Today, we’re adding stop limit orders for options to Robinhood, a frequently requested feature among options investors.
Stop limit orders add a trigger to your trade, giving you more specificity over your order execution. When the options contract hits the stop price that you set, it triggers a limit order. Then, the limit order will be executed if options contracts are available at your specific limit price or better. Investors may use stop limit orders to help limit loss or protect a profit. Keep in mind that options trading is not suitable for all investors.
As always, you don’t pay commission or per contract fees when you trade options on Robinhood (currently, some platforms still charge up to $0.65 per contract fees).
To place a stop limit order, tap the gear icon in the upper right corner on the options order screen (select “⋯” on Web), and add a “Stop Price.” Learn more about stop limit orders and other order types.
We’re excited to roll out stop limit orders for options in the coming weeks.
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