Just like people, orders and portfolios come in all sizes. It’s okay if you’re a “Johnny One-Lot,” but if you subscribe to the notion that “bigger is better” then there are some things you’ll need to know before sending that order. Additionally, when scaling into a position, please keep in mind of positions limits as well.
Listed below are the trading limits and position limits for all the products we trade at tastyworks. These limits are not set in stone so If you want to go above these limits then no problem! Please reach out to our trade desk by calling us at 312-724-7075 or at firstname.lastname@example.org to inquire about adjusting your limit.
|Options (per option)||250-lot*|
|Futures (per underlying)||250 contracts|
|Options on futures||250-lot*|
|Options (per option)||500-lot*|
|Futures (per underlying)||500 contracts|
|Options on futures||500-lot*|
*Lot is a measure word for an options strategy. For example, you are able to place a 250-lot vertical option spread, although it consists of 500 contracts (250 options contracts long + 250 options contracts shorts)