Which US options broker is the cheapest for 1000 contracts/day?

Discussion in 'Options' started by earth_imperator, Nov 1, 2022.

  1. Which US options broker currently is the cheapest when trading say on average 1000 Call and Put contracts per day? (no preference for some select tickers, rather trading among all of the listed "normal" tickers with options)
     
  2. TrAndy2022

    TrAndy2022

    There are commission free options brokers I heard (just google a bit). But here I would go with limit orders rather than market orders into the markets. Just made one search of course not complete, but could be a start: https://www.brokerage-review.com/online-brokers/lowest-options-fees-brokerage.aspx
     
    earth_imperator likes this.
  3. Robert Morse

    Robert Morse Sponsor

    Our rate for 20,000 option contracts per month is $0.35/Option. On some of our platforms you can also choose between our smart route to avoid option exchange fees or direct orders to an option exchange and be subject to their maker/taker schedule. In effect, having the opportunity to get credits for adding liquidly to reduce your cost on single leg orders.
     
    earth_imperator likes this.
  4. Hmm. sounds good, thx, am going to research...
     
  5. ETJ

    ETJ

    Dependent on monopoly/non-monopoly product and account total assets. There is also currently an ORF holiday some venues.
     
  6. Thx, can you pls clarify: is this $0.35 per contract?
     
  7. earth_imperator likes this.
  8. Robert Morse

    Robert Morse Sponsor

    $0.35/option, plus regulatory fees and option exchange fees when they apply.

     
  9. GotherL

    GotherL

    Robinhood is free though I wouldn't recommend if your a daytrader.
     
    #10     Nov 2, 2022