I could have sworn I was paying $1.24 for SPX options but I checked my statement and all of the trades were $1.30.
Today, I had 25 orders with 35 fills and a total of 238 contracts traded which was $309.40 of commissions. (I grossed +$3,018.00 and netted +$2615.78 after commissions) using $22,160 of Reg-T margin or +11.80% on margin.
I thought it was a good day to ask for some help with the commissions. The rep looked at my account and said the broker fee was $0.65 but he would lower it to $0.50. I still have to pay the other fees of course, but that takes the all in rate from $1.30 to $1.15. Trading a vertical uses four contracts to open and close it. 4x$1.15 = $4.60 so you only need a nickle of price improvement and you won't lose on the trade.
If I trade 238 contracts the same way tomorrow, the commissions will be $273.70, or $35.70 less and more for me to keep.
It's worth asking if you can get a reduction in the broker rate.
I also asked if someone could contact me about an Aeromir Group Rate at thinkorswim. I had one a long time ago and I'm going to try to get a new one setup. They will contact me tomorrow.
Today, I had 25 orders with 35 fills and a total of 238 contracts traded which was $309.40 of commissions. (I grossed +$3,018.00 and netted +$2615.78 after commissions) using $22,160 of Reg-T margin or +11.80% on margin.
I thought it was a good day to ask for some help with the commissions. The rep looked at my account and said the broker fee was $0.65 but he would lower it to $0.50. I still have to pay the other fees of course, but that takes the all in rate from $1.30 to $1.15. Trading a vertical uses four contracts to open and close it. 4x$1.15 = $4.60 so you only need a nickle of price improvement and you won't lose on the trade.
If I trade 238 contracts the same way tomorrow, the commissions will be $273.70, or $35.70 less and more for me to keep.
It's worth asking if you can get a reduction in the broker rate.
I also asked if someone could contact me about an Aeromir Group Rate at thinkorswim. I had one a long time ago and I'm going to try to get a new one setup. They will contact me tomorrow.