Currently, Firstrade does not offer uncovered (naked) call trading. Uncovered calls involve high levels of risk. For example, if you write a naked call and the price of the underlying security rises, there's no limit as to how much you can potentially lose if the stock keeps rising.
Disclosures
Options trading entails significant risk and is not appropriate for all investors. Certain complex options strategies carry additional risk. Firstrade does not guarantee favorable investment outcomes, and 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. To learn more about the risks associated with options, please read the Characteristics and Risks of Standardized Options before you begin trading options.