How to Read and Understand an Options Chain

An options chain, also known as an options table, is a list that includes all available options contracts. The list will show the options side, expiration date, strike price, and quotes simultaneously.

What is an options chain?

An options chain, also known as an options table, is a list that includes all available options contracts. The list will show the options side, expiration date, strike price, and quotes simultaneously.

How do you access the options chain on Webull?

Entry: Stock details page>Options>Options Chain

How to change the list view of your options chain

Webull provides two list views for options chains: List view and Straddle view. The Straddle view is the default display, but you can also set the chain to display as List view to fit your desired trading style.

How do you access a contract quotes page?

You can access the trade page with one click of a contract and access the contract quotes page with a double-click.

How to read options chain

  • The Left side shows call contracts; the Right side shows put contracts.

  • ‌Strike price and Days to expiration

  • ‌Expiration date and Multiplier

  • ‌ITM and OTM contracts

  • Strategies, option class, contract quotes, and settings.

How do you customize the options chain?

Different settings help investors customize an options chain to fit their trading style.

There are 5 customizable items in the options chain below:

  • Columns: Webull provides over 20+ quotes under options contracts, which allows investors to select and analyze contracts from different quote dimensions. You can select one of them to display on your chain and change the order of the quotes on the page.

Entry: Settings>Columns

  • ‌Strike numbers: 6, 10, 20, 30, 50, and All. You can select the number of strikes shown in your options chain.

  • ‌Expiration Type: Regular, Weekly’s, and Quarterly’s.

  • ‌Deliverables: Standard and non-standard options.

  • ‌Sort by Strike Price: Ascending and Descending.

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Disclaimer: Options are risky and not suitable for all investors. Investors can rapidly lose 100% or more of their investment trading options. Before trading options, carefully read Characteristics and Risks of Standardized Options, available at Webull.com/policy. Regulatory, exchange fees, and per-contract fees for certain option orders may apply.
Lesson List
1
An Easy-to-Understand Way to Read an Options Chain
2
Quick Trade with Options Discover
3
A Helpful Tool for Contract Selection
4
Options Calculator Introduction
5
How to Trade Unusual Options Activity
6
Available Strategies for Level 1 and Level 2
7
GTC for Options Trading
8
Exit Options Positions with Option Alerts
9
Protect Your Options Position by Using the Take-Profit and Stop-Loss Order Feature!
10
Options Paper Trading
11
Guide to Options Trading on Web
12
Practice Your Options Trading on Webull Desktop