Options Commissions

Discussion in 'Options' started by Dan Koren, Jun 6, 2021.

  1. Which brokers offer the lowest commissions for trading options without charging ticket fees? Or a single ticket fee without charging commissions?
     
  2. Robert Morse

    Robert Morse Sponsor

    Is there a large amount of volume with this request?
     
    alvawimberly likes this.
  3. The number of contracts depends on the price of the options being traded.
    We trade options intra-day, and we calculate position sizes based on capital
    and margin. For AMZN call contracts priced around $30 we trade 10x fewer
    contracts than for SPY call contracts priced around $2-$3. For the former
    can afford to pay $1.30 per roundtrip per contract, while for the latter we
    cannot. I hope this answers your question.
     
  4. Robert Morse

    Robert Morse Sponsor

    I'm happy to speak directly. Our commissions start at $0.60/Option and with high volume drop to $0.20/Options. https://www.lightspeed.com/pricing/commission/. We do not provide lower rates without an expectation of higher volume or hitting those tiers in any calendar month.

     
  5. tonyf

    tonyf

    How are your margin rates compared to IBKR and do you pass through rebates when providing liquidity?
     
  6. Robert Morse

    Robert Morse Sponsor

    Our retail debit rates are on our website. Institutional client's rates are negotiated based on Fed funds. On Sterling Trader Pro, Realtick and Silexx, we offer both an option SMART route and the ability to direct your options orders to the different option exchanges. The SMART route avoids most option exchange fees, and the directed orders are subject to the debits/credit the exchange charge on single leg orders. We always pass through the CBOE charges on cash settled symbols.

     
  7. tonyf

    tonyf

    How much does an individual trader need to have to count as institutional?
     
    salenanolen likes this.
  8. Robert Morse

    Robert Morse Sponsor

    I can't discuss "deals" not on our website in a public forum. I'm, happy to talk on the phone with anyone and discuss their needs and what we can do for them.

     
    salenanolen likes this.
  9. tonyf

    tonyf

    oK, can you beat IB's pricing structure across the board to start with at least?
     
  10. emulimu

    emulimu