There are several types of orders you can place when trading options:

1. **Market Order**: This is an order to buy or sell an option at the best available price in the current market. It’s typically executed quickly but the price at which a market order will be executed is not guaranteed.

2. **Limit Order**: This is an order to buy or sell an option at a specific price or better. It offers control over the price at which the trade is executed, but there’s no guarantee the order will be filled.

3. **Stop Order (Stop Loss)**: This is an order to buy or sell an option once the price of the option reaches a specified price, known as the stop price. Stop orders are used to limit losses or to protect profits on a position.

4. **Stop Limit Order**: This is an order to buy or sell an option at a specified price or better, but only after a specified price level has been reached. It’s a combination of a stop order and a limit order.

– Reference: [Investopedia: Types of Orders](https://www.investopedia.com/term-of-the-day-what-are-different-types-of-orders-4689765)