Vanguard brokerage option application and agreement
If you're already a Vanguard client, our brokerage associates are available to answer your questions at Monday through Friday from 8 a. Consider whether options fit with your investment goals, risk tolerance, and objectives. You'll receive notice of your approval or denial by mail. If you're already a Vanguard client: Write uncovered naked puts.
Before you begin trading, we recommend that you read the brochure Characteristics and Risks of Standardized Options. A copy of this booklet is available at theocc. Open or transfer accounts Have stocks somewhere else? You vanguard brokerage option application and agreement consult a professional tax advisor to discuss how options strategies may impact your tax situation. There are several types of options strategies, each with unique risks.
Submit your application Complete and submit a Brokerage Option Application, one for each brokerage account that you intend to use for options trading. My Accounts Log on. You must complete a Margin Account Application to be considered for these trading levels. If you're already a Vanguard client: Learn how to transfer an account to Vanguard.
If you don't already vanguard brokerage option application and agreement a Vanguard Brokerage Account, you'll also need to open an account. Keep these points in mind when trading options: No statement in the booklet should be construed as a recommendation to buy or sell a security or to provide investment advice. Options are a leveraged investment and aren't suitable for every investor.
It's intended for educational purposes. Options are a leveraged investment and aren't suitable for every investor. Margin approval is required to write covered puts.