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Options

Options

What are options?

Benefits of options

Higher trading leverage

Since each option contract represents 100 shares of an asset, any change in the asset’s value has a bigger overall effect than purchasing an individual share.

Hedge your investments

A put option lets you sell your shares of a company at a set price before the option’s expiry date, giving you an easy way to limit your losses if the value of your shares drops.

Expand your strategies

Take advantage of more than just price increases or decreases. The passage of time and movements in volatility can also affect the value of an option contract.

How to start trading options

Ready to make options a part of your investing strategy? It’s as simple as opening an account, doing your research and placing an order from our Edge platforms.

Straightforward options pricing, no hidden fees

Buy and sell options for just

$9.95 1

Plus $1 per contract

Unlock even lower fees. Get Active Trader pricing, available with a rebatable* advanced market data subscription.

PlanCommission
No plan$9.95 + $1/contract
Variable, for higher-cost shares$6.95 + $0.75/contract
Fixed, for high-volume trading$4.95 + $0.75/contract

*Eligible for full rebate depending on how much you trade.

Trade options with confidence

With a self-directed Questrade account, you have access to the tools, resources and support you need to make stock trades confidently.

Self-directed investing

I want to invest by myself

  • Trade stocks for as little as 1¢/share 1, buy ETFs for free 1, and more

  • Find fresh new trading ideas with easy-to-use research tools

  • Mobile, web or desktop—trade your way on powerful platforms

We’re here to help you get started

Our account specialists are available to assist with any account-related questions you may have, and to help you get set up.

Reach us by phone

Toll-free Within Canada

1.888.298.4515

From the U.S.

1.416.227.6615

International

(001) 416.227.6615

Phone hours

Monday-Friday, 8:30 AM to 8 PM EST

Get answers to frequently asked questions

In options trading, you are purchasing a contract that represents shares of an underlying asset (like a stock) that gives you the right to buy or sell that asset at a set time for a set price.

When you buy a stock, you get a small piece of ownership in a company. Options, on the other hand, are contracts that give you the right to buy or sell an asset at a set price by a set date.

Questrade separates options into four different levels depending on their risk. Level 1 and 2, the least risky, have no minimum equity requirements. You can learn more about options levels here.
You can buy and hold Level 1 and 2 options in a registered account. Due to industry regulations, you’ll need a margin account to hold Level 3 or 4 options. Learn more about the options levels here.
Puts and calls are the two types of option contracts. They give you the right to buy (Calls) or sell (Puts) an asset at a set price, by a set date, no matter how its value has changed.

1Exchange and ECN fees may apply. Only applies to Canadian and US listed ETFs.