What Option strategies can I trade?

We offer up to three types of options trading levels. The following displays what strategies can be traded at each options level:

Level 1

• Covered Calls

• Cash-Secured Puts

Level 2 (including Level 1 strategies)

• Long Calls

• Long Puts

• Collars

• Protective Puts

• Protective Calls

• Covered Puts

• Long Straddles

• Long Strangles

Level 3 (including Level 1 and 2 strategies)

• Credit Spreads

• Debit Spreads

• Calendar Spread

• Diagonal Spread

• Long & Short Butterflys

• Long & Short Iron Butterflys

• Long & Short Condors

• Long & Short Iron Condors

• Back Ratio Call Spread

• Back Ratio Put Spread

1. Covered Puts and Protective Calls require an account with an approved margin facility to enable your short selling please refer to here.

2. Legacy accounts may not display all available options strategies; contact our support team to upgrade your account setup.

3. Calendar Spread and Diagonal Spread are unavailable for VIX options.

For a brief description of each strategy, please click here.