Advance your portfolio with low-fee options trading
Intuitive trading and contracts as low as $0.75 USD.
Go beyond buying and selling stocks
Boost profit potential
Instead of just buying or selling, you can speculate on stock movements by predicting “how much” and “by when” that stock will move.
Limit your losses
When a stock’s value is decreasing, options can help you soften the blow. If your prediction on a stock’s decline comes true, you won’t lose out as much.
Diversify for less
Buying options can be more cost-efficient than buying stock outright. You can gain exposure to the market without spending as much cash.
New Feature
Earn extra income with covered calls
Put the stocks you already own to work and earn options premiums for doing (almost) nothing. Plus, keep more of what you make with $0 commission.
Smooth trading experience
Our straightforward options trading flow makes it simple to understand the call, put, and strike price for any available security.
Get started in minutes
No visits to a branch, no mandatory phone calls, and no paperwork. Answer a few quick onboarding questions and start trading options right away.
Designed for all investors
We’ll help you learn all the benefits and risks right in the app, so if options are right for you, you can start trading with confidence.
Coming soon
This is just the beginning
As markets change, your investing strategies will too. We adapt with you. Stay tuned as we roll out advanced trading tools.
Make your investments even more rewarding
Unlock access to benefits and rewards from one of our trusted partners, like Uber, Strava, Headspace, and more, when you have $200,000+ with us.
Learn more about options trading
If you’re new to options, it’s a good idea to understand the risks. Our help centre has you covered.
FAQs
Options trading is a type of investing that gives you the right (but not the obligation) to buy or sell a stock/ETF at a specified price (“strike price”) on or before a certain date (“expiry date”).
So instead of simply buying or selling a stock at its current market price, you can speculate on how it’ll perform in the future.
Currently, we support the following types of trading strategies:
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Long call options: These give you the right (not the obligation) to buy a stock at a specific price (“strike price”) on or before a certain date (“expiry date”). They’re generally useful if you think a stock price will rise.
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Long put options: These give you the right (not the obligation) to sell a stock at a specific price (“strike price”) on or before a certain date (“expiry date”). They’re generally useful if you think the stock price will fall.
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Covered calls: Sell (or “write”) call options against the underlying stock you own. A call option lets you take a position on a stock, giving you the right to buy or the obligation to sell a fixed number of shares at a specific price (the “strike price”) by a specific date (the “expiration date”).
We’re just getting started. Stay tuned for more advanced trading strategies coming soon.
You can trade options with any of your Stocks & ETFs accounts – that means TFSAs, RRSPs, or Personal accounts.
Heads up: There are tax implications when trading from specific account types. Make sure you know those details before you start trading — this help centre article has all the details.
We offer options trading on hundreds of US stocks and ETFs across the NYSE and NASDAQ exchanges.
This is just the beginning, stay tuned for more symbols.
Yes, you can trade all options on the mobile app and on desktop — whichever you prefer.
Good on you. It’s always a smart idea to do extra research on new investing strategies before diving in.
If you’re the “learn-by-doing” type, our app provides step-by-step education to help you understand calls, puts, strike prices, expiry dates, and more. That way, you can trade options with more confidence.
If you’re more of a reader, we’ve put together some articles that explain how options trading works in Canada. We recommend starting with What are Stock Options and How Do They Work.
Yes, on top of our standard $2 or $0.75 contract fees, regulatory fees are added to each transaction. Also, depending on the type of transaction, there may be additional fees to consider. For more information, please see our Trade Fee Disclosure.