Does tastyworks have an order or position limit?
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 order limits and position limits for all the products we trade at tastyworks.
|Options (per option)||250-lot*|
|Futures (per root)||250 contracts|
|Options on futures||250-lot*|
|Options (per option)||500-lot*|
|Futures (per root)||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 long options contracts + -250 short options contracts).
How to Request a Limit ChangeThese 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 at firstname.lastname@example.org to inquire about adjusting your limits