Scottrade® OptionsFirstTM retired April 30.
- If you have questions about accessing your account, please contact us at 800.619.7283.
- For more information about transitioning your account to Scottrade, read Transferring Your Account to Scottrade or contact your local Scottrade team.
- If your strategy involves trading spreads and uncovered calls, we’ve worked with Interactive Brokers to offer a new enhanced active trading solution that may suit your needs.
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 approved for 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.
While there is income potential from spread trading, there are additional risks, which include but are not limited to, the risk of being assigned on one leg due to early exercise and order execution risk. Order execution risk exists due to multiple factors including, but not limited to, the fact that spread orders are not held and are discretionary, as well as the risk of delayed reporting of executions.
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. IB’s margin agreement is available at IB's website, and contains the Margin Disclosure Statement and information on lending policies, interest charges, and the risks associated with margin accounts.
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.
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.