Log in or Sign up. How do you get level 2 just want to be able to buy calls or puts option trading approval? I have a small account over at TDameritrade but they only gave me the ability to write covered calls and cash secured puts. Apperently, I didn't answer the questions correctly or whatever. So what the heck? I just want to buy a call or a put, nothing fancy. So, you applied for level 2 and were denied?
Did you call and ask them why? You lie , its that easy. My experience with Schwab and Fidelity is was that mere mortals and retail customers are not allowed to speak directly with the Options Department. In fact neither are the grunt brokers. You must comply and bide your time and sell covered calls for a while, then apply again. Why not try Thinkorswim, who is owned by TDA anyway?
ToS doesn't have "levels". If you are approved you can start off selling SPX calls if you want. In fact Schwab is so bad that when I merely changed my account from my own name to my trust that caused by option trading level to be set back down to level 1. They refused to raise it so that's when I switched to Fido. I was initially denied with TDA but then I reapplied, with the appropriate lies, and got approved.
Actually it was my wife who did it but I am pretty sure she did it all through the website. Experience level was where she got into trouble at first.
I was initially denied for even Options Level 1 on my wife's Fidelity account, so I went back and checked the appropriate boxes making it sound like I thought trading kg of Afghan poppies was no big deal. Might want to bump your "assets" up a bit as well. My guess is small accounts are more likely to get denied.
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