An option gives the buyer or holder the right, but not the obligation, to buy or selll an underlying asset or security at a specific price on or before a specific date.
Non-registered accounts with account balance <$15K : CA $25/quarter*
This table is for reference only and shows only the most important fee details. Competitors' rates obtained from their websites as of 6/6/2024. The brokers in the list may have different rates for different balance investors. For the most accurate fee information, please visit the websites of the listed brokers. All fees should be displayed in US dollars, except where indicated with an asterisk (*).
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Options trading can be complex and carries inherent risks, so it may not be suitable for all beginners. However, with education, an understanding of options trading, and its risks, beginners can start learning to trade options effectively. It's crucial for novice options traders to begin by understanding basic options concepts, such as options contracts, strategies, and associated risks.
What are the advantages of trading options?
Options trading can offer significant advantages, including the potential for high returns with smaller upfront investment, income generation through various strategies, and portfolio diversification. Options can also be used for risk management and trading different market perspectives. However, it's always important to understand the associated risks, such as the potential for substantial losses and complexity in trading strategies.
What are the risks of trading options?
Options trading presents several disadvantages, primarily due to its complexity, making it less suitable for inexperienced traders who lack significant market insight. The advanced nature of options requires a deep understanding of market dynamics and risk management strategies to avoid impactful losses. Inexperienced investors may be tempted by the potential for quick profits without fully grasping the implications of their trades, leading to substantial losses. Options also carry the risk of becoming worthless, especially if they expire out of the money, potentially resulting in significant financial loss. Certain options trading strategies may expose traders to unlimited losses, emphasizing the need for a thorough understanding of risk-return profiles.