Recent content by Kammo

Bernard Baruch is reported to have said that he made all his money by selling too soon.

I trade option spreads, so I trade large numbers of contracts. At RH I do not have to pay a per-contract fee, which at other firms comes to maybe 50 cents to 65 cents per contract. Not having to pay that fee can save me hundreds of dollars on any given spread.

Beware the per-contract fee on options trades at most brokers. 65 cents per contract on a 200 contract iron condor (50 contracts on each of four legs) comes to $130. There is a 5% cap at Fidelity, but at Robinhood there are no fees per contract. I believe that TradeZero America also has no fees...

Yes, Trader99, maybe many options traders will meet that $50,000 account requirement for free ZeroPro. Thanks for mentioning that real trading platform.

Thanks, trader99. It looks like there are monthly fees for some, though, with Tradezero America. This is from an 08/05/2019 review on Investopedia: "TradeZero has three software platforms available, plus a mobile app that any customer can use for free. Their top of the line downloadable...

Saving $4.95 on an options trade doesn't mean much for a lot of us if you're still paying $0.65 per contract. Robinhood does not charge a commission OR a per-contract fee on options trades. Does TradeZero charge per contract?

I often get fills comprising batches of little fills with Robinhood, but not with other brokers. I trade spreads.

Go to https://www.biggerpockets.com/forums?page=2 to hear from people who are down in the trenches on these and other real estate topics.

The problem that I had with E-Trade, and the reason why I left them, was that the numbers on their trading platform did not match the numbers on their confirmations. The confirmations were correct, but the numbers on the trading platform were off. There were small discrepancies which could be...

You're welcome! The E-Trader 1099-B was a little confusing at first, because on the first page "Totals Summary" the results of the transactions in GLD options are listed under "Regulated Futures Contracts," but down in the details they are listed under "Regulated Futures Contracts, Foreign...

I used four brokerages in 2018 and when going over their 1099-B's I noticed that E-Trade is the only one that treats options on GLD as 1256 contracts. Gains and losses on those options, if they are reported on an E-Trade 1099-B, are therefore treated for tax purposes as 40% short term and 60%...

But the question is not about in the money short options. It is about in the money long options, which give the holder the right but not the obligation to exercise. There are good reasons why the holder might not wish to exercise an in the money long option at any time prior to expiration, and...

Rolling won't necessarily or automatically protect you. It might even compound your losses. By the way, when I said that you're better off setting up tighter credit spreads farther out of the money and just setting up a lot of them to compensate for the lower premiums they earn, I should have...

Short&naked, it sounds like you're asking about trading vertical credit spreads with a lot of distance between your long and short options so that you get more premium for the short position and spend less on the long position than you would if the gap between the long and short positions were...