Upbeat music plays throughout
Video intro plays
Narrator: Interested in making a collar options trade? You can make options trades via the All-In-One Trade Ticket. A collar involves both selling a covered call and buying a protective put on a security you already hold in the account; therefore, be sure you’ve selected the account holding the underlying security’s shares, usually 100 shares per contract, before placing this kind of options order.
On-screen text appears noting the above
Narrator: Please note that your account must be approved for options trading before a collar trade can be made.
Another On-screen text screen appears noting the above
Narrator: To get started, select Trade, then select All-In-One Trade Ticket.
Trade is selected, followed by All-In-One Trade Ticket
Narrator: Enter the symbol for the security that you hold shares of, then under Strategy select Collar/Synthetic.
Stock symbol HPE is entered, then Strategy is selected, followed by Collar/Synthetic
Narrator: Select Sell to open under Action and choose the desired strike price and expiration date for the covered call part of the collar.
Sell to open is selected under Action and a new strike price and expiration date are chosen.
Narrator: Next select Buy to open under Action and choose the desired strike price and expiration date for the protective put part of the collar option.
These selections have been auto filled into these fields so the arrow points to each as they are mentioned without selecting new values
Narrator: Complete the order by selecting the order type, and if applicable, price information and timing.
Arrow points to these fields without changing their values as they have been auto-entered
Narrator: Select Review Order, check the order details for accuracy,
Review Order is selected and the Verify Order screen appears
Narrator: and then select Place Order to submit the order.
Place order button is highlighted by a blue line
Video outro plays