Options Trading at TDSC

Equity option orders may be placed until the equity market closes at 4:02 PM EST. Index option orders may be placed until the index option market closes at 4:15 PM EST. Customers cannot place equity option orders between 4:02 and 4:15 for next day queue.

To write naked puts, accounts must have a minimum equity of $25,000. Additional criteria must be met before accounts are approved for naked put writing including:

20% of the current market value of the underlying security
+ the premium of the option received
+ initial (one-time) $10,000 for the first naked transaction
+ additional $5,000 per 25 contracts.

Please note that writing (shorting) of index options and shorting of naked calls are not permitted.

As a reminder, every customer approved for option trading has verified in the option agreement that he/she has read and understands the information and risks contained in the risk disclosure document and any supplement issued by the various exchanges and the Options Clearing Corporation.