Most brokerages use Options Levels to help investors understand the complexity and risks of different Options strategies, and help educate investors to prevent them from engaging in risky strategies that do not align with their stated investment objectives and/or experience levels.
Prior to granting you Options trading access on Public, we’re required to evaluate whether various levels of Options strategies are appropriate for customers, based on information such as your equities & Options trading experience, investment goals, financial situation, and risk tolerance. Each brokerage has the discretion to set the specific parameters for their customers.
At Public, our Options levels provide access to different kinds of Options strategies. Our levels are:
Covered Calls (Coming later in Q1 to Public)
Cash-secured Puts (Coming later in Q1 to Public)
All Level 1 Strategies
All Level 1 & 2 Strategies
Spreads, Butterflies, and Condors (Coming in Q2 to Public)
Level 1 - 3 Strategies
Naked Calls & Puts (currently unavailable)
If Public does not approve you for Options trading:
In some instances, Public may not be able to approve you for options trading during Options onboarding. Reasons may include:
Failure to meet our options eligibility requirements
Inconsistent or inaccurate data on your application
For further questions please contact Member Support via in-app chat or email at firstname.lastname@example.org.