How does E*Trade assess my options trading level?

E*TRADE assesses your options trading level based on the information you provide in your Options Upgrade Request form. Etrade also has level 2 option quotes. This should not be confused with level 2 options trading. When it comes to the level 2 quotes, it is all about the specific real-time prices of the equity options you are trading.

What is Level 2 trading data?

Level 2 trading data is the level 2 quote stream. Depending on your trading platform, you may only have level 1 trading data. Level 2 trading data usually costs more to receive. On Etrade Pro, level 2 trading data is included free if you make 30 trades (1 trade = buy, and 1 trade = sell) or 15 round trades per quarter. What do level 2 quotes show?

How do I access level 2 quotes on Etrade pro?

How to access level 2 quotes on Etrade Pro. Real-time data and Level II quotes are available at E*Trade. There are some caveats, though. Here are the details. E*Trade requires a $1,000 account balance to sign up for any type of advanced data package.

What are the benefits of Level 2 options trading?

As long as the asset is listed on an exchange, you’ll be able to get access to level 2 trading. But the benefits of using level 2 market data have a higher impact on some markets than others. Level 2 options trading offers more flexibility in terms of how traders can trade options.