No it doesn't, you just need a decent credit score and enough bravery/foolishness to click the "I know what I'm doing" box. Usually they'll have a higher level

No it doesn't, you just need a decent credit score and enough bravery/foolishness to click the "I know what I'm doing" box. Usually they'll have a higher level for margin trading and certain strategies that requires something extra but just writing secured contracts and buying options requires almost nothing.