Market Insights

For years, stocks and futures have been supported by our integration with TradingView. Now options have joined the mix.

TradeStation Securities is the first U.S. broker to launch options trading on TradingView, a platform used by millions for its charts and social networking.

The new service uses the same secure API connection to access a brokerage account at TradeStation. Once linked, customers can place orders using tools on TradingView. Below are some key steps.

TradingView chart of Nvidia (NVDA) highlighting key steps cited below.

Linking Accounts

The first step is establishing the secure API connection from TradingView to an account at TradeStation Securities.

1. Users need to be logged into TradingView to start.
2. From TradingView’s home page, users can launch charts by clicking Products and selecting Supercharts.
3. A series of buttons are located at the bottom of the chart. “Trading Panel” displays brokerages with connections. Users can select TradeStation and enter their credentials when prompted.

Trading From Charts

Options chain for Nvidia (NVDA) with contracts expiring February 21.

Once the account is linked, customers can trade options from the same chart screen:

1. Users can click on the Symbol Search box at the top left of the chart.
2. A dialog box will open.
3. A symbol like “NVDA” can be provided.
4. The menu will provide a series of potential matches. Users can select the Options button on the right and then the correct underlier on the list.
5. An options chain showing various contracts will appear.

Once this view (to the right) is present, customers can scroll up and down to see calls and puts by strike price. They can also change the expiration with the buttons at the top of the chain.

Selecting an individual option will show the contract in the chart, with “Sell” and “Buy” buttons. Clicking one of those will open an order ticket where key information can be entered, including:

• Order type: Market, Limit, Stop and Stop Limit
• Size
• Price
• Time in force

TradingView chart of Nvidia (NVDA) 21-February 130 calls, with order ticker on right.

Trading From DOM

The other method uses Depth of Market, or “DOM.” This tool provides a price ladder (similar to TradeStation’s Matrix) for simpler creation of limit orders. The box at the bottom of the window controls the number of contracts. Traders can generate a limit buy order by clicking on the box to the left of the price. Clicking on the right creates a limit sell order. This also launches an order box where details can be checked.

TradingView chart of Nvidia (NVDA) 7-February 130 calls, with DOM on right.

Options trading is not suitable for all investors. Your TradeStation Securities’ account application to trade options will be considered and approved or disapproved based on all relevant factors, including your trading experience. See www.TradeStation.com/DisclosureOptions. Visit www.TradeStation.com/Pricing for full details on the costs and fees associated with options.

Margin trading involves risks, and it is important that you fully understand those risks before trading on margin. The Margin Disclosure Statement outlines many of those risks, including that you can lose more funds than you deposit in your margin account; your brokerage firm can force the sale of securities in your account; your brokerage firm can sell your securities without contacting you; and you are not entitled to an extension of time on a margin call. Review the Margin Disclosure Statement at www.TradeStation.com/DisclosureMargin.