Asset class
Stock Options
Single-leg calls and puts on stocks and ETFs, directional only.
Calls and puts trade directionally (buy to open, sell to open, or exit) with strikes chosen either explicitly or by scanning the chain for an expiration, moneyness, and distance from the money.
Worth knowing
Directional only: no multi-leg spreads, and just one open position per underlying per broker account at a time. A strategy that needs simultaneous legs has to split them across separate broker accounts. Stocks and stock options share one asset-class slot on your plan, so picking Stocks covers both wherever the broker supports them.
See every asset class side by side.
Order types, sizing and limits for each market EZPZ Trader covers.
Not investment advice. Trading involves risk, and you can lose money.