Right now, thousands of retail investors can get approved for options trading. Olive is pioneering better ways to leverage options with safety, certainty, and accessibility.
If you’re interested in options trading, but are unsure whether you can get approved or not, follow the steps below.
1.) Sign into your brokerage account. This might be TD Ameritrade, Charles Schwab, E*TRADE, Fidelity, Interactive Brokers, or Webull. Currently, Olive is exclusively integrated with TD Ameritrade. More brokerage integrations are coming soon.
2.) To access the options approval screen, log into TD Ameritrade and use the Search tab to look up "Options." Then select " Request Options Approval or Upgrade" from the Quick View menu.
3.) Click apply. Once you do, the application will ask some general questions about your personal information, employment status, financial info, and investment objectives.
HINT: Higher options approval levels allow for more aggressive investment objectives.
4.) After you fill this out, submit the application.
5.) When your application is reviewed and approved, you will be assigned a trading level. With TD Ameritrade, the four levels are covered, standard cash, standard margin, and advanced. In order to execute outcome trades in Olive, you must be approved for Tier 2 (standard margin). You can always update your trading level later on, and each brokerage may have different standards for upgrading approval level.
Why should you get approved to trade options?
Options trading is a great way to diversify your investment strategy. However, once your account is approved, we strongly encourage you to take an adequate amount of time to educate yourself on options trading.
You’re approved and ready for Olive.
Before Olive, options trading posed higher levels of risk and uncertainty for retail investors. Today, the wall of complexity that once separated institutional investors from retail traders is beginning to crumble.
Options trading has historically been complex and inaccessible for retail investors. Today, it doesn’t have to be complex or confusing anymore. Let Olive guide your investment strategy and help you leverage options with clarity and confidence. Visit our website to join the waitlist, and begin your options trading journey with us today!