The following are some of the most frequently asked questions about trading options with Robinhood.

Market orders for options contracts will typically fill 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.

Placing limit orders will give your order a better chance of being executed at the price you want. This way, you’ll know how much you’ll pay to buy a contract.

Keep in mind, limit orders aren't guaranteed to execute.

Your options order is most likely receiving a partial fill because it has low liquidity in the market. Low liquidity means not many people are trading the contract when you placed the order. Partial executions occur when not enough matching orders can fill an entire order at the specified price or better.

Not all stocks can have options because of certain regulatory standards. For example, stocks with low prices, trading volumes, or market caps may not have options.

If you place an average of more than 390 listed options orders per trading day during a calendar month, applicable exchange rules require your orders to be designated as “Professional” for the following calendar month. This average is calculated across all of your self-directed accounts.

Robinhood will continue to support your account if you are designated based on the rules. While designated, your options orders do not receive the execution priority given to orders that are not designated “Professional.” Your orders may also be subject to different routing methodologies.

If your average daily options orders are 390 or less in subsequent calendar months, the “Professional” designation will be removed and all related impact no longer applies.