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 *Options Minimum $1.50, No Base Fee, Simple $0.75 Per Contract (Exchange fees are passed through directly to you with no mark-up or payment to Place Trade®.)

 

Compare our rates vs. other national firms and see how much you could be saving!

 

Get Free Options Education and Information

 Please note that you will be taken to the Options Industry Council Website to view these informative brochures. 

  • High-net-worth Investors and Listed Options (PDF)
    Portfolio management strategies for wealthy individuals and trust companies that want to delve into options trading for hedge their funds or to gain market exposure.

 

 

 

 

  • The Equity Options Strategy Guide (PDF)
    This publication provides an introduction to some of the basic equity option strategies available to option and/or stock investors.

 

  • Expiration Calendars
    Published yearly, this calendar highlights expiration dates for equity, index, and interest rate products, currency options, expiration month codes, strike price codes, and exchange holidays.

 

  • Long-Term Equity Anticipation Securities (PDF)
    The purpose of this booklet is to provide an introductory understanding of exchange-listed, long-term options called LEAPS® (Long-term Equity Anticipation Securities) and how they can be used.

 

 

  • Taxes and Investing (PDF)
    This booklet summarizes the basic rules governing the federal income taxation of certain investments by individuals who are citizens or residents of the United States and who dispose of an investment in a taxable transaction.

 

 

 

 

 

  • The CBOE Volatility Index - VIX (PDF)
    This white paper describes modifications done in September 2003 to the calculation methodology. The VIX shows the expected stock market volatility over the next 30 calender days. 

 

 

Compare our rates vs. other national firms and see how much you could be saving!

 Be sure to user our trading tools too!

Check out our 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 OptionsBest 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!

 

 

Special Options Notes

  

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

 Download Characteristics and Risks of Standardized 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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