How do I choose an options contract on the options chain?

After logging into your Self-Directed Invest account, select the stock you are interested in, tap the “Trade” button in the bottom right of the screen. You will then select “Options” and do the following: 

1. Select an expiration date.
2. Tap “Call” to buy a call.
3. Tap "Put" to buy a put.
4. Select an option strike and tap “Price” to load the trade ticket.

Options involve risks, including a substantial risk of loss and the possibility an investor may lose the entire amount invested in a short period of time. Before an investor begins trading options they should familiarize themselves with the Options Disclosure Document. Tax considerations with options transactions are unique, investors should consult with their tax advisor to understand the impact to their taxes.