Hey everyone. This is Kirk here again from Option Alpha and welcome back to the daily call. Today, we’re going to answer the question, “What are the different types of brokerage accounts?” For me and the way that I think about this, I really think that there’s probably three main types of accounts and then there’s sub-labels or categories within each. The three main ones for me I would say are cash accounts, margin accounts and then a discretionary account, so an account that might be managed for you by an IRA or something like that. And so, within those, then you can have multiple levels or labels depending on the brokerage that you use. For example, TD Ameritrade has a bunch of different standard, retirement, education, specialty accounts and then within those, so in particular, within the standard accounts that they have, you have individual, tenants-in-common, tenants with joined right over survivorship, community properties, tenants by entireties, guardianship or conservatorship. There’s always different levels and categories, but generally, it’s just a couple of things. It’s either a cash account or a margin account which basically means you’re investing cash or in a margin account, you have the ability to borrow or to leverage on margin. And so, this is what many people start using when they get into options trading, is just a margin account. Though you’re not necessarily going to be borrowing, but you basically put up capital on margin when you sell options as a way to cover the position and cover the risk. This is why many people open up margin accounts to begin with. It’s probably the most flexible type that you can open and then you would just have to open your specific category, your specific label. Are there are any individual? You want to do it with your wife, your spouse, your brother, your sister, your girlfriend, whoever. That’s where you get into more of like the details of what type it is with the individual brokerage. Hopefully this helps out. As always, if you guys have any questions, let me know and until next time, happy trading.