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Those who write uncovered calls face unlimited risks when prices start to rise.</span></p>\n"},"name":"What are the risks of options trading?"},{"@type":"Question","acceptedAnswer":{"@type":"Answer","text":"<p><span style="font-weight: 400;">Benzinga recommends Interactive Brokers, Webull and Moomoo for best options brokers for beginners. </span></p>\n"},"name":"What are the best options brokers for beginners?"},{"@type":"Question","acceptedAnswer":{"@type":"Answer","text":"<p>It is possible to make money trading options. You can make money if you buy or sell options. 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class="header-container mx-auto container max-w-7xl px-4 flex-col md:flex-row items-cetner"><div class="sc-fqpVkM kGrflJ breadcrumb-items-container"><div class="sc-cbDaos gXOpzD breadcrumbs-container money-app" role="navigation"><div class="sc-iVheDh MhXxJ breadcrumb"><a aria-label="Navigate to Investing" href="/money/investing">Investing</a></div><span class="breadcrumb-separator">/</span><div class="sc-iVheDh MhXxJ breadcrumb"><span>How to Trade Options for Beginners</span></div></div></div></div><div class="header-container mx-auto container max-w-7xl px-4 flex-col items-start md:flex-row md:items-cetner"><div class="page-header-info"><h1>How to Trade Options for Beginners</h1><p class="affiliate-disclosure"></p><a class="learn-more-link" href="https://www.benzinga.com/money/advertiser-disclosure/">Read our Advertiser Disclosure.</a></div><div class="contributor-block-container"><div class="contributor-block"><div class="author"><a href="https://www.benzinga.com/money/author/luke">Luke Jacobi</a></div><div class="author-description">Contributor, Benzinga</div><div class="date">November 13, 2024</div></div></div></div><div class="header-container mx-auto container max-w-7xl px-4 flex-col items-start md:flex-row md:items-cetner"></div></div><div class="sc-gexFsq fHwrkk"><div class="sc-hiTDLB jzsSFa"><div class="sc-ejCKsa cApKXp layout-content-container lg:px-0 mx-auto px-4 layout-container max-w-7xl"><div class="main-content-container layout-container mx-auto"><div class="layout-flex flex flex-col w-full items-start relative"><div class="layout-main flex flex-grow flex-col justify-between"><main class="money-page-main"><div class="money-blocks-layout-wrapper"><div class="sc-iCWdMM gKLnSm money-blocks-wrapper"><p class="block core-block">Looking for the <strong><em>best options trading courses</em></strong>? Try <a rel="noreferrer noopener" href="https://www.benzinga.com/go/benzinga-options-2" target="_blank">Benzinga’s Proprietary Options Trading Service</a> and get SMS & Email alerts.</p></div></div><div class="sc-kkeDnB fMVMkI money-post-wrapper"><div class="sc-iCWdMM gKLnSm money-blocks-wrapper"><p class="block core-block">An option contract gives the holder the right, but not the obligation, to buy with a "call option" or sell with a "put option" an underlying asset at a given price (called the "strike price") up to or on a certain date (called the "expiry date").</p><p class="block core-block">If you already trade a particular asset and would like to branch out into other ways of viewing the market, then options trading may be for you.</p><div class="lazyload-wrapper "><div class="min-h-[300px] md:min-h-[186px] my-4"><div class="w-full min-h-[inherit]"><div class="w-full h-full min-h-[inherit] flex items-center justify-center mx-auto rounded-md border border-gray-300 p-4 shadow"><div class="flex flex-col md:flex-row animate-pulse w-full gap-4"><div class="icon-wrapper flex items-center justify-center mx-6"><svg aria-hidden="true" class="w-16 h-16 text-gray-400" fill="currentColor" viewBox="0 0 640 512" xmlns="http://www.w3.org/2000/svg"><path d="M480 80C480 35.82 515.8 0 560 0C604.2 0 640 35.82 640 80C640 124.2 604.2 160 560 160C515.8 160 480 124.2 480 80zM0 456.1C0 445.6 2.964 435.3 8.551 426.4L225.3 81.01C231.9 70.42 243.5 64 256 64C268.5 64 280.1 70.42 286.8 81.01L412.7 281.7L460.9 202.7C464.1 196.1 472.2 192 480 192C487.8 192 495 196.1 499.1 202.7L631.1 419.1C636.9 428.6 640 439.7 640 450.9C640 484.6 612.6 512 578.9 512H55.91C25.03 512 .0006 486.1 .0006 456.1L0 456.1z"></path></svg></div><div class="paragraphs-wrapper w-full"><div class="flex-1 space-y-6 py-1"><div class="h-3 rounded bg-gray-300"></div><div class="space-y-3"><div class="grid grid-cols-3 gap-4"><div class="col-span-2 h-2 rounded bg-gray-300"></div><div class="col-span-1 h-2 rounded bg-gray-300"></div></div><div class="h-2 rounded bg-gray-300"></div><div class="h-2 rounded bg-gray-300"></div><div class="h-2 rounded bg-gray-300"></div></div></div></div></div></div></div></div></div><div class="sc-hTKOPA cHXMZa bz3_border_box_container table"><div class="bz3_border_box_wrapper p-4 w-auto bg-white"><div class="bz3_table_content_title"><div class="font-semibold text-gray-900 text-left flex items-center justify-between"><div class="flex items-center justify-between gap-3"><div class="fa-list"><svg aria-hidden="true" class="leading-none" stroke="currentColor" stroke-width="1" style="height:1em;width:1em" viewBox="0 0 512 512" xmlns="http://www.w3.org/2000/svg"><path d="M64 64a32 32 0 1 0 0 64 32 32 0 1 0 0-64zm120 8c-13.3 0-24 10.7-24 24s10.7 24 24 24H488c13.3 0 24-10.7 24-24s-10.7-24-24-24H184zm0 160c-13.3 0-24 10.7-24 24s10.7 24 24 24H488c13.3 0 24-10.7 24-24s-10.7-24-24-24H184zm0 160c-13.3 0-24 10.7-24 24s10.7 24 24 24H488c13.3 0 24-10.7 24-24s-10.7-24-24-24H184zM96 256a32 32 0 1 0 -64 0 32 32 0 1 0 64 0zM64 384a32 32 0 1 0 0 64 32 32 0 1 0 0-64z" fill="currentColor"></path></svg></div>Table of Contents</div></div></div><div class="bz3_table_content_list"><ul class="bz3_table_content_ul list-disc text-blue-200 ml-4 mt-2"><li><a href="#what-is-options-trading" title="What is Options Trading?">What is Options Trading?</a></li><li><a href="#how-do-options-work" title="How Do Options Work?">How Do Options Work?</a></li><li><a href="#7-steps-to-trade-options" title="7 Steps to Trade Options">7 Steps to Trade Options</a></li><li class="see-all">See All 13 Items</li></ul></div></div></div><h2 class="block core-block" id="what-is-options-trading">What is Options Trading?</h2><p class="block core-block">If you're trying to figure out if <a href="https://www.benzinga.com/money/how-to-trade-options/">trading options</a> is right for you, you should first understand what options are. An options explanation can turn into something complicated very quickly, so let's simplify. As with most investing products, an option is a contract. It is exactly how it sounds. This specific type of contract gives you the right to buy or sell an asset at a specific price by a specific date. It's essentially a contract that gives you the option to follow through.</p><h2 class="block core-block" id="how-do-options-work">How Do Options Work?</h2><p class="block core-block">Again, as with most investment products, you're going to want to determine the probability of the future prices of certain assets. You can assume that the more likely it is that something will happen, the more expensive a related option would be.</p><p class="block core-block">The basic steps of trading an option are:</p><ul class="block core-block"><li>Identify the asset you want to buy or sell.</li><li>Enter a contract to determine a premium, cost and expiration date.</li><li>If you're the buyer, you pay the premium cost.</li><li>Monitor the asset and decide whether you want to follow through on the contract to buy or sell.</li></ul><p class="block core-block">Here are some key factors to understand about options:</p><ul class="block core-block"><li>Options are typically sold in increments of 100. So you should be sure to multiply the premium of your contract by 100 to get the total cost of your option.</li><li>The more time you have in your contract, the more valuable your option could be. This is because the more time there is, the more chance there is for the price to change.</li><li>If you're the buyer of an option, you are not obligated to go through with buying. However, you will not get the premium back if you choose not to follow through. The only risk to entering the options contract is losing the amount you spent on the premium. So be sure you're comfortable with losing the cost of your premium if it comes to that.</li><li>On the other hand, sellers may be required to make good on the options contract to sell. Sellers have greater risk and can lose much more than the cost of the options contract premium.</li></ul><h2 class="block core-block" id="7-steps-to-trade-options">7 Steps to Trade Options</h2><p class="block core-block">If you want to get familiar with options trading and<a href="https://www.benzinga.com/money"> make money from this opportunity,</a> you will have to follow these seven steps.</p><h3 class="block core-block" id="step1-educate-yourself-about-options">Step 1: Educate Yourself About Options</h3><p class="block core-block">Before starting to trade options, you'll want to learn about the various <a href="https://www.benzinga.com/money/options-trading-strategies">options strategies you can use</a> and their risk profiles so that you understand how options can help you encapsulate a market view. You can take an <a href="https://www.benzinga.com/money/best-options-trading-books">options trading course or read books</a> on the subject to do this. You will also want to review the specifics and operational mechanics of any <a href="https://www.benzinga.com/money/options-contract">options contracts you plan on trading</a> since missing an expiration date, not knowing the amount of risk you are taking or transacting the wrong type or style of option can be a costly mistake.</p><h3 class="block core-block" id="step2-connect-to-the-internet">Step 2: Connect to the Internet</h3><p class="block core-block">Since you will generally want to trade options online via a trading platform, having a relatively modern computer or mobile device connected to the internet is virtually a necessity.</p><h3 class="block core-block" id="step3-select-a-good-online-options-broker">Step 3: Select a Good Online Options Broker</h3><p class="block core-block"><a href="https://www.benzinga.com/money/best-brokers-for-options-traders">Many online brokers will allow you to trade options</a>. Select a well-regulated broker that offers options on the asset classes you most want to trade along with a good options trading platform and tight dealing spreads. 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class="attribute-container flex items-center gap-1 flex-col items-end"><div class="sc-jURttq ivVRbd section-title"><span>Best For:</span></div><div class="attribute-value medium">Active and Global Traders</div></div></div><div class="flex items-end flex-col product-cta-wrap"><div class="section-title"><span>VIEW PROS & CONS:</span></div><div class="product-toggle-wrap"><div class="toggle-product-block flex items-center"><div class="icon-wrapper"><div style="color:#99AECC"><svg aria-hidden="true" class="leading-none" stroke="currentColor" stroke-width="1" style="height:1em;width:1em" viewBox="0 0 512 512" xmlns="http://www.w3.org/2000/svg"><path d="M233.4 406.6c12.5 12.5 32.8 12.5 45.3 0l192-192c12.5-12.5 12.5-32.8 0-45.3s-32.8-12.5-45.3 0L256 338.7 86.6 169.4c-12.5-12.5-32.8-12.5-45.3 0s-12.5 32.8 0 45.3l192 192z" fill="currentColor"></path></svg></div></div></div></div></div><div class="securely-mobile"><span class="securely">Securely through Interactive Brokers’ 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requirements and account types to see what will suit you best. Also, familiarize yourself with the broker's margin requirements for various types of options strategies so that you can have enough funds deposited in your trading account to cover the options you want to trade.</p><h3 class="block core-block" id="step5-practice-trading-options">Step 5: Practice Trading Options</h3><p class="block core-block">Rather than jumping right into trading options with real money, it makes sense to first practice trading options in a demo account. This helps you understand the mechanics of options trading and gives you a risk-free chance to learn how to use your broker's trading platform.</p><h3 class="block core-block" id="step6-develop-a-plan">Step 6: Develop a Plan</h3><p class="block core-block">It's time to develop and test one or more <a href="https://www.benzinga.com/money/most-successful-options-strategies" target="_blank" rel="noopener" data-lasso-id="51701">options trading strategies that have a decent chance of success</a> given the risk you will be taking. You can then incorporate them into an overall trading plan that lays out how you intend to operate your options trading business and manage your risk capital.</p><h3 class="block core-block" id="step7-fund-your-account-and-go-live">Step 7: Fund Your Account and Go Live</h3><p class="block core-block">Once you have prepared yourself for trading options by following these steps, you're ready to <a href="https://www.benzinga.com/money/options">start trading options</a> in a live account once you identify a suitable opportunity in the market. Always make sure you have placed enough funds on deposit with your broker as a margin to support your options trading strategies and trade only with money you can afford to lose.</p><h2 class="block core-block" id="why-should-you-trade-options">Why Should You Trade Options?</h2><p class="block core-block">Trading options can enhance your investment portfolio. Unlike traditional stock trading, options offer unique opportunities. They allow investors to take advantage of market movements without fully investing in the underlying asset. This guide will cover the benefits of options trading. These include potential for higher returns, risk management, and income generation through premium collection. By understanding options, traders can maximize profits while managing risk. Whether you are an experienced investor or new to the financial markets, trading options can be a smart choice.</p><h3 class="block core-block" id="leverage">Leverage</h3><p class="block core-block">Options trading provides significant leverage. This allows investors to control large positions with a smaller investment. For instance, if you expect Apple Inc. (NASDAQ: AAPL) shares to rise from $118, you can buy a December $120 <a href="https://www.benzinga.com/money/what-are-stock-options">call option</a>. This option gives you the right to buy 100 shares. At a cost of $7 per option, your total investment would be $700. This is much less than the $11,800 needed to buy 100 shares directly. Using options, you can increase your potential gains with less capital. However, it's important to consider that the risks are also greater due to the speculative nature of options trading.</p><h3 class="block core-block" id="customized-risk-profiles">Customized Risk Profiles</h3><p class="block core-block">Options trading allows you to adjust your risk profile based on market expectations. Buying a call option indicates a bullish outlook while limiting your risk to the premium paid. For instance, if you buy a call option for Apple and the stock rises to $140 by December expiration, you would make $1,300 after deducting the $7 premium. In contrast, if you had purchased 100 shares outright, your profit would be $2,200. However, if the stock falls to $110, your maximum loss on the option would be the $700 premium. In comparison, buying the stock would lead to an $800 loss. Strategies like a "straddle" involve buying both a put and a call option at the same strike price. This allows you to profit from significant price movements in either direction while limiting potential losses to the premiums paid.</p><h3 class="block core-block" id="additional-income">Additional Income</h3><p class="block core-block">The "covered write" strategy helps generate additional income. It involves selling call options against a stock position you already own. For example, if you own 100 shares of Apple at $118, you can sell a December $120 call option for $700. If Apple's stock price rises above $120 by expiration, the option will be exercised. You will deliver your shares and earn $200 from the stock's price increase, along with the $700 option premium. This results in a total gain of $900. If the stock price falls, the $700 premium offsets some of your losses. This lowers your breakeven price to $112 per share instead of $118, providing a cushion against declines in the market.</p><h2 class="block core-block" id="considerations-before-trading-options">Considerations Before Trading Options</h2><p class="block core-block">Before starting options trading, you should consider several key factors. Options trading offers unique profit opportunities, but it also carries risks that are different from stock trading. It's important to understand how options work, the related terminology, and possible market scenarios. Additionally, you should evaluate your risk tolerance, investment goals, and market knowledge. This guide will discuss the main considerations for traders before they begin options trading. Being well-prepared will help you make smart decisions that match your goals and financial situation.</p><h3 class="block core-block" id="options-expiration">Options Expiration</h3><p class="block core-block">Options contracts have a limited lifespan and expire on a specific date. Timing is crucial when trading options. You need to predict both the market direction and the option’s expiration date. If your options expire "in the money," they will often be exercised if you own them. If you sold the option, it may be assigned to you. This could mean acquiring or delivering the underlying asset. If you're not prepared to manage that position, it could require significant capital. Therefore, monitoring expiration dates is important. Be ready to adjust your strategy or exit the trade before expiration, especially if you cannot take on the underlying asset.</p><h3 class="block core-block" id="no-dividends-on-long-positions">No Dividends on Long Positions</h3><p class="block core-block">When you hold a long call option on a stock, you do not receive dividends. Dividends are paid only to actual stockholders on the record date for dividends. To receive the dividend, you must exercise your call option and own the stock before the ex-dividend date. The ex-dividend date is usually set several weeks before the dividend is paid. It is important to consider the timing. If you do not exercise your option before the ex-dividend date, you will miss the dividend. This can affect the overall return on your options strategy, especially for stocks with high dividend yields.</p><h3 class="block core-block" id="added-complexity">Added Complexity</h3><p class="block core-block">Options trading adds complexity beyond just buying or selling assets. It differs from simple stock transactions. Options involve various strategies. These include covered calls, straddles, and spreads. Each strategy has its own risk-reward profile and technical details. To trade options successfully, one must understand key concepts. These include time decay, implied volatility, strike prices, and expiration dates. Without proper education and experience, traders may face significant losses. Therefore, it is important for traders to learn the mechanics and strategies of options. This knowledge can help minimize potential risks.</p><h2 class="block core-block" id="types-of-options">Types of Options</h2><p class="block core-block">If you want to trade options, you'll need to understand the different types of options. Even though the options we talk about below seem like they're related to geography, understand that geography has nothing to do with it.</p><h3 class="block core-block" id="american-options">American Options</h3><p class="block core-block">American options provide significant flexibility, enabling exercise at any time from the purchase date up to the expiration date. As a result of this flexibility, American options usually have a higher premium. Traders prefer these options because they can respond to price changes throughout the duration of the contract.</p><h3 class="block core-block" id="european-options">European Options</h3><p class="block core-block">European options differ from American options in that they can only be exercised at one specific time, which is near or at the expiration date. Although these options have more limitations regarding timing, they typically have lower premiums than American options, making them a more budget-friendly option for certain traders.</p><h3 class="block core-block" id="exotic-options">Exotic Options</h3><p class="block core-block">Exotic options offer greater flexibility and customization. They can have complex structures with different expiration dates and payment models. These options are designed for more advanced traders who seek tailored strategies. Exotic options allow adjustments to the strike price and the creation of unique payoff structures. This versatility is not available with standard American or European options.</p><p class="block core-block">You'll also need to understand the <a href="https://www.benzinga.com/money/puts-vs-calls">difference between call and put options</a>:</p><ul class="block core-block"><li>A call option gives you the right to buy a stock.</li><li>A put option gives you the right to sell a stock.</li></ul><h2 class="block core-block" id="call-option-examplenbsp">Call Option Example </h2><p class="block core-block">This example will help demonstrate how call options work. Let's say there's a new business opening up in your town. It seems like it's going to be a profitable business with a lot of potential. You're considering offering to buy the business with the hopes of getting in at the start of something big. Of course, this is a risk on your part.</p><p class="block core-block">Even though the business shows a lot of potential, there's no way to know how things will turn out. This is where call options would benefit you. If you could buy a call option on the business, you could offer to purchase the business at $500,000 sometime in the next five years.</p><p class="block core-block">Now, the current owner of the business would want to know you're serious. So imagine that they would require a down payment of $50,000. If this were an options contract, that down payment would be referred to as the premium. The premium is the price of the option contract.</p><p class="block core-block">Now let's fast forward two years. The business is booming, and it is now worth closer to $1 million. You decide at this point that you want to go ahead and exercise your option to purchase the business for $500,000. You can do this even though it is less than the current value of the business because you locked in the price with your down payment.</p><div class="core-block-table-wrapper overflow-x-auto"> <figure class="wp-block-table"><table><tbody><tr><th></th><th><strong>Start of Contract</strong></th><th><strong>2 Years Later</strong></th></tr><tr><td><strong>Value of Business</strong></td><td>Undetermined</td><td>$950,000</td></tr><tr><td><strong>Your Price</strong></td><td>$50,000 down payment</td><td>$500,000</td></tr></tbody></table></figure> </div><h2 class="block core-block" id="put-option-examplenbsp">Put Option Example </h2><p class="block core-block">You might want to have an option to sell your asset at a set price if you fear that your asset's worth might plummet. This will allow you to protect yourself from losing a larger amount of money.</p><p class="block core-block">So how do put options work? Let's say that you fear that your <a target="_blank" href="https://www.benzinga.com/money/how-to-buy-apple-stock/" rel="noopener" data-lasso-id="51705">stock in Apple</a> is about to become much less valuable. So you decide to take out the option to sell it, just in case. It's currently trading at $3,000, so you decide to take out the option to sell it at $2,700 at any time in the next three years.</p><p class="block core-block">You'll have to pay the premium. Let's say that's $300 in this case. So if you decide not to sell, you'll lose this $300 but you've probably gained much more by keeping your stock. If you're right and the stock plummets, you can sell it for the $2,700 you locked in, even if it's only selling at $2,200 when you sell it.</p><div class="core-block-table-wrapper overflow-x-auto"> <figure class="wp-block-table"><table><tbody><tr><th></th><th><strong>Start of Contract</strong></th><th><strong>2 Years Later</strong></th></tr><tr><td><strong>Stock Price</strong></td><td>$3,000</td><td>$2,200</td></tr><tr><td><strong>Your Price</strong></td><td>$300 down payment</td><td>$2,700</td></tr></tbody></table></figure> </div><h2 class="block core-block" id="options-tables">Options Tables</h2><p class="block core-block">Though an options table might look intimidating, the truth is that they're relatively easy to read once you know what each abbreviation means. Here are a few of the most common sections you'll see on an options table:</p><h3 class="block core-block" id="symbol">Symbol</h3><p class="block core-block">The ticker symbol for the underlying asset the option represents.</p><h3 class="block core-block" id="last">Last</h3><p class="block core-block">The most recent posted trade price for each share of stock.</p><h3 class="block core-block" id="change">Change</h3><p class="block core-block">Shows how much the last trade varied from the previous day's closing price.</p><h3 class="block core-block" id="bid">Bid</h3><p class="block core-block">The latest price at which you can sell an option.</p><h3 class="block core-block" id="ask">Ask</h3><p class="block core-block">The latest price at which you can buy an option.</p><h3 class="block core-block" id="volume">Volume</h3><p class="block core-block">Tells you how many contracts of an option were traded during the current session.</p><h3 class="block core-block" id="open-interest">Open Interest</h3><p class="block core-block">Indicates the total number of contracts for a particular option that have been opened. This number decreases as open options are closed out.</p><h3 class="block core-block" id="strike-price">Strike Price</h3><p class="block core-block">The strike price is the price at which you can buy or sell the stock if you choose to exercise the contract after purchase.</p><h2 class="block core-block" id="most-profitable-option-strategy">Most Profitable Option Strategy</h2><p class="block core-block">There are many different options trading strategies and the strategy that will be best for you may vary depending on your position and the stocks you're trading. One of the most popular strategies is the "covered call."</p><p class="block core-block">When you structure a covered call, you sell a call option against shares of stock that you already own. For example, you might sell one call option for every 100 shares of stock that you own. You may even use the premium from your sold calls to accumulate more shares of stock.</p><p class="block core-block">This is a very popular strategy because it allows you to receive income from your investment portfolio. If the price of the stock increases beyond the call option's strike price, your long stock position covers the losses from the short option position. If the price of the stock falls, then your losses are buffered somewhat by the premium you received for selling the call.</p><h2 class="block core-block" id="benzinga-options-newsletter">Benzinga Options Newsletter</h2><p class="block core-block">What are the most important tools that an options trader can have at his or her disposal? Up-to-the-minute price data and professional, hand-picked recommendations. Benzinga's options newsletter is your one-stop shop for the day's top stocks and options you need to be watching. Don't spend hours guessing which stocks to buy — let the professionals deliver their picks straight to your inbox with <a href="https://go.benzinga.com/sales-page-187126583617110118712659" target="_blank" rel="noopener" data-lasso-id="51706">Benzinga's Stocks to Watch</a>.</p><h2 class="block core-block" id="knowledge-is-power-in-options-trading">Knowledge is Power in Options Trading</h2><p class="block core-block">Options provide traders with a greater choice of ways to express a market view. Since options can add considerable complexity to your trading activities, however, you will want to educate yourself thoroughly about how to best use them so that they boost your bottom line as a trader.</p><p class="block core-block">You may want to take an options trading course, read relevant articles, watch related tutorial videos and even hire an options trading mentor. Your online options broker could also provide you with guides and tips to train yourself, so check to see what it offers.</p><div class="lazyload-wrapper "><div class="min-h-[300px] md:min-h-[186px] my-4"><div class="w-full min-h-[inherit]"><div class="w-full h-full min-h-[inherit] flex items-center justify-center mx-auto rounded-md border border-gray-300 p-4 shadow"><div class="flex flex-col md:flex-row animate-pulse w-full gap-4"><div class="icon-wrapper flex items-center justify-center mx-6"><svg aria-hidden="true" class="w-16 h-16 text-gray-400" fill="currentColor" viewBox="0 0 640 512" xmlns="http://www.w3.org/2000/svg"><path d="M480 80C480 35.82 515.8 0 560 0C604.2 0 640 35.82 640 80C640 124.2 604.2 160 560 160C515.8 160 480 124.2 480 80zM0 456.1C0 445.6 2.964 435.3 8.551 426.4L225.3 81.01C231.9 70.42 243.5 64 256 64C268.5 64 280.1 70.42 286.8 81.01L412.7 281.7L460.9 202.7C464.1 196.1 472.2 192 480 192C487.8 192 495 196.1 499.1 202.7L631.1 419.1C636.9 428.6 640 439.7 640 450.9C640 484.6 612.6 512 578.9 512H55.91C25.03 512 .0006 486.1 .0006 456.1L0 456.1z"></path></svg></div><div class="paragraphs-wrapper w-full"><div class="flex-1 space-y-6 py-1"><div class="h-3 rounded bg-gray-300"></div><div class="space-y-3"><div class="grid grid-cols-3 gap-4"><div class="col-span-2 h-2 rounded bg-gray-300"></div><div class="col-span-1 h-2 rounded bg-gray-300"></div></div><div class="h-2 rounded bg-gray-300"></div><div class="h-2 rounded bg-gray-300"></div><div class="h-2 rounded bg-gray-300"></div></div></div></div></div></div></div></div></div><h2 class="block core-block" id="frequently-asked-questions">Frequently Asked Questions</h2><div class="sc-bvBKaP fEZXsy block"><div class="sc-iAMrAa fdxlgh faq-container"><div class="sc-diFhln fjrouc faq-block"><div class="sc-kyeWiB jKJJnk qa-container"><div class="qa-header"><div class="qa-letter-icon">Q</div><h3 class="font-bold question">What are the risks of options trading?</h3></div><div class="qa-body"><div class="qa-letter-icon">A</div><div class="answer-container"><p><span style="font-weight: 400;">The risks in options trading are you can lose the premium you paid for the option. Those who write uncovered calls face unlimited risks when prices start to rise.</span></p> </div></div></div><div class="sc-kyeWiB jKJJnk qa-container"><div class="qa-header"><div class="qa-letter-icon">Q</div><h3 class="font-bold question">What are the best options brokers for beginners?</h3></div><div class="qa-body"><div class="qa-letter-icon">A</div><div class="answer-container"><p><span style="font-weight: 400;">Benzinga recommends Interactive Brokers, Webull and Moomoo for best options brokers for beginners. </span></p> </div></div></div><div class="sc-kyeWiB jKJJnk qa-container"><div class="qa-header"><div class="qa-letter-icon">Q</div><h3 class="font-bold question">Can you make money trading options?</h3></div><div class="qa-body"><div class="qa-letter-icon">A</div><div class="answer-container"><p>It is possible to make money trading options. You can make money if you buy or sell options. However, this strategy carries more risk than many other approaches to investing.</p> </div></div></div></div></div></div></div></div><div class="money-blocks-layout-wrapper"><div class="sc-iCWdMM gKLnSm money-blocks-wrapper"><div class="sc-fSrjIW dUxOWG mt-6 border rounded-md p-3"><div class="flex flex-nowrap gap-3"><div class="flex-col w-1/6"><a href="https://www.benzinga.com/money/author/luke"><img alt="Luke Jacobi" class="rounded-full" height="96" src="https://secure.gravatar.com/avatar/a7a3e4487e9cc2c28d57bae0a878c1f2?s=96&d=mm&r=g" width="96"/></a></div><div class="flex-col w-5/6"><a href="https://www.benzinga.com/money/author/luke"><h4>About Luke Jacobi</h4></a><div><p>Luke Jacobi is a distinguished professional known for his role as President at Benzinga, a renowned financial media outlet. With a background in business operations and management, Luke brings valuable expertise to his position, overseeing various aspects of Benzinga’s operations. His contributions play a crucial role in the company’s success, ensuring efficiency and effectiveness across different departments. Prior to his role at Benzinga, Luke has held positions that have honed his skills in leadership and strategic decision-making. 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Work?"},{"id":"7-steps-to-trade-options","level":"2","text":"7 Steps to Trade Options","html":"7 Steps to Trade Options"},{"id":"why-should-you-trade-options","level":"2","text":"Why Should You Trade Options?","html":"Why Should You Trade Options?"},{"id":"considerations-before-trading-options","level":"2","text":"Considerations Before Trading Options","html":"Considerations Before Trading Options"},{"id":"types-of-options","level":"2","text":"Types of Options","html":"Types of Options"},{"id":"call-option-example","level":"2","text":"Call Option Example\u0026nbsp;","html":"Call Option Example\u0026nbsp;"},{"id":"put-option-example","level":"2","text":"Put Option Example\u0026nbsp;","html":"Put Option Example\u0026nbsp;"},{"id":"options-tables","level":"2","text":"Options Tables","html":"Options Tables"},{"id":"most-profitable-option-strategy","level":"2","text":"Most Profitable Option Strategy","html":"Most Profitable Option Strategy"},{"id":"benzinga-options-newsletter","level":"2","text":"Benzinga Options Newsletter","html":"Benzinga Options Newsletter"},{"id":"knowledge-is-power-in-options-trading","level":"2","text":"Knowledge is Power in Options Trading","html":"Knowledge is Power in Options Trading"},{"id":"frequently-asked-questions","level":"2","text":"Frequently Asked Questions","html":"Frequently Asked Questions"}],"default_hide":true,"style":"default","include_tags":[2]},"align":"","mode":"edit"},"innerBlocks":[],"innerHTML":"","headers":[{"id":"what-is-options-trading","level":"2","text":"What is Options Trading?","html":"What is Options Trading?"},{"id":"how-do-options-work","level":"2","text":"How Do Options Work?","html":"How Do Options Work?"},{"id":"7-steps-to-trade-options","level":"2","text":"7 Steps to Trade Options","html":"7 Steps to Trade Options"},{"id":"why-should-you-trade-options","level":"2","text":"Why Should You Trade Options?","html":"Why Should You Trade Options?"},{"id":"considerations-before-trading-options","level":"2","text":"Considerations Before Trading Options","html":"Considerations Before Trading Options"},{"id":"types-of-options","level":"2","text":"Types of Options","html":"Types of Options"},{"id":"call-option-examplenbsp","level":"2","text":"Call Option Example\u0026nbsp;","html":"Call Option Example\u0026nbsp;"},{"id":"put-option-examplenbsp","level":"2","text":"Put Option Example\u0026nbsp;","html":"Put Option Example\u0026nbsp;"},{"id":"options-tables","level":"2","text":"Options Tables","html":"Options Tables"},{"id":"most-profitable-option-strategy","level":"2","text":"Most Profitable Option Strategy","html":"Most Profitable Option Strategy"},{"id":"benzinga-options-newsletter","level":"2","text":"Benzinga Options Newsletter","html":"Benzinga Options Newsletter"},{"id":"knowledge-is-power-in-options-trading","level":"2","text":"Knowledge is Power in Options Trading","html":"Knowledge is Power in Options Trading"},{"id":"frequently-asked-questions","level":"2","text":"Frequently Asked Questions","html":"Frequently Asked Questions"}],"deviceType":"desktop","userAgent":"Mozilla/5.0 (Macintosh; Intel Mac OS X 10_10_2) AppleWebKit/614.24 (KHTML, like Gecko) Version/12.3.54 Safari/614.24","type":"default"},{"blockName":"core/heading","attrs":{"data":[]},"innerBlocks":[],"innerHTML":"\n\u003ch2\u003eWhat is Options Trading?\u003c/h2\u003e\n","tag":"h2","id":"what-is-options-trading","html":"What is Options Trading?","deviceType":"desktop","userAgent":"Mozilla/5.0 (Macintosh; Intel Mac OS X 10_10_2) AppleWebKit/614.24 (KHTML, like Gecko) Version/12.3.54 Safari/614.24","type":"default"},{"blockName":"core/paragraph","attrs":{"data":[]},"innerBlocks":[],"innerHTML":"\n\u003cp\u003eIf you're trying to figure out if \u003ca href=\"https://www.benzinga.com/money/how-to-trade-options/\"\u003etrading options\u003c/a\u003e is right for you, you should first understand what options are. An options explanation can turn into something complicated very quickly, so let's simplify. As with most investing products, an option is a contract. It is exactly how it sounds. This specific type of contract gives you the right to buy or sell an asset at a specific price by a specific date. It's essentially a contract that gives you the option to follow through.\u003c/p\u003e\n","html":"If you're trying to figure out if \u003ca href=\"https://www.benzinga.com/money/how-to-trade-options/\"\u003etrading options\u003c/a\u003e is right for you, you should first understand what options are. An options explanation can turn into something complicated very quickly, so let's simplify. As with most investing products, an option is a contract. It is exactly how it sounds. This specific type of contract gives you the right to buy or sell an asset at a specific price by a specific date. It's essentially a contract that gives you the option to follow through.","tag":"p","deviceType":"desktop","userAgent":"Mozilla/5.0 (Macintosh; Intel Mac OS X 10_10_2) AppleWebKit/614.24 (KHTML, like Gecko) Version/12.3.54 Safari/614.24","type":"default"},{"blockName":"core/heading","attrs":{"data":[]},"innerBlocks":[],"innerHTML":"\n\u003ch2\u003eHow Do Options Work?\u003c/h2\u003e\n","tag":"h2","id":"how-do-options-work","html":"How Do Options Work?","deviceType":"desktop","userAgent":"Mozilla/5.0 (Macintosh; Intel Mac OS X 10_10_2) AppleWebKit/614.24 (KHTML, like Gecko) Version/12.3.54 Safari/614.24","type":"default"},{"blockName":"core/paragraph","attrs":{"data":[]},"innerBlocks":[],"innerHTML":"\n\u003cp\u003eAgain, as with most investment products, you're going to want to determine the probability of the future prices of certain assets. You can assume that the more likely it is that something will happen, the more expensive a related option would be.\u003c/p\u003e\n","html":"Again, as with most investment products, you're going to want to determine the probability of the future prices of certain assets. You can assume that the more likely it is that something will happen, the more expensive a related option would be.","tag":"p","deviceType":"desktop","userAgent":"Mozilla/5.0 (Macintosh; Intel Mac OS X 10_10_2) AppleWebKit/614.24 (KHTML, like Gecko) Version/12.3.54 Safari/614.24","type":"default"},{"blockName":"core/paragraph","attrs":{"data":[]},"innerBlocks":[],"innerHTML":"\n\u003cp\u003eThe basic steps of trading an option are:\u003c/p\u003e\n","html":"The basic steps of trading an option are:","tag":"p","deviceType":"desktop","userAgent":"Mozilla/5.0 (Macintosh; Intel Mac OS X 10_10_2) AppleWebKit/614.24 (KHTML, like Gecko) Version/12.3.54 Safari/614.24","type":"default"},{"blockName":"core/list","attrs":{"data":[]},"innerBlocks":[{"blockName":"core/list-item","attrs":[],"innerBlocks":[],"innerHTML":"\n\u003cli\u003eIdentify the asset you want to buy or sell.\u003c/li\u003e\n","innerContent":["\n\u003cli\u003eIdentify the asset you want to buy or sell.\u003c/li\u003e\n"]},{"blockName":"core/list-item","attrs":[],"innerBlocks":[],"innerHTML":"\n\u003cli\u003eEnter a contract to determine a premium, cost and expiration date.\u003c/li\u003e\n","innerContent":["\n\u003cli\u003eEnter a contract to determine a premium, cost and expiration date.\u003c/li\u003e\n"]},{"blockName":"core/list-item","attrs":[],"innerBlocks":[],"innerHTML":"\n\u003cli\u003eIf you're the buyer, you pay the premium cost.\u003c/li\u003e\n","innerContent":["\n\u003cli\u003eIf you're the buyer, you pay the premium cost.\u003c/li\u003e\n"]},{"blockName":"core/list-item","attrs":[],"innerBlocks":[],"innerHTML":"\n\u003cli\u003eMonitor the asset and decide whether you want to follow through on the contract to buy or sell.\u003c/li\u003e\n","innerContent":["\n\u003cli\u003eMonitor the asset and decide whether you want to follow through on the contract to buy or sell.\u003c/li\u003e\n"]}],"innerHTML":"\u003cul\u003e\u003cli\u003eIdentify the asset you want to buy or sell.\u003c/li\u003e\u003cli\u003eEnter a contract to determine a premium, cost and expiration date.\u003c/li\u003e\u003cli\u003eIf you're the buyer, you pay the premium cost.\u003c/li\u003e\u003cli\u003eMonitor the asset and decide whether you want to follow through on the contract to buy or sell.\u003c/li\u003e\u003c/ul\u003e","tag":"ul","html":"\u003cli\u003eIdentify the asset you want to buy or sell.\u003c/li\u003e\u003cli\u003eEnter a contract to determine a premium, cost and expiration date.\u003c/li\u003e\u003cli\u003eIf you're the buyer, you pay the premium cost.\u003c/li\u003e\u003cli\u003eMonitor the asset and decide whether you want to follow through on the contract to buy or sell.\u003c/li\u003e","deviceType":"desktop","userAgent":"Mozilla/5.0 (Macintosh; Intel Mac OS X 10_10_2) AppleWebKit/614.24 (KHTML, like Gecko) Version/12.3.54 Safari/614.24","type":"default"},{"blockName":"core/paragraph","attrs":{"data":[]},"innerBlocks":[],"innerHTML":"\n\u003cp\u003eHere are some key factors to understand about options:\u003c/p\u003e\n","html":"Here are some key factors to understand about options:","tag":"p","deviceType":"desktop","userAgent":"Mozilla/5.0 (Macintosh; Intel Mac OS X 10_10_2) AppleWebKit/614.24 (KHTML, like Gecko) Version/12.3.54 Safari/614.24","type":"default"},{"blockName":"core/list","attrs":{"data":[]},"innerBlocks":[{"blockName":"core/list-item","attrs":[],"innerBlocks":[],"innerHTML":"\n\u003cli\u003eOptions are typically sold in increments of 100. So you should be sure to multiply the premium of your contract by 100 to get the total cost of your option.\u003c/li\u003e\n","innerContent":["\n\u003cli\u003eOptions are typically sold in increments of 100. So you should be sure to multiply the premium of your contract by 100 to get the total cost of your option.\u003c/li\u003e\n"]},{"blockName":"core/list-item","attrs":[],"innerBlocks":[],"innerHTML":"\n\u003cli\u003eThe more time you have in your contract, the more valuable your option could be. This is because the more time there is, the more chance there is for the price to change.\u003c/li\u003e\n","innerContent":["\n\u003cli\u003eThe more time you have in your contract, the more valuable your option could be. This is because the more time there is, the more chance there is for the price to change.\u003c/li\u003e\n"]},{"blockName":"core/list-item","attrs":[],"innerBlocks":[],"innerHTML":"\n\u003cli\u003eIf you're the buyer of an option, you are not obligated to go through with buying. However, you will not get the premium back if you choose not to follow through. The only risk to entering the options contract is losing the amount you spent on the premium. So be sure you're comfortable with losing the cost of your premium if it comes to that.\u003c/li\u003e\n","innerContent":["\n\u003cli\u003eIf you're the buyer of an option, you are not obligated to go through with buying. However, you will not get the premium back if you choose not to follow through. The only risk to entering the options contract is losing the amount you spent on the premium. So be sure you're comfortable with losing the cost of your premium if it comes to that.\u003c/li\u003e\n"]},{"blockName":"core/list-item","attrs":[],"innerBlocks":[],"innerHTML":"\n\u003cli\u003eOn the other hand, sellers may be required to make good on the options contract to sell. Sellers have greater risk and can lose much more than the cost of the options contract premium.\u003c/li\u003e\n","innerContent":["\n\u003cli\u003eOn the other hand, sellers may be required to make good on the options contract to sell. Sellers have greater risk and can lose much more than the cost of the options contract premium.\u003c/li\u003e\n"]}],"innerHTML":"\u003cul\u003e\u003cli\u003eOptions are typically sold in increments of 100. So you should be sure to multiply the premium of your contract by 100 to get the total cost of your option.\u003c/li\u003e\u003cli\u003eThe more time you have in your contract, the more valuable your option could be. This is because the more time there is, the more chance there is for the price to change.\u003c/li\u003e\u003cli\u003eIf you're the buyer of an option, you are not obligated to go through with buying. However, you will not get the premium back if you choose not to follow through. The only risk to entering the options contract is losing the amount you spent on the premium. So be sure you're comfortable with losing the cost of your premium if it comes to that.\u003c/li\u003e\u003cli\u003eOn the other hand, sellers may be required to make good on the options contract to sell. Sellers have greater risk and can lose much more than the cost of the options contract premium.\u003c/li\u003e\u003c/ul\u003e","tag":"ul","html":"\u003cli\u003eOptions are typically sold in increments of 100. So you should be sure to multiply the premium of your contract by 100 to get the total cost of your option.\u003c/li\u003e\u003cli\u003eThe more time you have in your contract, the more valuable your option could be. This is because the more time there is, the more chance there is for the price to change.\u003c/li\u003e\u003cli\u003eIf you're the buyer of an option, you are not obligated to go through with buying. However, you will not get the premium back if you choose not to follow through. The only risk to entering the options contract is losing the amount you spent on the premium. So be sure you're comfortable with losing the cost of your premium if it comes to that.\u003c/li\u003e\u003cli\u003eOn the other hand, sellers may be required to make good on the options contract to sell. Sellers have greater risk and can lose much more than the cost of the options contract premium.\u003c/li\u003e","deviceType":"desktop","userAgent":"Mozilla/5.0 (Macintosh; Intel Mac OS X 10_10_2) AppleWebKit/614.24 (KHTML, like Gecko) Version/12.3.54 Safari/614.24","type":"default"},{"blockName":"core/heading","attrs":{"data":[]},"innerBlocks":[],"innerHTML":"\n\u003ch2\u003e7 Steps to Trade Options\u003c/h2\u003e\n","tag":"h2","id":"7-steps-to-trade-options","html":"7 Steps to Trade Options","deviceType":"desktop","userAgent":"Mozilla/5.0 (Macintosh; Intel Mac OS X 10_10_2) AppleWebKit/614.24 (KHTML, like Gecko) Version/12.3.54 Safari/614.24","type":"default"},{"blockName":"core/paragraph","attrs":{"data":[]},"innerBlocks":[],"innerHTML":"\n\u003cp\u003eIf you want to get familiar with options trading and\u003ca href=\"https://www.benzinga.com/money\"\u003e make money from this opportunity,\u003c/a\u003e you will have to follow these seven steps.\u003c/p\u003e\n","html":"If you want to get familiar with options trading and\u003ca href=\"https://www.benzinga.com/money\"\u003e make money from this opportunity,\u003c/a\u003e you will have to follow these seven steps.","tag":"p","deviceType":"desktop","userAgent":"Mozilla/5.0 (Macintosh; Intel Mac OS X 10_10_2) AppleWebKit/614.24 (KHTML, like Gecko) Version/12.3.54 Safari/614.24","type":"default"},{"blockName":"core/heading","attrs":{"level":3,"data":[]},"innerBlocks":[],"innerHTML":"\n\u003ch3\u003eStep 1: Educate Yourself About Options\u003c/h3\u003e\n","tag":"h3","id":"step1-educate-yourself-about-options","html":"Step 1: Educate Yourself About Options","deviceType":"desktop","userAgent":"Mozilla/5.0 (Macintosh; Intel Mac OS X 10_10_2) AppleWebKit/614.24 (KHTML, like Gecko) Version/12.3.54 Safari/614.24","type":"default"},{"blockName":"core/paragraph","attrs":{"data":[]},"innerBlocks":[],"innerHTML":"\n\u003cp\u003eBefore starting to trade options, you'll want to learn about the various \u003ca href=\"https://www.benzinga.com/money/options-trading-strategies\"\u003eoptions strategies you can use\u003c/a\u003e and their risk profiles so that you understand how options can help you encapsulate a market view. You can take an \u003ca href=\"https://www.benzinga.com/money/best-options-trading-books\"\u003eoptions trading course or read books\u003c/a\u003e on the subject to do this. You will also want to review the specifics and operational mechanics of any \u003ca href=\"https://www.benzinga.com/money/options-contract\"\u003eoptions contracts you plan on trading\u003c/a\u003e since missing an expiration date, not knowing the amount of risk you are taking or transacting the wrong type or style of option can be a costly mistake.\u003c/p\u003e\n","html":"Before starting to trade options, you'll want to learn about the various \u003ca href=\"https://www.benzinga.com/money/options-trading-strategies\"\u003eoptions strategies you can use\u003c/a\u003e and their risk profiles so that you understand how options can help you encapsulate a market view. You can take an \u003ca href=\"https://www.benzinga.com/money/best-options-trading-books\"\u003eoptions trading course or read books\u003c/a\u003e on the subject to do this. You will also want to review the specifics and operational mechanics of any \u003ca href=\"https://www.benzinga.com/money/options-contract\"\u003eoptions contracts you plan on trading\u003c/a\u003e since missing an expiration date, not knowing the amount of risk you are taking or transacting the wrong type or style of option can be a costly mistake.","tag":"p","deviceType":"desktop","userAgent":"Mozilla/5.0 (Macintosh; Intel Mac OS X 10_10_2) AppleWebKit/614.24 (KHTML, like Gecko) Version/12.3.54 Safari/614.24","type":"default"},{"blockName":"core/heading","attrs":{"level":3,"data":[]},"innerBlocks":[],"innerHTML":"\n\u003ch3\u003eStep 2: Connect to the Internet\u003c/h3\u003e\n","tag":"h3","id":"step2-connect-to-the-internet","html":"Step 2: Connect to the Internet","deviceType":"desktop","userAgent":"Mozilla/5.0 (Macintosh; Intel Mac OS X 10_10_2) AppleWebKit/614.24 (KHTML, like Gecko) Version/12.3.54 Safari/614.24","type":"default"},{"blockName":"core/paragraph","attrs":{"data":[]},"innerBlocks":[],"innerHTML":"\n\u003cp\u003eSince you will generally want to trade options online via a trading platform, having a relatively modern computer or mobile device connected to the internet is virtually a necessity.\u003c/p\u003e\n","html":"Since you will generally want to trade options online via a trading platform, having a relatively modern computer or mobile device connected to the internet is virtually a necessity.","tag":"p","deviceType":"desktop","userAgent":"Mozilla/5.0 (Macintosh; Intel Mac OS X 10_10_2) AppleWebKit/614.24 (KHTML, like Gecko) Version/12.3.54 Safari/614.24","type":"default"},{"blockName":"core/heading","attrs":{"level":3,"data":[]},"innerBlocks":[],"innerHTML":"\n\u003ch3\u003eStep 3: Select a Good Online Options Broker\u003c/h3\u003e\n","tag":"h3","id":"step3-select-a-good-online-options-broker","html":"Step 3: Select a Good Online Options Broker","deviceType":"desktop","userAgent":"Mozilla/5.0 (Macintosh; Intel Mac OS X 10_10_2) AppleWebKit/614.24 (KHTML, like Gecko) Version/12.3.54 Safari/614.24","type":"default"},{"blockName":"core/paragraph","attrs":{"data":[]},"innerBlocks":[],"innerHTML":"\n\u003cp\u003e\u003ca href=\"https://www.benzinga.com/money/best-brokers-for-options-traders\"\u003eMany online brokers will allow you to trade options\u003c/a\u003e. Select a well-regulated broker that offers options on the asset classes you most want to trade along with a good options trading platform and tight dealing spreads. Since options are more advanced trading instruments, you may also need to qualify to \u003ca href=\"https://www.benzinga.com/money/swing-trading-options\"\u003etrade options\u003c/a\u003e via a particular broker.\u003c/p\u003e\n","html":"\u003ca href=\"https://www.benzinga.com/money/best-brokers-for-options-traders\"\u003eMany online brokers will allow you to trade options\u003c/a\u003e. Select a well-regulated broker that offers options on the asset classes you most want to trade along with a good options trading platform and tight dealing spreads. Since options are more advanced trading instruments, you may also need to qualify to \u003ca href=\"https://www.benzinga.com/money/swing-trading-options\"\u003etrade options\u003c/a\u003e via a particular broker.","tag":"p","deviceType":"desktop","userAgent":"Mozilla/5.0 (Macintosh; Intel Mac OS X 10_10_2) AppleWebKit/614.24 (KHTML, like Gecko) Version/12.3.54 Safari/614.24","type":"default"},{"blockName":"acf/cta-placeholder","attrs":{"name":"acf/cta-placeholder","data":{"cta_placeholder_type":"compare-products-placement","cta_data":null,"has_placements":false,"placeholder_type":null,"widget":{"ID":69890,"post_author":"5911","post_date":"2020-05-20 14:40:30","post_date_gmt":"2020-05-20 18:40:30","post_content":"\u003c!-- wp:acf/compare-products {\"name\":\"acf/compare-products\",\"data\":{\"compare_products\":[\"72376\",\"27392\",\"100012\",\"63970\",\"91816\"],\"_compare_products\":\"block_compare_products\",\"show_product_names\":\"0\",\"_show_product_names\":\"show_product_names\",\"default_open_description\":\"0\",\"_default_open_description\":\"default_open_description\",\"disable_block\":\"0\",\"_disable_block\":\"field_disable_block\"},\"align\":\"\",\"mode\":\"edit\"} /--\u003e","post_title":"Compare Options Brokers","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"compare-brokers-options","to_ping":"","pinged":"","post_modified":"2024-11-10 10:18:50","post_modified_gmt":"2024-11-10 15:18:50","post_content_filtered":"","post_parent":0,"guid":"https://www.benzinga.com/?post_type=widget\u0026#038;p=69890","menu_order":0,"post_type":"widget","post_mime_type":"","comment_count":"0","filter":"raw","blocks":[{"blockName":"acf/compare-products","attrs":{"name":"acf/compare-products","data":{"compare_products":[72376,27392,100012,63970,91816],"style":"","show_product_names":false,"opened":false},"align":"","mode":"edit"},"innerBlocks":[],"innerHTML":"","products":[{"id":72376,"image":"https://cdnwp-s3.benzinga.com/wp-content/uploads/2020/06/20091724/IMG_5143.png","square_image":null,"best_for":"Inexpensive Options Trading","teaser":"","filters":[],"name":"Tradier","link":"https://www.benzinga.com/go/tradier","rating":4,"review":"https://www.benzinga.com/money/tradier-brokerage-review","insurance_types_of_plans":"","hide_securely_through":false,"trust":"securely through Tradier's website","current_promotion":"","disclosure":"","button_text":"get started","product_badge_image":false,"go_link_id":72386,"company_id":72380,"company_name":"Tradier","tune_offer_id":"","go_link_dofollow":0,"details":{"desc":"\u003cp\u003eTradier Brokerage distinguishes itself through its highly customizable platform and focus on active traders, particularly those engaged in options trading. Investors take advantage of its low costs, advanced tools and human tech support.\u003c/p\u003e\n\u003cp\u003eWhile many advanced investors use it for trading options, \u003ca href=\"https://www.benzinga.com/money/best-futures-trading-platforms\"\u003efutures\u003c/a\u003e and more, you can gradually build up confidence with the tools if you\u0026#8217;re just starting. Most notably, you get your choice of trading platforms developed by third parties, including AI-based tools, automation, signals, bots, order flow and chart analysis tools. These platforms include the popular TradingView, as well as Track ‘n Trade, TradierPro, TrendSpider, iVest, Social.Trade, Option Samurai, WealthCharts, Option Alpha, PeakBot and many more.\u003c/p\u003e\n\u003cp\u003eTradier allows you to access the platform\u0026#8217;s many features with the Standard free plan, or you can opt for the Pro plan that costs $10 a month. Feeling overwhelmed with options trading or unsure how futures work? Tradier\u0026#8217;s resources and community can help you gradually build trading knowledge and try out the platform with smaller trades.\u003c/p\u003e\n\u003cp\u003eTradier also facilitates access to commodities like gold, oil and agricultural products such as corn for those looking to venture beyond traditional markets. These alternative assets can add a layer of diversification by providing exposure to different economic factors and reducing the overall volatility of your portfolio. Trading popular indexes allows you to invest in broader market trends, offering another avenue for spreading risk across multiple asset classes.\u003c/p\u003e\n","pros":["Get started for $0 a month","Choose your favorite trading platform","Mobile app with a 4.9 average rating","Inexpensive option fees and low-margin rates","Unlimited commission-free options and stock trading"],"cons":["High fees for IRAs and document processing","No-transaction-fee (NTF) mutual funds aren't free to buy","Not the simplest platform for beginners"],"best_for":["Experienced traders","New investors who want strong diversification and educational resources"],"custom_sec":[]},"phone":"","data":{}},{"id":27392,"image":"https://cdnwp-s3.benzinga.com/wp-content/uploads/2018/12/16153923/plus500_source-5c5b58f746e0fb0001ca8550-768x294.png","square_image":null,"best_for":"Stock CFDs","teaser":"","filters":[],"name":"Plus500 Yield","link":"https://www.benzinga.com/go/plus500-cc-link-a","rating":4,"review":"https://www.benzinga.com/money/plus500-review","insurance_types_of_plans":"","hide_securely_through":false,"trust":"securely through Plus500 Yield's website","current_promotion":"","disclosure":"\u003cp\u003e82% of retail accounts lose money\u003c/p\u003e\n","button_text":"get started","product_badge_image":false,"go_link_id":250291,"company_id":27390,"company_name":"Plus500","tune_offer_id":"","go_link_dofollow":0,"details":{"desc":"\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003e\u003cstrong\u003e82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.\u003c/strong\u003e\u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003ePlus500 is an online CFD broker focusing on contracts for difference (CFDs). CFDs are similar to binary options in the U.S. where traders take all-or-nothing speculation on the prices of certain securities like indices, commodities or currencies. While not legal to trade in the U.S., CFDs are legal in many jurisdictions across the globe and Plus500 offers a wide array of tradable markets using these instruments. \u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003ePlus500 doesn’t charge commission and only profits off the spread, which is the difference between the buy and sell price of a specific security. But Plus500 is not a broker for beginners — the education materials are sparse and CFDs are risky derivatives capable of sapping out all of an investor’s capital. Only trade these instruments if you understand how they operate and the risks involved with buying them.\u003c/span\u003e\u003c/p\u003e\n","pros":["Great mobile app","Low spreads and commissions","Unlimited demo account"],"cons":["Only derivatives are available","Not open to U.S. residents"],"best_for":["Traders looking for a smooth mobile experience"],"custom_sec":[]},"phone":"","data":{}},{"id":100012,"image":"https://cdnwp-s3.benzinga.com/wp-content/uploads/2017/07/15102926/ib-logo-stacked-1200x627-1-768x401.png","square_image":null,"best_for":"Active and Global Traders","teaser":"","filters":[],"name":"IBKR Options","link":"https://www.benzinga.com/go/ibkr-options-2","rating":5,"review":"https://www.benzinga.com/money/interactive-brokers-review","insurance_types_of_plans":"","hide_securely_through":false,"trust":"Securely through Interactive Brokers’ website","current_promotion":"","disclosure":"","button_text":"get started","product_badge_image":false,"go_link_id":218218,"company_id":107,"company_name":"Interactive Brokers","tune_offer_id":"","go_link_dofollow":0,"details":{"desc":"\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eInteractive Brokers is a comprehensive trading platform that gives you access to a massive range of securities at affordable prices. You can buy assets from all around the world from the comfort of your home or office with access to over 150 global markets. Options, futures, forex and fund trading are also available, and most traders won’t pay a commission on any purchase or sale. \u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eIBKR is geared primarily toward experienced traders and investors but now with the availability of free trades with IBKR Lite, casual traders can also acclimate to IBKR’s offerings.\u003c/span\u003e\u003c/p\u003e\n","pros":["Advanced trading platform \u0026 suite of options trading tools to create \u0026 execute sophisticated trading strategies","Fixed fees offer infrequent traders low, flat rate per contract, inclusive of all fees","Tiered fees offer active traders lower cost per transaction and possible exchange rebates for higher volumes"],"cons":["Beginner investors might prefer a broker that offers a bit more hand-holding and educational resources"],"best_for":["Options traders","Traders trading 24/7","Sophisticated investors","Access to International markets"],"custom_sec":[]},"phone":"","data":{}},{"id":63970,"image":"https://cdnwp-s3.benzinga.com/wp-content/uploads/2023/06/01170410/public-logo.png","square_image":null,"best_for":"Trading Ideas","teaser":"","filters":[],"name":"public.com","link":"https://www.benzinga.com/go/public","rating":4.5,"review":"https://www.benzinga.com/money/public-com-review","insurance_types_of_plans":"","hide_securely_through":false,"trust":"securely through public.com's website","current_promotion":"","disclosure":"","button_text":"get started","product_badge_image":false,"go_link_id":64439,"company_id":63967,"company_name":"public.com","tune_offer_id":"","go_link_dofollow":0,"details":{"desc":"\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003ePublic is the only investing platform that lets you trade stocks, ETFs, crypto, bonds, options and alternative assets—like fine art and collectibles—all in one place. Public also provides access to custom company metrics, live shows about the markets, and insights from a community of millions of investors, creators, and analysts.\u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eToday, Public provides more ways to create a diversified portfolio than nearly any other online broker. Members can engage in sophisticated investing strategies and access a wealth of investing insights—from company-specific analysis to live audio shows and town hall-style Q\u0026amp;As. In addition, Public offers a premium membership tier with unique company KPIs, detailed performance metrics, and institutional-grade research. \u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\n","pros":["Commission-free stock and ETF trading","Fractional share investing","Advanced data, tools, and insights with Public Premium"],"cons":["You can't transfer crypto to another wallet","No mutual funds or precious metals","At this time, only offers individual brokerage accounts and not IRAs"],"best_for":["Stock and ETF investors","Crypto investors","Investors looking to diversify with alternative assets or bonds and options"],"custom_sec":[]},"phone":"","data":{}},{"id":91816,"image":"https://cdnwp-s3.benzinga.com/wp-content/uploads/2020/11/07101028/IMG_5065-768x135.png","square_image":null,"best_for":"Global Broker for Short Selling","teaser":"","filters":[],"name":"TradeZero","link":"https://www.benzinga.com/go/tradezero","rating":4.5,"review":"https://www.benzinga.com/money/tradezero-review","insurance_types_of_plans":"","hide_securely_through":false,"trust":"securely through TradeZero's website","current_promotion":"","disclosure":"","button_text":"get started","product_badge_image":"https://cdnwp-s3.benzinga.com/wp-content/uploads/2020/11/14143059/Best-Brokerage-for-Short-Selling-TradeZero.png","go_link_id":38233,"company_id":91824,"company_name":"TradeZero","tune_offer_id":"","go_link_dofollow":0,"details":{"desc":"\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eTradeZero is an online broker and free stock trading platform that provides everything you need to successfully share and trade, including round-the-clock customer support. TradeZero provides four different trading state-of-the-art software programs with its services, a locator for sourcing shares for shorting, commission-free trades, and real-time streaming, to name a few of the features promoted on their website. The software is a unique and (potentially) affordable option for anyone interested in stock trading.\u003c/span\u003e\u003c/p\u003e\n","pros":["24/7 live customer support","Uses ZeroWeb technology, a powerful level 2 online platform with direct market access","Mobile app allows users to access stocks and trade in real-time while on the go"],"cons":["Enforces Pattern Day Trading restrictions (accounts need to maintain a daily equity balance of at least $25k)","Mobile app could offer more features"],"best_for":["Traders seeking high transparency and mobility in a stock trading program","Those attracted to commission-free trades","Those seeking a free version of a high-quality trading program"],"custom_sec":[]},"phone":"","data":{}}]}]}},"align":"","mode":"edit"},"innerBlocks":[],"innerHTML":"","deviceType":"desktop","userAgent":"Mozilla/5.0 (Macintosh; Intel Mac OS X 10_10_2) AppleWebKit/614.24 (KHTML, like Gecko) Version/12.3.54 Safari/614.24","type":"default"},{"blockName":"core/heading","attrs":{"level":3,"data":[]},"innerBlocks":[],"innerHTML":"\n\u003ch3\u003eStep 4: Open an Account\u003c/h3\u003e\n","tag":"h3","id":"step4-open-an-account","html":"Step 4: Open an Account","deviceType":"desktop","userAgent":"Mozilla/5.0 (Macintosh; Intel Mac OS X 10_10_2) AppleWebKit/614.24 (KHTML, like Gecko) Version/12.3.54 Safari/614.24","type":"default"},{"blockName":"core/paragraph","attrs":{"data":[]},"innerBlocks":[],"innerHTML":"\n\u003cp\u003eReview your chosen broker's initial deposit requirements and account types to see what will suit you best. Also, familiarize yourself with the broker's margin requirements for various types of options strategies so that you can have enough funds deposited in your trading account to cover the options you want to trade.\u003c/p\u003e\n","html":"Review your chosen broker's initial deposit requirements and account types to see what will suit you best. Also, familiarize yourself with the broker's margin requirements for various types of options strategies so that you can have enough funds deposited in your trading account to cover the options you want to trade.","tag":"p","deviceType":"desktop","userAgent":"Mozilla/5.0 (Macintosh; Intel Mac OS X 10_10_2) AppleWebKit/614.24 (KHTML, like Gecko) Version/12.3.54 Safari/614.24","type":"default"},{"blockName":"core/heading","attrs":{"level":3,"data":[]},"innerBlocks":[],"innerHTML":"\n\u003ch3\u003eStep 5: Practice Trading Options\u003c/h3\u003e\n","tag":"h3","id":"step5-practice-trading-options","html":"Step 5: Practice Trading Options","deviceType":"desktop","userAgent":"Mozilla/5.0 (Macintosh; Intel Mac OS X 10_10_2) AppleWebKit/614.24 (KHTML, like Gecko) Version/12.3.54 Safari/614.24","type":"default"},{"blockName":"core/paragraph","attrs":{"data":[]},"innerBlocks":[],"innerHTML":"\n\u003cp\u003eRather than jumping right into trading options with real money, it makes sense to\u0026nbsp;first practice trading options\u0026nbsp;in a demo account. This helps you understand the mechanics of options trading and gives you a risk-free chance to learn how to use your broker's trading platform.\u003c/p\u003e\n","html":"Rather than jumping right into trading options with real money, it makes sense to\u0026nbsp;first practice trading options\u0026nbsp;in a demo account. This helps you understand the mechanics of options trading and gives you a risk-free chance to learn how to use your broker's trading platform.","tag":"p","deviceType":"desktop","userAgent":"Mozilla/5.0 (Macintosh; Intel Mac OS X 10_10_2) AppleWebKit/614.24 (KHTML, like Gecko) Version/12.3.54 Safari/614.24","type":"default"},{"blockName":"core/heading","attrs":{"level":3,"data":[]},"innerBlocks":[],"innerHTML":"\n\u003ch3\u003eStep 6: Develop a Plan\u003c/h3\u003e\n","tag":"h3","id":"step6-develop-a-plan","html":"Step 6: Develop a Plan","deviceType":"desktop","userAgent":"Mozilla/5.0 (Macintosh; Intel Mac OS X 10_10_2) AppleWebKit/614.24 (KHTML, like Gecko) Version/12.3.54 Safari/614.24","type":"default"},{"blockName":"core/paragraph","attrs":{"data":[]},"innerBlocks":[],"innerHTML":"\n\u003cp\u003eIt's time to develop and test one or more\u0026nbsp;\u003ca href=\"https://www.benzinga.com/money/most-successful-options-strategies\" target=\"_blank\" rel=\"noopener\" data-lasso-id=\"51701\"\u003eoptions trading strategies that have a decent chance of success\u003c/a\u003e\u0026nbsp;given the risk you will be taking. You can then incorporate them into an overall trading plan that lays out how you intend to operate your options trading business and manage your risk capital.\u003c/p\u003e\n","html":"It's time to develop and test one or more\u0026nbsp;\u003ca href=\"https://www.benzinga.com/money/most-successful-options-strategies\" target=\"_blank\" rel=\"noopener\" data-lasso-id=\"51701\"\u003eoptions trading strategies that have a decent chance of success\u003c/a\u003e\u0026nbsp;given the risk you will be taking. You can then incorporate them into an overall trading plan that lays out how you intend to operate your options trading business and manage your risk capital.","tag":"p","deviceType":"desktop","userAgent":"Mozilla/5.0 (Macintosh; Intel Mac OS X 10_10_2) AppleWebKit/614.24 (KHTML, like Gecko) Version/12.3.54 Safari/614.24","type":"default"},{"blockName":"core/heading","attrs":{"level":3,"data":[]},"innerBlocks":[],"innerHTML":"\n\u003ch3\u003eStep 7: Fund Your Account and Go Live\u003c/h3\u003e\n","tag":"h3","id":"step7-fund-your-account-and-go-live","html":"Step 7: Fund Your Account and Go Live","deviceType":"desktop","userAgent":"Mozilla/5.0 (Macintosh; Intel Mac OS X 10_10_2) AppleWebKit/614.24 (KHTML, like Gecko) Version/12.3.54 Safari/614.24","type":"default"},{"blockName":"core/paragraph","attrs":{"data":[]},"innerBlocks":[],"innerHTML":"\n\u003cp\u003eOnce you have prepared yourself for trading options by following these steps, you're ready to \u003ca href=\"https://www.benzinga.com/money/options\"\u003estart trading options\u003c/a\u003e in a live account once you identify a suitable opportunity in the market. Always make sure you have placed enough funds on deposit with your broker as a margin to support your options trading strategies and trade only with money you can afford to lose.\u003c/p\u003e\n","html":"Once you have prepared yourself for trading options by following these steps, you're ready to \u003ca href=\"https://www.benzinga.com/money/options\"\u003estart trading options\u003c/a\u003e in a live account once you identify a suitable opportunity in the market. Always make sure you have placed enough funds on deposit with your broker as a margin to support your options trading strategies and trade only with money you can afford to lose.","tag":"p","deviceType":"desktop","userAgent":"Mozilla/5.0 (Macintosh; Intel Mac OS X 10_10_2) AppleWebKit/614.24 (KHTML, like Gecko) Version/12.3.54 Safari/614.24","type":"default"},{"blockName":"core/heading","attrs":{"data":[]},"innerBlocks":[],"innerHTML":"\n\u003ch2\u003eWhy Should You Trade Options?\u003c/h2\u003e\n","tag":"h2","id":"why-should-you-trade-options","html":"Why Should You Trade Options?","deviceType":"desktop","userAgent":"Mozilla/5.0 (Macintosh; Intel Mac OS X 10_10_2) AppleWebKit/614.24 (KHTML, like Gecko) Version/12.3.54 Safari/614.24","type":"default"},{"blockName":"core/paragraph","attrs":{"data":[]},"innerBlocks":[],"innerHTML":"\n\u003cp\u003eTrading options can enhance your investment portfolio. Unlike traditional stock trading, options offer unique opportunities. They allow investors to take advantage of market movements without fully investing in the underlying asset. This guide will cover the benefits of options trading. These include potential for higher returns, risk management, and income generation through premium collection. By understanding options, traders can maximize profits while managing risk. Whether you are an experienced investor or new to the financial markets, trading options can be a smart choice.\u003c/p\u003e\n","html":"Trading options can enhance your investment portfolio. Unlike traditional stock trading, options offer unique opportunities. They allow investors to take advantage of market movements without fully investing in the underlying asset. This guide will cover the benefits of options trading. These include potential for higher returns, risk management, and income generation through premium collection. By understanding options, traders can maximize profits while managing risk. Whether you are an experienced investor or new to the financial markets, trading options can be a smart choice.","tag":"p","deviceType":"desktop","userAgent":"Mozilla/5.0 (Macintosh; Intel Mac OS X 10_10_2) AppleWebKit/614.24 (KHTML, like Gecko) Version/12.3.54 Safari/614.24","type":"default"},{"blockName":"core/heading","attrs":{"level":3,"data":[]},"innerBlocks":[],"innerHTML":"\n\u003ch3\u003eLeverage\u003c/h3\u003e\n","tag":"h3","id":"leverage","html":"Leverage","deviceType":"desktop","userAgent":"Mozilla/5.0 (Macintosh; Intel Mac OS X 10_10_2) AppleWebKit/614.24 (KHTML, like Gecko) Version/12.3.54 Safari/614.24","type":"default"},{"blockName":"core/paragraph","attrs":{"data":[]},"innerBlocks":[],"innerHTML":"\n\u003cp\u003eOptions trading provides significant leverage. This allows investors to control large positions with a smaller investment. For instance, if you expect Apple Inc. (NASDAQ: AAPL) shares to rise from $118, you can buy a December $120 \u003ca href=\"https://www.benzinga.com/money/what-are-stock-options\"\u003ecall option\u003c/a\u003e. This option gives you the right to buy 100 shares. At a cost of $7 per option, your total investment would be $700. This is much less than the $11,800 needed to buy 100 shares directly. Using options, you can increase your potential gains with less capital. However, it's important to consider that the risks are also greater due to the speculative nature of options trading.\u003c/p\u003e\n","html":"Options trading provides significant leverage. This allows investors to control large positions with a smaller investment. For instance, if you expect Apple Inc. (NASDAQ: AAPL) shares to rise from $118, you can buy a December $120 \u003ca href=\"https://www.benzinga.com/money/what-are-stock-options\"\u003ecall option\u003c/a\u003e. This option gives you the right to buy 100 shares. At a cost of $7 per option, your total investment would be $700. This is much less than the $11,800 needed to buy 100 shares directly. Using options, you can increase your potential gains with less capital. However, it's important to consider that the risks are also greater due to the speculative nature of options trading.","tag":"p","deviceType":"desktop","userAgent":"Mozilla/5.0 (Macintosh; Intel Mac OS X 10_10_2) AppleWebKit/614.24 (KHTML, like Gecko) Version/12.3.54 Safari/614.24","type":"default"},{"blockName":"core/heading","attrs":{"level":3,"data":[]},"innerBlocks":[],"innerHTML":"\n\u003ch3\u003eCustomized Risk Profiles\u003c/h3\u003e\n","tag":"h3","id":"customized-risk-profiles","html":"Customized Risk Profiles","deviceType":"desktop","userAgent":"Mozilla/5.0 (Macintosh; Intel Mac OS X 10_10_2) AppleWebKit/614.24 (KHTML, like Gecko) Version/12.3.54 Safari/614.24","type":"default"},{"blockName":"core/paragraph","attrs":{"data":[]},"innerBlocks":[],"innerHTML":"\n\u003cp\u003eOptions trading allows you to adjust your risk profile based on market expectations. Buying a call option indicates a bullish outlook while limiting your risk to the premium paid. For instance, if you buy a call option for Apple and the stock rises to $140 by December expiration, you would make $1,300 after deducting the $7 premium. In contrast, if you had purchased 100 shares outright, your profit would be $2,200. However, if the stock falls to $110, your maximum loss on the option would be the $700 premium. In comparison, buying the stock would lead to an $800 loss. Strategies like a \"straddle\" involve buying both a put and a call option at the same strike price. This allows you to profit from significant price movements in either direction while limiting potential losses to the premiums paid.\u003c/p\u003e\n","html":"Options trading allows you to adjust your risk profile based on market expectations. Buying a call option indicates a bullish outlook while limiting your risk to the premium paid. For instance, if you buy a call option for Apple and the stock rises to $140 by December expiration, you would make $1,300 after deducting the $7 premium. In contrast, if you had purchased 100 shares outright, your profit would be $2,200. However, if the stock falls to $110, your maximum loss on the option would be the $700 premium. In comparison, buying the stock would lead to an $800 loss. Strategies like a \"straddle\" involve buying both a put and a call option at the same strike price. This allows you to profit from significant price movements in either direction while limiting potential losses to the premiums paid.","tag":"p","deviceType":"desktop","userAgent":"Mozilla/5.0 (Macintosh; Intel Mac OS X 10_10_2) AppleWebKit/614.24 (KHTML, like Gecko) Version/12.3.54 Safari/614.24","type":"default"},{"blockName":"core/heading","attrs":{"level":3,"data":[]},"innerBlocks":[],"innerHTML":"\n\u003ch3\u003eAdditional Income\u003c/h3\u003e\n","tag":"h3","id":"additional-income","html":"Additional Income","deviceType":"desktop","userAgent":"Mozilla/5.0 (Macintosh; Intel Mac OS X 10_10_2) AppleWebKit/614.24 (KHTML, like Gecko) Version/12.3.54 Safari/614.24","type":"default"},{"blockName":"core/paragraph","attrs":{"data":[]},"innerBlocks":[],"innerHTML":"\n\u003cp\u003eThe \"covered write\" strategy helps generate additional income. It involves selling call options against a stock position you already own. For example, if you own 100 shares of Apple at $118, you can sell a December $120 call option for $700. If Apple's stock price rises above $120 by expiration, the option will be exercised. You will deliver your shares and earn $200 from the stock's price increase, along with the $700 option premium. This results in a total gain of $900. If the stock price falls, the $700 premium offsets some of your losses. This lowers your breakeven price to $112 per share instead of $118, providing a cushion against declines in the market.\u003c/p\u003e\n","html":"The \"covered write\" strategy helps generate additional income. It involves selling call options against a stock position you already own. For example, if you own 100 shares of Apple at $118, you can sell a December $120 call option for $700. If Apple's stock price rises above $120 by expiration, the option will be exercised. You will deliver your shares and earn $200 from the stock's price increase, along with the $700 option premium. This results in a total gain of $900. If the stock price falls, the $700 premium offsets some of your losses. This lowers your breakeven price to $112 per share instead of $118, providing a cushion against declines in the market.","tag":"p","deviceType":"desktop","userAgent":"Mozilla/5.0 (Macintosh; Intel Mac OS X 10_10_2) AppleWebKit/614.24 (KHTML, like Gecko) Version/12.3.54 Safari/614.24","type":"default"},{"blockName":"core/heading","attrs":{"data":[]},"innerBlocks":[],"innerHTML":"\n\u003ch2\u003eConsiderations Before Trading Options\u003c/h2\u003e\n","tag":"h2","id":"considerations-before-trading-options","html":"Considerations Before Trading Options","deviceType":"desktop","userAgent":"Mozilla/5.0 (Macintosh; Intel Mac OS X 10_10_2) AppleWebKit/614.24 (KHTML, like Gecko) Version/12.3.54 Safari/614.24","type":"default"},{"blockName":"core/paragraph","attrs":{"data":[]},"innerBlocks":[],"innerHTML":"\n\u003cp\u003eBefore starting options trading, you should consider several key factors. Options trading offers unique profit opportunities, but it also carries risks that are different from stock trading. It's important to understand how options work, the related terminology, and possible market scenarios. Additionally, you should evaluate your risk tolerance, investment goals, and market knowledge. This guide will discuss the main considerations for traders before they begin options trading. Being well-prepared will help you make smart decisions that match your goals and financial situation.\u003c/p\u003e\n","html":"Before starting options trading, you should consider several key factors. Options trading offers unique profit opportunities, but it also carries risks that are different from stock trading. It's important to understand how options work, the related terminology, and possible market scenarios. Additionally, you should evaluate your risk tolerance, investment goals, and market knowledge. This guide will discuss the main considerations for traders before they begin options trading. Being well-prepared will help you make smart decisions that match your goals and financial situation.","tag":"p","deviceType":"desktop","userAgent":"Mozilla/5.0 (Macintosh; Intel Mac OS X 10_10_2) AppleWebKit/614.24 (KHTML, like Gecko) Version/12.3.54 Safari/614.24","type":"default"},{"blockName":"core/heading","attrs":{"level":3,"data":[]},"innerBlocks":[],"innerHTML":"\n\u003ch3\u003eOptions Expiration\u003c/h3\u003e\n","tag":"h3","id":"options-expiration","html":"Options Expiration","deviceType":"desktop","userAgent":"Mozilla/5.0 (Macintosh; Intel Mac OS X 10_10_2) AppleWebKit/614.24 (KHTML, like Gecko) Version/12.3.54 Safari/614.24","type":"default"},{"blockName":"core/paragraph","attrs":{"data":[]},"innerBlocks":[],"innerHTML":"\n\u003cp\u003eOptions contracts have a limited lifespan and expire on a specific date. Timing is crucial when trading options. You need to predict both the market direction and the option’s expiration date. If your options expire \"in the money,\" they will often be exercised if you own them. If you sold the option, it may be assigned to you. This could mean acquiring or delivering the underlying asset. If you're not prepared to manage that position, it could require significant capital. Therefore, monitoring expiration dates is important. Be ready to adjust your strategy or exit the trade before expiration, especially if you cannot take on the underlying asset.\u003c/p\u003e\n","html":"Options contracts have a limited lifespan and expire on a specific date. Timing is crucial when trading options. You need to predict both the market direction and the option’s expiration date. If your options expire \"in the money,\" they will often be exercised if you own them. If you sold the option, it may be assigned to you. This could mean acquiring or delivering the underlying asset. If you're not prepared to manage that position, it could require significant capital. Therefore, monitoring expiration dates is important. Be ready to adjust your strategy or exit the trade before expiration, especially if you cannot take on the underlying asset.","tag":"p","deviceType":"desktop","userAgent":"Mozilla/5.0 (Macintosh; Intel Mac OS X 10_10_2) AppleWebKit/614.24 (KHTML, like Gecko) Version/12.3.54 Safari/614.24","type":"default"},{"blockName":"core/heading","attrs":{"level":3,"data":[]},"innerBlocks":[],"innerHTML":"\n\u003ch3\u003eNo Dividends on Long Positions\u003c/h3\u003e\n","tag":"h3","id":"no-dividends-on-long-positions","html":"No Dividends on Long Positions","deviceType":"desktop","userAgent":"Mozilla/5.0 (Macintosh; Intel Mac OS X 10_10_2) AppleWebKit/614.24 (KHTML, like Gecko) Version/12.3.54 Safari/614.24","type":"default"},{"blockName":"core/paragraph","attrs":{"data":[]},"innerBlocks":[],"innerHTML":"\n\u003cp\u003eWhen you hold a long call option on a stock, you do not receive dividends. Dividends are paid only to actual stockholders on the record date for dividends. To receive the dividend, you must exercise your call option and own the stock before the ex-dividend date. The ex-dividend date is usually set several weeks before the dividend is paid. It is important to consider the timing. If you do not exercise your option before the ex-dividend date, you will miss the dividend. This can affect the overall return on your options strategy, especially for stocks with high dividend yields.\u003c/p\u003e\n","html":"When you hold a long call option on a stock, you do not receive dividends. Dividends are paid only to actual stockholders on the record date for dividends. To receive the dividend, you must exercise your call option and own the stock before the ex-dividend date. The ex-dividend date is usually set several weeks before the dividend is paid. It is important to consider the timing. If you do not exercise your option before the ex-dividend date, you will miss the dividend. This can affect the overall return on your options strategy, especially for stocks with high dividend yields.","tag":"p","deviceType":"desktop","userAgent":"Mozilla/5.0 (Macintosh; Intel Mac OS X 10_10_2) AppleWebKit/614.24 (KHTML, like Gecko) Version/12.3.54 Safari/614.24","type":"default"},{"blockName":"core/heading","attrs":{"level":3,"data":[]},"innerBlocks":[],"innerHTML":"\n\u003ch3\u003eAdded Complexity\u003c/h3\u003e\n","tag":"h3","id":"added-complexity","html":"Added Complexity","deviceType":"desktop","userAgent":"Mozilla/5.0 (Macintosh; Intel Mac OS X 10_10_2) AppleWebKit/614.24 (KHTML, like Gecko) Version/12.3.54 Safari/614.24","type":"default"},{"blockName":"core/paragraph","attrs":{"data":[]},"innerBlocks":[],"innerHTML":"\n\u003cp\u003eOptions trading adds complexity beyond just buying or selling assets. It differs from simple stock transactions. Options involve various strategies. These include covered calls, straddles, and spreads. Each strategy has its own risk-reward profile and technical details. To trade options successfully, one must understand key concepts. These include time decay, implied volatility, strike prices, and expiration dates. Without proper education and experience, traders may face significant losses. Therefore, it is important for traders to learn the mechanics and strategies of options. This knowledge can help minimize potential risks.\u003c/p\u003e\n","html":"Options trading adds complexity beyond just buying or selling assets. It differs from simple stock transactions. Options involve various strategies. These include covered calls, straddles, and spreads. Each strategy has its own risk-reward profile and technical details. To trade options successfully, one must understand key concepts. These include time decay, implied volatility, strike prices, and expiration dates. Without proper education and experience, traders may face significant losses. Therefore, it is important for traders to learn the mechanics and strategies of options. This knowledge can help minimize potential risks.","tag":"p","deviceType":"desktop","userAgent":"Mozilla/5.0 (Macintosh; Intel Mac OS X 10_10_2) AppleWebKit/614.24 (KHTML, like Gecko) Version/12.3.54 Safari/614.24","type":"default"},{"blockName":"core/heading","attrs":{"data":[]},"innerBlocks":[],"innerHTML":"\n\u003ch2\u003eTypes of Options\u003c/h2\u003e\n","tag":"h2","id":"types-of-options","html":"Types of Options","deviceType":"desktop","userAgent":"Mozilla/5.0 (Macintosh; Intel Mac OS X 10_10_2) AppleWebKit/614.24 (KHTML, like Gecko) Version/12.3.54 Safari/614.24","type":"default"},{"blockName":"core/paragraph","attrs":{"data":[]},"innerBlocks":[],"innerHTML":"\n\u003cp\u003eIf you want to trade options, you'll need to understand the different types of options. Even though the options we talk about below seem like they're related to geography, understand that geography has nothing to do with it.\u003c/p\u003e\n","html":"If you want to trade options, you'll need to understand the different types of options. Even though the options we talk about below seem like they're related to geography, understand that geography has nothing to do with it.","tag":"p","deviceType":"desktop","userAgent":"Mozilla/5.0 (Macintosh; Intel Mac OS X 10_10_2) AppleWebKit/614.24 (KHTML, like Gecko) Version/12.3.54 Safari/614.24","type":"default"},{"blockName":"core/heading","attrs":{"level":3,"data":[]},"innerBlocks":[],"innerHTML":"\n\u003ch3\u003eAmerican Options\u003c/h3\u003e\n","tag":"h3","id":"american-options","html":"American Options","deviceType":"desktop","userAgent":"Mozilla/5.0 (Macintosh; Intel Mac OS X 10_10_2) AppleWebKit/614.24 (KHTML, like Gecko) Version/12.3.54 Safari/614.24","type":"default"},{"blockName":"core/paragraph","attrs":{"data":[]},"innerBlocks":[],"innerHTML":"\n\u003cp\u003eAmerican options provide significant flexibility, enabling exercise at any time from the purchase date up to the expiration date. As a result of this flexibility, American options usually have a higher premium. Traders prefer these options because they can respond to price changes throughout the duration of the contract.\u003c/p\u003e\n","html":"American options provide significant flexibility, enabling exercise at any time from the purchase date up to the expiration date. As a result of this flexibility, American options usually have a higher premium. Traders prefer these options because they can respond to price changes throughout the duration of the contract.","tag":"p","deviceType":"desktop","userAgent":"Mozilla/5.0 (Macintosh; Intel Mac OS X 10_10_2) AppleWebKit/614.24 (KHTML, like Gecko) Version/12.3.54 Safari/614.24","type":"default"},{"blockName":"core/heading","attrs":{"level":3,"data":[]},"innerBlocks":[],"innerHTML":"\n\u003ch3\u003eEuropean Options\u003c/h3\u003e\n","tag":"h3","id":"european-options","html":"European Options","deviceType":"desktop","userAgent":"Mozilla/5.0 (Macintosh; Intel Mac OS X 10_10_2) AppleWebKit/614.24 (KHTML, like Gecko) Version/12.3.54 Safari/614.24","type":"default"},{"blockName":"core/paragraph","attrs":{"data":[]},"innerBlocks":[],"innerHTML":"\n\u003cp\u003eEuropean options differ from American options in that they can only be exercised at one specific time, which is near or at the expiration date. Although these options have more limitations regarding timing, they typically have lower premiums than American options, making them a more budget-friendly option for certain traders.\u003c/p\u003e\n","html":"European options differ from American options in that they can only be exercised at one specific time, which is near or at the expiration date. Although these options have more limitations regarding timing, they typically have lower premiums than American options, making them a more budget-friendly option for certain traders.","tag":"p","deviceType":"desktop","userAgent":"Mozilla/5.0 (Macintosh; Intel Mac OS X 10_10_2) AppleWebKit/614.24 (KHTML, like Gecko) Version/12.3.54 Safari/614.24","type":"default"},{"blockName":"core/heading","attrs":{"level":3,"data":[]},"innerBlocks":[],"innerHTML":"\n\u003ch3\u003eExotic Options\u003c/h3\u003e\n","tag":"h3","id":"exotic-options","html":"Exotic Options","deviceType":"desktop","userAgent":"Mozilla/5.0 (Macintosh; Intel Mac OS X 10_10_2) AppleWebKit/614.24 (KHTML, like Gecko) Version/12.3.54 Safari/614.24","type":"default"},{"blockName":"core/paragraph","attrs":{"data":[]},"innerBlocks":[],"innerHTML":"\n\u003cp\u003eExotic options offer greater flexibility and customization. They can have complex structures with different expiration dates and payment models. These options are designed for more advanced traders who seek tailored strategies. Exotic options allow adjustments to the strike price and the creation of unique payoff structures. This versatility is not available with standard American or European options.\u003c/p\u003e\n","html":"Exotic options offer greater flexibility and customization. They can have complex structures with different expiration dates and payment models. These options are designed for more advanced traders who seek tailored strategies. Exotic options allow adjustments to the strike price and the creation of unique payoff structures. This versatility is not available with standard American or European options.","tag":"p","deviceType":"desktop","userAgent":"Mozilla/5.0 (Macintosh; Intel Mac OS X 10_10_2) AppleWebKit/614.24 (KHTML, like Gecko) Version/12.3.54 Safari/614.24","type":"default"},{"blockName":"core/paragraph","attrs":{"data":[]},"innerBlocks":[],"innerHTML":"\n\u003cp\u003eYou'll also need to understand the \u003ca href=\"https://www.benzinga.com/money/puts-vs-calls\"\u003edifference between call and put options\u003c/a\u003e:\u003c/p\u003e\n","html":"You'll also need to understand the \u003ca href=\"https://www.benzinga.com/money/puts-vs-calls\"\u003edifference between call and put options\u003c/a\u003e:","tag":"p","deviceType":"desktop","userAgent":"Mozilla/5.0 (Macintosh; Intel Mac OS X 10_10_2) AppleWebKit/614.24 (KHTML, like Gecko) Version/12.3.54 Safari/614.24","type":"default"},{"blockName":"core/list","attrs":{"data":[]},"innerBlocks":[{"blockName":"core/list-item","attrs":[],"innerBlocks":[],"innerHTML":"\n\u003cli\u003eA call option gives you the right to buy a stock.\u003c/li\u003e\n","innerContent":["\n\u003cli\u003eA call option gives you the right to buy a stock.\u003c/li\u003e\n"]},{"blockName":"core/list-item","attrs":[],"innerBlocks":[],"innerHTML":"\n\u003cli\u003eA put option gives you the right to sell a stock.\u003c/li\u003e\n","innerContent":["\n\u003cli\u003eA put option gives you the right to sell a stock.\u003c/li\u003e\n"]}],"innerHTML":"\u003cul\u003e\u003cli\u003eA call option gives you the right to buy a stock.\u003c/li\u003e\u003cli\u003eA put option gives you the right to sell a stock.\u003c/li\u003e\u003c/ul\u003e","tag":"ul","html":"\u003cli\u003eA call option gives you the right to buy a stock.\u003c/li\u003e\u003cli\u003eA put option gives you the right to sell a stock.\u003c/li\u003e","deviceType":"desktop","userAgent":"Mozilla/5.0 (Macintosh; Intel Mac OS X 10_10_2) AppleWebKit/614.24 (KHTML, like Gecko) Version/12.3.54 Safari/614.24","type":"default"},{"blockName":"core/heading","attrs":{"data":[]},"innerBlocks":[],"innerHTML":"\n\u003ch2 id=\"call-option-example\"\u003eCall Option Example\u0026nbsp;\u003c/h2\u003e\n","tag":"h2","id":"call-option-examplenbsp","html":"Call Option Example\u0026nbsp;","deviceType":"desktop","userAgent":"Mozilla/5.0 (Macintosh; Intel Mac OS X 10_10_2) AppleWebKit/614.24 (KHTML, like Gecko) Version/12.3.54 Safari/614.24","type":"default"},{"blockName":"core/paragraph","attrs":{"data":[]},"innerBlocks":[],"innerHTML":"\n\u003cp\u003eThis example will help demonstrate how call options work. Let's say there's a new business opening up in your town. It seems like it's going to be a profitable business with a lot of potential. You're considering offering to buy the business with the hopes of getting in at the start of something big. Of course, this is a risk on your part.\u003c/p\u003e\n","html":"This example will help demonstrate how call options work. Let's say there's a new business opening up in your town. It seems like it's going to be a profitable business with a lot of potential. You're considering offering to buy the business with the hopes of getting in at the start of something big. Of course, this is a risk on your part.","tag":"p","deviceType":"desktop","userAgent":"Mozilla/5.0 (Macintosh; Intel Mac OS X 10_10_2) AppleWebKit/614.24 (KHTML, like Gecko) Version/12.3.54 Safari/614.24","type":"default"},{"blockName":"core/paragraph","attrs":{"data":[]},"innerBlocks":[],"innerHTML":"\n\u003cp\u003eEven though the business shows a lot of potential, there's no way to know how things will turn out. This is where call options would benefit you. If you could buy a call option on the business, you could offer to purchase the business at $500,000 sometime in the next five years.\u003c/p\u003e\n","html":"Even though the business shows a lot of potential, there's no way to know how things will turn out. This is where call options would benefit you. If you could buy a call option on the business, you could offer to purchase the business at $500,000 sometime in the next five years.","tag":"p","deviceType":"desktop","userAgent":"Mozilla/5.0 (Macintosh; Intel Mac OS X 10_10_2) AppleWebKit/614.24 (KHTML, like Gecko) Version/12.3.54 Safari/614.24","type":"default"},{"blockName":"core/paragraph","attrs":{"data":[]},"innerBlocks":[],"innerHTML":"\n\u003cp\u003eNow, the current owner of the business would want to know you're serious. So imagine that they would require a down payment of $50,000. If this were an options contract, that down payment would be referred to as the premium. The premium is the price of the option contract.\u003c/p\u003e\n","html":"Now, the current owner of the business would want to know you're serious. So imagine that they would require a down payment of $50,000. If this were an options contract, that down payment would be referred to as the premium. The premium is the price of the option contract.","tag":"p","deviceType":"desktop","userAgent":"Mozilla/5.0 (Macintosh; Intel Mac OS X 10_10_2) AppleWebKit/614.24 (KHTML, like Gecko) Version/12.3.54 Safari/614.24","type":"default"},{"blockName":"core/paragraph","attrs":{"data":[]},"innerBlocks":[],"innerHTML":"\n\u003cp\u003eNow let's fast forward two years. The business is booming, and it is now worth closer to $1 million. You decide at this point that you want to go ahead and exercise your option to purchase the business for $500,000. You can do this even though it is less than the current value of the business because you locked in the price with your down payment.\u003c/p\u003e\n","html":"Now let's fast forward two years. The business is booming, and it is now worth closer to $1 million. You decide at this point that you want to go ahead and exercise your option to purchase the business for $500,000. You can do this even though it is less than the current value of the business because you locked in the price with your down payment.","tag":"p","deviceType":"desktop","userAgent":"Mozilla/5.0 (Macintosh; Intel Mac OS X 10_10_2) AppleWebKit/614.24 (KHTML, like Gecko) Version/12.3.54 Safari/614.24","type":"default"},{"blockName":"core/table","attrs":{"data":[]},"innerBlocks":[],"innerHTML":"\n\u003cfigure class=\"wp-block-table\"\u003e\u003ctable\u003e\u003ctbody\u003e\u003ctr\u003e\u003cth\u003e\u003c/th\u003e\u003cth\u003e\u003cstrong\u003eStart of Contract\u003c/strong\u003e\u003c/th\u003e\u003cth\u003e\u003cstrong\u003e2 Years Later\u003c/strong\u003e\u003c/th\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd\u003e\u003cstrong\u003eValue of Business\u003c/strong\u003e\u003c/td\u003e\u003ctd\u003eUndetermined\u003c/td\u003e\u003ctd\u003e$950,000\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd\u003e\u003cstrong\u003eYour Price\u003c/strong\u003e\u003c/td\u003e\u003ctd\u003e$50,000 down payment\u003c/td\u003e\u003ctd\u003e$500,000\u003c/td\u003e\u003c/tr\u003e\u003c/tbody\u003e\u003c/table\u003e\u003c/figure\u003e\n","tag":"table","html":"\u003ctbody\u003e\u003ctr\u003e\u003cth\u003e\u003c/th\u003e\u003cth\u003e\u003cstrong\u003eStart of Contract\u003c/strong\u003e\u003c/th\u003e\u003cth\u003e\u003cstrong\u003e2 Years Later\u003c/strong\u003e\u003c/th\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd\u003e\u003cstrong\u003eValue of Business\u003c/strong\u003e\u003c/td\u003e\u003ctd\u003eUndetermined\u003c/td\u003e\u003ctd\u003e$950,000\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd\u003e\u003cstrong\u003eYour Price\u003c/strong\u003e\u003c/td\u003e\u003ctd\u003e$50,000 down payment\u003c/td\u003e\u003ctd\u003e$500,000\u003c/td\u003e\u003c/tr\u003e\u003c/tbody\u003e","deviceType":"desktop","userAgent":"Mozilla/5.0 (Macintosh; Intel Mac OS X 10_10_2) AppleWebKit/614.24 (KHTML, like Gecko) Version/12.3.54 Safari/614.24","type":"default"},{"blockName":"core/heading","attrs":{"data":[]},"innerBlocks":[],"innerHTML":"\n\u003ch2 id=\"put-option-example\"\u003ePut Option Example\u0026nbsp;\u003c/h2\u003e\n","tag":"h2","id":"put-option-examplenbsp","html":"Put Option Example\u0026nbsp;","deviceType":"desktop","userAgent":"Mozilla/5.0 (Macintosh; Intel Mac OS X 10_10_2) AppleWebKit/614.24 (KHTML, like Gecko) Version/12.3.54 Safari/614.24","type":"default"},{"blockName":"core/paragraph","attrs":{"data":[]},"innerBlocks":[],"innerHTML":"\n\u003cp\u003eYou might want to have an option to sell your asset at a set price if you fear that your asset's worth might plummet. This will allow you to protect yourself from losing a larger amount of money.\u003c/p\u003e\n","html":"You might want to have an option to sell your asset at a set price if you fear that your asset's worth might plummet. This will allow you to protect yourself from losing a larger amount of money.","tag":"p","deviceType":"desktop","userAgent":"Mozilla/5.0 (Macintosh; Intel Mac OS X 10_10_2) AppleWebKit/614.24 (KHTML, like Gecko) Version/12.3.54 Safari/614.24","type":"default"},{"blockName":"core/paragraph","attrs":{"data":[]},"innerBlocks":[],"innerHTML":"\n\u003cp\u003eSo how do put options work? Let's say that you fear that your\u0026nbsp;\u003ca target=\"_blank\" href=\"https://www.benzinga.com/money/how-to-buy-apple-stock/\" rel=\"noopener\" data-lasso-id=\"51705\"\u003estock in Apple\u003c/a\u003e\u0026nbsp;is about to become much less valuable. So you decide to take out the option to sell it, just in case. It's currently trading at $3,000, so you decide to take out the option to sell it at $2,700 at any time in the next three years.\u003c/p\u003e\n","html":"So how do put options work? Let's say that you fear that your\u0026nbsp;\u003ca target=\"_blank\" href=\"https://www.benzinga.com/money/how-to-buy-apple-stock/\" rel=\"noopener\" data-lasso-id=\"51705\"\u003estock in Apple\u003c/a\u003e\u0026nbsp;is about to become much less valuable. So you decide to take out the option to sell it, just in case. It's currently trading at $3,000, so you decide to take out the option to sell it at $2,700 at any time in the next three years.","tag":"p","deviceType":"desktop","userAgent":"Mozilla/5.0 (Macintosh; Intel Mac OS X 10_10_2) AppleWebKit/614.24 (KHTML, like Gecko) Version/12.3.54 Safari/614.24","type":"default"},{"blockName":"core/paragraph","attrs":{"data":[]},"innerBlocks":[],"innerHTML":"\n\u003cp\u003eYou'll have to pay the premium. Let's say that's $300 in this case. So if you decide not to sell, you'll lose this $300 but you've probably gained much more by keeping your stock. If you're right and the stock plummets, you can sell it for the $2,700 you locked in, even if it's only selling at $2,200 when you sell it.\u003c/p\u003e\n","html":"You'll have to pay the premium. Let's say that's $300 in this case. So if you decide not to sell, you'll lose this $300 but you've probably gained much more by keeping your stock. If you're right and the stock plummets, you can sell it for the $2,700 you locked in, even if it's only selling at $2,200 when you sell it.","tag":"p","deviceType":"desktop","userAgent":"Mozilla/5.0 (Macintosh; Intel Mac OS X 10_10_2) AppleWebKit/614.24 (KHTML, like Gecko) Version/12.3.54 Safari/614.24","type":"default"},{"blockName":"core/table","attrs":{"data":[]},"innerBlocks":[],"innerHTML":"\n\u003cfigure class=\"wp-block-table\"\u003e\u003ctable\u003e\u003ctbody\u003e\u003ctr\u003e\u003cth\u003e\u003c/th\u003e\u003cth\u003e\u003cstrong\u003eStart of Contract\u003c/strong\u003e\u003c/th\u003e\u003cth\u003e\u003cstrong\u003e2 Years Later\u003c/strong\u003e\u003c/th\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd\u003e\u003cstrong\u003eStock Price\u003c/strong\u003e\u003c/td\u003e\u003ctd\u003e$3,000\u003c/td\u003e\u003ctd\u003e$2,200\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd\u003e\u003cstrong\u003eYour Price\u003c/strong\u003e\u003c/td\u003e\u003ctd\u003e$300 down payment\u003c/td\u003e\u003ctd\u003e$2,700\u003c/td\u003e\u003c/tr\u003e\u003c/tbody\u003e\u003c/table\u003e\u003c/figure\u003e\n","tag":"table","html":"\u003ctbody\u003e\u003ctr\u003e\u003cth\u003e\u003c/th\u003e\u003cth\u003e\u003cstrong\u003eStart of Contract\u003c/strong\u003e\u003c/th\u003e\u003cth\u003e\u003cstrong\u003e2 Years Later\u003c/strong\u003e\u003c/th\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd\u003e\u003cstrong\u003eStock Price\u003c/strong\u003e\u003c/td\u003e\u003ctd\u003e$3,000\u003c/td\u003e\u003ctd\u003e$2,200\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd\u003e\u003cstrong\u003eYour Price\u003c/strong\u003e\u003c/td\u003e\u003ctd\u003e$300 down payment\u003c/td\u003e\u003ctd\u003e$2,700\u003c/td\u003e\u003c/tr\u003e\u003c/tbody\u003e","deviceType":"desktop","userAgent":"Mozilla/5.0 (Macintosh; Intel Mac OS X 10_10_2) AppleWebKit/614.24 (KHTML, like Gecko) Version/12.3.54 Safari/614.24","type":"default"},{"blockName":"core/heading","attrs":{"data":[]},"innerBlocks":[],"innerHTML":"\n\u003ch2\u003eOptions Tables\u003c/h2\u003e\n","tag":"h2","id":"options-tables","html":"Options Tables","deviceType":"desktop","userAgent":"Mozilla/5.0 (Macintosh; Intel Mac OS X 10_10_2) AppleWebKit/614.24 (KHTML, like Gecko) Version/12.3.54 Safari/614.24","type":"default"},{"blockName":"core/paragraph","attrs":{"data":[]},"innerBlocks":[],"innerHTML":"\n\u003cp\u003eThough an options table might look intimidating, the truth is that they're relatively easy to read once you know what each abbreviation means. Here are a few of the most common sections you'll see on an options table:\u003c/p\u003e\n","html":"Though an options table might look intimidating, the truth is that they're relatively easy to read once you know what each abbreviation means. Here are a few of the most common sections you'll see on an options table:","tag":"p","deviceType":"desktop","userAgent":"Mozilla/5.0 (Macintosh; Intel Mac OS X 10_10_2) AppleWebKit/614.24 (KHTML, like Gecko) Version/12.3.54 Safari/614.24","type":"default"},{"blockName":"core/heading","attrs":{"level":3,"data":[]},"innerBlocks":[],"innerHTML":"\n\u003ch3\u003eSymbol\u003c/h3\u003e\n","tag":"h3","id":"symbol","html":"Symbol","deviceType":"desktop","userAgent":"Mozilla/5.0 (Macintosh; Intel Mac OS X 10_10_2) AppleWebKit/614.24 (KHTML, like Gecko) Version/12.3.54 Safari/614.24","type":"default"},{"blockName":"core/paragraph","attrs":{"data":[]},"innerBlocks":[],"innerHTML":"\n\u003cp\u003eThe ticker symbol for the underlying asset the option represents.\u003c/p\u003e\n","html":"The ticker symbol for the underlying asset the option represents.","tag":"p","deviceType":"desktop","userAgent":"Mozilla/5.0 (Macintosh; Intel Mac OS X 10_10_2) AppleWebKit/614.24 (KHTML, like Gecko) Version/12.3.54 Safari/614.24","type":"default"},{"blockName":"core/heading","attrs":{"level":3,"data":[]},"innerBlocks":[],"innerHTML":"\n\u003ch3\u003eLast\u003c/h3\u003e\n","tag":"h3","id":"last","html":"Last","deviceType":"desktop","userAgent":"Mozilla/5.0 (Macintosh; Intel Mac OS X 10_10_2) AppleWebKit/614.24 (KHTML, like Gecko) Version/12.3.54 Safari/614.24","type":"default"},{"blockName":"core/paragraph","attrs":{"data":[]},"innerBlocks":[],"innerHTML":"\n\u003cp\u003eThe most recent posted trade price for each share of stock.\u003c/p\u003e\n","html":"The most recent posted trade price for each share of stock.","tag":"p","deviceType":"desktop","userAgent":"Mozilla/5.0 (Macintosh; Intel Mac OS X 10_10_2) AppleWebKit/614.24 (KHTML, like Gecko) Version/12.3.54 Safari/614.24","type":"default"},{"blockName":"core/heading","attrs":{"level":3,"data":[]},"innerBlocks":[],"innerHTML":"\n\u003ch3\u003eChange\u003c/h3\u003e\n","tag":"h3","id":"change","html":"Change","deviceType":"desktop","userAgent":"Mozilla/5.0 (Macintosh; Intel Mac OS X 10_10_2) AppleWebKit/614.24 (KHTML, like Gecko) Version/12.3.54 Safari/614.24","type":"default"},{"blockName":"core/paragraph","attrs":{"data":[]},"innerBlocks":[],"innerHTML":"\n\u003cp\u003eShows how much the last trade varied from the previous day's closing price.\u003c/p\u003e\n","html":"Shows how much the last trade varied from the previous day's closing price.","tag":"p","deviceType":"desktop","userAgent":"Mozilla/5.0 (Macintosh; Intel Mac OS X 10_10_2) AppleWebKit/614.24 (KHTML, like Gecko) Version/12.3.54 Safari/614.24","type":"default"},{"blockName":"core/heading","attrs":{"level":3,"data":[]},"innerBlocks":[],"innerHTML":"\n\u003ch3\u003eBid\u003c/h3\u003e\n","tag":"h3","id":"bid","html":"Bid","deviceType":"desktop","userAgent":"Mozilla/5.0 (Macintosh; Intel Mac OS X 10_10_2) AppleWebKit/614.24 (KHTML, like Gecko) Version/12.3.54 Safari/614.24","type":"default"},{"blockName":"core/paragraph","attrs":{"data":[]},"innerBlocks":[],"innerHTML":"\n\u003cp\u003eThe latest price at which you can sell an option.\u003c/p\u003e\n","html":"The latest price at which you can sell an option.","tag":"p","deviceType":"desktop","userAgent":"Mozilla/5.0 (Macintosh; Intel Mac OS X 10_10_2) AppleWebKit/614.24 (KHTML, like Gecko) Version/12.3.54 Safari/614.24","type":"default"},{"blockName":"core/heading","attrs":{"level":3,"data":[]},"innerBlocks":[],"innerHTML":"\n\u003ch3\u003eAsk\u003c/h3\u003e\n","tag":"h3","id":"ask","html":"Ask","deviceType":"desktop","userAgent":"Mozilla/5.0 (Macintosh; Intel Mac OS X 10_10_2) AppleWebKit/614.24 (KHTML, like Gecko) Version/12.3.54 Safari/614.24","type":"default"},{"blockName":"core/paragraph","attrs":{"data":[]},"innerBlocks":[],"innerHTML":"\n\u003cp\u003eThe latest price at which you can buy an option.\u003c/p\u003e\n","html":"The latest price at which you can buy an option.","tag":"p","deviceType":"desktop","userAgent":"Mozilla/5.0 (Macintosh; Intel Mac OS X 10_10_2) AppleWebKit/614.24 (KHTML, like Gecko) Version/12.3.54 Safari/614.24","type":"default"},{"blockName":"core/heading","attrs":{"level":3,"data":[]},"innerBlocks":[],"innerHTML":"\n\u003ch3\u003eVolume\u003c/h3\u003e\n","tag":"h3","id":"volume","html":"Volume","deviceType":"desktop","userAgent":"Mozilla/5.0 (Macintosh; Intel Mac OS X 10_10_2) AppleWebKit/614.24 (KHTML, like Gecko) Version/12.3.54 Safari/614.24","type":"default"},{"blockName":"core/paragraph","attrs":{"data":[]},"innerBlocks":[],"innerHTML":"\n\u003cp\u003eTells you how many contracts of an option were traded during the current session.\u003c/p\u003e\n","html":"Tells you how many contracts of an option were traded during the current session.","tag":"p","deviceType":"desktop","userAgent":"Mozilla/5.0 (Macintosh; Intel Mac OS X 10_10_2) AppleWebKit/614.24 (KHTML, like Gecko) Version/12.3.54 Safari/614.24","type":"default"},{"blockName":"core/heading","attrs":{"level":3,"data":[]},"innerBlocks":[],"innerHTML":"\n\u003ch3\u003eOpen Interest\u003c/h3\u003e\n","tag":"h3","id":"open-interest","html":"Open Interest","deviceType":"desktop","userAgent":"Mozilla/5.0 (Macintosh; Intel Mac OS X 10_10_2) AppleWebKit/614.24 (KHTML, like Gecko) Version/12.3.54 Safari/614.24","type":"default"},{"blockName":"core/paragraph","attrs":{"data":[]},"innerBlocks":[],"innerHTML":"\n\u003cp\u003eIndicates the total number of contracts for a particular option that have been opened. This number decreases as open options are closed out.\u003c/p\u003e\n","html":"Indicates the total number of contracts for a particular option that have been opened. This number decreases as open options are closed out.","tag":"p","deviceType":"desktop","userAgent":"Mozilla/5.0 (Macintosh; Intel Mac OS X 10_10_2) AppleWebKit/614.24 (KHTML, like Gecko) Version/12.3.54 Safari/614.24","type":"default"},{"blockName":"core/heading","attrs":{"level":3,"data":[]},"innerBlocks":[],"innerHTML":"\n\u003ch3\u003eStrike Price\u003c/h3\u003e\n","tag":"h3","id":"strike-price","html":"Strike Price","deviceType":"desktop","userAgent":"Mozilla/5.0 (Macintosh; Intel Mac OS X 10_10_2) AppleWebKit/614.24 (KHTML, like Gecko) Version/12.3.54 Safari/614.24","type":"default"},{"blockName":"core/paragraph","attrs":{"data":[]},"innerBlocks":[],"innerHTML":"\n\u003cp\u003eThe strike price is the price at which you can buy or sell the stock if you choose to exercise the contract after purchase.\u003c/p\u003e\n","html":"The strike price is the price at which you can buy or sell the stock if you choose to exercise the contract after purchase.","tag":"p","deviceType":"desktop","userAgent":"Mozilla/5.0 (Macintosh; Intel Mac OS X 10_10_2) AppleWebKit/614.24 (KHTML, like Gecko) Version/12.3.54 Safari/614.24","type":"default"},{"blockName":"core/heading","attrs":{"data":[]},"innerBlocks":[],"innerHTML":"\n\u003ch2\u003eMost Profitable Option Strategy\u003c/h2\u003e\n","tag":"h2","id":"most-profitable-option-strategy","html":"Most Profitable Option Strategy","deviceType":"desktop","userAgent":"Mozilla/5.0 (Macintosh; Intel Mac OS X 10_10_2) AppleWebKit/614.24 (KHTML, like Gecko) Version/12.3.54 Safari/614.24","type":"default"},{"blockName":"core/paragraph","attrs":{"data":[]},"innerBlocks":[],"innerHTML":"\n\u003cp\u003eThere are many different options trading strategies and the strategy that will be best for you may vary depending on your position and the stocks you're trading. One of the most popular strategies is the \"covered call.\"\u003c/p\u003e\n","html":"There are many different options trading strategies and the strategy that will be best for you may vary depending on your position and the stocks you're trading. One of the most popular strategies is the \"covered call.\"","tag":"p","deviceType":"desktop","userAgent":"Mozilla/5.0 (Macintosh; Intel Mac OS X 10_10_2) AppleWebKit/614.24 (KHTML, like Gecko) Version/12.3.54 Safari/614.24","type":"default"},{"blockName":"core/paragraph","attrs":{"data":[]},"innerBlocks":[],"innerHTML":"\n\u003cp\u003eWhen you structure a covered call, you sell a call option against shares of stock that you already own. For example, you might sell one call option for every 100 shares of stock that you own. You may even use the premium from your sold calls to accumulate more shares of stock.\u003c/p\u003e\n","html":"When you structure a covered call, you sell a call option against shares of stock that you already own. For example, you might sell one call option for every 100 shares of stock that you own. You may even use the premium from your sold calls to accumulate more shares of stock.","tag":"p","deviceType":"desktop","userAgent":"Mozilla/5.0 (Macintosh; Intel Mac OS X 10_10_2) AppleWebKit/614.24 (KHTML, like Gecko) Version/12.3.54 Safari/614.24","type":"default"},{"blockName":"core/paragraph","attrs":{"data":[]},"innerBlocks":[],"innerHTML":"\n\u003cp\u003eThis is a very popular strategy because it allows you to receive income from your investment portfolio. If the price of the stock increases beyond the call option's strike price, your long stock position covers the losses from the short option position. If the price of the stock falls, then your losses are buffered somewhat by the premium you received for selling the call.\u003c/p\u003e\n","html":"This is a very popular strategy because it allows you to receive income from your investment portfolio. If the price of the stock increases beyond the call option's strike price, your long stock position covers the losses from the short option position. If the price of the stock falls, then your losses are buffered somewhat by the premium you received for selling the call.","tag":"p","deviceType":"desktop","userAgent":"Mozilla/5.0 (Macintosh; Intel Mac OS X 10_10_2) AppleWebKit/614.24 (KHTML, like Gecko) Version/12.3.54 Safari/614.24","type":"default"},{"blockName":"core/heading","attrs":{"data":[]},"innerBlocks":[],"innerHTML":"\n\u003ch2\u003eBenzinga Options Newsletter\u003c/h2\u003e\n","tag":"h2","id":"benzinga-options-newsletter","html":"Benzinga Options Newsletter","deviceType":"desktop","userAgent":"Mozilla/5.0 (Macintosh; Intel Mac OS X 10_10_2) AppleWebKit/614.24 (KHTML, like Gecko) Version/12.3.54 Safari/614.24","type":"default"},{"blockName":"core/paragraph","attrs":{"data":[]},"innerBlocks":[],"innerHTML":"\n\u003cp\u003eWhat are the most important tools that an options trader can have at his or her disposal? Up-to-the-minute price data and professional, hand-picked recommendations. Benzinga's options newsletter is your one-stop shop for the day's top stocks and options you need to be watching. Don't spend hours guessing which stocks to buy — let the professionals deliver their picks straight to your inbox with\u0026nbsp;\u003ca href=\"https://go.benzinga.com/sales-page-187126583617110118712659\" target=\"_blank\" rel=\"noopener\" data-lasso-id=\"51706\"\u003eBenzinga's Stocks to Watch\u003c/a\u003e.\u003c/p\u003e\n","html":"What are the most important tools that an options trader can have at his or her disposal? Up-to-the-minute price data and professional, hand-picked recommendations. Benzinga's options newsletter is your one-stop shop for the day's top stocks and options you need to be watching. Don't spend hours guessing which stocks to buy — let the professionals deliver their picks straight to your inbox with\u0026nbsp;\u003ca href=\"https://go.benzinga.com/sales-page-187126583617110118712659\" target=\"_blank\" rel=\"noopener\" data-lasso-id=\"51706\"\u003eBenzinga's Stocks to Watch\u003c/a\u003e.","tag":"p","deviceType":"desktop","userAgent":"Mozilla/5.0 (Macintosh; Intel Mac OS X 10_10_2) AppleWebKit/614.24 (KHTML, like Gecko) Version/12.3.54 Safari/614.24","type":"default"},{"blockName":"core/heading","attrs":{"data":[]},"innerBlocks":[],"innerHTML":"\n\u003ch2\u003eKnowledge is Power in Options Trading\u003c/h2\u003e\n","tag":"h2","id":"knowledge-is-power-in-options-trading","html":"Knowledge is Power in Options Trading","deviceType":"desktop","userAgent":"Mozilla/5.0 (Macintosh; Intel Mac OS X 10_10_2) AppleWebKit/614.24 (KHTML, like Gecko) Version/12.3.54 Safari/614.24","type":"default"},{"blockName":"core/paragraph","attrs":{"data":[]},"innerBlocks":[],"innerHTML":"\n\u003cp\u003eOptions provide traders with a greater choice of ways to express a market view. Since options can add considerable complexity to your trading activities, however, you will want to educate yourself thoroughly about how to best use them so that they boost your bottom line as a trader.\u003c/p\u003e\n","html":"Options provide traders with a greater choice of ways to express a market view. Since options can add considerable complexity to your trading activities, however, you will want to educate yourself thoroughly about how to best use them so that they boost your bottom line as a trader.","tag":"p","deviceType":"desktop","userAgent":"Mozilla/5.0 (Macintosh; Intel Mac OS X 10_10_2) AppleWebKit/614.24 (KHTML, like Gecko) Version/12.3.54 Safari/614.24","type":"default"},{"blockName":"core/paragraph","attrs":{"data":[]},"innerBlocks":[],"innerHTML":"\n\u003cp\u003eYou may want to take an options trading course, read relevant articles, watch related tutorial videos and even hire an options trading mentor. Your online options broker could also provide you with guides and tips to train yourself, so check to see what it offers.\u003c/p\u003e\n","html":"You may want to take an options trading course, read relevant articles, watch related tutorial videos and even hire an options trading mentor. Your online options broker could also provide you with guides and tips to train yourself, so check to see what it offers.","tag":"p","deviceType":"desktop","userAgent":"Mozilla/5.0 (Macintosh; Intel Mac OS X 10_10_2) AppleWebKit/614.24 (KHTML, like Gecko) Version/12.3.54 Safari/614.24","type":"default"},{"blockName":"acf/cta-placeholder","attrs":{"name":"acf/cta-placeholder","data":{"cta_placeholder_type":"secondary","cta_data":null,"has_placements":true,"placeholder_type":"secondary","widget":null},"align":"","mode":"edit"},"innerBlocks":[],"innerHTML":"","deviceType":"desktop","userAgent":"Mozilla/5.0 (Macintosh; Intel Mac OS X 10_10_2) AppleWebKit/614.24 (KHTML, like Gecko) Version/12.3.54 Safari/614.24","type":"default"},{"blockName":"core/heading","attrs":{"data":[]},"innerBlocks":[],"innerHTML":"\n\u003ch2 id=\"frequently-asked-questions\"\u003eFrequently Asked Questions\u003c/h2\u003e\n","tag":"h2","id":"frequently-asked-questions","html":"Frequently Asked Questions","deviceType":"desktop","userAgent":"Mozilla/5.0 (Macintosh; Intel Mac OS X 10_10_2) AppleWebKit/614.24 (KHTML, like Gecko) Version/12.3.54 Safari/614.24","type":"default"},{"blockName":"acf/faq","attrs":{"name":"acf/faq","data":{"questions":[{"question_text":"What are the risks of options trading?","answer_text":"\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eThe risks in options trading are you can lose the premium you paid for the option. Those who write uncovered calls face unlimited risks when prices start to rise.\u003c/span\u003e\u003c/p\u003e\n","answer_link":"https://www.benzinga.com/widgets/compare-brokers-options","author":"","created_at":"2020-05-20","style":"default"},{"question_text":"What are the best options brokers for beginners?","answer_text":"\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eBenzinga recommends Interactive Brokers, Webull and Moomoo for best options brokers for beginners. \u003c/span\u003e\u003c/p\u003e\n","answer_link":"https://www.benzinga.com/widgets/compare-brokers-options","author":"","created_at":"2020-05-20","style":"default"},{"question_text":"Can you make money trading options?","answer_text":"\u003cp\u003eIt is possible to make money trading options. You can make money if you buy or sell options. However, this strategy carries more risk than many other approaches to investing.\u003c/p\u003e\n","answer_link":"https://www.benzinga.com/widgets/compare-brokers-options","author":"","created_at":"2020-05-20","style":"default"}],"tailwind_layout":false},"align":"","mode":"edit"},"innerBlocks":[],"innerHTML":"","faq":[{"answer_link":"https://www.benzinga.com/widgets/compare-brokers-options","author":"","created_at":"2020-05-20","style":"default","question":"What are the risks of options trading?","answer":"\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eThe risks in options trading are you can lose the premium you paid for the option. Those who write uncovered calls face unlimited risks when prices start to rise.\u003c/span\u003e\u003c/p\u003e\n"},{"answer_link":"https://www.benzinga.com/widgets/compare-brokers-options","author":"","created_at":"2020-05-20","style":"default","question":"What are the best options brokers for beginners?","answer":"\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eBenzinga recommends Interactive Brokers, Webull and Moomoo for best options brokers for beginners. \u003c/span\u003e\u003c/p\u003e\n"},{"answer_link":"https://www.benzinga.com/widgets/compare-brokers-options","author":"","created_at":"2020-05-20","style":"default","question":"Can you make money trading options?","answer":"\u003cp\u003eIt is possible to make money trading options. You can make money if you buy or sell options. However, this strategy carries more risk than many other approaches to investing.\u003c/p\u003e\n"}],"deviceType":"desktop","userAgent":"Mozilla/5.0 (Macintosh; Intel Mac OS X 10_10_2) AppleWebKit/614.24 (KHTML, like Gecko) Version/12.3.54 Safari/614.24","type":"default"}],"campaigns":{"primary":{"has_targeting":true,"placements":[{"id":97625,"type":"campaign","devices":"all-devices","geo_target":""}],"campaigns":{"97625":{"cta_title":"Benzinga Options","cta_description":"We sift through the market for consistent trades so you don't have to. 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You should consider whether you can afford to take the high risk of losing your money.\u003c/strong\u003e\u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003ePlus500 is an online CFD broker focusing on contracts for difference (CFDs). CFDs are similar to binary options in the U.S. where traders take all-or-nothing speculation on the prices of certain securities like indices, commodities or currencies. While not legal to trade in the U.S., CFDs are legal in many jurisdictions across the globe and Plus500 offers a wide array of tradable markets using these instruments. \u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003ePlus500 doesn’t charge commission and only profits off the spread, which is the difference between the buy and sell price of a specific security. 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Only trade these instruments if you understand how they operate and the risks involved with buying them.\u003c/span\u003e\u003c/p\u003e\n","pros":["Great mobile app","Low spreads and commissions","Unlimited demo account"],"cons":["Only derivatives are available","Not open to U.S. residents"],"best_for":["Traders looking for a smooth mobile experience"],"custom_sec":[]},"phone":"","data":{}},{"id":100012,"image":"https://cdnwp-s3.benzinga.com/wp-content/uploads/2017/07/15102926/ib-logo-stacked-1200x627-1-768x401.png","square_image":null,"best_for":"Active and Global Traders","teaser":"","filters":[],"name":"IBKR Options","link":"https://www.benzinga.com/go/ibkr-options-2","rating":5,"review":"https://www.benzinga.com/money/interactive-brokers-review","insurance_types_of_plans":"","hide_securely_through":false,"trust":"Securely through Interactive Brokers’ website","current_promotion":"","disclosure":"","button_text":"get started","product_badge_image":false,"go_link_id":218218,"company_id":107,"company_name":"Interactive Brokers","tune_offer_id":"","go_link_dofollow":0,"details":{"desc":"\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eInteractive Brokers is a comprehensive trading platform that gives you access to a massive range of securities at affordable prices. You can buy assets from all around the world from the comfort of your home or office with access to over 150 global markets. Options, futures, forex and fund trading are also available, and most traders won’t pay a commission on any purchase or sale. \u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eIBKR is geared primarily toward experienced traders and investors but now with the availability of free trades with IBKR Lite, casual traders can also acclimate to IBKR’s offerings.\u003c/span\u003e\u003c/p\u003e\n","pros":["Advanced trading platform \u0026 suite of options trading tools to create \u0026 execute sophisticated trading strategies","Fixed fees offer infrequent traders low, flat rate per contract, inclusive of all fees","Tiered fees offer active traders lower cost per transaction and possible exchange rebates for higher volumes"],"cons":["Beginner investors might prefer a broker that offers a bit more hand-holding and educational resources"],"best_for":["Options traders","Traders trading 24/7","Sophisticated investors","Access to International markets"],"custom_sec":[]},"phone":"","data":{}},{"id":63970,"image":"https://cdnwp-s3.benzinga.com/wp-content/uploads/2023/06/01170410/public-logo.png","square_image":null,"best_for":"Trading Ideas","teaser":"","filters":[],"name":"public.com","link":"https://www.benzinga.com/go/public","rating":4.5,"review":"https://www.benzinga.com/money/public-com-review","insurance_types_of_plans":"","hide_securely_through":false,"trust":"securely through public.com's website","current_promotion":"","disclosure":"","button_text":"get started","product_badge_image":false,"go_link_id":64439,"company_id":63967,"company_name":"public.com","tune_offer_id":"","go_link_dofollow":0,"details":{"desc":"\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003ePublic is the only investing platform that lets you trade stocks, ETFs, crypto, bonds, options and alternative assets—like fine art and collectibles—all in one place. Public also provides access to custom company metrics, live shows about the markets, and insights from a community of millions of investors, creators, and analysts.\u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eToday, Public provides more ways to create a diversified portfolio than nearly any other online broker. Members can engage in sophisticated investing strategies and access a wealth of investing insights—from company-specific analysis to live audio shows and town hall-style Q\u0026amp;As. 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Investors take advantage of its low costs, advanced tools and human tech support.\u003c/p\u003e\n\u003cp\u003eWhile many advanced investors use it for trading options, \u003ca href=\"https://www.benzinga.com/money/best-futures-trading-platforms\"\u003efutures\u003c/a\u003e and more, you can gradually build up confidence with the tools if you\u0026#8217;re just starting. Most notably, you get your choice of trading platforms developed by third parties, including AI-based tools, automation, signals, bots, order flow and chart analysis tools. These platforms include the popular TradingView, as well as Track ‘n Trade, TradierPro, TrendSpider, iVest, Social.Trade, Option Samurai, WealthCharts, Option Alpha, PeakBot and many more.\u003c/p\u003e\n\u003cp\u003eTradier allows you to access the platform\u0026#8217;s many features with the Standard free plan, or you can opt for the Pro plan that costs $10 a month. Feeling overwhelmed with options trading or unsure how futures work? Tradier\u0026#8217;s resources and community can help you gradually build trading knowledge and try out the platform with smaller trades.\u003c/p\u003e\n\u003cp\u003eTradier also facilitates access to commodities like gold, oil and agricultural products such as corn for those looking to venture beyond traditional markets. These alternative assets can add a layer of diversification by providing exposure to different economic factors and reducing the overall volatility of your portfolio. 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You should consider whether you can afford to take the high risk of losing your money.\u003c/strong\u003e\u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003ePlus500 is an online CFD broker focusing on contracts for difference (CFDs). CFDs are similar to binary options in the U.S. where traders take all-or-nothing speculation on the prices of certain securities like indices, commodities or currencies. While not legal to trade in the U.S., CFDs are legal in many jurisdictions across the globe and Plus500 offers a wide array of tradable markets using these instruments. \u003c/span\u003e\u003c/p\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003ePlus500 doesn’t charge commission and only profits off the spread, which is the difference between the buy and sell price of a specific security. 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You can buy assets from all around the world from the comfort of your home or office with access to over 150 global markets. 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Try \u003ca rel=\"noreferrer noopener\" href=\"https://www.benzinga.com/go/benzinga-options-2\" target=\"_blank\"\u003eBenzinga’s Proprietary Options Trading Service\u003c/a\u003e and get SMS \u0026amp; Email alerts.\u003c/p\u003e\n","html":"Looking for the \u003cstrong\u003e\u003cem\u003ebest options trading courses\u003c/em\u003e\u003c/strong\u003e? Try \u003ca rel=\"noreferrer noopener\" href=\"https://www.benzinga.com/go/benzinga-options-2\" target=\"_blank\"\u003eBenzinga’s Proprietary Options Trading Service\u003c/a\u003e and get SMS \u0026amp; Email alerts.","tag":"p","type":"default"}]},"in_content":null,"in_article_content":null,"sidebar":{"id":57862,"title":"Investing /Money Sidebar","type":"sidebar","blocks":[{"blockName":"acf/sidebar-related-posts","attrs":{"name":"acf/sidebar-related-posts","data":{"title":"Trade Ideas","related_posts":[11157,11144,11150,95815,95114],"style":"money"},"align":"","mode":"edit"},"innerBlocks":[],"innerHTML":"","posts":[{"id":11157,"slug":"top-stocks-under-5","type":"post","image":"https://cdnwp-s3.benzinga.com/wp-content/uploads/2020/05/26163043/4n3ihymqy_e-768x512.jpg","published_at":"2024-11-27T07:19:47.000000Z","url":"/money/top-stocks-under-5/","title":"Best Stocks Under $5","seotitle":"Best Stocks Under $5 Right Now • Benzinga","author":{"name":"Luke Jacobi","gravatar":"//secure.gravatar.com/avatar/a7a3e4487e9cc2c28d57bae0a878c1f2?d=mm"},"date":"November 27th, 2024","description":"Looking for good, low-priced stocks to buy? 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Our guide to the best stocks under $100 will help you without breaking the bank."}],"deviceType":"desktop","userAgent":"Mozilla/5.0 (Macintosh; Intel Mac OS X 10_10_2) AppleWebKit/614.24 (KHTML, like Gecko) Version/12.3.54 Safari/614.24"},{"blockName":"acf/sidebar-related-posts","attrs":{"name":"acf/sidebar-related-posts","data":{"title":"Brokerage Reviews","related_posts":[2391,38069,63962,7889,1562,27393],"style":"money"},"align":"","mode":"edit"},"innerBlocks":[],"innerHTML":"","posts":[{"id":2391,"slug":"interactive-brokers-review","type":"post","image":"https://cdnwp-s3.benzinga.com/wp-content/uploads/2022/03/18191137/interactive-brokers-review.jpeg","published_at":"2024-11-12T08:48:19.000000Z","url":"/money/interactive-brokers-review/","title":"Interactive Brokers Review","seotitle":"Interactive Brokers Review 2024 • Benzinga","author":{"name":"Ryan Peterson","gravatar":"//secure.gravatar.com/avatar/5f11b2c38947980c6cd5dc459c70a589?d=mm"},"date":"November 12th, 2024","description":"Read our in-depth Interactive Brokers review for 2024. 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Check out the pros, cons and rating for Public."},{"id":7889,"slug":"etoro-review","type":"post","image":"https://cdnwp-s3.benzinga.com/wp-content/uploads/2022/02/28155038/eToro-review.png","published_at":"2024-11-19T22:17:58.000000Z","url":"/money/etoro-review/","title":"eToro Review","seotitle":"eToro Review 2024: Pros, Cons \u0026 More • Benzinga","author":{"name":"Anna Yen","gravatar":"//secure.gravatar.com/avatar/51dfafb02597374d0cd8da0cdc86a3b9?d=mm"},"date":"November 19th, 2024","description":"In this comprehensive eToro review, check out the platform's features and fees and get a detailed analysis of its pros and cons."},{"id":1562,"slug":"robinhood-review","type":"post","image":"https://cdnwp-s3.benzinga.com/wp-content/uploads/2017/09/25164413/robinhood-app-768x402.png","published_at":"2024-11-12T08:13:00.000000Z","url":"/money/robinhood-review/","title":"Robinhood Review","seotitle":"Robinhood Review 2024: Pros and Cons • Benzinga","author":{"name":"Ryan Peterson","gravatar":"//secure.gravatar.com/avatar/5f11b2c38947980c6cd5dc459c70a589?d=mm"},"date":"November 12th, 2024","description":"Discover the pros and cons of Robinhood, a user-friendly platform offering commission-free trades, instant deposits, and cryptocurrency trading for new and experienced investors."},{"id":27393,"slug":"plus500-review","type":"post","image":"https://cdnwp-s3.benzinga.com/wp-content/uploads/2018/12/05172755/logo-plus500-header.png","published_at":"2024-09-24T03:53:04.000000Z","url":"/money/plus500-review/","title":"Plus500 Review","seotitle":"Plus500 Review • Pros, Cons and Why We Like It","author":{"name":"Dan Schmidt","gravatar":"//secure.gravatar.com/avatar/2abb9901f028069c787f8f0913d96bf0?d=mm"},"date":"September 24th, 2024","description":"Learn more about Plus500, including commissions, fees, ease of use, tradable asset classes, customer support and more. Compare to other brokers."}],"deviceType":"desktop","userAgent":"Mozilla/5.0 (Macintosh; Intel Mac OS X 10_10_2) AppleWebKit/614.24 (KHTML, like Gecko) Version/12.3.54 Safari/614.24"},{"blockName":"acf/sidebar-related-posts","attrs":{"name":"acf/sidebar-related-posts","data":{"title":"Become a Day Trader","related_posts":[27416,205333,28520,43703,23272],"style":"money"},"align":"","mode":"edit"},"innerBlocks":[],"innerHTML":"","posts":[{"id":27416,"slug":"best-day-trading-apps","type":"post","image":"https://cdnwp-s3.benzinga.com/wp-content/uploads/2018/12/06152308/mark-finn-540442-unsplash-11-768x512.jpg","published_at":"2024-11-05T11:17:25.000000Z","url":"/money/best-day-trading-apps/","title":"Best Day Trading Apps","seotitle":"8 Best Day Trading Apps in November 2024 • Benzinga","author":{"name":"Sarah Horvath","gravatar":"//secure.gravatar.com/avatar/9fcc314d33e458d1d57ef6972ca1e52f?d=mm"},"date":"November 5th, 2024","description":"Learn more about the best day trading apps you can download on iOS and Android based on user experience, integrations and more."},{"id":205333,"slug":"best-stocks-to-day-trade","type":"post","image":"https://cdnwp-s3.benzinga.com/wp-content/uploads/2023/04/15152104/Best-Stocks-to-Day-Trade-768x384.jpeg","published_at":"2024-11-27T06:19:38.000000Z","url":"/money/best-stocks-to-day-trade/","title":"Best Stocks to Day Trade","seotitle":"Best Stocks to Day Trade (Volatility and Substantial Volume Stocks)","author":{"name":"Dan Schmidt","gravatar":"//secure.gravatar.com/avatar/2abb9901f028069c787f8f0913d96bf0?d=mm"},"date":"November 27th, 2024","description":"Get a leg up on the competition with Benzinga's picks for the best stocks to day trade and how to grow a robust, structured portfolio"},{"id":28520,"slug":"best-day-trading-strategy","type":"post","image":null,"published_at":"2024-07-19T09:10:22.000000Z","url":"/money/best-day-trading-strategy/","title":"Best Day Trading Strategies","seotitle":"3 Best Day Trading Strategies for 2024 • Benzinga","author":{"name":"Luke Jacobi","gravatar":"//secure.gravatar.com/avatar/a7a3e4487e9cc2c28d57bae0a878c1f2?d=mm"},"date":"July 19th, 2024","description":"Learn more about what makes up the best day trading strategies you can implement, including detailed examples."},{"id":43703,"slug":"how-to-become-a-day-trader","type":"post","image":"https://cdnwp-s3.benzinga.com/wp-content/uploads/2020/04/22170902/ngc5rt2hmf0-768x505.jpg","published_at":"2024-11-13T22:31:26.000000Z","url":"/money/how-to-become-a-day-trader/","title":"How to Become a Day Trader","seotitle":"How to Become a Day Trader with $100: A Step-By-Step Guide","author":{"name":"Luke Jacobi","gravatar":"//secure.gravatar.com/avatar/a7a3e4487e9cc2c28d57bae0a878c1f2?d=mm"},"date":"November 13th, 2024","description":"Looking to start day trading at a low cost? Check out how you can start day trading with only $100 with our handy guide for 2024."},{"id":23272,"slug":"best-time-of-the-day-to-buy-stocks","type":"post","image":"https://cdnwp-s3.benzinga.com/wp-content/uploads/2018/06/15151226/rawpixel-656709-unsplash-768x982.jpg","published_at":"2024-11-27T07:19:47.000000Z","url":"/money/best-time-of-the-day-to-buy-stocks/","title":"Best Time of Day to Buy and Trade Stocks","seotitle":"Best Time to Buy Stocks: An Hourly Analysis • Benzinga","author":{"name":"Melissa Brock","gravatar":"//secure.gravatar.com/avatar/7264100710913faad31a645ba70be5df?d=mm"},"date":"November 27th, 2024","description":"Looking to make or improve your investing strategy? 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