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Options Made Simpler, Plus, Tips for Getting Started With Our New Interface

Written by The Inspired Investor team  | Published on February 21, 2024

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With options trading now more accessible than ever, a growing number of retail investors are ready to include options as part of their strategy—but they need the right tools and resources.

Welcome to our new, easy-to-use options trading experience, built to help investors execute their trades with ease. In addition to streamlined functionality, the changes will also help investors expand their knowledge.

Let’s be honest, trading options can be complex. Particularly when you first enter the Options world, there’s new lingo to learn and a variety of concepts and approaches to grasp. Simplification is welcome. So, the highlights of our platform’s refresh include an ultra-organized layout; a new leg summary section; and new educational material.

You’ll appreciate how much easier it is to build and execute your trading strategy with new features like the Analyzer page, which gives you a more organized layout for your valuable metrics, along with new educational material related to the strategy you’ve selected.

Whether you’re a seasoned options trader or new to options, here are some tips for getting started with our updated interface:

  • If you’re new to options trading, leverage the Strategy dropdown to select a strategy that will align the options chain with what you’ve chosen. Additionally, delve into details with the Analyze function for a deeper understanding of your strategy before executing a trade.
  • If you’re experienced with options trading and prefer to see the full options chain (both Calls and Puts), navigate to the Strategy dropdown and select “Custom”. This enables the full chain view where you can utilize the Strike dropdown to adjust the number of Strikes visible. Additionally, you can set the “Custom” strategy as your default within the Strategy dropdown to ensure you will always have the full chain experience without needing to make adjustments each time.

Interested in getting started? You can find these improvements under the options tab on the detailed quote page.

 

 

 

 

RBC Direct Investing Inc. and Royal Bank of Canada are separate corporate entities which are affiliated. RBC Direct Investing Inc. is a wholly owned subsidiary of Royal Bank of Canada and is a Member of the Investment Industry Regulatory Organization of Canada and the Canadian Investor Protection Fund. Royal Bank of Canada and certain of its issuers are related to RBC Direct Investing Inc. RBC Direct Investing Inc. does not provide investment advice or recommendations regarding the purchase or sale of any securities. Investors are responsible for their own investment decisions. RBC Direct Investing is a business name used by RBC Direct Investing Inc. ® / ™ Trademark(s) of Royal Bank of Canada. RBC and Royal Bank are registered trademarks of Royal Bank of Canada. Used under licence. © Royal Bank of Canada 2024.

Any information, opinions or views provided in this document, including hyperlinks to the RBC Direct Investing Inc. website or the websites of its affiliates or third parties, are for your general information only, and are not intended to provide legal, investment, financial, accounting, tax or other professional advice. While information presented is believed to be factual and current, its accuracy is not guaranteed and it should not be regarded as a complete analysis of the subjects discussed. All expressions of opinion reflect the judgment of the author(s) as of the date of publication and are subject to change. No endorsement of any third parties or their advice, opinions, information, products or services is expressly given or implied by RBC Direct Investing Inc. or its affiliates. You should consult with your advisor before taking any action based upon the information contained in this document.

Furthermore, the products, services and securities referred to in this publication are only available in Canada and other jurisdictions where they may be legally offered for sale. If you are not currently a resident of Canada, you should not access the information available on the RBC Direct Investing Inc. website.

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