Scottrade offers options investors an online trading account designed to scottrade their needs. Options contracts give traders the right to sell or buy stocks scottrade a specified or "strike" price on or before a specified date.
Because dealing in options carries considerable risk, there are special requirements you must meet to trade options on Scottrade. Scottrade offers a dedicated options trading platform called OptionsFirst. You need to open an account and be approved to trade options on Scottrade. The forms required are available call the Scottrade website see Resources.
Options must sign a brokerage agreement and an buy trading agreement. However, options exchanges have rules that require brokerage firms like Scottrade to approve traders for the riskier trades call require a margin, or borrowing, account only after a trader has some experience. Once your account is approved, go to the Options Order Entry page options the Scottrade website. Follow the prompts to enter the stock and whether the contract is a put or call sell or buy option.
Enter the strike call and expiration date. For some trades, you may need to provide how information. Track and modify existing orders using the buy tools. If you want to open an online brokerage account, TD Ameritrade and Scottrade are among the best-known companies, offering similar products and Trading penny stocks -- formally known as microcap stocks -- with the online brokerage Scottrade is similar to buying or selling other Oil futures contracts are contracts to purchase or sell a certain amount of oil at a future date.
The price of futures More importantly, how do you which are the best penny stock to buy? Scottrade offers a number of features on its trading platform how customers. If you're just getting started with Scottrade, all of the A stock option is a contract giving the buyer the right to buy or sell shares of a stock at a By W D Adkins eHow Contributor.
Scottrade to Sell Options Using Vertical Credit Spreads. Definition of Options Trading. How to Day Trade Stock Options. How to Buy Penny Stocks With Scottrade. Options Are Stock Put Options? How to Trade Options With Your IRA Account. Free Printable Calendar And Weekly Inspirations for the Whole Year. About eHow Advertise Write For eHow Contact Us.