Option Level

1. What's an option level

2. How to apply for/update your option level

3. What if my option level application was denied

1. What's an option level

Your option level will determine the type of options strategies you can trade with moomoo.

To trade specific option strategies, you can apply for an option level in your account. A margin account supports Option Level 1-4, while a cash account supports Option Level 1-2.

A higher option level enables you to trade more complex option strategies, but may also involve greater risks.

Each account's option level is independent of each other. We evaluate and grant option level applications based on your account profile and assets.

Here are the option strategies available for each account type:

2. How to apply for/update your option level

(1) To apply for/update an option level in the moomoo app, go to:

• Accounts > Select an Account > More > Option Level

(2) On the option strategies introduction page, you can:

• Switch accounts

• Apply for/Update your option level

If you are granted Option Level 3 or 4 for a margin account, you will need to ensure that the account has no less than $2,000 in assets to trade the option strategies at Level 3, or $10,000 in assets to trade the options strategies at Level 4.

(3) Once you have submitted an option level application, we will evaluate your account profile and your desired option level to determine if any of the following steps are necessary:

• Update your investment information

• Schedule a call

If you are applying for an option level for the first time, you will need to read and sign the Risk Disclosure.

The application steps may vary from person to person, so please follow the instructions on the page to complete your application. Apply for/update your option level: https://option.us.moomoo.com/index

3. What if my option level application was denied

We understand you may be disappointed with a decision to deny your option level request.   Options trading can entail significant risk and more advanced trading strategies can increase that risk and may not be appropriate for all customers.  Higher levels of option trading have a mix of increased requirements for your investment knowledge and experience as well as your income, net worth, and investment objectives.  

Due to regulatory constraints, we cannot share our criteria for the different option levels or reasoning for our option level application decisions.

If your option level application is not approved, you will need to wait 60 days before submitting a new application to upgrade your option level.  

Notes:

1. Moomoo US may adjust option levels and the option strategies available at each level at any time to comply with regulatory requirements and meet its risk management needs.

2. It usually takes 2-3 business days to review an application to update an option level. You will receive push notifications once your application is approved.

3. If your option level application is not approved, you will need to wait 60 days before submitting a new application to upgrade your option level. 

This content is for informational and educational use only and is not a recommendation or endorsement of any particular investment or investment strategy. Investment information provided in this content is general in nature, strictly for illustrative purposes, and may not be appropriate for all investors. It is provided without respect to individual investors’ financial sophistication, financial situation, investment objectives, investing time horizon, or risk tolerance. You should consider the appropriateness of this information having regard to your relevant personal circumstances before making any investment decisions. Past investment performance does not indicate or guarantee future success. Returns will vary, and all investments carry risks, including loss of principal.

Moomoo is a financial information and trading app offered by Moomoo Technologies Inc.

In the U.S., investment products and services available through the moomoo app are offered by Moomoo Financial Inc., a broker-dealer registered with the U.S. Securities and Exchange Commission (SEC) and a member of Financial Industry Regulatory Authority (FINRA)/Securities Investor Protection Corporation (SIPC).

Options trading entails significant risk and is not appropriate for all customers. It is important that investors read Characteristics and Risks of Standardized Options before engaging in any options trading strategies. Options transactions are often complex and may involve the potential of losing the entire investment in a relatively short period of time. Certain complex options strategies carry additional risk, including the potential for losses that may exceed the original investment amount. Supporting documentation for any claims, if applicable, will be furnished upon request.