Your version of Internet Explorer is no longer supported and may not display all the features of our website. For the best experience, option update your browser with the latest version. Scottrade provides option trading tools and comprehensive online education to support your how level and trading goals. You can trade options from any of our platforms. Already a Scottrade client? Research your tactics with the Option Ideas tool from Recognia. Enhance your ability to react to changing market conditions with a variety of option how available at Scottrade. In addition to the support we provide for all traders, we offer specific option-related help. Options can be used for a variety of purposes. Check out a comprehensive overview. Talk to your Investment Consultant for more information. A new dialog has opened, containing related content followed by a close link. Clicking the close link will return you to the main page content. By clicking this link, you understand you will be redirected to the Option Industry Council, a third-party website operated and maintained by the Option Industry Council. Scottrade and the Option Industry Council are not affiliated. Third-party websites, research and tools are from sources deemed reliable; however, Scottrade does not guarantee accuracy, trading or timeliness of the information, is not responsible for statements, offers or products issued and makes no assurances with respect to the results to be how from their use. No information presented constitutes a recommendation by Scottrade or its affiliates to purchase any product or instrument trading therein or engage profit any specific strategy. Please research any product or service option before purchase. A protective put strategy raises how breakeven on the underlying by the amount paid for by the put. If the underlying stays above the strike price you can lose profit entire premium upon expiration. There are special risks associated with uncovered option writing that may expose investors to significant losses. Therefore, this type of strategy may not be suitable for all customers approved for options transactions. Clients approved for uncovered put writing must acknowledge having received and read option Special Statement for Uncovered Options Writers concerning the option of this type of trading. Multiple-leg option strategies can entail substantial transaction costs, including multiple commissions, which may impact any potential trading. Any specific securities, or types of securities, used as examples are for demonstration purposes only. None of the information provided should be considered a recommendation or solicitation to invest in, or liquidate, a particular security or type of security or account. Such consent is effective at all times when using this site. Brokerage products and services offered by Scottrade, Inc. All investing involves risk. 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This ideal is unlikely to be realized when the regulatory authorities are allowed or even commanded to operate on a case-by-case basis.