Alpaca Adds Good ‘Til Cancelled (GTC) Orders for Options via Trading API

Alpaca's Trading API now supports Good 'Til Cancelled (GTC) orders for options, allowing traders and developers to keep their trades active until they are filled or explicitly canceled, rather than having to rebuild positions daily. This feature is particularly beneficial for active and algorithmic options traders, as it accommodates sudden changes in market liquidity and volatility, and helps maintain predefined risk rules even if trading systems restart. GTC orders enhance automation in options trading by reducing the need for daily manual order entries and aligning strategy design with execution. However, they require careful management through regular reviews, volatility-aware pricing, and clear cancellation rules to prevent orders from being filled under unintended conditions. Alpaca emphasizes the high risks associated with options trading and advises investors to thoroughly consider their objectives and risks before engaging in such trades.