Interactive Brokers Options Trading — Closing Options Trades for $1,800 In Profits
In this article, I will show you how to trade options on Interactive Broker’s Trader Workstation (TWS).
Right now, I have more than $1,800 in unrealized profits, and I decided to take some of these profits and close some trades.
I will show you exactly…
- Why I’m taking profits
- How I’m doing it
- What a trading platform looks like and how you actually place trades
Let’s get started.
In the following example, I am using one of my smaller accounts that I specifically set up to take advantage of the Stock Market Crash 2020.
In this account, I am mainly trading options.
I started this account 2 weeks ago with $25,380 in it, and right the account balance is $31,000. :-)
So let’s talk about the different elements of a trading platform first:
Interactive Brokers Options Trading Using Trader Workstation
It doesn’t really matter what trading platform you use:
You can use Interactive Brokers — which is the trading platform that I use — TD Ameritrade, Fidelity, eTrade, Robinhood….
… all of these platforms will have the same four elements that I’m going to show you right now.
- Every platform has a…
