How do I place an options order?

Follow these steps to trade an option:

MOBILE APP

• Open the mobile app.

• Tap Markets.

• Tap the Search bar.

• Enter the Equity or Index you want to trade.

• The Equity or Index will open under the Chart header.

• Tap the green Options button, or select Options from the top bar.

• The order book screen will appear.

• Depending on the underlying Equity or Index, the drop-down menu at the bottom of the screen will display the available trading options strategies. These may include single options or multi-leg strategies such as Covered Option, Long Straddle, Long Strangle, and Collar (with stock).

Single Option Strategy

Note: Single options can only be bought, not sold. Naked short positions are not supported.

• Select Single Options.

• Choose Call or Put from the drop-down menu next to the strategy selec-tor.

• Choose the Bid or Ask price.

• A new window will open where you can set the order type, price, number of contracts, and Time-in-Force.

• Tap Buy to place the order.

Multi-leg Strategies

Available strategies: Covered Option (protective put only), Long Straddle, Long Strangle, and Collar (with stock).

• Tap the strategy you want to trade.

• Select the expiration date, strike price(s), and bid/ask price.

• Set the order type, price, and number of contracts.

• Tap Buy or Sell.

Note: Selling an option strategy is only available once the corresponding order has been filled — i.e., you're closing an existing position, not opening a short.

DESKTOP APP

• Open the desktop app.

• Click the Search bar.

• Enter the Equity or Index.

• The chart header will appear.

• Click on the Options button in the top bar, next to Chart.

• The order book screen will appear. Below it are three tabs: Orders, Positions, and Order Entry.

• Choose your options strategy from the drop-down menu below the top bar (default: Single).

• The construction of the selected strategy will be displayed under Order Entry.

• In Order Entry, adjust Quantity, Side (buy/sell), Order Type (market/limit), and Limit Price (if applicable).

• Once the strategy, strike price(s), legs, and other parameters are set, place the order.

For both mobile and desktop:

Before confirming any trade, a confirmation window will display the full details of the contract or strategy: its construction and legs, estimated transaction fees, total debit and the underlying price range required to realize a profit. It will also clearly state the maximum loss.

Review this screen carefully before confirming — it's your last checkpoint before execution.