Last year I spent over $15k in commissions at $.65 per contract
Just curious how much was your gain last year including commissions ?
Last year I spent over $15k in commissions at $.65 per contract
Just curious how much was your gain last year including commissions ?
So we are no the same boat. For what I heard SPY has super execution and super liquidity. You miss .5c flexibility though, but I don't think it is very important. I did not trade SPY for a long time due to comm. nor did look at Vol Skew. Hope it is pretty similar to SPX because I have data for SPX already nicely organized.
I don't want to do any hasted moves though.
Can you list brokers who have cap on option commissions? The only one I know is ChoiceTrade - $50, before that $.40/contract.
I watched presentation of TastyTrade' platform. I really like some elements of it.
I hitted CT with a wish list for their Elite (because I like their comms). I talked to them before and they asked for it. We'll see what will happen.
Some interesting facts I found out recently about SPY that maybe others already knew it may be just new to me
1 On TOS on the trade tab where you see some of the expiration have weeklies next to them while other do not It doesn't mean anything because they are all pm settled
2 You can get assigned up to 5:30 pm on expiration day on SPY I am not sure if it's the same for all equities You would think that after the market close you cannot be assigned but it seems that is not the case at least not for SPY
$97k less commissions.
The thing about limited commissions is why would you ever let it an ITM option go to expiration if you can close it for free.
That's a decent gain
So that's about 15% in commissions and I guess about 30% with the index fees
I don't have free commissions I just tried a few trades on TOS
but they don't have any limit on commissions
Right I don't either as of now. Did you do some SPY trades?
Schwab and Fidelity platforms are about the same
Yes I just started with the new year more like an experiment to see how the commissions are and if it's profitable enough to play with it until SPX volatility comes back
Just doing 1 lots very short term IC
They do have a $10 limit on options per leg so if you trade 100 contracts per leg that's good If you only do 10 or less that's not so good
That was a reply to your post earlier about TastyworksWho is they?
Let me know how your trade does.
It's better than expected I did about 6 trades in the first 2 and a half weeks and I was up 50% on my margin except on this last day that ended on Friday I gave back a little on the call side as usual but still up 43%
Of course I have not been challenged too much yet but I will keep experimenting with it and tweaking it
At least it will keep me occupied while I am waiting for a better entry time in SPX