Basics

Stop-Limit Order

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

Stop trigger with limit price protection

What is Stop-Limit Order?

Stop-Limit Order An order combining a stop price (trigger) with a limit price (maximum/minimum execution price). Once the stop is triggered, the order becomes a limit order rather than a market order, providing price protection but with the risk of not being filled if the market moves past your limit.

Complete Definition

An order combining a stop price (trigger) with a limit price (maximum/minimum execution price). Once the stop is triggered, the order becomes a limit order rather than a market order, providing price protection but with the risk of not being filled if the market moves past your limit.

Related Terms

Stop Order Limit Order Limit Price

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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