Learn Trading With Investor's Edge

Ready to discover the power of uncovered option trading? Place your first uncovered option trade order with the help of our step-by-step guide.
CIBC Investor’s Edge Nov. 29, 2021 2-minute read

Here’s how you can place an uncovered option trade order online:

  1. Go to Trading, then select Trade Options from the navigation menu.
  2. Choose a margin account from the Account dropdown menu.
  3. Choose Sell to Open from the Action dropdown menu.
  4. Enter an Option symbol or company name.
  5. Choose the Option expiry, Strike price and Option type.
  6. Enter the Quantity.
  7. Select the Order price type and Order expiry.
  8. Choose your settlement account.
  9. Select Next and confirm your order details are correct.
  10. Submit your order.

Not sure if selling uncovered options is right for you? To learn more, check out Selling uncovered options.

Trade options step 1 of 3: Order entry form.

More helpful resources