OptionsHouse

http://www.optionshouse.com 141 W. Jackson Blvd., Suite 500 Chicago IL 60604 Toll Free: 877-653-2500 Direct: 312-362-2510 customerservice@optionshouse.com Category: online discount brokerage

Slogan: Flat Fees. Sharp Tools.

General Description: OptionsHouse offers savvy stock and options traders a unique combination of professionally developed tools and a simple flat rate of $9.95 per option trade and $4.95 per stock trade, regardless of size. Developed with the institutional options market-making firm, PEAK6 Investments, LP, OptionsHouse offers access to idea generation and risk management tools developed with professional traders. The site was created using web technology to enhance usability and functionality. No more flipping from page to page to execute a trade.

Features: The web-based trading platform makes it easy to check market prices, create and analyze advanced options trades, and send orders using easy point-and-click interaction. At the same time, OptionsHouse offers a very simple and easy-to-understand commission schedule of $9.95 per option trade, with no hidden fees or per contract charges. The firm also offers flat rate $4.95 trades for stock.

Additional Services: OptionsHouse offers a number of unique and useful features for options trading.

• Easy order entry from every logical place on the site. You can enter your trades using context sensitive menus from the option chain, orders pane, portfolio pane and quote look-up, among others.


• The Order Ticket allows entry of every combination of stock and option order up to four legs.


• Covered Call Investigator provides potentially interesting covered call ideas from your watchlist, portfolio or the market at large.


• Call Spread and Put Spread Investigator scan the market for potentially interesting Call Spread and Put Spread ideas.


• The Risk Viewer allows you to manage the risk in your portfolio by monitoring P&L, Market Risk and the Greeks by company, underlying position, industry and expiration date.


• Hotlist tool which shows interesting activity in the options market.


• Orders are executed electronically using a professionally developed smart router to attempt to secure the best price in the market.


• Execution Report shows you with one click how your trade did relative to the NBBO at the time and how long it took.


• Request for Quote feature allows you to seek price or liquidity improvement directly from the professionals at PEAK6.

Options Price: $9.95 flat rate commission, unlimited contracts.

Equities: $4.95 commission, unlimited shares.

Account Minimum: $1,000 for a cash account; $2,000 for a margin account.

Quotes: Free fast stock quotes and options chains.

Miscellaneous: OptionsHouse is 100% web-based and requires a browser. However, broker-assisted trades are executed for no additional charge. Many of the representatives are themselves former professional traders.

Risk Disclosure: Options involve risk and are not suitable for all investors. In addition, electronic trading poses unique risk to investors. System response and access times may vary due to market conditions, system performance and other factors. OptionsHouse provides neither investment nor tax advice. Please read Characteristics and Risks of Standardized Options | Risk Statements and Disclosures, a copy of which can also be obtained by contacting our Customer Service Department at customerservice@optionshouse.com.