Webull Financial Debuts Options Trading
NEW YORK—March 10, 2020 — Webull Financial LLC, an independent, self-directed broker dealer focused on zero-commission trading and in-depth market data, today announced the official debut of Options Trading (https://www.webull.com/options). As the newest addition to Webull’s extensive list of trade offerings, Options Trading was added to the platform as a result of both customer feedback, and the company’s overarching goal to make Webull a top destination for all traders.
The official launch follows a hugely successful options Beta testing period, which prompted an overwhelmingly positive response from users who signed-up for this initial phase.
“Bringing options trading to our larger platform is something we have definitely been looking forward to,” said Anthony Denier, CEO of Webull. “We strive to bring the best tools to our users and, after seeing the enormous response during the beta phase, we knew options trading would be embraced by our growing user base.”
Available in the U.S. only, Options Trading is accessible on the latest versions of the Webull 6.0 mobile and desktop platforms (https://www.webull.com/introduce). Basics features of options trading include:
· Option Contract: A stock option contract that is an agreement between a buyer and a seller to buy or sell a stock at a specific price within in a given time frame.
· Call Option: A call option gives the buyer the right to buy the underlying security for a specified price and obliges the seller to sell the underlying security at that price.
· Put Option: A put option gives the buyer the right to sell the underlying security at a specified price and obliges the put seller to buy the underlying security at that price.
· Premium Option: The cash price the option buyer pays to the option seller.
· Strike Price: The strike price is the pre-determined price at which the option contract becomes exercisable.
· In/At/Out of the Money:
· In the Money. When an option contract is worth exercising, it is “in the money”. A call is in the money when the underlying stock price exceeds the strike price. A put is in the money when the underlying stock price falls below the strike price. Option buyers want the option contracts to be in the money.
· At the Money. An option is “at the money” when the market price equals the strike price.
· Out of the Money. An option is “out of the money” when it is not worth exercising. Option sellers want the option contracts to be out of the money.
· Expiration Date: Options carry an expiration date which specify the last day the option contract exists. In the U.S., options allow buyers to exercise the rights at any time before and including the day of expiration. Any contracts owned that are at least $0.01 in the money at expiration will be automatically exercised. Those at or out of the money at expiration will expire.
Option Order Entry begins at 8 am; Option Market Hours are 9:30 - 4PM. ET every trading day, until the option is set to expire. Currently, Webull is working to expand into Level 3 Options Trading to bring more complex order types to its 11 million users worldwide.
Options involve risks and are not suitable for all investors as the special risks inherent to options trading may expose investors to potentially rapid and substantial losses. Please read Characteristics and Risks of Standardized Options before investing in options.
About Webull Financial
Webull Financial LLC is a broker-dealer registered with the Securities and Exchange Commission (SEC) and is a member of the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC). The headquarters of Webull Financial LLC is located at 44 Wall Street, New York, NY, USA.