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optionsgeek

Registered: Apr 2007
Posts: 15

07-30-12 03:41 PM

Curious about the quoted pricing for spread trades at OH. Their website says "$12.50 + 0.15/contract". If I trade 20 x iron condor (4 legged spread), would that count as 20 contracts or 80? What would my true all in cost be, including all the little extras such as exchange fees that are passed along? Figured I'd ask here since if I get a screwy answer it's more likely to be called out. Thanks.

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nazzdack

Registered: Jul 2004
Posts: 8414

07-30-12 04:36 PM

Quote from optionsgeek:
----OH....
----screwy answer....
----call out.

1-877-652-2500

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optionsgeek

Registered: Apr 2007
Posts: 15

07-30-12 05:09 PM

Quote from nazzdack:

1-877-652-2500

Yes, I suppose I could call OH and possibly even get the right answer. However I was hoping to get some feedback from actual users. For instance: how likely am I to get price improvement, will I get quick execution, etc. The pricing seems cheap compared to what I've paid elsewhere. However if I pay up by a penny or two that can pretty quickly negate any price advantage. Has anyone here actually used OH for spreads? How does the total experience compare?

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FCXoptions

Registered: Jul 2012
Posts: 414

07-30-12 05:14 PM

I like them. You will pay $12.50 and then .15 for every contract in the spread. Hope that clarifies. So 80 contracts will be under $25 one way still lol so pretty good deal.

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FCXoptions

Registered: Jul 2012
Posts: 414

07-30-12 05:16 PM

I used to do 100 contract orders regularly with them trying to get in on small price moves. As long as I could sell for .01 higher than I paid I could turn a profit despite the commisions. So that was definitely nice.

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