
Options give you the right — not the obligation — to buy or sell stocks at a set price. Use them to amplify gains, generate income, or hedge your portfolio. $0 per contract on Orchard Capitals.
The right to buy 100 shares of a stock at a specific price (strike) before a set date (expiry). Calls profit when the stock rises.
The right to sell 100 shares at a specific price before expiry. Puts profit when the stock falls — used to hedge or speculate on downside.
The agreed price at which the option gives you the right to buy (call) or sell (put) the underlying stock.
The date on which the option contract expires. Options can expire weekly, monthly, or at longer intervals (LEAPs).
The price you pay (or collect) for the option contract. One contract represents 100 shares — so $2.50 premium = $250 cost.
The market's expectation of future price movement. Higher IV means pricier options — understanding IV is key to trading options profitably.
Bullish bet with defined risk. Maximum loss is limited to the premium paid.
Bearish bet with defined risk. Profits if the stock drops before expiry.
Sell calls against shares you own to generate income. Limits upside, earns premium.
Buy puts on shares you hold to insure against a major decline. Classic hedge strategy.
Buy a call, sell a higher-strike call. Reduces premium cost. Capped upside and downside.
Sell both a call spread and put spread. Profits if the stock stays within a defined range.
$0
Per Contract Fee
13
Strategies Available
100
Shares Per Contract
Weekly
Options Expiries
$0 per contract. 13 strategies available. Start with defined-risk basics or advance to complex spreads.
Open Free AccountDisclaimer: Orchard Capital Management, LLC (Orchard Capital Management, LLC). CRD#: 269957 / SEC#: 801-106488. Registered Address: 130 N Garland Ct # 5701, Chicago, IL 60602.
Past performance is not an indication of future results. You should seek advice from an independent and suitably licensed financial advisor and ensure that you have the risk appetite, relevant experience and knowledge before you decide to trade. Trading with Orchard Capitals by following and/or copying or replicating the trades of other traders involves a high level of risk, even when following and/or copying the top-performing traders.
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