Alpaca Securities will withhold these fees when applicable. These fees are subject to change without notice

Type Amount When Charged By
Trading Activity Fee (TAF) $0.00279 per contract Sells only FINRA
Options Regulatory Fee (ORF) $0.02685 per contract Buys and sells Option Exchanges
Options Clearing Corporation (OCC) $0.02 per contract capped at $55 per trade Buys and sells up to 2750 contracts Options Clearing Corporation
Options Clearing Corporation (OCC) $55.00 per trade Buys and sells over 2750 contracts Options Clearing Corporation
Regulatory Transaction Fee $0.000008*Total $ Trade Amount (Min $0.01) Sells only Securities and Exchange Commission

For further details on option trading at Alpaca, please navigate to our documentation.

For further educational information on Options trading, please refer to:

Options trading is not suitable for all investors due to its inherent high risk, which can potentially result in significant losses. Please read Characteristics and Risks of Standardized Options before investing in options.

All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns. There is no guarantee that any investment strategy will achieve its objectives. Please note that diversification does not assure a profit, or protect against loss. There is always the potential of losing money when you invest in securities, or other financial products. Investors should consider their investment objectives and risks carefully before investing.