Unlike stocks, trading options requires a specific approval process from your broker due to the higher risks involved.
: The date the contract becomes void. If the stock hasn't moved as expected by this date, the option may expire worthless, and you lose the premium paid. 2. Preparing to Trade
: Most brokers assign levels based on your experience. Beginners typically start at Level 2 , which allows for basic buying of calls and puts.
: Look for platforms with low per-contract fees and robust educational tools. Common choices include Interactive Brokers and Questrade .