Curious about options but not confident in your ability to trade them? Luckily, on eToro Options, you can practice trading before you commit to open positions with real money.
Log in to your account
First, log in to your eToro Options account.
Choose your option
Next, search for your favorite stocks and ETFs, and choose which one you want to create a draft trade for.
You can choose between calls, puts, and spreads. If you’re still learning about options, you might want to try all three — in separate draft trades — just to see how they work.
Once you’ve picked your option, it’s time to get into the details. Choose the expiration date of the contract and the strike price that best fits your strategy.
You’ll be presented with the prices of the available options, but don’t worry — with draft trading, you won’t risk any real cash.
Create your draft trade
Review your option and hit the “Save as draft trade” button.
Once you’ve saved your draft trade, you can find it on your portfolio screen. You can then wait until the expiry date to see what happens, delete your trade draft, or you can turn your draft trade into a real trade, at any time. Just hit the “tap here to execute or delete” button at the bottom of the screen to see your choices.
To see how your draft trade is doing, you’ll want to look at the P/L section. There, you can see what you would have made or lost if your option was sold or expired at that moment. If it’s positive, your option could have ended with a profit. If it’s negative, well… you can always try again with more draft trades!
Ready to get started? Download the eToro Options app today.
Options are complex products, involve risk and are not appropriate for all investors. You may lose all your invested capital. Please review Characteristics and Risks of Standardized Options prior to engaging in options trading.
eToro Options offers listed US equity options trading via eToro USA Securities Inc., which is registered with the Securities and Exchange Commission and a FINRA member. Visit our Disclosure Library for additional important disclosures including our Customer Relationship Summary and Privacy Policy. FINRA Brokercheck© 2023
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This communication is for information and education purposes only and should not be taken as investment advice, a personal recommendation, or an offer of, or solicitation to buy or sell, any financial instruments. This material has been prepared without taking into account any particular recipient’s investment objectives or financial situation, and has not been prepared in accordance with the legal and regulatory requirements to promote independent research. Any references to past or future performance of a financial instrument, index or a packaged investment product are not, and should not be taken as, a reliable indicator of future results. eToro makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication.