TD Ameritrade Institutional announced a new options trading, education and support package for advisors Thursday.
Called the Options Market Center, the new package includes options trading software, access to options specialists for advice and support, and an options education program.
Options trades by advisors are up 58% this year compared with last year at TD Ameritrade, the company said in a press release. Still, some advisors are hesitant to use options strategies, Jeff Chiappetta, managing director, institutional trading and fixed income at TD Ameritrade Institutional, said in a statement.
The education offered as part of the options package includes webcasts and live one-day workshops across the country, according to the press release. Topics covered range from foundational concepts to advanced options trading strategies, and the workshops give advisors the opportunity to earn eight CFP continuing education credits, according to TD Ameritrade.
The next Options Market Center workshop will be Nov. 3 in Chicago at the InterContinental hotel.