We currently provide level 1 & 2 options trading. We are currently working on offering tier 3, which would include multi-leg strategies such as Spreads and Straddles.

Tier 1 includes: Live

  • Covered Call
  • Cash-Secured Put

Tier 2 includes: Live

  • Covered Call
  • Cash-Secured Put
  • Long Call
  • Long Put

Tier 3 includes: Coming Soon

  • Spreads
  • Straddles
  • Other multi-leg strategies

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

For further educational information on Options trading, please refer to: https://www.optionseducation.org/

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.