To place a naked equity call or put trade (Levels 3 and 4) you must have margin equity of at least $5,000 in your margin account. At Levels 3 and 4, margin customers will be allowed to enter naked short put positions.
Do you need Level 2 to day trade?
Level 2 can be a very valuable tool to have as a day trader. When you are looking at breakout setups like a Gap-and-Go, and you see a lot of sellers on the ask, then you can reasonably assume that if those sellers get bought up, prices will likely pop higher.
Does stocks to trade have Level 2?
StocksToTrade for Level 2 On the platform, we offer Level 2 quotes. You can even install a Level 2 widget to maintain a full view of the action on a stock. You'll find real time information about the quotes and the Market Makers involved, as well as the buy and sell price of the stock in question.2018-12-15
What does Level 2 Stock mean?
Level 2 (or Level II) is the electronic order book for listed stocks, which can be accessed by traders and investors through subscription-based services. Level 2 shows a ranked list of the best bid and ask prices, orders from all market makers and market participants, and order sizes.2021-06-09