Quick Trade with Options Discover

Do you find placing trades through the options chain too complex? Let’s try out Options Discover, a simplified way to create your options trade!

Key takeaways

  • Background information.
  • Advantages of using Options Discover.
  • Learn how to place an options order.

What is Options Discover?

Options Discover streamlines the trade process and gives investors a simpler way to place option trades. 

Note:

  • Options Discover is only available to users who have access to options trading.
  • Please update your app to the latest version.

For example, if Alice wants to generate income from her current long positions in XYZ stock while the market trades sideways. What should she do? One possible way is to use a covered call strategy to earn a premium. However, the options chain confused her, and Alice wasn’t sure how to create her position. The Options Discover tool can help investors create their trade. Let’s dive in!

Why Does it Matter?

When investors are ready to start options trading, they might feel overwhelmed by the options chain. Unlike trading through the options chain, the Options Discover mode gives investors a simplified and easier-to-understand process for placing an options trade. This feature will be convenient and practical for investors who may be intimidated by the options chain.

How Does Alice Place a Trade with Options Discover?

  • Select Options Discover
  • Select the goal of “Income”
  • Select "Covered call" and the expiration date

The strategies involved in producing income are cash-secured put, covered call, and buy- write.

  • Choose a contract to trade

She can see the probability analysis of every contract. Also, she can read how the probability is calculated at the bottom of the page. *The calculation represents a theoretical value for reference only. She can also see the potential for profit and loss under various scenarios.

  • Place a trade

Try out Options Discover!

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Disclaimer: Options trading entails significant risk and is not appropriate for all investors. Option investors can rapidly lose the value of their investment in a short period of time and incur permanent loss by expiration date. Losses can potentially exceed the initial required deposit. Before trading options please read the Options Disclosure Document "Characteristics and Risks of Standardized Options" which can be obtained at www.webull.com. Index Option contract fee, Regulatory and Exchange Fees may apply.
Lesson List
1
Exit Options Positions with Option Alerts
2
Practice Your Options Trading on Webull Desktop
Quick Trade with Options Discover
4
Protect Your Options Position by Using the Take-Profit and Stop-Loss Order Feature!
5
GTC for Options Trading
6
Options Chain vs. Options Discover
7
An Easy-to-Understand Way to Read an Options Chain
8
How to Read and Understand an Options Chain
9
A Helpful Tool for Contract Selection
10
Options Paper Trading
11
Practice Makes Perfect
12
How to Use Options Screener?
13
Options Contract Alert
14
Options Calculator Introduction
15
Options Trading Tools on Webull: TPSL Order & Options Calculator
16
How to Trade Unusual Options Activity