Options Trading

Earn an $0.18 rebate per contract traded

*1

No commission fees

No per-contract fees

The most cost-effective way to trade options

*Cost comparisons accurate as of December 22, 2023. To qualify for revenue sharing, options trading must be activated by March 31, 2024.

Options trading on Public

Research, build, and execute options trading strategies with the investing platform that minimizes your transaction costs.

Uncover trading opportunities

Build your options strategies

Stay on top of every trade

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

Plan single and multi-leg options strategies with our comprehensive strategy builder.

Closely monitor all of your options positions from our intuitive trading experience.

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.

Option Strategies

Fundamentals

Straddles and strangles

Vertical spreads

Calendar spreads

Buy or sell single-leg options strategies.

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

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

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

2

Our interactive profit and loss charts can help you visualize the potential outcomes of your trades to better understand your risk/reward balance.

Analyze your trades with advanced charts

3

Our advanced charts are equipped with hundreds of built-in technical analysis indicators to help you evaluate risk, volatility, and performance.

Discover trading opportunities in your Options Hub

4

Within your Options Hub, you can explore the most actively traded options contracts, track earnings dates directly on the options chain, and more.

Significantly reduce your transaction costs

5

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.

The cheapest way to trade options

6

We share our options revenue with you on every trade, reducing your trading costs.

+$0.15

Est. cost per contract

-$0.03

-$0.67 to -$0.69

~ -$0.66

Instead of paying to trade, you get something back.

  • Options revenue rebate

You earn +$0.18

None

None

None

per contract

  • Commission Fees

$0

$0

$0

$0

  • Contract Fees

$0

$0

$0.65

$0.65

  • Exchange & Regulatory Fees

$0.03

$0.03

$0.02 to $0.04

$0.01

Costs accurate as of December 22, 2023. All costs are rounded to the nearest cent. Support for claims, comparisons, statistics, or data will be supplied upon request.

Explore our options resource center

7

We have created a comprehensive library of guides to options trading strategies—from the fundamental building blocks to more advanced tactics.

Simple. Sophisticated.Significantly cheaper.

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

*Cost comparisons accurate as of December 22, 2023. To qualify for revenue sharing, options trading must be activated by March 31, 2024.

² 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.

³ 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.

⁴ 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.

⁵ 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.

⁶ Please note: Public doesn't charge per-contract fees. However, there are regulatory fees assessed for certain options transactions. See our fee schedule to learn more.Competitor trade cost data as of December 22, 2023 and subject to change. While the information is deemed reliable, Public makes no representations or warranties with respect to the accuracy or completeness of the information provided. All investments involve risk, including the possible loss of principal.Trading options involves significant risk and is not appropriate for all investors. To learn about risks, read the OCC’s Options Disclosure Document. Not included in this comparison are regulatory transaction fees and trading activity fees. These fees are set by our regulators, and are subject to change without notice. Most brokers, including ones in this comparison, pass on these fees to their customers on certain sell orders. For more information, please see Public's Fee Schedule.

⁷ 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.


Options revenue sharing offered to customers who activate options trading on Public by 3/31/24. Full options revenue rebate terms can be found at public.com/disclosures/rebate-terms


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Commission-free trading of stocks refers to $0 commissions for Open to the Public Investing self-directed individual cash brokerage accounts that trade the U.S.-listed, registered securities electronically during the Regular Trading Hours. Keep in mind that other fees such as regulatory fees, Premium subscription fees, commissions on trades during extended trading hours, wire transfer fees, and paper statement fees may apply to your brokerage account. Please see Open to the Public Investing’s Fee Schedule to learn more.


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