Options Approval Level

Options Level	Description
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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