What is a stop limit order for options?
Last updated: 12 August 2026
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Stop Limit orders are conditional orders that trigger a buy or sell limit order on a security after certain price criteria are met.
Options trading on etoro currently supports just sell stop limit orders, but we will outline both the buy and sell side below.
The sell stop limit order is an order to sell once the price of the security meets (or drops to) your specified price, or the “stop price”. When your stop price is triggered, it will become a limit order to sell at your specified price or higher.
The buy stop limit order is an order to buy once the price of the security rises to meet your specified price, or the “stop price”. When your stop price is triggered, it will become a limit order to buy at your specified price or lower.
Important to consider
The stop limit order is designed to provide you with price protection, but may not result in an execution if the security cannot be bought or sold at your limit price. It is common for the price of a security to trade through (move so quickly the limit cannot be met) your limit price and the position will not be bought or sold according to your instructions. It’s important to consider these risk factors prior to placing a stop limit order.
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