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Brokerage is killing me
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Bcorbett  (6 posts) wrote on 11/8/09 2:00 AM
Thanks, I've been looking into optionsxpress, looks good. Thanks again
melvin  (313 posts) wrote on 11/5/09 6:24 AM
Bcorbett,

You can also try Optionsxpress.

As an Optionetics student, you would pay $9.95 per side, flat (regardless of how many shares). That would be $19.90 for both sides of the trade.


Kind regards,

Melvin
wbpreston  (1646 posts) wrote on 11/4/09 6:36 PM
You need a new broker. Try IB or TOS.
Bcorbett  (6 posts) wrote on 11/4/09 4:08 PM
A bull call spread just expired in the money for me which originally cost me a debit of $1500.I should have received a $700 profit. Instead the brokerage charged to exercise the options cost me $670 due to the shares being worth $140,000 on each side!

Am i just better of trading credit spreads?


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