How To Buy Options On WeBull

How to Buy Options on Webull

Now that you’ve started investing with Webull, it’s time to take it to the next level and learn how to buy options on Webull.

Webull, a leading broker app, not only makes it easy to trade options, but it also allows you to do it commission-free

Some brokers charge fees for commissioning option trades, but not Webull. 

Another reason Webull is soaring in popularity is that the interface of the app makes it easy for even beginners to learn how to buy options on Webull. 

With their clear, real-time charts, it is easy to see what is happening in the market, so you can determine the volatility of the stocks.

And, volatility is the key when it comes to buying and selling options on Webull.

Today, I’m taking time to walk you through how to buy options on Webull, as well as why this is something you should be doing to grow your wealth

What Are Options?

What are stock options

This is how Webull defines options trading:

“An option is a contract between a purchaser and a seller. […] The option buyer agrees to pay a fee, called a premium, to the option seller. The option seller, also called the option writer, transfers a certain right to the option buyer. The option buyer then has the right, but not the obligation to buy or sell an underlying asset. […] As the holder of the stock option, the buyer has the opportunity to buy or sell a stock at a specific price referred to as the strike price. The concept of strike price is a key distinction in option trading. It is a fixed price at which the option holder can buy or sell the underlying asset. The option buyer has a deadline called the expiration date. A decision to buy or sell the underlying asset must be made prior to a specified date.”

If you are confused reading that definition, you’re not the only one.

Essentially, when you buy options on Webull, it means you put a contract on options, which gives you the right to buy or sell 100 shares of the stock at a specified underlying position (shown as the strike price).

You are buying at the implied volatility of the strike price going higher or lower by the expiration date. 

Before you jump into trading options, you need to embrace some new terminology.

  • Strike price: This is the fixed price at which the option holder can buy or sell.
  • Call option: If you purchase a call option, it means you have the right to buy the stock at a certain price until the expiration date.
  • Put option: If you purchase a put option, it means you have the right to sell the stock at a set price by the expiration date. It’s the opposite of the call option.


Basically, when you buy options on Webull, you’re playing the volatility of the market and you’re using options to do it. 

Why You Want to Buy Options on Webull 

You may be wondering if you should buy options on Webull. My recommendation is YES.

When I was first getting started investing, I didn’t have a lot of money to buy stocks. So, instead, I spent less money out of pocket buying options.

Let me give you an example.

Let’s say you were to buy 100 shares of GameStop today priced at $174.91. That would cost you $17,491 to buy it.

Or you could buy 1 contract option at $7.00. Remember, 1 contract option equals 100 shares. You will have spent just $700 instead of $17,491. 

Moreover, the most you can lose in this is that $700. 

Plus, as you learn the ins and outs of how to buy options on Webull and sell options, you can generate a good amount of income making these trades.

[Related Read: How to Get the Most out of Webull]

How to Buy Options on Webull

Now that you see the big-picture purpose for trading options, let’s talk about how to buy options on Webull.

It’s really simple. 

The app interface is designed so you can easily compare different strike prices, open interests, volume, put options, and call options.

This information is all located underneath your Webull dashboard chart in the Options tab. 

If you find an option you want to buy, click on the line, and it will open up a buy/sell window on the right-hand side of your screen.

Similar to how you buy/sell stock on Webull, this window allows you to enter in the number of contracts you’d like to buy or sell, at which limit price, and the expiration date. 

Watch this video to see how to buy options on Webull.

How to Get Free Stocks on Webull

Hopefully, you have already received your free stocks on Webull. This is a legitimate offer that every Webull user should take advantage of.

Plus, the free stocks don’t end after you sign up.

Every time you invite someone, and they sign up, you earn the opportunity to win free stocks or Level 2 NASDAQ TotalView Access.

Currently, Webull is running a spin-the-wheel style promotion for referrals where you spin a virtual wheel to determine your prize winnings. You can spin the wheel up to 10 times a month.

With Webull, the free stocks keep rolling in!

Get free stocks! Sign up now!