Christopher negotiated a special discount rate of $1.50 per contract with no ticket charge for club members. Not having a ticket charge really helps when making adjustments or legging in/out of positions.
Just email scott@thinkorswim.
FYI, in fact if you ask Scott to match Interactive Brokers, he will give you $1.25/contract, which is what I have on my accts.
----- Original Message -----
From: OptionClub@yahoogro
To: OptionClub@yahoogro
Sent: Tue Feb 16 13:48:42 2010
Subject: Re: [TheOptionClub.
Hello I am new to the group. What are the details on these $1.50/contract special pricing at TOS that you are talking about.
thanks
Alex
On Feb 16, 2010, at 1:42 PM, Nick Horowitz wrote:
Hi Sam. With TOS the best-practice is to set your limit order at the "mid" price. The TOS order screen shows you a price continuum with "mid" and "nat" (natural) price and a purple arrow showing where the price currently is. We always go for the "mid" price (which is half way between bid & ask) because it shaves a few cents which adds-up to real savings over time. Just cancel/replace with the new "mid" price if it moves. I usually wait about 5 mins to see if it fills before I cancel/replace. Now spreads and other combo orders sometimes take longer to fill because the market maker has to deal with them manually a lot of times. So if you have the flat $1.50/contract special commission rate for OptionClub members (email scott@thinkorswim.
From: OptionClub@yahoogro
Sent: Tuesday, February 16, 2010 1:14 PM
To: OptionClub@yahoogro
Subject: [TheOptionClub.
Hello everyone. My name is Sam and I've been lurking for a few weeks and learning a lot from everyone's posts. I have been paper trading on thinkorswim and have been doing quite well, so I decided to try it with real money. However, I've been having a great deal of difficulty getting my vertical orders filled at market. In TOS paper money, if the volume is 1000+ for the day, I can fill an order in seconds, but with real money, several minutes go by without filling. My strategy is somewhat dependent on nearby prices, so by then the market has changed and I have to cancel. Any ideas on why this is happening? Is this normal for the "real world"?
Thanks!
Sam
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