NEW YORK—March 10, 2020 — Webull Financial LLC, an independent, self-directed broker dealer focused on zero-commission trading and in-depth market data, announced the official debut of Options Trading (https://www.webull.com/options). As the newest addition to Webull's extensive list of trade offerings, Options Trading was added to the platform due to customer feedback and the company's overarching goal to make Webull a top destination for all traders. The official launch follows a hugely successful options Beta testing period, which prompted an overwhelmingly positive response from users who participated in this initial phase. "Bringing options trading to our larger platform is something we have definitely been looking forward to," said Anthony Denier, CEO of Webull. "We strive to bring the best tools to our users and, after seeing the enormous response during the beta phase, we knew options trading would be embraced by our growing user base." Options Trading is available on the latest versions of the Webull 6.0 mobile and desktop platforms (https://www.webull.com/introduce) in the U.S. only. Basics features of options trading include: · Option Contract: An option contract is an agreement between a buyer and a seller to buy or sell a stock at a specific price within in a given time frame. These come in two basic types: calls or puts. · Call Option: A call option gives the buyer the right to buy the underlying security at a specified price, and obliges the seller to sell the underlying security at the specified price. · Put Option: A put option gives the buyer the right to sell the underlying security at a specified price, and obliges the put seller to buy the underlying security at the specified price. · Premium: The cash price the option buyer pays to the option seller. · Strike Price: The pre-determined price at which the purchase/sale takes place is the option is exercised. · In/At/Out of the Money: · In the Money: An option is "in the money" when it is worth exercising. A call is in the money when the underlying stock price exceeds the strike price. A put is in the money when the underlying stock price falls below the strike price. Option buyers want option contracts to be in the money. · At the Money: An option is "at the money" when the market price equals the strike price. · Out of the Money: An option is "out of the money" when it is not worth exercising. Option sellers want the option contracts to be out of the money. · Expiration Date: Options carry an expiration date that specifies the last day the option contract exists. In the U.S., option holders are allowed to exercise their contracts any time on or before the day of expiration. Any contracts owned that are at least $0.01 in the money at expiration will be automatically exercised. Those at or out of the money at expiration will expire unexercised. Option Order Entry begins at 8 am; Option Market Hours are 9:30 - 4PM. ET every trading day, until the option is set to expire.
Disclaimer: Options trading entails significant risk and is not appropriate for all investors. Option investors can rapidly lose the value of their investment in a short period of time and incur permanent loss by expiration date. Losses can potentially exceed the initial required deposit. Before trading options please read the Options Disclosure Document "Characteristics and Risks of Standardized Options" which can be obtained at www.webull.com. Index Option contract fee, Regulatory and Exchange Fees may apply.
About Webull Financial Webull Financial LLC is a broker-dealer registered with the Securities and Exchange Commission (SEC) and is a member of the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC). The headquarters of Webull Financial LLC is located at 44 Wall Street, New York, NY, USA. Media Contact Nicholas Koulermos Webull@5wpr.com (646) 843-1812 | 
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