Public offers both market and limit orders for Options trading.

Limit orders

A limit order will only be executed if Option contracts are available at or better than your set limit price. For buys, a limit order will only execute at your limit price or lower; whereas for sells, at your limit price or higher. Orders will be executed if the limit price is reached within the next 90 days, as long the contract has not expired and/or you have not canceled the limit order.

It’s important to remember that limit orders aren’t guaranteed so there is a chance that they never execute and/or may take a long time to fill.

Market orders

A market order will execute at the market’s current best available price.

In certain instances of low liquidity or high volatility, Public will limit Options trading to limit orders only to ensure fair-priced execution for our members.

Please refer to our FAQ on multi-leg orders to learn more about how limit and market multi-leg orders work.

For further questions please contact Member Support via in-app chat or email at support@public.com.

Options carry significant risk and are not suitable for all investors. Options investors can rapidly lose the value of their investment in a short period of time and incur permanent loss by expiration date. Certain complex options strategies carry additional risk. There are additional costs associated with option strategies that call for multiple purchases and sales of options. Supporting documentation for any claims will be furnished upon request. Prior to buying or selling an option, investors must read and understand the “Characteristics and Risks of Standardized Options,” which can be found at: public.com/ODD. See full terms of the Options Order Flow Rebate Program at public.com/disclosures/rebate-terms. Rebate rates are subject to change for new and existing enrollees.