A: You’ll need to have an account that’s cleared to trade options. At most brokers, that’s a simple Level 2 options clearance. You may already have this in place. If not, you can get this sorted out by contacting your broker and answering a few questions, but you will need about 48 hours before you can place your first trade. Occasionally, more complicated trades will require Level 3 clearance.
Category: Black Diamond