A brokerage account where the brokerages permit the account holder to hold options. The extra risks of option trading entail more regulation. As a result, the holder of a brokerage account must be provided material detailing these risks and sign an option disclosure document before his/her account may become an option account.
A brokerage account that is approved for buying and selling options. Opening an option account requires that an investor complete an option agreement and receive a brochure describing the risks of trading standardized options.