In this episode of Options Bootcamp, hosts Mark Longo and Dan Passarelli explore a variety of order types and their strategic uses within options trading. They discuss basic duration orders like 'Good Till Cancel,' immediate orders such as 'Immediate or Cancel' (IOC) and 'Fill or Kill' (FOK), and more complex conditional orders including 'One Cancels the Other' (OCO) and 'Trailing Stop Orders.' The episode also features a vibrant discussion on the potential advantages and risks associated with each order type. Additionally, they delve into the seldom-used but intricate 'Market on Close' (MOC) and 'Limit on Close' (LOC) orders, offering insights into specific use cases. The episode concludes with responses to listener questions and polls revealing current market sentiments and trading behaviors. 01:03 Welcome to Options Bootcamp 01:35 Market Overview and Listener Tips 04:03 Options Drills: Advanced Order Types 06:33 Duration Orders: GTC and Day Orders 10:58 Immediate Orders: IOC and Fill or Kill 15:15 Conditional Orders: One Cancels the Other (OCO) 20:05 Exploring Similar Product Trades 21:28 Understanding Trailing Stop Orders 24:16 Market on Close (MOC) Orders Explained 31:00 Listener Mailbag and Poll Results 38:58 Final Thoughts and Upcoming Content