Fact Sheet: OptionsFirst®

Scottrade OptionsFirst® offers the tools and educational resources to help execute advanced options strategies.

Cost to Trade

  • Option orders are $7 per ticket plus $1.25 per contract on all orders up to four legs.

Fees

  • $0 account transfer
  • $0 maintenance
  • No volume requirements
  • No monthly minimums

Options Trading Strategies

OptionsFirst® offers the capability to trade all options trading strategies including:

  • Buy-writes
  • Cash-secured puts
  • Collars
  • Credit and debit spreads
  • Four-legged spreads
  • Naked put and call writing

Online Investment Education Resources

Scottrade offers options trading education through Live Webinars, the KnowHow® News newsletter and the Scottrade® Online Community. The Options Industry Council (OIC) also provides education, including:

  • Online classes:
                • Options Basics
                • Options Pricing
                • Introduction to Spreading
  • Learning Tools
                • Options Glossary
                • Free Options INVESTigator Software
                • Free Options DVD
                • Options Book

Options Trading Tools

  • Covered Call Investigator 
                • Scans the market to find the highest possible premium for covered call
                  trades and breaks them into categories by the stock’s market cap.
  • Risk Viewer 
                • Shows the profit/loss for positions, including multi-leg spreads. 
                • Breaks down the Greeks for individual positions and overall portfolio.
                • Estimates market risk, position-by-position or portfolio-wide, to provide
                  theoretical value of positions and portfolio depending on market
                  performance.
                • Determines bearish, bullish or neutral based trading strategies. 
                • Executes hypothetical scenarios to determine the potential for profit.
  • Customizable Hot List and Watch List
                • Tracks the number of contracts in the market with an unlimited number
                  of lists.
  • Tools provided by The Options Industry Council (OIC)
                • Pricing Calculator
                • Strategy Screener
                • Position Simulator

Other Features

  • Smart Execution
                • With Point-and-Click execution, you can quickly place trades with
                  accuracy and security. Easily configure your order with Smart Order
                  Tickets and easily view Execution Reports to see how your order was
                  filled.
  • Enhanced Charting. 
                • Customize the chart to your needs by choosing the time frame, chart
                  type, and upper and lower indicators.
  • Virtual Trading
                • Watch, trade and test the market in real-time to determine entry and
                  exit points or evaluate different strategies before using real money.
  • Complex Options Strategies
                • Execute advanced options strategies such as spreads, straddles,
                  strangles, collars and butterflies – up to four legs per spread.

OptionsFirst® Fact Sheet

OptionsFirst screenshot

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