Copyright © 2004-2008 Delta Interval, Inc.(www.deltainterval.com), All Rights Reserved. Legal Notice.
Opening an Account
Opening an Account
Before you start trading options you will need to open a margin account. If you have a cash account you will need to open a new account because you can not trade options in a cash account.
When you apply for a margin account you will need to specify that you want to trade options, and you may be required to specify what type of options strategies you would like to do in the account. If the account application form asks it is important to tell your brokerage firm what type of option strategies you would like to be allowed to do. If you don't tell them you may find that they won't let you do certain types of strategies.
You can also trade options in registered accounts, however with a registered account you may also have to apply for options approval on the account. We would recommend for you to check with your brokerage firm to see if they have any additional requirements for trading options. For example some firms require you to have a minimum balance before writing any naked options.
Copyright © 2004-2008 Delta Interval, Inc.(www.deltainterval.com), All Rights Reserved. Legal Notice.