Tiger Brokers

What is an option?

Options are contracts that allow buyers to buy or sell specific assets, like stocks, indices, or commodities, at a set price on a future date.

They're mainly used for risk management—protecting against market ups and downs—and speculation, where investors bet on market changes at a lower cost. Options stand out for their leverage, which lets you control more with less money, increasing both potential gains and losses. Since trading options involves knowing the market and having a strategy, they're best suited for those with experience.

Advantages of options

Flexibility

Investors can purchase both call options (predicting that the underlying asset's price will rise) and put options (predicting that the underlying asset's price will fall). This dual nature allows investors to flexibly respond to different market trends.

Leverage

Option contracts have varying degrees of leverage that will enable investors to control larger positions with relatively less capital. This leverage can amplify potential profits but also comes with higher risk for losses.

Controlled Risk

The maximum potential loss is limited to the premium paid for the option contact. This means that the risk associated with buying options is known and finite.

Risk Hedging

Options can be used to hedge against potential losses in stocks or other asset portfolios. This allows investors to more effectively manage the volatility of their investments.

Advantages of trading options on Tiger Trade

Free real-time market data

Free L1 real-time quotes for US options.

Subscribe seasoned investors' orders with Trade Feed

Get trading inspirations, and leverage tools such as Options Screener, Options Statistics, Top Options Ranking, and Bulk Order, to enhance your trading strategies.

Short options with cash accounts

Covered call & cash-secure short put available, facilitating diverse strategies.

Advanced order types

We offer Conditional Orders, Attached Orders, and OCA Bracket Orders to enhance your strategic flexibility. Early exercise and do-not-exercise are also available on the app. Learn more

Grow with the community

Elevate your options trading expertise by tapping into the knowledge of the community, where investors exchange insights and investment ideas.

Images displayed are for illustrative purposes only.

Practice options trading with a demo account

New to options trading?
Not to worry! Our $1M demo account is your playground to hone your options trading skills. Only funded accounts have access to real-time market data options.

*Availability of combination options in the demo account is subjected to the actual date of release.

Guide to trading options on Tiger Trade

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Click to register and open an account, it takes only a few minutes to submit your information

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Search and visit a stock's detail page (e.g., Apple AAPL), then click the Options tab to view the options chain.

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Select an option, you can add it to your watchlist or set alerts.

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View more details by clicking on an option; confirm call/put and buy/sell, submit your order. Find, modify, or cancel pending orders under "Portfolio - Orders".

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Sign up

FAQs

What types of US options trading does Tiger Trade support?

Tiger Trade supports long opening, selling covered calls and selling cash-secured puts for US options in Australia.

Does Tiger Trade support pre-market and after-hours trading for US options?

Due to exchange regulations, US options trading is not available in pre-market and after-hours trading. However, you can place orders during non-trading hours and Tiger Trade will submit the orders when the market opens.

Does Tiger Trade support early exercise?

Tiger Trade supports early exercise for American options in US options and do-not-exercise for both American and European options in US options.

How does a stock split affect the price of options?

The value of your options position will remain unchanged after a stock split, but the contract price and quantity will change according to the split ratio. Existing options will be traded under a new symbol, and liquidity may be reduced.

Which US stocks support options trading?

Click on the icon located next to the buy/sell button on the order page to view the estimated margin, the commission cost and other important information.