Any credit spread traders out there that use Optionshouse?

bthale · Jun 15, 2014

Hi,
I would like to correspond with any credit spread traders who have accounts with Optionshouse. I would like to hear of your experiences, good or bad.

I have been trading with them for about 3 weeks, and I'm confused by some things they have done.

Thanks

FXforex · Jun 15, 2014

From Optionshouse's Risk Statements & Disclosures page.

OptionsHouse May Buy or Sell in Your Account to Manage Expiration Risk

You should review your positions prior to expiration to determine whether you have adequate equity in your account prior to exercising options. You should also determine whether you have adequate equity in the account if a short options position is assigned to your account. It may make sense to close positions in expiring options prior to the market close to avoid the risks if you do not have adequate capital in your account, or if you do not want to bear the risks associated with a long or short stock position. Also, you should consider the possibility that you may be assigned on a short option position even if the option is out-of-the-money.

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Any credit spread traders out there that use Optionshouse?

bthale

FXforex