Since Stu did not hold any stocks, selling FFF shares to the option writer will create a short position in Stu’s account at $45 per share. Receives premium (money) from the buyer of the call option. To learn more about the different order types, click, Select a duration to specify how long the order should remain active. Generally, there are two option styles – American and European. Invest in companies that focus on environmental, social and corporate governance qualities. The writer has the obligation to buy the underlying security at the predetermined price, if called upon to do so (by the buyer of the put option). Minimum single core 2-processor; processor or higher recommended, Minimum 2GB of RAM; 4GB of RAM recommended, Minimum 1.5 GHZ processor or higher; processor or higher recommended, Android (two most recent major OS versions), iPhone (two most recent major iOS versions), BlackBerry (BlackBerry OS 10+), Windows (Windows 8.1+). The buyer of an option acquires the rights, but not the obligation to fulfill the terms of the option contract by buying or selling a specified quantity of the underlying asset at a predetermined time in the future at an agreed upon price. You’ll find the option strategies for each option level below. 10 months pass by and XYZ stock is trading for $27 per share. Log in to Questrade Trading; In the top right corner, click Buy/Sell to open the order entry tab (insert icon) Enter the symbol or name of the underlying security you’re looking to trade; In the symbol field, change STK to OPT to trade options ; Choose your option type (Single-leg, multi-leg, or custom options are available) Have a question? ", "I have been very happy with direct interactions with Questrade staff, as well as the overall platform and ease of use. ]+).na159.visual.force.com","auraDomain":"questrade.lightning.force.com","orgPreferences":[{"index":257,"name":"TabOrganizer","value":true},{"index":113,"name":"GroupTasks","value":true}],"siteUrlPrefix":"/mylearning","isDefaultNetwork":true,"timeFormat":"h:mm a"}); Questrade has four approval levels for option trading that require different minimum balances in your account before placing your trade. Questrade or Lightspeed Trading - which is better 2021? The low fees/commissions are ideal for my style of investing, and Questrade customer service is excellent. 9 months passed by and Stu was right with his prediction, XYZ stock declined and it is now trading for $43 per share. Pays premium (money) to the writer. j_id0__j_id24__2__j_id26 = window.onload; window.onload=function() { if (j_id0__j_id24__2__j_id26!= null) j_id0__j_id24__2__j_id26();}; The information contained in this website is for information purposes only and should not be used or construed as financial or investment advice by any individual. Improve your investing skills with on-demand webinars for beginner to advanced investors and traders. Plus index quotes: TSX indices, TSX Venture indices, Dow Jones Indices, S&P Indices. Questrade, Inc. provides administrative, trade execution, custodial, and reporting services for all Questwealth accounts. The writer has the obligation to sell the underlying security at the predetermined price, if called upon to do so (by the buyer of the call option). In that case, the seller of the put option gets to keep the premium paid by the buyer. Instead of shorting shares of FFF, Stu decided to buy 1 put option on FFF expiring in one year from today at a strike price of $45. Order detailsDescriptionSymbolLookup the symbol or the name of the company of the underlying security you would like to trade and tap the snap quote button to get quotes in real-time data (applies to certain exchanges only)ExpiryDate at which an option owner can exercise their right to buy (or sell) shares of the underlying stockStrike pricePrice at which the option owner can buy (or sell) the sharesQuantityNumber of option contracts the option owner will purchaseOrder typeSelect the type of order you want to use. Questrade also offers international equities and access to initial public offerings. In this article, we will be focusing on equity options where we will assume each contract represents terms for 100 shares. Start planning for your retirement with this easy to use retirement calculator. Stu has been looking into FFF stock for some time now and based on his findings he believes that the stock will decline in value from the current price of $50 per share in the next 12 months. Seamless. “In-the-money” options may not be automatically exercised on expiration date if the CDCC or OCC excludes them due to a corporate action or when trading of the underlying security is halted. Questrade is an online brokerage providing self-investing and trading products. Unlike the big discount brokerages … See the reasons people switch and hear how they're taking control of their financial future. Join Canada’s fastest-growing online brokerage—with our Questrade app. Review your order and when you’re ready click Send Order. 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