What do most brokers require to trade options ?

[Aston01]

I know there are all different levels of complexity when it comes to trading options, but as a rule of thumb for the less complex strategies such as buying a Call or a Put (to be traded not as a Covered Call or Protective Put) what do most brokers require to authorize an account for such use ?

 

[Rhody Trader]

The filling out of forms saying you understand the risks. That's about it. If you're just going long the options then you wouldn't need to have a marginable account.

 

[Aston01]

Thanks Rhody...just wanted to know what to expect

 

[AfternoonT]

I know there are all different levels of complexity when it comes to trading options, but as a rule of thumb for the less complex strategies such as buying a Call or a Put (to be traded not as a Covered Call or Protective Put) what do most brokers require to authorize an account for such use ?

Hi there,

If you are trading in the US, all regulated brokers are required to give you this:
'
Characteristics and Risks of Standardized Options by OCC '( Options Industry Council)

Their website is an education tool...

Regards,
AfternoonT

 

[toomuch]

An account, capital, and your signature on risk disclosures

 

[toomuch]

That's about it.