When you enter a market order, your trade will take place (execute) at the prevailing market price (i.e., the best available price at the time of entry). Market orders are used when execution speed is a priority over the price of execution.
Buying Power cushion for market orders
For example, if an option is trading at $100 per contract, you would need $130 in available Buying Power to place a market order.
In the eToro Options App, Market orders are the default option. To change any order from a Market order to a Limit order, simply click the arrow next to “Market” and switch to ”Limit.” A pop-up window will appear, allowing you to select a limit price.