*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®.)
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.
- ERISA Pension Funds & Listed Options (PDF)
This white paper describes ways for pension funds to incorporate listed options into their portfolio management strategies.
- Individual Retirement Accounts and Keogh Plans (PDF)
Covers the effects of various portfolio management strategies that may be more appropriate for use in retirement accounts.
- Characteristics and Risks of Standardized Options - Provided by OCC
This publication refers solely to options issued by OCC. Prior to buying or selling an option, a person must receive a copy of this brochure.
- 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.
- Options Strategies Quick Guide (PDF)
This booklet provides a quick overview of various options strategies.
- 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.
- Understanding Equity Options (PDF)
Take a look at an introductory understanding of equity options and how they can be used.
- Understanding Index Options (PDF)
Gain an introductory understanding of index options and how they can be used.
- Mutual Funds & Listed Options (PDF)
An outline of an assortment of ways to hedge large diversified listed options.
- Trading Volatility of an Asset Class (PDF)
Learn about the volatility of trading asset classes in a variety of ways, including purely speculative, or arbitraged.
- 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.
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 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.
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.
Equity options will be automatically exercised if they are $0.25 or more in-the-money unless instructed not to exercise.
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.