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Three Things You Need to Know about Options Trading and Order Types on Webull.

1) The Order Type (How many options order types are there? )

Opening a position: Limit order, Stop Limit order

Closing a position: Market order, Limit order, Stop Order, Stop Limit order

Currently, we do not support bracket orders or trailing stop orders for options. 

2) Time-in-Force (Can I place a GTC order for options? )

You can only place an order with DAY enabled under “Time-in-Force”.

Currently, GTC orders are unavailable for options trading.

3) Trading Hours for Options (Can I trade options during extended hours?)

  • We currently do not allow options trading during extended hours.
  • During the trading days before the expiration date, clients can trade options during regular market hours (9:30 to 16:00 ET). Please note: Certain options trade until 4:15 PM EDT.
  • On the day of expiration
    You can trade options before 14:00 EDT. No new positions can be opened after 14:00 EDT, but you can still close your positions before 16:00 EDT.

Option trading entails significant risk and is not appropriate for all investors. Option investors can rapidly lose the entire value of their investment in a short period of time and incur permanent loss by expiration date. You need to complete an options trading application and get approval on eligible accounts. Please read the Characteristics and Risks of Standardized Options and Option Spread Risk Disclosure before trading options.

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