Options Trading Tutorial

What site is the easiest to trade options without a broker?

I don't want any sales pitches or hassles, I just want an online site to buy options. Any recommendations?

Public Comments

1. Any of the on line brokerage firms will do well. You can trade to your hearts content and no one will give you a sales pitch. The suggestions are TD Ameritrade, Scottrade, Etrade, and OptionsXpress. The latter might be best for your purposes, but I have not tried them.
2. Just because you're trading online, doesn't mean that you're not using a broker. You have to go through a broker to trade options, even if it's an online discount broker. I use TD Waterhouse, but eTrade seems to have better commission rates right now. There are many to choose from, but they all provide you with online options trading. You probably know that so far all Canadian options are traded through the Montreal Exchange. You can find out which Canadian stocks have options. But all of the online brokers will give you access to US options as well. The underlying Canadian stocks for which options are available trade on the Toronto Stock Exchange. To research the stocks for which you might want to buy options, check out... http://TSX.ProfiTrend.com
3. Many of the sites use similar engines and have similar query and researching tools. Research couple and find the one that suits your needs. Some have minimum investing capital guidelines, some charge a non activity fee and some are just cheaper to trade on than others. I personally use Optionsxpress and have no complaints about their service.
4. Easiest to trade is SogoInvest or ShareBuilder No account min. Buy/Sell Stocks cheap