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You can't just buy options the same way you buy shares of Apple or Tesla. Because options are more complex and carry more risk, brokers require you to apply for .
Start small. Many beginners lose their initial capital by "swinging for the fences" on contracts that expire in just a few days.
You’ll answer questions about your net worth, investment goals, and experience.
Brokers assign "levels" (usually 1–4). Level 1 might only let you write covered calls, while higher levels allow for more complex (and risky) strategies. 2. Learn the Two Main Flavors There are only two types of options you need to know:
