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Options trading

Covering (and uncovering) all your options trading bases

Traders need options and so we deliver. We offer standard option contracts and mini option lots, single leg and multi-leg strategies, both American and European option styles. Next, we provide our IQ trading platforms free of charge to all our clients and the platforms come with built-in charting, research, and market data right at your fingertips. Finally, to top it off, we keep our options commissions low and easy-to-understand.

You like options? So do we. In fact, we like options so much we wrote three eBooks about trading them. Best of all, they’re free. These books offer valuable insight into our 17 option strategies, including tutorial videos, real-world scenarios and much more. Pick the book that suits your level of options familiarity.

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Download Option strategies for novice traders
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Download Option strategies for intermediate traders
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Download Option strategies for advanced traders
Options
Options
Watch the video to learn more about options

FAQs

What exactly are options?

Options are a contract that gives you the right (but not the obligation) to buy or sell a security at a set price up to a future date. With standard options, the contract is the right to buy or sell 100 shares of the underlying stock.

Although options can be a speculative investment better suited to experienced traders, many strategies are more conservative, and can be a tool to hedge against market fluctuations.

What are mini option lots?

Mini options allow you trade options in smaller lots. Standard options are traded in lots of 100 shares. With mini options, you can trade in lots of 10. This makes higher-priced securities more affordable for option traders. It is also a good stepping-stone for traders newer to option trading.

What’s good about trading options with Questrade?

This is where we really have you covered.

  • With Questrade’s trading environment and on all of our specialized platforms (IQ Edge and our mobile app), you can trade any standard and mini lots available in the North American markets.
  • You can place multi-leg strategies in IQ Edge. You can view these strategies on your Questrade account.
  • Are you new to options trading? Our new workspace for IQ Edge is pre-set with our most popular templates so you can quickly research and trade options.
  • You can learn more about options trading strategies in our growing options help library.
How much does it cost to trade options with Questrade?

Are you an active option trader? Register for an advanced U.S. (or Canadian) market data package, and your options commissions are as low as $4.95 plus 75¢ per contract. This is part of our program called the Questrade Advantage, which also includes stock trades as low as 1¢. Read more about the Advantage and about our market data packages.

With our free live streaming U.S. market data or level 1 data with our enhanced data package, option commissions are $9.95 plus $1 per contract.

Watch our video playlist about data packages on YouTube.

How do I create a bracket order?

You can create a bracket order through your IQ platform. Once you enter the security name, you can determine the quantity you want to trade, the order type, the limit, the duration, route and sub route.

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