Basics

Good-Til-Canceled (GTC)

By Ryan Silk & Lawrence Polatchek · Reviewed April 2026 · Options Trading Glossary

Order active until filled or canceled

What is Good-Til-Canceled (GTC)?

Good-Til-Canceled (GTC) An order that remains active until it is filled, canceled by the trader, or expires (typically 60-90 days depending on broker). Useful for setting target entry prices on options you want to buy at a specific premium level.

Complete Definition

An order that remains active until it is filled, canceled by the trader, or expires (typically 60-90 days depending on broker). Useful for setting target entry prices on options you want to buy at a specific premium level.

Related Terms

Limit Order Fill Or Kill All Or None

Written by

ApexVol Research Team

Quantitative options research

All calculations use live ORATS institutional data — the same source used by professional volatility desks.

Technical reviewer

Ryan Silk, ApexVol Founder

Reviewed for technical accuracy

10+ years trading options. Built ApexVol's pricing engine, Greeks model, and IV-rank methodology.

This guide is updated as market conditions and ORATS data change. Last revised 2026-05-12. How we research →

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