Jim,
You're correct. Our price on a "no questions asked" basis is $1.50.
Depending upon account size and trading volume you can ask for and may
get a lower commission rate.
Christopher Smith
TheOptionClub.
--- In OptionClub@yahoogro
>
> Just a few weeks ago, OptionClub only got $1.50/contract, when did we
all
> of a sudden get $1.25??
>
> And please don't be snide in your response, I've been reading the
posts here
> quite regularly and I never saw anything about $1.25, just $1.50. This
info
> would have saved me a fair amount of money.
>
>
>
>
>
> From: OptionClub@yahoogro
On
> Behalf Of Nick Horowitz
> Sent: Sunday, March 28, 2010 6:24 PM
> To: OptionClub@yahoogro
> Subject: RE: [TheOptionClub.
New
> Broker!
>
>
>
>
>
> Wes, TOS is not expensive. Stock trades are $5.00. And OptionClub
gets a
> special rate for Options of $1.25/contract no minimum.
>
>
>
> _____
>
> From: OptionClub@yahoogro
On
> Behalf Of Wes Kaufmann
> Sent: Saturday, March 27, 2010 4:43 PM
> To: OptionClub@yahoogro
> Subject: RE: [TheOptionClub.
New
> Broker!
>
>
>
> Oops, I take it back about Fidelity being expensive. TOS looks like
it is
> way more than most other platforms
>
> From: OptionClub@yahoogro
On
> Behalf Of trade4more
> Sent: Saturday, March 27, 2010 8:32 AM
> To: OptionClub@yahoogro
> Subject: Re: [TheOptionClub.
New
> Broker!
>
>
>
> I also have Fidelity but I do like them for a couple of things
including the
> usage of Wealth Lab Pro and the download of tax information into Turbo
Tax
> works well (although I didn't have any complex trades). However, I
agree
> that the option trading with Fidelity is expensive and the option
tools are
> bad. I'll probably keep an account with Fidelity just so I can have
the free
> use of Wealth Lab Pro and the large array of strategies that are free.
>
> I've had a very light look at the TOS desktop client I would like it
better
> if it had floating windows. It seems a little clunky but I do like
some of
> the tools available. Haven't look at IB yet but it sounds like it is
worth
> considering.
>
> If someone out there who has worked with both platforms for a while
has a
> list of pro'/cons of each I think that could help kick start my
evaluation
> process.
>
> --- In OptionClub@yahoogro
<mailto:OptionClub%
> Murthy N optionsmaya@ wrote:
> >
> > And so does TOS thru DDE - works great.
> >
> > Ross - Having said that, IB is technically superior and that's what
they
> > take pride in - technical execution. Also, their support is
excellent (I
> am
> > their customer since 2003). They reason they get bad press is
because they
> > don't do any hand holding - no trades related help. In a way, it is
good -
> > you have to know what you are doing.
> >
> > It is a personal choice, if you want an email reply back in 2
minutes to
> > impress your 9-year old (I am just kidding MikeC - please don't take
it
> > seriously), then IB may NOT be for you :-).
> >
> > For beginner options trading, TOS is probably more suitable,
especially if
> > you are not computer savvy and need to bounce some trade questions
to your
> > broker.
> >
> > Murthy
> >
> >
> >
> >
> > On Fri, Mar 26, 2010 at 7:43 AM, Bill S bdstrayer@ wrote:
> >
> > >
> > >
> > > Bob covered the points on IB perfectly and reflects my experiences
and
> > > feelings as well.
> > >
> > > I might also add that IB supports Excel and other tools as part of
their
> > > API capability. You may not have any interest in such things now,
but
> it's
> > > important to have choices later on down the trading road.
> > >
> > > Bill
> > >
> > > ------------
> > > *From:* Bob C bobc0923@
> > > *To:* OptionClub@yahoogro
<mailto:OptionClub%
> > > *Sent:* Fri, March 26, 2010 4:00:13 AM
> > > *Subject:* Re: [TheOptionClub.
Find A
> New
> > > Broker!
> > >
> > >
> > >
> > > Well, I would suggest checking out Interactive Brokers. You may
hear
> some
> > > people say their customer service is not that great but I have
been with
> > > them for about 1 year and each time I have needed help they have
been as
> > > good as anybody. I think the negative customer service comments
are from
> > > several years ago and not recently. But their commissions are
about the
> > > lowest you will find anywhere. Their trading platform can be
> overwhelming
> > > at first but you just have to take it a step at a time. Plus they
offer
> > > free monthly online classes to show how to use the platform and
lots of
> > > other things. If I can trade using IB then anyone can. With TOS
and IB
> as
> > > your broker and backup broker I can't imagine a better combo. -
Bob C.
> > >
> > > ------------
> > > *From:* leobusc leobusc@yahoo. com>
> > > *To:* OptionClub@yahoogro ups.com
> > >
> > > *Sent:* Thu, March 25, 2010 3:11:34 PM
> > > *Subject:* [TheOptionClub. com] I'm Firing Fidelity, Help Me Find
A New
> > > Broker!
> > >
> > >
> > >
> > > I absolutely love Think Or Swim. I just don't like having all of
my
> money
> > > with one broker.
> > >
> > > Fidelity is grueling for trade options. Their platform stinks,
> > > their commissions are too high but worst of all they making me
jump thru
> > > hoops to trade spreads.
> > >
> > > Last week their platform wouldn't let me roll a call from March to
April
> > > without paying two $9.00 commissions. The man at customer service
said
> "I
> > > can help you with that, but it is a complicated trade so it will
take a
> > > while".
> > >
> > > Rolling a call from March to April is a complicated trade????
> > >
> > > Think or Swim is the best broker, but who is number 2?
> > >
> > > I want low commissions, an easy to use trading platform, and some
> semblance
> > > of customer service.
> > >
> > >
> > >
> > >
> > >
> > >
> >
>
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