What are the best online brokerages for options trading?

And there is a growing roster of places where they can trade options. Along with the established names (Fidelity, Charles Schwab, TD Ameritrade), some of the best online brokerages for options trading for individuals include:

What are options traders?

Options traders are speculating that an underlying asset’s price will move one way or another. Stock option contracts tend to represent 100 shares of the underlying stock. But stocks aren’t the only option; investors can also buy and sell options on other assets, like bonds, commodities and exchange-traded funds (ETFs).

Do options brokers charge commissions?

While many brokers have eliminated fees for trading stocks or exchange-traded funds (ETFs), these still exist for options. Commissions may range from a flat rate to a per-contract fee based on the amount you trade—both when you buy or sell options.