Trade Options Online for only $0.75 per contract (Minimum $1.50 per trade)
Place Trade offers all listed equity and index options, including LEAPS, from every US exchange.
Simply Open your Online Trading Account, Get Options Approval and Begin Trading Options at Super Low Comissions
- Customers wishing to engage in transactions involving option contracts must obtain pre-approval by a Place Trade Financial Registered Options Principal.
- Approval is based on your investment objectives, financial information and trading experience provided on your account application. For additional information, contact customer service at 1-800-50-PLACE.
- Options are traded on an online basis only. Place Trade does not provide advice for options traders. When placing your order you must provide the correct symbol for your trade whether you place a trade online or with a broker.
Trading Options in an IRA
Options are offered in all IRA accounts including puts and calls, covered calls and married puts.
Option Exercise Deadline
The new deadline for exercising options is 4:00 p.m. EST. If you would like to exercise an option, please call a broker at 1-800-50-PLACE.
Automatic Exercise Thresholds
Equity options
Equity options will be automatically exercised if they are $0.25 or more in-the-money unless instructed not to exercise.
Index Options
Index options will be automatically exercised if they are $0.01 or more in-the-money unless instructed not to exercise.
All option orders must be placed with a broker and additional fees may apply.
Options involve risk and are not suitable for all investors. Certain requirements must be met to trade options through Place Trade Financial. On-line trading has inherent risks due to delay or loss of online services, system performance, market conditions, erroneous or unavailable market data. Investors should understand these and additional risks before trading.
Before considering any option transaction, please read Characteristics and Risks of Standardized Options provided by the Options Clearing Corporation (OCC), available in Adobe Acrobat PDF format. A current copy may also be obtained by calling Place Trade Financial at 1-800-50-PLACE or sending your request to Place Trade Financial, 4030 Wake Forest Rd., Suite 300, Raleigh, NC 27609. Because of the importance of tax considerations, Place Trade Financial recommends consulting your tax advisor before contemplating any options transaction.