What trading levels are available for Exchange Traded Options (ETO) accounts?
There are four (4) trading levels available for options accounts. Each level identifies the type of transactions you are permitted to perform on the account.
Below is a summary of trading levels and transactions permitted:
Level 1 - Buy Calls and Puts to open + Sell Calls and Puts to close
Level 2 - Level 1 + Sell Specific Covered Calls
Level 3 - Level 2 + Sell Uncovered Options (Calls)
Level 4 - Level 3 + Sell Uncovered Options (Puts)
What level is my account?
To find out the level of your account please contact the Exchange Traded Options desk on the details below.
Upgrade account level
Instructions on how to upgrade the level of your account are available in the related help section.
For further information, please call the CommSec Options Desk on 1800 245 698 (8:00am to 5:30pm, Monday to Friday, Sydney time).
