6 Key Details to Place an Options Trade (Step by Step 🚀) | #OptionsHandbook EP040

Compared with the relatively simple stock trading interface, placing an options order looks a bit more complex.

📒 But don’t worry — The Options Handbook has a dedicated chapter walking you through paper trading so you can go from 0 to 1 in no time.

Here are the 6 details to watch out for:

▶ Detail 1: Pick your underlying asset — this could be a stock, ETF, or index. Tap the “Options” tab.

▶ Detail 2: On the options chain, switch the expiration date, and pick a contract to view the details of one specific option.

▶ Detail 3: Tap "Demo Buy" or "Demo Sell" at the bottom. Double-check the direction — don’t mix it up!

▶ Detail 4: Set contract details, such as quote type, strike price, number of contracts (remember: in U.S. markets, 1 option contract = 100 shares), validity period, profit-taking and stop-loss conditions, etc.

▶ Detail 5: Tap "Place Buy Order" and confirm the order details (even pros sometimes mess up and reverse their trade — see Chapter 8 of The Options Handbook for real stories!).

▶ Detail 6:Once filled, your position will appear under "Portfolio."🎯

🎁 If you want to say goodbye to the fear of “pressing the wrong button,” grab a copy of The Options Handbook. With clear visuals and step-by-step guides, it explains both strategies and execution. Now available in the Tiger Coin Center! 🐯

>> Redeem Options Handbook Now <<

>> Click here for the Simplified Chinese version <<