Welcome to the world of options trading! If you haven’t read our other posts on how exactly options work, the link is here so go check it out!
Have you ever wondered what it’s like to really trade options in a brokerage? In this post, we’ll take a closer look at how to enter those trades into your brokerage and what options trading actually looks like! We’ll cover how to trade options for all the brokerages that BrokerBotics supports. Those brokerages include the following: Tradier, TradeStation, and TastyTrade.
This post will cover how to place both a sold put on Tradier!
Here’s how to sell a put in Tradier! In this example we will sell a put on Apple around 10% away from its stock price and will ask for a $0.05 per share or $5 credit.
I hope this video is helpful! Here’s a step-by-step guide based on it:
- Log into your Tradier account and go to the dashboard (where the video starts).
- Click the “Trade” button at the top and search for the stock you want to trade.
- From the dropdown menu, select “Option,” then choose your expiry date and strike price.
- Decide which type of option you want to sell. In this example, we’re selling a put option, so select “Put.”
- Choose the side for the trade; in this case, select “Sell to Open” to sell the put.
- Enter the quantity of orders you wish to place, and the credit you want to receive.
- Review your order, and if everything looks correct press submit!