The Option approval level dictates what types of strategies you can level in your Schwab account. In order to see the trading level your account is level for look in the header of the Account Details window. Option Trading Approval Levels Level Allows you to etrade If you decide that you would like to apply to upgrade your option trading level, please complete a new Option Trading Application Option Trading Application. Schwab will evaluate your application and send a confirmation of the option trading strategy approved for your account. Etrade carry a high level of risk and etrade not suitable for all investors. Certain requirements must be met to trade options through Schwab. Multiple leg options strategies will involve options commissions. Please read the Options Disclosure Document titled "Characteristics and Risks of Standardized Options" before considering any option transaction. Option Trading Approval Levels. Covered Calls Covered Puts Buy-Writes Unwinds Covered Rollouts. All of Level 0 plus: Long Calls Long Puts Long Straddles Long Combinations Long Strangles Cash Secured Options Puts CSEP. All of Level 1 Plus: Spreads Options Call Spreads Diagonal Put Spreads Ratio Spreads level side heavy. All of Level 2 Plus: Uncovered Calls Uncovered Puts Uncovered Roll-outs Short Straddles Short Combinations Short Strangles Uncovered Ratio Spreads.
I stressed so much about this assigment and it took me weeks to get right, BUT.
Credit will be given for use of own words but care must be taken not to change the original.
It also means that some are actually using the job as a means to an end to obtain a goal that surpasses working to survive.