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Options Trading

Professional Options Chain
Click-to-Leg Strategy Builder

Trade options with a live chain showing all expirations, Greeks, bid/ask, and open interest. Click any bid or ask to instantly build multi-leg strategies.

Start Trading OptionsOptions Education
$0.60
Per contract
Volume discounts available
$0
Exercise & assignment
No hidden fees
All
Expiration cycles
Daily, weekly, monthly
Live
Greeks streaming
Delta, gamma, theta, vega

Common Option Strategies

Covered Call

Risk: Low

Sell a call against shares you own. Generate income while capping upside.

Long 100 shares
Short 1 OTM call

Cash-Secured Put

Risk: Low-Med

Sell a put and hold cash as collateral. Get paid to potentially buy at a lower price.

Short 1 put
Hold collateral cash

Bull Call Spread

Risk: Defined

Buy a lower strike call, sell a higher strike. Reduces cost basis with capped profit.

Long 1 lower call
Short 1 higher call

Iron Condor

Risk: Defined

Sell both a put spread and call spread around the current price. Profit from low volatility.

Short put spread
Short call spread

Long Straddle

Risk: Defined

Buy both a call and put at the same strike. Profit from a large move in either direction.

Long 1 ATM call
Long 1 ATM put

Protective Put

Risk: Defined

Buy a put against long stock as insurance. Limits downside while maintaining upside.

Long 100 shares
Long 1 put

Understanding the Greeks

Delta (Δ)

Rate of change of option price relative to underlying price movement.

Gamma (Γ)

Rate of change of delta — acceleration of price sensitivity.

Theta (Θ)

Time decay — daily erosion of option value as expiration approaches.

Vega (V)

Sensitivity to implied volatility changes. Higher vega means more IV exposure.

Rho (ρ)

Sensitivity to changes in the risk-free interest rate.

IV Rank

Current IV relative to its 52-week range. Helps gauge if options are cheap or expensive.

Trade Options Like a Pro

Full options chain, multi-leg tickets, and live Greeks — open free today.

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