SoFi launches options trading for beginners

SoFi Technologies, an online lender turned digital bank, is expanding its trading services for customers of SoFi Invest. SoFi announced on Thursday that customers with active investment accounts can now apply for fee-free Level 1 options trading, including covered calls and cash-secured puts.An option is a contract giving an investor the right, but not the obligation, to buy or sell the underlying asset at a specific price on or before a certain date. Trading options is a strategy that some investors use t ...