Earnings & Events-Related Option Plays

Discussion in 'Options' started by arizonadreamer, Oct 24, 2007.

  1. Sold @ $0.60
     
    #81     Nov 9, 2007
  2. You made $15.00 but probably spent $30 on commissions... not worth it.
     
    #82     Nov 9, 2007
  3. This was my first trade with IB, profit was $12.00 after commissions.

    I'm looking into how they came up with $3.00 for commissions. I thought it was $2.00 per contract for Canadian accounts, but yip1997 pointed out that it's $0.75 per contract for US options.
     
    #83     Nov 9, 2007
  4. Good, glad to see you taking advantage of cheaper commish. When in doubt call IB.
     
    #84     Nov 9, 2007
  5. Yes..with BMO Investorline you have to trade in 20+ contracts to bring the commission down per contract. I never would have trade 1 $0.46 option contract with BMO.

    My mistake.... commission was only $2.00 ($1.00 x 2), my open price was $0.46 - not $0.45 - hence the lost $1.00.
     
    #85     Nov 9, 2007
  6. The minimum commission for each trade is $1.00. If you trade only 1 contract, they will charge you $1 for each trade.

    BTW, if you open a US account, the commission charge for each contract is 0.70 with the minium charge of $1.00.

    [edit] there is a min monthly charge of $10 if the total commission is less than that amount.
     
    #86     Nov 9, 2007
  7. Did you order the large pizza?

    BTW, I let my CSCO position ride through the EA.
     
    #87     Nov 9, 2007
  8. Not for the faint of heart, but LDK is scheduled to report after the close.

    I believe IV is over 200.

    Good luck.

    AZD
     
    #88     Dec 19, 2007