SoFi plans to expand options trading for customers, offering zero commissions and no contract fees. New “level 1” options, suitable for beginners, will include covered calls and cash-secured puts. SoFi aims to provide educational resources to help users understand options trading, with plans for future expansion. Shares of SoFi rose 1% Thursday.

Read more at Yahoo Finance: SoFi Is Expanding Its Options Offerings. Here’s What You Should Know