A little advice needed please :)

Discussion in 'Retail Brokers' started by optionable, Jun 19, 2009.

  1. optionable

    optionable Guest


    I am primarily an index options day trader. Mainly trading the QQQQ options.

    I feel my commissions might be less than optimal, can you guys please let me know if they are?

    Currently, my profit:commission ratio is about 1:1. So (on a monthly basis), if I make a profit of $100 then my commissions for the month is about $100. Is this usually what options day traders can expect?

    Also, I currently pay 6.99 + 0.75/contract.

    So, does my strategy not get high enough profit per trade or can I get some help by changing my broker for lower commissions?

    Thank you!
  2. l2tradr


    IB charges 70 cents per contract flat. Check them out.
  3. SForce


    If you're trading large volume then go to Options House. $9.95 flat, no per contract. If you're only doing a couple contracts per order then nevermind. I'm sure you can do the math to figure it out.