Market Insights

With clear options chains and flexible order entry, OptionStation® Pro can help assist your trading style.

To trade options effectively, understanding your trading tools is key. TradeStation’s OptionStation® Pro offers advanced features designed to help you analyze, place, and manage your options positions. You can select options to trade directly from the options tab, which provides a comprehensive view of all available options for various expirations of an underlying security. Clicking the bid or ask prices will bring up the trade bar, pre-filled with the option details. You can configure the click behavior to either directly trade or send the option details to the analysis tab for risk-reward assessment. 

Building a bullish position can involve buying a call option by clicking the ask price. When creating the long position, the selected option is highlighted in blue, and vertical green and red lines appear next to the strike prices to indicate potential profit, loss, and break-even points. The order ticket will populate at the bottom of the window, with the limit price set to the mid-price. You may adjust all aspects of your order before placing it, including order type, duration, quantity, and option characteristics like expiration date and strike. 

Once a position is open, you can view the position details on the manage tab, where orders can be filtered based on their status (queued, filled, or canceled). To manage open positions, they are grouped by symbols, and clicking the arrow on the left of the symbol will expand individual positions under each symbol. To add a stop loss to an open position, you can create a stop market order by right-clicking on any open position and choosing to close the position, and setting the stop price to your desired exit point.

Get to know the TradeStation platform in greater detail by exploring the our QuickStart series. 

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Disclosures: 

Options trading is not suitable for all investors. Your TradeStation Securities’ account application to trade options will be considered and approved or disapproved based on all relevant factors, including your trading experience.  

See www.TradeStation.com/DisclosureOptions. Visit www.TradeStation.com/Pricing for full details on the costs and fees associated with options. 

Margin trading involves risks, and it is important that you fully understand those risks before trading on margin. The Margin Disclosure Statement outlines many of those risks, including that you can lose more funds than you deposit in your margin account; your brokerage firm can force the sale of securities in your account; your brokerage firm can sell your securities without contacting you; and you are not entitled to an extension of time on a margin call. Review the Margin Disclosure Statement at www.TradeStation.com/DisclosureMargin. 

This content is for educational and informational purposes only. Any symbols, financial instruments, or trading strategies discussed are for demonstration purposes only and are not research or recommendations. TradeStation companies do not provide legal, tax, or investment advice.