IB - family and friends, will have to check out that concept. i
use Fidelity. they have 'special' deals (either free trades or
Frequent flyer miles or cash), but you have to check with them
annually through the active trader desk. you can have ~100 (or more
depending on the money you deposit there each time - have to leave
it with them for 1 yr) of free trades (you have to 'negotiate' for
the period of time - i have 1 year) currently free trading works
for up to 20 option contracts per execution (used to be ~ 27,
so i will have to negotiate that next year). depending on who you
'work with' that can be for one account or one user (across several
accounts). they wouldn't give me a deal for a 3rd year running, so
i put my wife on the phone and they gave her the deal. (same
account go figure). still saving 7.95 base plus .75 per contract.
we saved over $2k last year in commissions. good trading. Haz
Thanks, Haz - if you're trading fewer than 10 contracts at a
time, going through dough.com to set up a TOS account gets you
1.5/contract total - lower than Fidelity at <10 with no
negotiation needed and a far better trading platform.
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2015 GDXJ Model Portfolio - SOLD NAKED 2 DAY 40 GDX 19.5 PUTS 22C AT 19.83
Posted by hazbin1 on 7th of Jan 2015 at 12:17 pm
IB - family and friends, will have to check out that concept. i use Fidelity. they have 'special' deals (either free trades or Frequent flyer miles or cash), but you have to check with them annually through the active trader desk. you can have ~100 (or more depending on the money you deposit there each time - have to leave it with them for 1 yr) of free trades (you have to 'negotiate' for the period of time - i have 1 year) currently free trading works for up to 20 option contracts per execution (used to be ~ 27, so i will have to negotiate that next year). depending on who you 'work with' that can be for one account or one user (across several accounts). they wouldn't give me a deal for a 3rd year running, so i put my wife on the phone and they gave her the deal. (same account go figure). still saving 7.95 base plus .75 per contract. we saved over $2k last year in commissions. good trading. Haz
Thanks, Haz - if you're
Posted by a_l_ on 7th of Jan 2015 at 12:59 pm
Thanks, Haz - if you're trading fewer than 10 contracts at a time, going through dough.com to set up a TOS account gets you 1.5/contract total - lower than Fidelity at <10 with no negotiation needed and a far better trading platform.