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Options Approval Level

Options Level
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. 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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