Options trading

Trade options.
Earn rebates.

On Public, you can earn a rebate of $0.06–$0.18 per option contract, based on your monthly trading volume, with no commissions or per-contract fees.

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Options Disclosures
Options are risky and aren't suitable for all investors. To learn more, read the Options Disclosure Document.
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  • Options Icon 1

    Uncover trading opportunities

    Explore the markets with a sophisticated suite of research and technical analysis tools.

  • Options Icon 2

    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.

Significantly reduce your transaction costs

At Public, we've always worked to get you the best possible price execution. That's why, in an industry first, we’re sharing our options revenue directly with you, the customer. Every time you place an options trade on Public, you can get 50% of our options revenue, minimizing your transaction costs.
Options Disclosures
PFOF rebates are only issued for options trades that are subject to PFOF. Public Investing shares 50% of the estimated order flow revenue as a rebate to help reduce trading costs on options. For more information, see our Fee Schedule and FAQs on PFOF Rebates.

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.

BrokerRebateFees
Earn up to $0.18per contract traded$0.03
RobinhoodNone$0.03
FidelityNone$0.67–$0.69
TD AmeritradeNone$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.

  • $0.06 up to 999 contracts

    Tier 1

  • $0.10 1,000-4,999 contracts

    Tier 2

  • $0.14 5,000-9,999 contracts

    Tier 3

  • $0.18 10,000+ contracts

    Tier 4

Options Disclosures
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.

Plan your trades with our strategy builder

With our options strategy builder, you can plan your trades based on your outlook on a stock and visualize your potential profit and loss outcomes. Learn more.
Options Disclosures
Options are not suitable for all investors and carry significant risk. Certain complex options strategies carry additional risk. There are additional costs associated with option strategies that call for multiple purchases and sales of options, such as spreads, straddles, among others, as compared with a single option trade. Prior to buying or selling an option, investors must read the “Characteristics and Risks of Standardized Options”, also known as the options disclosure document (ODD) which can be found here.

Fundamentals

Buy or sell single-leg options strategies.

Straddles and strangles

Buy a call and a put with the same (straddle) or different (strangle) strike prices.

Vertical spreads

Buy and sell two options of the same type (calls or puts) with different strike prices.

Calendar spreads

Buy and sell two options of the same type (calls or puts) with the same strike price but different expirations.

*Coming soon

Visualize every outcome of your trades

Our interactive profit and loss charts can help you visualize the potential outcomes of your trades to better understand your risk/reward balance.
Options Disclosures
This feature provides hypothetical profit and loss based on the conditions in the market when you select a contract to be visualized, and does not guarantee future results. No contract has been bought or sold. The P&L charts are for informational purposes only and should not be considered a personalized recommendation or investment advice. Actual profits or losses may differ based on a number of factors not accounted for in these assumptions.

Analyze your trades with advanced charts

Our advanced charts are equipped with hundreds of built-in technical analysis indicators to help you evaluate risk, volatility, and performance.
Options Disclosures
This feature provides a visualization of numerous datapoints related to a given options contract. The data is provided on an as-is basis and does not guarantee accuracy. The advanced charts are for informational purposes only and should not be considered a personalized recommendation or investment advice.

Discover trading opportunities in your Options Hub

Within your Options Hub, you can explore the most actively traded options contracts, track earnings dates directly on the options chain, and more.
Options Disclosures
This feature provides lists of options contracts based on quantitative methodological screens. The data is provided on an as-is basis and does not guarantee accuracy. The Options Hub and all screens are for informational purposes only and should not be considered a personalized recommendation or investment advice.

Explore our options resource center

We have created a comprehensive library of guides to options trading strategies—from the fundamental building blocks to more advanced tactics.
Learn more
Options Disclosures
This feature provides educational materials and videos related to options. The data is provided on an as-is basis and does not guarantee accuracy. The resource center is for informational purposes only and should not be considered a personalized recommendation or investment advice.

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?

Our US-based customer experience team has FINRA registered specialists standing by to help.

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Cta Options Rebates