What Types of Transactions Are Available for Options Trading on Pluang?

Pluang supports two categories of Options transactions: buying and selling call and put option contracts, and choosing how each trade executes through Pluang's order types. For execution, Options traders can place a Market Order, Limit Order, Stop Order, or Stop-Limit Order — the latter three grouped under Pluang's Advanced Order feature in PRO Mode. On top of any open Options order, you can attach Take Profit and Stop Loss so the position closes automatically once your target profit price or maximum acceptable loss price is reached, without needing to watch the market yourself. One restriction applies across all Options order types: Market Order can only be used while the underlying US exchange is open, since it fills immediately at the best available live price and needs an active market to do so. Limit, Stop, and Stop-Limit orders can still be submitted outside trading hours — they simply queue and execute once the market reopens and your trigger conditions are met.

Order types available for Options transactions:

• Market Order — fills immediately at the best available price; can only be placed while the US exchange is open.
• Limit Order — fills only at your specified price or better; can be placed anytime and waits in the order book until matched.
• Stop Order — becomes a Market Order once the market reaches your trigger price; useful for entering or exiting a position after a specific price level is hit.
• Stop-Limit Order — becomes a Limit Order once your trigger price is reached, combining a stop trigger with a limit ceiling or floor so you control the worst price you'll accept.
• Take Profit / Stop Loss — modifiers you attach to an existing Options order so it auto-closes at a target profit price or a maximum-loss price, without manual monitoring.

Limit Order, Stop Order, Stop-Limit Order, and the Take Profit/Stop Loss modifiers are grouped under Pluang's Advanced Order feature, available in PRO Mode. Options access itself requires completing Global & Yield Asset Verification, the KYC tier that also unlocks US Stocks & ETFs.

Related questions:

Q: Can I sell (write) options, or only buy them, on Pluang?
You can both buy and sell call and put option contracts on Pluang — Options transactions aren't limited to buying. Selling (writing) a call or put opens a short options position, which carries different risk than buying: your potential loss as a seller can be larger than the premium you received, unlike buying, where risk is capped at the premium paid. Whichever side you take, the same order types — Market, Limit, Stop, and Stop-Limit — apply to both buy and sell transactions.

Q: What's the difference between a Limit Order and a Stop Order for Options?
A Limit Order fills at your specified price or better and can sit in the order book indefinitely until matched, giving you price control but no guarantee of execution. A Stop Order does nothing until the market reaches your trigger price, at which point it converts into a Market Order and fills at the next available price — giving you execution certainty but not price control. Use a Limit Order when price matters most; use a Stop Order when triggering an exit or entry matters most.

Q: Can I place an Options order when the US market is closed?
Yes, but only for Limit, Stop, and Stop-Limit orders — Market Order is unavailable outside US exchange trading hours because it needs an active market to fill immediately at the best price. Limit, Stop, and Stop-Limit orders can still be submitted while the market is closed; they simply queue and execute once trading resumes and your specified price or trigger condition is met. This lets you plan Options trades in advance rather than only during live market hours.

Q: Do I need Advanced Order access to use Take Profit and Stop Loss on Options?
Yes — Take Profit and Stop Loss are modifiers within Pluang's Advanced Order feature, available in PRO Mode alongside Limit, Stop, and Stop-Limit orders. Once enabled, you can attach a Take Profit price, a Stop Loss price, or both to an open Options order, and Pluang closes the position automatically when either level is reached. This removes the need to monitor an open Options position manually, though you should still confirm your trigger prices before submitting the order.