Classic options at IQ Option – How to trade them

IQ Option presents a completely new financial instrument – the classic options. Just like with binary options which are offered at IQ Option, you also have to choose whether the price of a classic option goes up or down. The main difference that these two financial instruments have, is that with classic options you can close the trade anytime you want. So you do not have to wait for the expiration time like you do with binaries. Maximal losses are limited to the money you invest into the trade. However, the potential gains are unlimited.

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Risk Warning: Your capital might be at risk as all types of trading carries certain risks.

Classic options at IQ Option – Introduction

Today, there are several stock option exchanges such as:

  • CME (Chicago Mercantile Exchange)
  • CBOE (Chicago Board Options Exchange)
  • PHLX (Philadelphia Stock Exchange) – now known as NASDAQ OMX PHLX
  • EUREX (International Exchange).

and more. Trading volume of these exchanges exceeds 1 trillion dollars. The main advantage of trading classic stock options at IQ Option in comparison to trading regular stocks is getting profit from expensive stocks through affordable options.

IQ Option gives you the chance to buy and sell options at the best rates from all exchanges with a minimum commission. 500 assets are tradeable as classic options with IQ Option. Such as HP inc., Apple, Amazon.com, eBay inc. , and many, many more. Classic options are not a short term trades. Now let’s look at how we can create a classic option trade and when we can trade these options.

How to trade classic options at IQ Option

  1. Firstly, you have to choose that you want to trade classic options – the third option when you click the + symbol, right after „Turbo“ and „Binary“.
  2. Then you are able to choose an asset, either from a regular list of assets or from a list of trending options, which allows you to see currently the most dynamic options.
  3. Once you select an asset, choose a number of options you want to buy. The more options you add, the more you will have to pay for the trade. However, you will also be able to earn more. You can see how much you will have to pay for creating the trade when you look at the call and put buttons.

In the same time, you can look at the 2 bars on the right side of the chart. A green one and a red one. Both of them are split in a half and indicate how much profit you can earn. They demonstrate, how your trade is doing, – the left side of the bar displays how much profit you can earn after the sale (when you close the trade before expiration). And the right side of the bar shows how much profit you can earn, once the classic option expires.

You can also choose a risk and a potential profit of your trade. The more risk you take the more you can earn. This can be done by selecting a strike price. (see the video above).

  • When you want a lower risk with a call option, choose „lower strike price“
  • When you want a lower risk with a put option, choose „higher strike price“

When the classic options can be traded

The classic options are available only when the America Stock Exchange is open. That is from 9:30 AM to 4 PM Eastern Time, or from 2:30 PM to 9:00 PM GMT.

IQ Option has more interesting functions in the sleeve

IQ Option also plans to add new trading functions to classic options such as: stop loss, take profit or partial sell off. These functions will serve to even better risk management of your trades.

Trade assets from the largest companies, indices and commodities thru option exchanges with IQ Option

Risk Warning: Your capital might be at risk



Michael
Author: Michael
Hi, I'm Michael and my area of expertise is forex and binary options trading. I specialize in technical analysis, namely in chart pattern setups. I educate traders of all levels and I believe that prerequisite to successful active trading is always knowing risks of the game. My most current interest lays in cryptocurrencies, especially in Ethereum and in decentralized applications. I do not give investment advice, but for general inquiries please use the comment section under any article.

18 Comments

  • Yog

    When it will be available for trading?

    • Adminbeasts
      Adminbeasts

      Hello Yog, IQ Option stated only “coming soon”, so no official release date has been set yet. But we will definitely keep you updated in this article once the classic options will be available, so I recommend bookmarking this page 🙂

  • JustCurious

    thanks you for this

  • arun

    i am new to binary trading how to get steady profit from binary option trading?

  • Alexandre The French

    Hello, IQ said me when classic options. In one Month. Good news no ? 🙂

  • YISA

    Hello admin. Do you help inexperienced traders by helping them to trade or do a live session. I’ve lost too much money on iq option and i was wondering if you could be of any help since you are a professional trader

    • Adminbeasts
      Adminbeasts

      Hello YISA, to inexperienced traders I provide educational materials on this website, however, I never trade on their accounts. And I recommend you not to anyone else but you trade on your account. Live session or currently not held but if there will be a great number of traders interested in them, I might consider this possibility later. I hope you find my articles helpful, I definitely suggest to check out our binary options guide. If you already lost some money at IQ Option don’t trade on a real account for a while and rather try your strategies on a demo.

  • Michael

    Just for interest. How many trades do you do in one day Adminbeast and what time of day would you say it would be the ideal time to trade?

    • Adminbeasts
      Adminbeasts

      Hello, Michael!
      I do not make a huge volume of trades, usually around 7-10, maximally 15 in one day. I try to profit from a smaller numbers of trades because I believe that you can not make a good money from a huge volume of trades, since you can not focus on every single one of them that well. About best time to trade check our post: When to trade binary options and forex. I hope that answers your question, have a good day!

  • Michael
    Michael

    Classic Options are coming very soon and just to keep you informed, they will be available for the first 3 months at NO COMMISSION. So IQ Option will not make any profit from their trading for the first 3 months whatsoever.

  • Michael
    Michael

    As promised guys, we are pleased to inform you that IQ option just announced that classic options are available since today!. So everyone subscribed to this article should be notified.:)

  • Ngonidzashe Maminya

    How much stake do i put for each classic trade

    • Michael
      Michael

      It depends on how many options you want to buy. Usually, one option costs about 1 dollar, it is also based on the strike price you choose.

  • Mr C.E.O

    HELLO admin are these classical options available on IQ Options mobile app?

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