OptionsFirst™ offers simple and straight-forward pricing.
Option orders are just $7 per ticket plus $1.25 per contract on all orders regardless of the number of legs.*
With OptionsFirst, there are no volume requirements. The same low Scottrade margin interest rates are also available.
Options involve risk and are not suitable for all investors. Detailed information on our policies and the risks associated with options can be found in the Scottrade Options Application and Agreement, Brokerage Account Agreement, and by downloading the Characteristics and Risks of Standardized Options and Supplements (PDF) from The Options Clearing Corporation, or by requesting a copy from your local branch office. Market volatility, volume, and system availability may impact account access and trade execution. Supporting documentation for any claims will be supplied upon request. Consult with your tax advisor for information on how taxes may affect the outcome of these strategies. Keep in mind profit will be reduced or loss worsened, as applicable, by the deduction of commissions and fees.
There are special risks associated with uncovered option writing that may expose investors to significant losses. Therefore, this type of strategy may not be suitable for all customers approved for options transactions. Clients approvedfor uncovered put writing must acknowledge having received and read the Special Statement for Uncovered Options Writers concerning the risks of this type of trading.
Multiple-leg option strategies can entail substantial transaction costs, including multiple commissions, which may impact any potential return.
Margin trading involves interest charges and risks, including the potential to lose more than deposited or the need to deposit additional collateral in a falling market. Scottrade’s margin agreement is available at scottrade.com, or through a Scottrade branch office, and contains the Margin Disclosure Statement and information on our lending policies, interest charges, and the risks associated with margin accounts.
Investors should consider the investment objectives, risks, charges, and expenses of mutual fund carefully before investing. Mutual funds are subject to market fluctuation including the potential for loss of principal. A prospectus contains this and other information about the fund and may be ordered through www.scottrade.com or through a Scottrade branch office. The prospectus should be read carefully before investing.
No transaction fee (NTF) funds are subject to the terms and conditions of the NTF funds program. Scottrade is compensated by the funds participating in the NTF program through recordkeeping, shareholder, or SEC 12b-1 fees.
Investors should consider the investment objectives, charges, expense, and unique risk profile of an Exchange Traded Fund (ETF) carefully before investing. The prospectus contains this and other information and should be obtained from the issuer.
The prospectus should be read carefully before investing.
Scottrade, Apex and Interactive Brokers are not affiliated. Although the sources are deemed to be reliable, Scottrade makes no warranty with respect to the contents, accuracy, completeness, timeliness, suitability, or reliability of the information. None of the information presented constitutes a recommendation by Scottrade or its affiliates to buy, sell or hold any security or financial product or instrument, or to engage in any specific investment strategy. The choice to engage in a particular investment strategy or use a specific investment tool should be based solely on your own research and evaluation of the risks involved, your financial circumstances and your investment objectives.
Market volatility, volume, and system availability may impact account access and trade execution.
All investing involves risk. The value of your investment will fluctuate over time and you may gain or lose money.