Finding the best cheap stocks for options trading isn’t the easiest thing to do. Many lower cost stocks are cheap for a reason and happen to be trash companies with little revenue and horrible balance sheets.

Best Low Cost Cheap Stock for Options Trading

Here are a few of the best lower cost stocks for options trading with high IV.

• Lucid Group (NASDAQ: LCID)
• AMC Theatres (NYSE: AMC)
• Marathon Digital Holdings (NASDAQ: MARA)
• Credit Suisse (NYSE: CS)
• Riot Blockchain (NASDAQ: RIOT)

Lucid Group (LCID)

Lucid Group Inc. is an American electric vehicle manufacturer that specializes in the production of luxury electric cars.

LCID is a heavily shorted stock with a high short interest that trades in correlation to Tesla (NASDAQ: TSLA). It’s one of the premier EV stocks with a good chance to compete with Tesla, Rivian, and Nio as one of the top electric car companies.

LCID is one of the best growth stocks under $10, making it a decent target for options traders.

AMC Theatres (AMC)

AMC Theatres is the largest movie theatre chain in the world with over 1,000 locations across the United States and internationally. AMC stock is one of the most popular meme stocks that retail investors trade on a regular basis.

There is plenty of opportunity to make money trading AMC options whenever there is market volatility. However, don’t expect a massive AMC short squeeze again due to consistent trading halts that prevent massive price gains.

Marathon Digital Holdings (MARA)

Marathon Digital Holdings is a digital asset technology company focused on cryptocurrency mining and blockchain development. The company operates one of the largest mining operations in North America and is working to expand its mining operations globally.

MARA options move aggressively whenever Bitcoin soars or crashes in value. The company has the largest BTC holdings out of all crypto mining stocks plus it usually has a high short interest.

Credit Suisse (CS)

Credit Suisse is a Swiss multinational investment bank and financial services company. It offers a range of financial services, including investment banking, private banking, and asset management.

CS stock is currently volatile due to its balance sheet and struggles during the 2023 global banking crisis. It seems like bank stocks are trading all over the place, making Credit Suisse a good target for options traders.

Riot Blockchain (RIOT)

Riot Blockchain is a US-based cryptocurrency mining and blockchain development company. The company operates a portfolio of digital assets, including Bitcoin, and focuses on the development and deployment of blockchain technology for businesses and industries.

RIOT is another stock that moves alongside Bitcoin and can be volatile whenever cryptocurrencies soar or crash in value.

Can You Trade Options with $100?

You can start trading options with $100 if you use an options trading broker with $0 options trading fees and focus on cheaper stocks like the ones mentioned above.

Robinhood is my preferred options trading platform that charges zero fees on trades. Just remember to avoid making more than 4 day trades within 5 consecutive trading days or you will trigger the pattern day trading ban.

You can avoid the PDT ban by switching your options trading account from a margin account to cash account.

Ready to Get Started?

If you are ready to start buying cheap stocks for options trading then check out our recommend cheap options trading platforms with the lowest fees.