US Options Trading Information

US Options Trading Information

1. Order Types

There are four order types available for Options you will only be able to place a buy limit order. You can close a position with a market or limit order:

i. Limit orders

ii. Market orders

iii. Stop orders

iv. Stop Limit orders

There are two group order types:

i. Limit + Take Profit/Stop Loss order

ii. Market + Take Profit/Stop Loss order

Note:

To mitigate client exposure to market order slippage risk you are not able to place a market buy, or market buy group order on options.

2. Order Duration

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

An unfilled DAY order will be cancelled at the end of the trading day.

An unfilled "GTC" order will be cancelled after 90 days.

3. Trading Hours for Options

9:30 am-4:00 pm ET every trading day until the Option is set to expire.

There are no extended hours trading for Options however you can place a limit order roughly one hour before market open.

Before expiration: on US trading days, you can trade Options during regular market hours.

On the day of expiration: 2 hours before the market closes, you cannot open a new position (buy to open) and the system will cancel any unmatched open orders. You will be able to manually close existing positions before the market closes.

US trading hours in UK time can be found here (link: https://www.webull-uk.com/help/faq/1419-What-are-the-trading-hours-of-the-US-market)

Options are complex, high risk products and are not appropriate for all investors. You may lose all of your invested capital.

For more information, please refer to：Characteristics and Risks of Standarized Options