Trading Options & LEAPS
Trading options requires the permission of your brokerage firm. To determine if you need this permission or if you are already eligible for trading options, ask yourself this question: "Do I already have a stock brokerage account, and if so, can I trade options in that account?"
If you do, then you need not change brokers or open any new accounts. As long as you have speculative capital in the account, you're ready to start. If you have a stock account that isn't set up for options, call your broker to upgrade your existing account to enable you to trade options.
The account should allow you to buy put and call options on equities and indexes, as well as enable you to invest in other option strategies such as "spreads," "straddles" and "strangles." Having this level of options trading ability will allow you to invest in all of the strategies or recommendations presented in the Safe Money Report and our Premium Services products.
If you do not currently have a stock brokerage account, you'll need to open one. Your two choices are a full-service broker or a discount broker. Whichever you choose, the broker should offer you online access and trading. Consult our Broker Guide to decide which type of broker is best for you.