Yes, TradeZero America currently offers trading in US listed Equity, ETF and ETN options.

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TradeZero America does not charge commission when trading options. 

$0.42 option contract fee and an additional $0.65 index option contract fee.





Yes, the Pattern Day Trading (PDT) rule applies to options trading.

TradeZero America, Inc. ("TZA"), like all other registered Broker Dealers in the US, abides by the Pattern Day Trading ("PDT") rule as defined by FINRA Rule 4210 Margin Requirements.

The PDT rule generally states that a customer is limited to three (3) round trip trades in any consecutive five trading day period unless maintaining a daily equity balance of $25,000.

If a customer creates a fourth (4) roundtrip trade, the account is classified as a PDT account. Once classified as a PDT account, the account is restricted from day trading on margin unless the equity balance in the account is $25,000 or more.

In accordance with FINRA guidance and the policies set by TZA's clearing firm, a PDT account can request a PDT reset once in the lifetime of the account. Any subsequent PDT classification will be permanent for the life of the account.

The PDT rule applies to margin accounts that trade stock and options.


 to read FINRA Rule 4210 on Pattern Day Trading (PDT Rule).

ODD is a publication issued by the Options Clearing Corporation that serves as a guide for options traders. 

The document is essential for novice options traders. 

Options involve risk and are not suitable for all investors. The risks inherent to options trading may expose investors to potentially significant losses. 

The ODD, formerly titled Characteristics & Risks of Standardized Options, can be found here: 

https://www.theocc.com/about/publications/character-risks.jsp

2 PM ET on the option expiration date is the cut-off to open a new option position.


American style options can be exercised or assigned at any time between the trade date and the expiration date.

Option writers are subject to the risk each day their options are exercisable that some or all of them may be assigned.

Yes. Accounts which do not have enough equity prior to expiration and exercise or assignment would introduce undo risk should the price change dramatically upon delivery may be closed prior to the close of the options market on expiration day.

If uncollateralized risk far exceeds any in-the money value, determined by risk management specifically at expiration, the position will be closed out prior to the close of the options trading on expiration day.


TradeZero America will liquidate positions based upon certain expiration or corporate action related events which, after giving effect to, would create undo risk and/or operation concerns.

If TradeZero America deems the exposure of exercise/assignment will create undo risk then TradeZero America has the right to either liquidate options prior to expiration, allow the options to lapse or allow delivery and liquidate the underlying at any time. Also, the account may be restricted from opening new positions to prevent an increase in exposure.

If TradeZero America determines the exposure is excessive, TradeZero America may liquidate positions in the account to resolve the projected margin deficiency.

If the exercise or assignment of an option would result in a short position in a cash account, the option position may be closed by TradeZero America on the expiration date.

Assignment of options are allocated by TradeZero America's clearing firm.


Apex Clearing will automatically exercise options at in-the money levels as low as $0.01 on options expiration.

There are cases when Exercise by Exception is removed, and all exercises must be done by instruction.

It is the responsibility of the account holder to know when this is the case.


When the clearing house receives an exercise notice from the Options Clearing Corporation, they assign the notice to a customer who is a writer of an identical option contract.

Exercise assignment notices for option contracts are allocated among customer short positions pursuant to a manual procedure, which randomly selects from among all customer short option positions, including positions established on the day of assignment, those contracts which are subject to exercise.

All short American option positions are liable for assignment at any time. If, for example, an exercise notice is assigned to your account, you must deliver the underlying security to us in the case of a call, and you must deposit cash with us in the case of a put sufficient to properly margin the security within a stated period of time.

Do Not Exercise and Exercise submissions must be submitted to TradeZero by 4 PM ET.

TradeZero clients are ultimately responsible for managing the exercise/assignment risks associated with the positions in their accounts.


 Send your queries to support@tradezero.us and we’ll get back to you promptly.

Options Trading