Find Actionable Options Trading Insights Every Hour
This new feature is available to all Firstrade clients at no extra cost. It can help traders find the highest yielding opportunities to sell credit spreads using OptionPlay's proprietary scanning technology. Investors can use this report to leverage technical directional strategies, liquidity metrics and high-yielding credit spreads all in a single report to discover high-quality actionable trade setups.
Credit spreads are one of the most popular income generation strategies due to their high probability of profit and limited risk profile.
Our report scans for optimal opportunities on an hourly basis to help investors find the best credit spreads instantly and filters for very liquid optionable symbols to ensure that trades can be executed at a fair price.
Additionally, using OptionsPlay's proprietary algorithms, the trade setups are filtered even further to ensure that the credit spreads receive a minimum of 33% of the vertical width and are in line with the technical view. Investors can also analyze the IV Rank and Earnings date in the report to ensure that the trade setup is in line with their strategy.
We’ve integrated a trade button within the report to save investors even more time! With this feature, users can seamlessly open an options order ticket right from the Credit Spread Report table. Simply click on the trade button on a trade that you’d like to place, and it will instantly open and populate the exact details of that particular trade setup for quicker analysis and execution.
To use this report, clients can simply login to their Firstrade account on their desktop and go to Research & Tools > Options > Credit Spread Report to get started. This feature is currently available on the desktop platform and will be on the app very soon.
To learn more about this report and how you can utilize it to generate income and build confidence in your options trading, watch this video.
Clicking on the trade button will populate a trade ticket with details of your chosen trade setup for quicker analysis and execution.
Firstrade offers the best deal for options traders with $0 commission trades, $0 options contract fees and no deposit minimums, maintenance or inactivity fees. Firstrade was named a Top Pick for Options Traders by Kiplinger’s in 2020. To learn more about Firstrade’s options offer, click here.
Options trading involves risk and is not suitable for all investors. Options trading privileges are subject to Firstrade review and approval. Please review the Characteristics and Risks of Standardized Options brochure and the Supplement before you begin trading options.
Most Anticipated Earnings Releases (July 26-30, 2021)
Here are some of the most watched Q2 (2021) earnings releases scheduled for this week.
Most Anticipated Earnings Releases (July 19-23, 2021)
Here are some of the most watched Q2 (2021) earnings releases scheduled for this week.
Looking to Diversify your Portfolio? Consider Adding Mutual Funds to the Mix
OK, they may be boring but they’re a great long-term investment. Of course, we’re talking about mutual funds. We make it easy to invest in mutual funds—we’re the only online broker that has zero commission for all our mutual funds transactions! And, we support more than 11,000 no-load funds and 7,000 load funds.
Mutual funds are investments that pool your money with other investors to invest in stocks, bonds, and other securities. Each investor owns shares, which represent a portion of the holdings of the fund. Through a mutual fund, you can invest in many different underlying assets in one purchase.
Simply put, they’re a great way to diversify your portfolio, diversify your holdings within a particular sector, and create a professionally managed, low maintenance portfolio with low minimum investments. Like investing in the stock market in general, mutual funds also offer the liquidity to buy or sell at your own discretion.
And, you have your choice of sectors, levels of risk, investment types and more. Why put your eggs in one basket when you can fully diversify with a mutual fund? And, the beauty is that professional money managers are doing all the heavy lifting for you—it’s their job to develop an optimally balanced portfolio for you, always keeping diversification in mind.
But with so many choices, it may seem a little daunting to decide which mutual funds may be best for you. Still, there are steps you should take to determine what approach you should take.
Ask yourself what return you would like to make and the risk level you are willing to tolerate.
Do some research and have a good understanding of the fund that you are buying.
You can find information about a fund's goals, strategy, performance, management, and fee structure in its prospectus. Compare performance over time and in different economic and market environments.
There may be certain industry sectors that are of particular interest to you, such as technology or energy, where you may want to invest.
A fund manager's experience and record, the fund's level of consistency, and its major investment holdings are other important factors to consider.
Investors can also find information and ratings of mutual funds in various outlets such as Morningstar, Forbes, Value Line and Barron's.
To learn more about investing in mutual funds at Firstrade, visit here.
New Event: Beginner Options Course
Firstrade, in partnership with OptionsPlay, is excited to bring our exclusive Beginner Options Trading Course to investors. Learn how to utilize options strategies to generate a consistent stream of income for your portfolio and take advantage of speculating with leverage. Explore the methods and best practices used to grow a small options trading account and wrap up the lessons with real-time market analysis along with Q&A to answer your questions!
Here’s the outline of each episode:
Adding Yield to your Portfolio using Options – July 7
OptionsPlay helps investors understand covered calls and cash secured puts strategies. During this exclusive seminar, Tony Zhang, Chief Strategist Strategy of OptionsPlay will walk you through the best practices and show how to find potential income opportunities.
What you’ll learn:
How to utilize Covered Calls in your portfolio
How to utilize Cash Secured Puts in your portfolio
Combining both to maximize income and capital appreciation
Add Leverage to your Portfolio with Limited Risk – July 21
Explore the fundamentals of buying call and put options to gain leverage for your bullish and bearish trades with limited risk. Join Tony Zhang, Chief Strategist of OptionsPlay and CNBC Contributor to learn best practices and see how you can analyze any options trade with confidence in seconds!
What you’ll learn:
Basic bullish and bearish strategies
How to gain exposure to a stock while limiting risk
How to use options to add leverage while limiting risk
Grow a Small Account using Options – August 4
Learn to Grow a Small Options Account sustainably and build your confidence in trading. Join Tony Zhang, Chief Strategist at OptionsPlay and CNBC Contributor, to see how credit spreads and the rules we utilize to find opportunities suited for trading accounts under $5,000. Learn the 4 rules that you need to use to prevent account blowups.
What you’ll learn:
Credit spread best practices
Account management and best practices
The 4 rules of trading using a small account
Live Market Examples with Q&A – August 18
Join us for the final part of the Beginner Options Trading Course – Live Market Analysis with Q&A. Tony Zhang, Chief Strategist at OptionsPlay and CNBC Contributor, will dissect the current market environment while discussing how to apply the strategies taught during the course. This event is not to be missed!
What you’ll learn:
Recap of options strategies and concepts covered in the previous 2 webinars
Applying above strategies to current market environment
Get your questions answered during the live Q&A session!
Join us every other Wednesday at 4:00 PM EST and see how we can help you jump start your options trading journey. These events are not to be missed, so be sure to book your spot here. We’re looking forward to seeing you there!
The insights that are discussed during these events are for information and education purposes only and should not be interpreted as recommendations to trade particular options, but merely part of our commitment to bring education to investors.
Options trading involves risk and is not suitable for all investors. Options trading privileges are subject to Firstrade review and approval. Please review the Characteristics and Risks of Standardized Options brochure and the Supplement before you begin trading options.