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Options Trading is in our DNA

With over 40 years' experience in options trading, we have a robust set of tools to evaluate and execute sophisticated trading strategies.

For 16 straight years, Barron's has selected us as a top-rated, low-cost electronic options broker.

Pay Lower Commissions;
Earn Potentially Higher Returns

Our commission rates range between $0.15 and $0.70 per US options contract.

Customizable fee schedules are available for low and high frequency traders:
  • Fixed – Infrequent traders pay a low, flat rate per contract, inclusive of all fees.
  • Tiered – Active traders pay less per transaction, and may earn exchange rebates for higher volumes.

Create Sophisticated Trading Strategies

OptionTrader is our proprietary trading tool for executing speculative trades or building complex, multi-leg orders to hedge a position. From a single screen, users can:
  • Trade a full range of options contracts – including equity, index and currency – on the major exchanges in North America, Europe and Asia.
  • Create combinations that pair options with stocks, financial futures, foreign exchange contracts and bonds to express views on:
    • Market direction
    • Volatility
    • Time decay
    • Profit potential Loss potential
Trade options side-by-side on a single screen with substitute asset classes, such as foreign exchange, stocks, bonds and futures. T+1 accelerated stock settlement supports the purchasing of new shares to cover assigned options, thereby avoiding a potentially higher tax liability.

A Robust Set of Tools for Evaluating and Trading Options

Our comprehensive product suite of tools and algorithms help investors design option strategies that manage risk, produce income and generate capital appreciation.
Options Analytics

Manipulate key option pricing criteria – including price, time and implied volatility – and visualize the impact on premiums.

  • Display the respective risk scenarios – Delta, Gamma, Theta and Vega – for call and put options for the current time period through expiration.
Options Portfolio

Our algorithm analyzes the risk/return profile of multiple options trading strategies to deliver low-cost trading solutions.

  • Options Portfolio continuously and efficiently scours market data for low-cost option strategies to bring a portfolio in line with user-defined objectives for the Greek risk dimensions (Delta, Gamma, Theta and Vega).
Options Strategy Lab

Generate potentially profitable stock and option combinations, based on your forecast for stock and ETF prices, market volatility and other market variables.

  • Trade directly from Strategy Lab once you have identified a viable strategy.
Probability Lab

Use this tool to redefine the price and volatility outlook for an underlying stock or ETF, and identify potentially profitable options strategies, based on that view.

  • Calculate, visualize and adjust the profit potential of complex combination trades with just a few mouse clicks.
Take advantage of Trader Workstation's real-time technical, fundamental and price/risk analysis tools. Trade large or complex orders with the help of an experienced broker at our Stocks and Options Trade Desk. Each broker on our trade desk has over 15 years trading experience, and will strive to get the best possible execution for your trades.

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