Options trading
Trade options.
Earn rebates.
On Public, you can earn a rebate of $0.06–$0.18 on stock and ETF option contracts, based on your monthly trading volume, with no commissions or per-contract fees.
Options are risky and aren't suitable for all investors. To learn more, read the Options Disclosure Document.
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Uncover trading opportunities
Explore the markets with a sophisticated suite of research and technical analysis tools.
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Build your options strategies
Plan single and multi-leg options strategies with our comprehensive strategy builder.
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Stay on top of every trade
Closely monitor all of your options positions from our intuitive trading experience.
We're the only investing platform that gives you a rebate on every options trade.
Our rebate means that each options contract costs less than zero. You actually earn money.
| Broker | Rebate | Fees |
|---|---|---|
| Earn up to $0.18per stock & ETF contract traded | $0.03 per stock & ETF contract traded | |
| Robinhood | None | $0.03 |
| Fidelity | None | $0.67–$0.69 |
| TD Ameritrade | None | $0.66 |
Trading fees for competitors were taken from their website on 4/19/2024, and are exclusive of promo rates. The trading fees above are an approximation, are subject to change, and may vary based on factors such as the total number of contracts and price per contract. See terms & conditions for enrolling in Public's options rebates at public.com/disclosures/rebate-terms
Boost your Options trading rebate
Each month, you can boost your rebate based on your trading volume and keep that tier for the following month.
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$0.06 up to 999 stock and ETF contracts
Tier 1
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$0.10 1,000-4,999 stock and ETF contracts
Tier 2
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$0.14 5,000-9,999 stock and ETF contracts
Tier 3
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$0.18 10,000+ stock and ETF contracts
Tier 4
See terms of the Options Rebate Program: public.com/disclosures/rebate-terms. Rebate rates vary monthly from $0.06-$0.18 and depend on current and prior month’s option trading volume. Rates are subject to change. Investors must review the Options Disclosure Document (ODD): public.com/ODD. Options are risky and not suitable for everyone. See Fee Schedule & T&Cs: public.com/disclosures. Brokerage services for US-listed securities and options offered through Public Investing, member FINRA & SIPC. Supporting documentation upon request.
Have questions? Find answers.
How much does it cost to trade options on Public?
Unlike many other investing platforms, we don’t charge commissions or per-contract fees when you trade options on Public. What’s more, we provide a rebate of $0.06–$0.18 per contract based on your monthly trading volume. That means it actually costs less than zero dollars to trade options on Public.
What options strategies are available on Public?
On Public, you can execute both single-leg options trades—including long calls, long puts, covered calls, and cash-secured puts—as well as complex multi-leg strategies, such as straddles, strangles, call debit spreads, put debit spreads, long call calendar spreads, long put calendar spreads, and more.
Why are options considered riskier than other investments?
Options are considered riskier than many other investments because they are leveraged instruments, meaning that a small investment can lead to large gains or losses. Option prices can fluctuate significantly, and the potential for the total loss of your investment is higher than stocks or bonds.
Have additional questions about Options on Public?
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