hero image

Options Trading

Find opportunities to trade options on stocks, ETFs, and broad-based indices. Trade equity and ETF options online for $1.00 per contract opening commission and $0 commission to close, capped at $10.00 per leg.1

Why Trade Options With Us?

Award-winning
platform

award winning provider icon

Get product offerings that empower your trading goals from an award-winning platform - America's best online broker2

Low Commissions

low commission icon

Trade options online with low commissions starting at $1.00 per contract to open, $0 to close. Plus, commissions are capped at $10.00 per leg for equity and ETF options1

Liquidity Rating
Indicator

differentiating technology icon

Find efficient options markets and trade at fair prices using tastyworks' liquidity rating indicator

Analysis Tab

broad range of markets icon

Use the analysis tab to gauge the profit and loss potential of options strategies before you trade

Order Chains

go long or short icon

Track your equity and ETF options position's progress from open to close, without a spreadsheet

Curated
Watchlists

flexible IRAs icon

Pick underlyings from your favorite curated watchlists or build your own directly on the platform

Trade Options With Low Commissions

At tastyworks, we stay ahead of the pack by giving you low commission rates for equity options.3 Here's how we measure up against our competitors:

50 Puts or Calls(100 total contracts)50 Verticals(200 total contracts)50 Iron Condors(400 total contracts)
tastyworks1$20.00$40.00$80.00
E*TRADE4$65.00$130.00$260.00
Fidelity4$65.00$130.00$260.00
Interactive Brokers4$65.00$130.00$260.00
Schwab4$65.00$130.00$260.00
TD Ameritrade4$65.00$130.00$260.00

50 Puts

(100 total contracts)

tastyworks1
$20.00
E*TRADE4
$65.00
Fidelity4
$65.00
Interactive Brokers4
$65.00
Schwab4
$65.00
TD Ameritrade4
$65.00

50 Verticals

(200 total contracts)

tastyworks1
$40.00
E*TRADE4
$130.00
Fidelity4
$130.00
Interactive Brokers4
$130.00
Schwab4
$130.00
TD Ameritrade4
$130.00

50 Iron Condors

(400 total contracts)

tastyworks1
$80.00
E*TRADE4
$260.00
Fidelity4
$260.00
Interactive Brokers4
$260.00
Schwab4
$260.00
TD Ameritrade4
$260.00

Learn more about our commissions and fees

What options products can you trade with us?

The range of options product available on the tastyworks platform gives you the flexibility to find opportunity in a variety of market conditions; choose options products based on your investment objectives, financial standing, and risk tolerance.

Stock Options

Anticipate an individual stock's market movement using equity option strategies

ETF Options

Speculate on the performance of index and sector exchange traded funds (ETFs)

Index Options

Expand your exposure across stocks using European-style, broad-based index options

Futures and micro futures options are also available to trade in tastyworks accounts approved for futures.5 Learn how to enable futures trading at tastyworks.

What are options?

Options are contracts between two parties to exchange an underlying asset at a specific price by a certain expiration date.

By combining long and short options with Put and Call options, a variety of strategies can be utilized across different market environments.

While you can use options to speculate on the directional price movements of a financial instrument, options are non-linear. So, the probability of profit is also affected by factors such as implied volatility (IV), time to expiration and location of the strike price in relation to the underlying price.

How to Trade Options

  1. Do your research to get an understanding of how options trading works
  2. Create a tastyworks account or log in
  3. Choose your preferred market and asset
  4. Create a trading plan and a risk management strategy
  5. Open your options positions and monitor it
  6. Manage your option strategy before expiration

Open A Trading Account

  • Tap into features designed to support your trading

    Utilize innovative functionalities such as earnings indicators, correlation numbers and alerts

  • Find your inspiration and boost market awareness

    Get inspiration for your option strategies from the Follow Feed and video feed

  • Look back using historical options data

    Analyze the past performance of options for further insight before getting started6

  • Take measure of upside and downside risk

    Use the portfolio risk analysis tool to delve into potential upside or downside risk

Ready to Trade?

Open an Account

Trade Options on the Best Trading Platform2

At tastyworks, we empower you to trade the way you want. Whichever device you choose, our platform offers a fast, reliable, and safe trading experience.

Desktop
Desktop

Trade with our innovative trading software in desktop format for easy and fast access

laptop
Browser

Log in and trade from PC using the browser version, and still get all the bells and whistles

Try It Now
Mobile
Mobile

Take the tastyworks platform wherever you go and trade from anywhere

Get For IOS
Get For Android

1Exchange, clearing, and regulatory fees still apply for all opening and closing equity options trades. The following index products are excluded from the capped commissions offer: SPX, RUT, VIX, OEX, XEO, DJX, and NDX. For a complete list of all fees, click here.

2Named the Best Online Broker by Investor's Business Daily (IBD) in its ninth annual survey.

3$1.00 commission to open per contract, $0 commission to close ($10 maximum commission per leg). Applicable exchange, clearing, and regulatory fees still apply to all opening and closing trades.

4Commission comparison based on opening and closing online U.S. equity option trades at the published website commission schedules for retail accounts, as of 5/4/2022, for E*Trade, Fidelity, Interactive Brokers, Schwab, and TD Ameritrade. For Interactive Brokers, comparison based on customers trading less than 10,000 contracts a month with option premiums equal to or greater than 0.10 per contract. Supporting documentation for any claims, if applicable, will be furnished upon request.

5Futures account approval subject to tastyworks suitability requirements. Futures and futures options trading is speculative and not suitable for all investors. Please read all applicable futures risk disclosures at www.tastyworks.com/disclosures.

6Past performance is not indicative of future results.


tastyworks does not provide investment, tax, or legal advice. tastyworks’ website and brokerage services are not intended for persons of any jurisdiction where tastyworks is not authorized to do business or where such products and other services offered by the Firm would be contrary to the securities regulations, futures regulations or other local laws and regulations of that jurisdiction. Options involve risk and are not suitable for all investors as the special risks inherent to options trading may expose investors to potentially significant losses. Please read Characteristics and Risks of Standardized Options before deciding to invest in options.

Futures accounts are not protected by the Securities Investor Protection Corporation (SIPC). All customer futures accounts' positions and cash balances are segregated by Apex Clearing Corporation. Futures and futures options trading is speculative and is not suitable for all investors. Please read the Futures & Exchange-Traded Options Risk Disclosure Statement prior to trading futures products.

Copyrights, logos, and trademarks are property of tastyworks, Inc. All rights reserved. tastyworks, Inc., member
FINRA | SIPC | NFA