A quick guide to your options trading resources
Ready to take your investment game to the next level? Welcome to the world of options trading. This summary article provides links to all your options trading resources at Qtrade Direct Investing®.
- How to open an options trading account
- How to trade options
- Understanding options trading basics
- How to use Qtrade Options Lab
- Where to learn more
- More options resources
How to open an options trading account
Options trading is only available for Registered accounts (i.e. RRSP, TFSA, FHSA) and Margin accounts. All options trading comes with some level of risk, and thus, different types of options trades are allowed on different types of accounts. There are four levels of options trading available:
- Level 1 – Long Calls and Puts
- Level 2 – Covered Writing
- Level 3 – Spreads
- Level 4 – Uncovered Writing
Registered accounts allow options levels 1 or 2 trades. Margin accounts allow all options level trades (option levels 1 through 4).
How to trade options
If you’re looking for step-by-step instructions on how to place options trades, see the links below:
- How to place an options trade at Qtrade on the web
- How to place an options trade on Qtrade’s mobile app
- How to use an options chain to place a trade
- How to place a multi-leg options trade
Understand options trading basics
Learn the basics with Qtrade’s article on the fundamentals of options trading, how it works, and how options can complement your investing strategy:
The world of options trading can be intimidating for investors partly because of new terminology. Learn some of the common options trading terminology:
How to use Qtrade Options Lab
Qtrade Options Lab, powered by Trading Central, is a tool that can help you identify options trading opportunities, explore strategies, and build confidence in options trading. It’s the perfect way to learn, explore and test options trading strategies.
To start exploring, log in to your Qtrade account and click on Options Lab under the Investment Tools drop-down menu. Or access the Options Lab from the Quick Links section on your Qtrade dashboard.
Where to learn more
Check out Qtrade’s FAQs. Just input “options” into the search bar and find answers to some of the more common options trading questions.
More options resources
- Montreal Exchange Options Strategies Quick Guide
- Montreal Exchange Equity Options Reference Manual
- Cboe The Options Institute Options Basics
The information contained in this article was obtained from sources believed to be reliable; however, we cannot guarantee that it is accurate or complete. This material is for informational and educational purposes and it is not intended to provide specific advice including, without limitation, investment, financial, tax or similar matters.
Online brokerage services are offered through Qtrade Direct Investing, a division of Aviso Financial Inc. Qtrade and Qtrade Direct Investing are trade names or trademarks of Aviso Wealth Inc. and/or its affiliates.
Aviso Wealth Inc. ('Aviso') is a wholly owned subsidiary of Aviso Wealth LP, which in turn is owned 50% by Desjardins Financial Holding Inc. and 50% by a limited partnership owned by the five Provincial Credit Union Centrals and The CUMIS Group Limited. The following entities are subsidiaries of Aviso: Aviso Financial Inc. (including divisions Aviso Wealth, Qtrade Direct Investing, Qtrade Guided Portfolios, Aviso Correspondent Partners), and Northwest & Ethical Investments L.P.
The information contained in this article was obtained from sources believed to be reliable; however, we cannot guarantee that it is accurate or complete. This material is for informational and educational purposes, and it is not intended to provide specific advice including, without limitation, investment, financial, tax or similar matters. Information, figures, and charts are summarized for illustrative purposes only and are subject to change without notice. All investments are subject to risk, including the possible loss of principal.