brokerage accounts that trade U.S. listed securities and ADRs. Keep in mind, other costs such as regulatory fees may apply to your brokerage account. Please see Robinhood UK’s Fee Schedule to learn more.

UK Privacy policy

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