Alex,
E-mail scott@thinkorswim.com and let him know you are a member of the Option CLub and ask for the $1.50 per contract commission rate.
Karen
From: Alexander St.John <alexstjo@mac.
To: OptionClub@yahoogro
Sent: Tue, February 16, 2010 3:48:42 PM
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
------------
The goal of TheOptionClub is to provide a forum for members to work together for the purpose of furthering our individual understanding option trading. All messages and postings, and any materials circulated are provided for discussion and educational purposes only. No statement contained in any materials from TheOptionClub should be considered a recommendation to buy or sell a security or to provide investment, legal or tax advice. All investors are encouraged to consult a qualified professional before trading in any security. Stock and option trading involves risk and is not suitable for most people. There is no guarantee that any information provided is accurate and, may in fact, be wrong. It is understood that the participants in TheOptionClub have varying backgrounds and degrees of experience in option trading, and that regardless of experience each member is considered a student. As such, any information distributed through TheOptionClub should be considered with a critical mind and not relied upon as an authoritative source.
To unsubscribe from TheOptionClub, send an email to:
OptionClub-unsubscr
<*> To visit your group on the web, go to:
http://groups.
<*> Your email settings:
Individual Email | Traditional
<*> To change settings online go to:
http://groups.
(Yahoo! ID required)
<*> To change settings via email:
OptionClub-digest@
OptionClub-fullfeat
<*> To unsubscribe from this group, send an email to:
OptionClub-unsubscr
<*> Your use of Yahoo! Groups is subject to:
http://docs.
__._,_.___
The goal of TheOptionClub is to provide a forum for members to work together for the purpose of furthering our individual understanding option trading. All messages and postings, and any materials circulated are provided for discussion and educational purposes only. No statement contained in any materials from TheOptionClub should be considered a recommendation to buy or sell a security or to provide investment, legal or tax advice. All investors are encouraged to consult a qualified professional before trading in any security. Stock and option trading involves risk and is not suitable for most people. There is no guarantee that any information provided is accurate and, may in fact, be wrong. It is understood that the participants in TheOptionClub have varying backgrounds and degrees of experience in option trading, and that regardless of experience each member is considered a student. As such, any information distributed through TheOptionClub should be considered with a critical mind and not relied upon as an authoritative source.
To unsubscribe from TheOptionClub, send an email to:
OptionClub-unsubscribe@yahoogroups.com
To unsubscribe from TheOptionClub, send an email to:
OptionClub-unsubscribe@yahoogroups.com
.
__,_._,___
No comments:
Post a Comment