To Claudio's email, I would love this team to get better rates. I would suggest working with Chris (group owner) to make this happen. Chris has a lot of knowledge and clout out there :-).
Even if we can get $0.75-$0.80 per contract, it would be much better than being with IB or OX. I have 2 accounts that I can move to TOS, in addition to 2 I already have with TOS.
I also know few people who would love to join this team and rate. This way, TOS gets so many captive traders and trades (approx 8-10 trades or 30-35 contracts per trader, give and take). This is just a sample. of my trading combined all accounts.
Cheers, v
V. Kapil
http://twitter.
I would make the switch... And I do a ton of trading...
Sent from my BlackBerry Smartphone provided by Alltel
I think Vivek has a good idea I would like to follow up on.
Is there enough TOS customers in this group to ask as a group for TOS to change their rate? Based on the thread below it looks like IB has $0.70 per contract with a $1 minimum. If TOS can do this it will be a big deal for me and I am sure others.
I know there is a way to do a poll in yahoo groups, so it should not be hard to find out how many of us use TOS. I volunteer to set it up if my privilages allow. Also I am an Investools (part of Ameritrade with TOS)PhD student and I am part of other groups where most if not all the members use TOS, I could do the same there. I am sure I am not the only one that is part of other groups. If we put forces together, I have a good feeling that we may be able to do something about this.
I have been a part of this group for a long time and have never posted but this topic sroke a cord in me to do this.
Claudio
--- In OptionClub@yahoogro
>
> I am familiar about IB but do not like their platform as much. I wanted to see if we can negotiate same price with TOS.
>
> Does this group have enough pull? Has anyone done it etc etc?
>
> Ciao and Happy trading. V
>
> V. Kapil
> http://twitter.
>
> -----Original Message-----
> From: Christian Gross <christianhgross@
> Date: Sun, 17 Jan 2010 13:55:31
> To: <OptionClub@yahoogro
> Subject: Re: [TheOptionClub.
>
> That's the default rate for IB...
>
> Though there is a new 0.014 USD charge that will be added in February.
> Its a new surcharge charged by the US government for surveillance of the
> options market. [sarcasm]Yippeee.
>
> Christian
>
> On 16/01/2010 08:44, vivekkapil@.
> >
> > What do we need to ask and who to get this rate? Please help.
> >
> > Thanks, v
> >
> > V. Kapil
> > http://twitter.
> >
> > ------------
> > *From: * Christian Gross <christianhgross@
> > *Date: *Fri, 15 Jan 2010 18:36:07 +0100
> > *To: *<OptionClub@yahoogro
> > *Cc: *KC<kchueng@
> > *Subject: *Re: [TheOptionClub.
> > Commissions?
> >
> > For options on equities, or indicies it is 0.70 per contract, and a 1
> > USD minimum.
> >
> > Christian
> >
> > On 15/01/2010 16:26, KC wrote:
> >
> >> Jacob,
> >> May I ask how can you get the .70 per option contract? I though IB
> >> charge 1 per contract for retail.
> >> Thanks
> >> Karen
> >>
> >> ------------
> >> *From:* "jacob.pacini@
> >> *To:* OptionClub@yahoogro
> >> *Sent:* Thu, January 14, 2010 6:18:19 PM
> >> *Subject:* Re: [TheOptionClub.
> >> Commissions?
> >>
> >> If I'm not mistaken it .70 per option contract with ib... Not $1 that
> >> make a .55 difference and to high volume trades that does make a huge
> >> difference.
> >>
> >> Sent from my BlackBerry Smartphone provided by Alltel
> >>
> >> ------------
> >> *From: *"Joules" <jouless360@
> >> *Date: *Thu, 14 Jan 2010 21:25:09 -0000
> >> *To: *<OptionClub@
> >> *Subject: *Re: [TheOptionClub. com] Has anyone tried this for TOS
> >> Commissions?
> >>
> >> You can get $1.25 if you transfer an account from IB to TOS with a
> >> minimum account. They do this to compete with IB but they can never
> >> match the $1.00 trades at IB. I wouldn't expect them too either. The
> >> customer service and the tools at TOS are so superior that its worth
> >> the extra 25 cents per contract.
> >>
> >> Joules
> >>
> >> --- In OptionClub@yahoogro ups.com
> >> <mailto:OptionClub%
> >> <josepht51@ ..> wrote:
> >> >
> >> > I called TOS last Monday and was told that you have to trade 1000
> >> contracts per month to get $1.25
> >> > Joseph
> >> >
> >> > --- On Wed, 1/13/10, Tony Percuhini <tperuchini1959@ ...> wrote:
> >> >
> >> > From: Tony Percuhini <tperuchini1959@ ...>
> >> > Subject: Re: [TheOptionClub. com] Has anyone tried this for TOS
> >> Commissions?
> >> > To: OptionClub@yahoogro ups.com <mailto:OptionClub%
> >> > Date: Wednesday, January 13, 2010, 6:08 PM
> >> >
> >> >
> >> >
> >> >
> >> >
> >> >
> >> >
> >> > Â
> >> >
> >> >
> >> >
> >> >
> >> >
> >> >
> >> >
> >> >
> >> >
> >> > $1.25/contract and no ticket charge is available if you ask TOS,
> >> and that's even with a small account balance.
> >> > Tony
> >> >
> >> >
> >> > Â
> >> > On Wed, Jan 13, 2010 at 2:47 PM, Jack <jack@jackcpa. com> wrote:
> >> >
> >> >
> >> > Â
> >> >
> >> >
> >> >
> >> >
> >> >
> >> > Yes, that is an easy deal. Call them and tell them you are member
> >> of an option club (doesn’t really matter which one J ) and you want
> >> have to pay a ticket charge.
> >> >
> >>
> >
> >
>
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