system
A chat on subreddit /r/wallstreetbets
human
Can you please clarify what you mean by level 2. I have been trying to figure out if I can buy short term options within a TFSA but can't seem to find any literature. I know you can hold long term options and sell covered calls.

gpt
Level two is buying calls/puts plus selling covered calls. The regulations are loosely worded which sucks, but basically if you're making a living off trading in your TFSA then that's a no-no. If you're just buying and selling from time to time then you're fine.