Option Level

1. What's option level

2. How to apply for/update your option level

3. What if my option level application was denied

1. What's option level

Your options level will determine the type of options strategies you can trade with moomoo.

To trade specific options strategies, you can apply for an options level in your account. A margin account supports Options Level 1-4, while a cash account supports Options Level 1-2. If you only have a cash account and apply for Options Level 3 or 4, a margin account will be opened for you upon approval.

A higher options level enables you to trade more complex options strategies, but may also involve greater risks.

Each account's options level is independent of each other. We evaluate and grant options level applications based on your account profile and assets.

Here are the options strategies available for each account type:

2. How to apply for/update your option level

(1) To apply for/update an option level in the moomoo app, go to:

• Accounts > Select an Account > More > Option Level

(2) Select Options Level page

You can apply for your desired options level here, or update your current one.

If you are granted Options Level 4, you will need to ensure your margin account has at least $10,000 in assets to trade the options strategies at this level.

(3) Once you have submitted an option level application, we will evaluate your account profile and your desired option level to determine if any of the following steps are necessary:

• Update your investment information

• Schedule a call (Note: If we are unable to reach you, your options level application may be denied.)

If you are applying for an option level for the first time, you will need to read and sign the Risk Disclosure.

The application steps may vary from person to person, so please follow the instructions on the page to complete your application. Apply for/update your option level: https://option.us.moomoo.com/index

3. What if my option level application was denied

We understand you may be disappointed with a decision to deny your option level request.   Options trading can entail significant risk and more advanced trading strategies can increase that risk and may not be appropriate for all customers.  Higher levels of option trading have a mix of increased requirements for your investment knowledge and experience as well as your income, net worth, and investment objectives.  

Due to regulatory constraints, we cannot share our criteria for the different option levels or reasoning for our option level application decisions.

If your option level application is not approved after manual review, you will need to wait 60 days before submitting a new application to upgrade your option level.  

Notes:

1. Moomoo US may adjust option levels and the option strategies available at each level at any time to comply with regulatory requirements and meet its risk management needs.

2. It usually takes 2-3 business days to review an application to update an option level. You will receive push notifications once your application is approved.

3. For certain options level applications that meet specific criteria, we may contact you by phone based on your scheduled time. Please be available to take our call.

4. If your option level application is not approved after manual review, you will need to wait 60 days before submitting a new application to upgrade your option level. 

This content is for informational and educational use only and is not a recommendation or endorsement of any particular investment or investment strategy. Investment information provided in this content is general in nature, strictly for illustrative purposes, and may not be appropriate for all investors. It is provided without respect to individual investors’ financial sophistication, financial situation, investment objectives, investing time horizon, or risk tolerance. You should consider the appropriateness of this information having regard to your relevant personal circumstances before making any investment decisions. Past investment performance does not indicate or guarantee future success. Returns will vary, and all investments carry risks, including loss of principal.

Moomoo is a financial information and trading app offered by Moomoo Technologies Inc.

In the U.S., investment products and services available through the moomoo app are offered by Moomoo Financial Inc., a broker-dealer registered with the U.S. Securities and Exchange Commission (SEC) and a member of Financial Industry Regulatory Authority (FINRA)/Securities Investor Protection Corporation (SIPC).

Options trading entails significant risk and is not appropriate for all customers. It is important that investors read Characteristics and Risks of Standardized Options before engaging in any options trading strategies. Options transactions are often complex and may involve the potential of losing the entire investment in a relatively short period of time. Certain complex options strategies carry additional risk, including the potential for losses that may exceed the original investment amount. Supporting documentation for any claims, if applicable, will be furnished upon request.