You’ve made the decision to start trading options. Congratulations! Options offer many advantages for the novice and experienced trader alike. But, “where do I start?” you may ask yourself.
You can trade and invest in options at almost any major broker. Typically, you will also need to apply for, and be approved for, margin and option privileges in your account.
Many brokerages offer an options-specific platform for more advanced options traders. They will feature option trading tools that let you monitor the options market, plan your strategy, and implement it in one convenient, easy-to-use, integrated place. These platforms offer an advantage if you plan on participating in complex options trades that feature three or four “legs,” or sides of a trade.
In addition, many will offer mobile trading technology, allowing you to not only monitor and manage your options, but trade contracts right from your smartphone or mobile device.