Option orders (in exchange-listed put and call options) may only be entered by customers who have had their accounts approved for option trading. You may apply for an option account by signing and returning the Client Option Agreement (OA) and filling out, signing and submitting the Client Qualification Form Options.
Be sure to read the booklet we will supply you along with the above forms:
CHARACTERISTICS AND RISKS OF STANDARDIZED OPTIONS.
| Option trades settle the
first business day following the trade date. For this reason, your account must have sufficient cash or (for margin approved accounts) buying power to cover the requirement of the trade you contemplate prior to your entering the order. |
