Trading Direct

Uncovered Options Trading

Clients who are authorized for uncovered options trading, may sell (write) uncovered puts as an opening position.  Orders for this type of trade may be placed via phone, or online.  If you would like your account to be enabled for selling puts online, please contact us.

Note: In addition to approved options trading agreement, a valid margin agreement must also be on file for your account in order to sell uncovered puts.  These forms are available in the document center.