Order types in extended hours
Summary of User’s Concern and Solutions:
- The user, MLG, is facing an issue where they can only see Limit order types when attempting to buy or sell stocks during extended-hours trading.
- Fidelity explains that only Limit orders are allowed during extended-hours trading due to the increased risks and price volatility associated with these sessions.
- Orders placed in extended hours must be good for that session and will be canceled if not executed before market opening.
- Fidelity provides specific timeframes for extended-hours trading: pre-market orders from 7:00 a.m. to 9:28 a.m. ET and after-hours orders from 4:00 p.m. to 8:00 p.m. ET.
- A link is provided for further information on extended-hours trading.
Here’s the full thread
When I try to buy a stock in extended-hours, I can only see the Limit order type. Same thing if I try to sell. Why can’t I see the rest of the order types (including Market) during extended hours? Thanks.
Hi, @MLG.
During extended-hours trading (EHT) you can only place limit orders that are good for the session in which they are placed during pre-market and after-hours trading. If you place an order that doesn’t execute during the session, your order will be canceled prior to the market opening. This is because there are unique risks, such as price volatility, that tend to be much higher compared to normal market hours.
During extended trading hours, Fidelity will accept premarket orders from 7:00 a.m. to 9:28 a.m. ET, and you can place after-hours orders from 4:00 p.m. to 8:00 p.m. ET.
I’ve included a link below if you’d like to learn more.
Extended-hours trading: https://www.fidelity.com/viewpoints/active-investor/extended-hours-trading
If there is anything we can clarify or if additional questions pop up, please don’t hesitate to ask! We’re always happy to help. 🟢