Trading Equity Options 

Use stock options to complement your portfolio.

Increase exposure, mitigate risk or generate income. Whether you have a high risk attitude seeking maximum profits or a more conservative approach looking for stability and income, Options could help you achieve your goals with competitive pricing and no hidden costs. You can use stocks and bonds as collateral for your options trades, all from one account.

To help you get started or brush up on options strategies, you may access our training modules, webinars and in-house expertise at no cost – or benefit from our partnership with the OIC, the Options Industry Council.

See commissions as low as 1.50 GBP

Powerful Technology

Our trading platforms are fast, intuitive and simple. Investors are empowered by our strong combination of advanced tech and powerful trading tools.


Our technology is secure, robust, and reliable. Access all of our products with a single Saxo ID and benefit from our long heritage as a fintech pioneer.

Ongoing Support

Interact with our support teams via telephone, chat or email throughout market open hours. A wide range of educational resources are available through Saxo Academy, options webinars and frequent options trade views published by Saxo Group's trading experts, #SaxoStrats

Wide access

Trade some of the most liquid options on stocks and stock indices from the UK to US, Europe and beyond. Access a wealth of expertise and information from Saxo Group and third-parties.

Hedge your investments

Use Equity Options to lock in your equity gains, protect your portfolio in declining markets and play on volatility around earnings. Or use them as building blocks to position yourself in up, down and sideways markets.

Markets change. Follow suit with a choice of strategies.

Below you can read about three of the many exciting Equity Options strategies you can execute to trade the markets and achieve your goals.

Protective Put

This strategy would be used if you wanted to hedge your portfolio of stocks to protect it against a short-term downside of the market.

Learn more

Covered Call

Eligible clients can use this strategy to enhance your stock portfolio. Earn a premium writing Calls while enjoying the benefits of the underlying stock ownership.

Learn more


By buying Straddles, you can take advantage of the unpredictability of the stock price gap movement following quarterly earnings reports.

Learn more

Volume based pricing means you pay less per trade as you trade more. Whatever your trading style, you can be certain that our prices are transparent. At Saxo, you know what it will cost before you trade. 

View all pricing details

Trade Equity Options with commissions at 1.50 GBP*

We deliver access to competitive pricing and tight spreads. And with volume-based commissions, the more you trade, the less cost you'll incur per trade.

*Terms & conditions apply.

As low as1.50GBP*

Whether you are new to options trading or are simply looking for a way to sharpen your trading skills, at the Saxo Academy you can find videos, modules, courses and quizzes that are right for you. 

Visit the Saxo Academy

Beyond that, our partnership with the OIC gives you direct access to a great source of practical and theoretical information. Learn more about Equity Options with the Options Industry Council.

The Options Industry Council

Options Industry Council Logo

Visit the Options Industry Council site to learn more. The OIC offers additional educational material, events, webinars, and courses. 


The special risks inherent to options trading may expose investors to potentially rapid and substantial losses, which means they are not suitable for all investors. Options trading privileges are subject to Saxo Capital Markets UK Ltd review and approval. Prior to buying or selling an option we advise that investors read a copy of the Options Clearing Corporation’s Characteristics & Risks of Standardized Options, also known as the options disclosure document (ODD), which explains the characteristics and risks of exchange- traded options.  

Spreads, Straddles, and other multiple-leg option strategies can entail substantial transaction costs, including multiple commissions, which may impact any potential return.  These are advanced option strategies and often involve greater, more complex risk than basic options trades.

Exercise and assignment of options, particularly American-style, may lead to substantial losses, especially if a writer of the option is “uncovered.” Options that expire in-the-money are subject to automatic exercise, while options that are out-of-the-money are expired. In some cases, holders of long OTM options may decide to exercise if very close to the daily settlement underlying price, e.g. “Pin Risk.”

Please note that Saxo Academy is property of Saxo Bank A/S. The materials published on Saxo Academy should not be considered as financial, investment, tax, trading or other advice, or recommendation to invest or disinvest in a particular manner. SCML assumes no liability for any losses resulting from trading in accordance with a perceived recommendation or reliance on Saxo Academy materials. Following or replicating other traders involves risk. Past performance of a trader is not indicative of future results.


Trade Responsibly

Key Information Documents

All trading carries risk. To help you understanding the risks involved we have put together a series of Key Information Documents (KIDs) highlighting the risks and rewards related to each product. Read more

Additional Key Information Documents are available in our trading platform.