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Options trading permissions are split into four levels. These have been listed below.
Level 1
This includes:
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Covered Call/Covered Basket Call
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Buy Write
Level 2
This includes everything in Level 1 plus:
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Long Call
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Long Put
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Covered Put
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Protective Call
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Protective Put
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Long Straddle
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Long Strangle
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Conversion
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Long Call spread
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Long Put spread
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Long Iron Condor
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Long Box Spread
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Collar
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Short Collar
Level 3
This includes everything in Level 1 and 2 plus
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Short Put
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Synthetic
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Reversal
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Short Call Spread
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Short Put Spread
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Short Iron Condor
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Long Butterfly
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Unbalanced Butterfly
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Short Butterfly
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Calendar Spread - Debit
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Diagonal Spread - Short leg expires first
Level 4
This includes everything in Levels 1, 2, and 3 plus
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Short Naked Call
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Short Straddle
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Short Strangle
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Short Synthetic
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Calendar Spread - Credit
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Diagonal Spread - Long leg expires first
To request these trading permissions, please take the steps outlined below.
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Click the User menu (head and shoulders icon in the top right corner) > Settings > Trading > Trading Permissions.
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The Trading Permissions panel displays your current trading permissions. Select Update Options Level.
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Select the level of Option trading you wish to trade
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Press Continue to save these changes.
Options Level Trading Permissions are available for all IB entities except IB-IN and IB-CA.
Last updated on May. 20, 2024
