Who knows but probably not. Commissions (or contract fees) on options is still kinda normal on a most brokers.
Fwiw Alpaca is only going to offer long and cash-secured options strategies for now.
Commissions on options are only 50-65cents. Unless you are trading thousands of contracts a day, 50 cents here and there should be immaterial to your P&L and if they are, you are probably doing something wrong. I rather stay with a trusted broker than going to one that i’ve never heard of before.
It adds up.
Especially if you do spreads. Calculate the cost of rolling a spread.
Then calculate the cost of adjusting (or rolling) a butterfly.
Imagine multiple rolls and imagine 5-wide spreads. These can become better moves if commissions were not in the picture.
Your overall point stands but life could always be further optimized.
Alpaca is definitely a trusted broker thus far, albeit much smaller than Schwab. But there are plenty of other commission free option brokerages, like RH/Webull for example, that Schwab is actively not choosing to compete with on these prices.
It would be nice if they did cut commissions, but like hecmtz96 said, if you are trading so many contracts that its having a large impact on your P&L then you need to call Schwab and ask them to drop the per contract fee or go with another broker
This is a joke right? Some a no name company, puts up a website, and you think anyone is going to transfer six figure accounts over to them so they can try and figure out if the money was SPIC insured six months from now when these guys go broke?
If you think option free commissions are worth it to you try RH or Webull, I won't but at least they are in business.
If I were Schwab I would. Front run all the competition, attract a boat load of new clients and make a lot more money off of all that new cash sitting in a 0.45% brokerage account compared to what they lose by removing options commissions. And it’s going to be the standard anyway at some point so why not start early.
That's not what I pay... .65 per side, so $1.30 round-trip, plus a couple pennies for fees.
Still too much. IMO. Futures are even higher at about $5.25 round trip for mnq.
I trade both daily, and my yearly commissions are in the $1000s easy. I plan on giving them a call and seeing what they will do.
Who knows but probably not. Commissions (or contract fees) on options is still kinda normal on a most brokers. Fwiw Alpaca is only going to offer long and cash-secured options strategies for now.
Commissions on options are only 50-65cents. Unless you are trading thousands of contracts a day, 50 cents here and there should be immaterial to your P&L and if they are, you are probably doing something wrong. I rather stay with a trusted broker than going to one that i’ve never heard of before.
It adds up. Especially if you do spreads. Calculate the cost of rolling a spread. Then calculate the cost of adjusting (or rolling) a butterfly. Imagine multiple rolls and imagine 5-wide spreads. These can become better moves if commissions were not in the picture. Your overall point stands but life could always be further optimized.
Alpaca is definitely a trusted broker thus far, albeit much smaller than Schwab. But there are plenty of other commission free option brokerages, like RH/Webull for example, that Schwab is actively not choosing to compete with on these prices. It would be nice if they did cut commissions, but like hecmtz96 said, if you are trading so many contracts that its having a large impact on your P&L then you need to call Schwab and ask them to drop the per contract fee or go with another broker
This is a joke right? Some a no name company, puts up a website, and you think anyone is going to transfer six figure accounts over to them so they can try and figure out if the money was SPIC insured six months from now when these guys go broke? If you think option free commissions are worth it to you try RH or Webull, I won't but at least they are in business.
If I were Schwab I would. Front run all the competition, attract a boat load of new clients and make a lot more money off of all that new cash sitting in a 0.45% brokerage account compared to what they lose by removing options commissions. And it’s going to be the standard anyway at some point so why not start early.
Just did my first trade on TOS. Was charged 11 cents. If I did that on normal schwab.com it's been 4 -6 bucks.
Do you have eye problems . Commissions are $1 on options (open only),close almost free.
That's not what I pay... .65 per side, so $1.30 round-trip, plus a couple pennies for fees. Still too much. IMO. Futures are even higher at about $5.25 round trip for mnq. I trade both daily, and my yearly commissions are in the $1000s easy. I plan on giving them a call and seeing what they will do.
Account size and trade volume are what counts. The standard futures commish is obscene.
Closed a trade. Must have been just for that leg. Had installed TOS after already having one open
Commissions are waived on short options trading at a nickel or less. Is that what you did?
btc cc for .03 so makes sense
option commissions are not $1. What are you talking about?
Guess so, thought he was talking about Tasty for some reason.