We investigate the existence and phenomenology of stable photon orbits (SPOs) in stationary axisymmetric electrovacuum spacetimes in four dimensions. First, we review the classification of equatorial circular photon orbits on Kerr-Newman spacetimes in the charge-spin plane. Second, using a Hamiltonian formulation, we show that Reissner-Nordstr\"om di-holes (a family encompassing the Majumdar-Papapetrou and Weyl-Bach special cases) admit SPOs, in a certain parameter regime that we investigate. Third, we explore the transition from order to chaos for typical SPOs bounded within a toroidal region around a di-hole, via a selection of Poincar\'e sections. Finally, for general axisymmetric stationary spacetimes, we show that the Einstein-Maxwell field equations allow for the existence of SPOs in electrovacuum; but not in pure vacuum.
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