Options trading permissions determine the types of options strategies you can use in your Interactive Brokers (IBKR) account. Here's a comprehensive guide on how to check, request, and manage your options trading permissions:
Checking Your Current Options Trading Permissions
To verify your current options trading permissions:
- Log in to Client Portal
- Click the User menu (head and shoulders icon in the top right corner) followed by Settings
- If you manage multiple accounts, select your account within the Account Selector popup
- Under Account Settings, find the Trading section
- Click on Trading Permissions
- In the Trading Permissions screen, locate the Options section to view your current options trading level.
IBKR offers four levels of options (Option Levels 1-4) trading permissions:
- Level 1: Allows only covered calls
- Level 2: Permits covered options positions as defined by FINRA rule 2360, with some restrictions
- Level 3: Limited options; allows strategies with a limited maximum potential loss
- Level 4: Full options; all options strategies are permitted
Additional Information