Trade Options Online for only $0.75 per contract!
Yes, it is true. We do offer some of the very lowest margin rates and option commission rates of any national firm! Place Trade clients trade options online for only $0.75 per contract (Minimum $1.50 per trade). We offer all listed equity and index options, including LEAPS, from every US exchange. Get lightning fast, best executions, access to international market centers, super low commission and margin rates as well as great trading tools to assist you with all of your successful trading needs.
Take a quick look at our TWS Users Guide to view a few of our Great Trading and Analytical Tools along with our Options Resources including Options Trader, Write and Roll Options, Best Price for Options using Smart Routing SM and much more. View the Options Resources Menu to the left to see many of the great options resources that are available to Place Trade clients through our Place Trader Workstation.
Simply Open your Online Trading Account, Get Options Approval and Begin Trading Options at Super Low Commissions and still get the Lowest Margin Rates!
Pre-Approval for Options: Customers wishing to engage in transactions involving option contracts must obtain pre-approval by a Place Trade Financial Registered Options Principal. Approval is based on your investment objectives, financial information and trading experience provided on your account application. For additional information, contact client services at 1-800-50-PLACE.
Trading Options in an IRA: Options are offered in all IRA accounts including puts and calls, covered calls and married puts.
Option Exercise Deadline: The new deadline for exercising options is 4:00 p.m. EST. If you would like to exercise an option, please call a broker at 1-800-50-PLACE.
Options are traded on an online basis only. Place Trade does not provide advice for options traders. When placing your order you must provide the correct option symbol and confirm that you are placing your options trade with the correct symbol prior to entering your trade - whether you place a trade online or with a broker.
Margin Requirements for each type of Option Strategy:
Interested in Trading Options on Margin? Learn about the Margin Requirements for each type of Option Strategy by Margin Combination.
Automatic Exercise Thresholds
Equity options:
Equity options will be automatically exercised if they are $0.25 or more in-the-money unless instructed not to exercise.
Index Options:
Index options will be automatically exercised if they are $0.01 or more in-the-money unless instructed not to exercise.
If you maintain a minimum of US $100,000 (or USD equivalent) equity/Net Liquidation Value in your margin account you may qualify for a lower margin requirement.
Get a free copy of the OIC's Characteristics and Risks of Standardized Options to read prior to investing in options
Options involve risk and are not suitable for all investors. For more information; please read “Characteristics and Risks of Standardized Options” before investing in options. For a free copy call 1-800-50-PLACE or 1-919-719-7200 or visit the OCC. There is no guarantee of execution. Orders will be routed to US options exchanges.
Any trading symbols displayed are for illustrative purposes only and are not intended to portray a recommendation.
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