TD Ameritrade Offers Mini-Options To Investors And Advisors
TD Ameritrade, Inc. (“TD Ameritrade”), a broker-dealer subsidiary of TD Ameritrade Holding Corporation (NYSE: AMTD), will offer retail investors and independent registered investment advisors (RIAs) the ability to trade mini-options effective Monday, March 18, 2013. These innovative new option contracts are 1/10 the size of a standard option contract and were created to respond to the evolving needs of individual investors and advisors who utilize options as part of their trading strategy.
TD Ameritrade is the leader in retail options trading, and nearly 40 percent of its client trades in the quarter ended Dec. 31, 2012, were in derivatives, including options. The availability of mini-options will benefit this client base in a number of ways. For example, investors who hold positions of less than 100 shares in higher-priced securities such as Apple (AAPL), Google (GOOG) and Amazon (AMZN), will now be able to write covered calls or purchase protective puts against these shares where previously this was not possible. In addition, they will be able to buy mini-options on these higher-priced securities that were cost-prohibitive in the past.*
“We’re pleased that TD Ameritrade is among the first to offer access to this innovative new product,” said Steve Quirk, senior vice president of TD Ameritrade’s trader group. “Providing our clients with education about new products, paired with the best in options trading technology is what led thinkorswim to be recently named the #1 options platform by Investor’s Business Daily.** Mini-options will help to level the playing field by allowing widespread access to options on some of the most popularly traded companies.”
TD Ameritrade will host a free webcast for all investors who are interested in learning more about the potential benefits and risks associated with mini-options on Monday, March 18, 2013, at 9 a.m. ET. For more information or to register, click here. An archived version of the webcast will also be available online following the initial broadcast.
TD Ameritrade Institutional will also host a free webcast for independent RIAs on Thursday, April 4, 2013. For more information or to attend the webcast, please call 866-547-8431.Select the service that is right for you!
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