Options investing

Our technology reduces our costs, and we pass those savings on to you:

No base fees
No exercise and assignment fees
A low contract fee to buy or sell stock options and index options

Review our Fee Schedule for details.

Keep in mind

Other fees like regulatory and exchange trading fees for index options may apply to your brokerage account.

Enable options trading

Go to Account (person icon)
In the app, select Menu (3 bars) or on the web, skip to the next step
Select Investing
In Options trading, select Enable options trading
Follow the prompts to confirm your investor profile and review and agree to the online Options Agreement

After completing the steps, you’ll be notified in the app what level of options trading you’re approved for, which is based in part on your investor profile. If you need to update your investor profile, follow the steps in How do I update my information?

Note

Non-margin accounts do not support Level 3 options trading. At account opening, a margin account is the default setting, but you may have chosen to change to a non-margin account.

Disable options trading

Go to Account (person icon)
In the app, select Menu (3 bars) or on the web, skip to the next step
Select Investing
In Options trading, select Options settings → Remove options trading

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