Options Approval Level

Options LevelDescription

Level One

Sell Covered Calls, Protective Puts

Level Two

Buy Calls & Puts, Covered Puts

Level Three

Call & Put Spreads

Level Four

Sell Uncovered Puts (stock options)

Level Five

Sell Uncovered Puts (index options), Sell Uncovered Calls, Straddles

  1. Contact support & fill out the upgrade request form if youd like to see if you qualify for a higher level.

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