Options
Placing option orders at TD AMERITRADE means working with dedicated professionals who'll see to your trading and investing needs.
We offer options trading for options-approved accounts both online and offline through our Trading Desk. Our desk is available to assist you with the implementation of your options trading strategies. You can pursue a wide range of options trading strategies with a variety of options order types, including:
Long and Short Straddles*
Long Calls and Puts
Long and Short Combinations*
Covered Call Writing
Debit and Credit Spreads*
Naked Call and Put Writing**

Options involve risks and are not suitable for all investors as the special risks inherent to options trading may expose investors to potentially rapid and substantial losses. Options trading privileges are subject to TD AMERITRADE review and approval. Please read Characteristics and Risks of Standardized Options before investing in options.

*Straddles, Combinations and Spreads transactions are subject to twice the number of contracts as a sole long or sole short position, and each leg will incur contract fees, which may impact any potential return. Investors should also consider contacting a tax adviser regarding the tax treatment applicable to multiple-leg transactions.

**Due to the inherent risks involved and the complexities of certain options transactions, options are not suitable for all investors. Industry regulations require certain conditions be met before TD AMERITRADE can extend options trading privileges. For additional requirements for options positions, and for our options exercise policy, consult the TD AMERITRADE Margin Handbook.