What is soo good about TOS? I don't see anything wrong with OX so far. I don't know but I never had to call them very often but when I need I always got customer support. I term of getting filled, I never complain when I don't get filled because most of the times, it's for a good reason. I am not in a hurry of being filled. If it' not today, it will be another time or I will be in cash. So tell me what is the problem with TOS. I may want to open an account with them
Anyone trying to put on put spreads...volume in the 1245/1255 but 1255 to short for my comfort level. piccon there is nothing wrong with TOS! THATS what's so good abt them
Pi: Open an account and you'll see why it's so much better. I don't even really use the tools, but Ryan and others have been raving about the analysis possibilities. ToS has a new "play money" area where you can put on simulated real trades but you're doing it with "play" money. So if you open an account, I think you should be able to start using it as though you had really funded it, but you need to double check with them that this is the case. Again, I mentioned the caveat: if you can't download the desktop platform and have to use web-based trading, OX, IMHO, is superior.
I bit...she of little patience STO 50 1250 puts @ 2.5 giving me a credit of 1.0 on a 1225/1250 spread...25 pts a little wide but I still have those stupid 25 1215's single legs so if we continue down strongly I can use them to hedge.
There isn't anything wrong with OX. Their web based platform is much better than TOS. The huge difference is in the TOS trading platform you can download. You get live price updates (no refreshing and waiting, it changes automatically right on the screen as you watch it), it is much easier and faster to construct a potential trade and view a risk graph, it is quicker and easier to make a trade and the customer service is WAY better than OX. If you aren't able to download and use the software (i.e. at work or you travel alot) then OX would be the way I would go. If you are able to download software where you are trading from then TOS is the best IMHO. ryan
I do not see why any broker would not allow you to have t-bills as collateral for credit spreads or short options. T-bills are marginable up to 95% on average (i.e. $100,000 in t-bills would allow for $95,000 in credit spreads). Check with the margin department for the best info as opposed to the broker.
Found some news item that is affecting the market... "Some of today's hottest celebs have found immeasurable success by way of movies, music and TV. But what separates famous faces like JESSICA ALBA ... from the rest of the pack is that they have accomplished so much in so little time. After all, they've only been on this planet of ours for less than three decades!" ... ok not affecting the market per se, but sure is making me happy lol..... also were some ES shorts
I say nothing wrong with OX either, but if you get yourself familiarized with the TOS paltform, you'll know why most here are switching to TOS.