Currently, we support writing Covered Calls (including Roll Forward), writing Cash-Secured Equity Puts, purchasing Calls & Puts; as well as Spreads & Straddles, Butterfly, Condor, and Iron Condors (we do not offer Iron Butterfly); and writing Uncovered Puts.
Please note that at this time we do not support Calendar & Diagonal Spreads on Index Options.
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.