Options Trading, Built For You
From beginners to professionals, elevate your trading across the full suite of options strategies. Trade smarter with advanced tools and real-time data on any device.
Open Account
Extensive Features, From Strategy to Execution
Discover
Find new opportunities with our Options Screener, Seller Center, and Top Options Lists.
Analyze
Explore tools like Probability Analysis, Options Calculator, and Volatility Analysis to understand your trades better.
Build
Execute multi-leg strategies from the Options Chain and visualize them with Profit/Loss Diagrams.
Execute
Place trades quickly with TurboTrader. One-tap presets let you buy, sell, close, or reverse positions in seconds.
Manage & Refine
Fine-tune your option positions for greater flexibility and precision with advanced functionality to leg-in, leg-out, early-exercise, or choose not to auto-exercise.
Maximize Strategies, Minimize Costs
Trade Stock & ETF options for $0 contract fees and $0 commissions. Only $0.50 per contract on Index options. Webull charges a fee of $0.10 per contract for all option orders above 500 contracts, except for Index options.
Brokers
Webull
Charles Schwab
E*Trade​
Tastytrade​
Fidelity​
Commission​
$0 ​
$0
$0 ​
$1
per contract​
$0 ​
Contract fees
$0 ​
$0.65
$0.65 ​/ $0.50​
per contract
$0 ​
$0.65 ​
20 puts/calls​
(20 total contracts)​
$0 ​
$13.00
$10.00 - $13.00​
$10.00 ​
$13.00 ​
20 Verticals​
(40 total contracts)​
$0 ​
$26.00
$20.00 - $26.00​
$20.00 ​
$26.00 ​
20 Iron Condors​
(80 total contracts)​
$0 ​
$52.00
$40.00 - $52.00​
$40.00 ​
$52.00 ​
Complimentary
OPRA Data
Receive one-month free real-time options quotes upon being approved for options trading. Continue to receive complimentary OPRA quotes as long as you trade options at least once within a calendar month.
Get Started
Strategies for Every Market Opportunity
Capitalize on any market move with strategies spanning basic trades to complex hedges. Discover your fit and level-up your trading on Webull.
Level 1
Level 2
Level 3
Level 4
Covered Calls
Buy-Writes
Cash-Secured Puts
Long Calls & Puts
Long Straddles
Long Strangles
Collars
Protective Puts
Credit Spreads
Debit Spreads
Butterflys
Condors
Iron Butterflys
Iron Condors
Naked calls and puts
Equity Options, Index Options
No matter what style you prefer, Webull has you covered.
American Style
Equity Options
Equity options can be exercised at any point up to and including the expiration date. When exercised, shares of the underlying stock or ETF are exchanged between buyer and seller. This flexibility gives traders more control over timing, but it also means early assignments are possible.
European Style
Index Options
Index Options, such as those on the S&P 500, Nasdaq-100, or VIX allow you to trade and manage risk based on your directional view - bullish, bearish, or neutral - of the overall market. Index Options are typically European style, meaning they can only be exercised at expiration for cash settlement.
Refine Your Strategies, Risk-Free with Options Paper Trading
Build and test your trading strategies without risking real capital. Explore Options Paper Trading.

Trade Your Way with Our Powerful Platforms

Desktop

Experience the power of our innovative and customizable trading platform.
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Google Play

Mobile App

Stay on top of the markets and your accounts wherever you go.
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App Store
Google Play

WebTrade

Research, execute, and manage your trades quickly and easily directly in your browser.
Click Here
App Store
Google Play
More Ways to Trade & Invest with Webull
Webull also offers a wide range of investment products including Stocks, ETFs, Options, Futures, OTC, Fixed Income, and Cash Management Tools. This combination supports a streamlined approach to portfolio building and allows for personalized strategies across a variety of investment styles.