Can you recommend a decent (low cost) broker for equity options? I have a daytrading account set-up but I'm not sure what they offer for options. Is there a software platform you need to run for execution? Is there a monthly cost? I haven't traded an option in over 10 years so go easy on me, lol... -Guru
ThinkorSwim. Period. Great platform, great execution, great customer service, etc. I started at OptionsXpress but their web interface was kind of clunky and the streaming quotes they use were totally useless for daytrading anything. They're a good company, though - good customer service and good product offerings, and great educational stuff.
Taking a closer look at margin requirements....20K in your account for a naked put and 100K requirement to trade naked calls...so if you don't have a large enough account you can't leg into spreads. TOS may be more in commission but over-all still the best out there.