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Right, but not all brokers offer everything the exchange offers. When weekly’s were newer not all brokers offered them. A good example of this is TOS does not offer weekly options on ES.

Agreed, I misspoke regarding who is charging the fees. Point being is that one reason TOS charges higher commissions is because they don’t pass those fees on to the customer.

It’s a new year and I am finally getting around to addressing the amount of money walking out the door via commissions (Should have done this a long time ago!). I primarily trade option spreads and am extremely happy with TOS, aside from their commissions. I am currently paying $9.95 a...

Anyone else extremely annoyed that it takes the CBOE the majority of the trading session to post AM settlement values. I want whoever was on vacation the past 2 weeks at the CBOE to make their vacation permanent. I swear the values were out within 2-2.5 hours of the opening bell. It blows...

Every day this week on my way home from work there have been 4 city workers directing traffic at a single intersection that already has a light! Agreed on needing a fiscal conservative in office … to bad it will never happen when we need it most

I am trying to get a better understanding on the priority of option orders (both pit and electronic). I mainly trade vertical spreads and when I trade SPX (pit traded) I routinely have to cancel a limit order that is at the natural and resubmit it because the guy in the pit isn’t looking at...

I looked through your previous post but could find what I needed. Do you know what type of capital and volume do they require? Thanks

Do you mentor...

No future options at Optionshouse

Thanks for the heads up guys. I don’t think the SPX SET will be an issue much longer for the weekly's at least since they are changing to a Friday PM settlement. But the issue would still remain for DJX and NDX, from the sounds of it though there isn’t much you can do in the hedging arena...

Not to detract from the original question but I feel like I am missing something here with future options. Keep in mind I am a future options newbie (I “understand” options in general as I trade them). Option commissions on equities are generally under $1 but future options are around $3...

Thanks for the suggestion. I will check them out.

rmiller3 Who did you end up going with, do they allow spreads orders, and if you dont mind what do you pay in comissions? I am with TOS and looking to get better rates.

What has been your experience hedging SPX options using ES? Say you have a Bear Call spread of 1200/1225 and the SPX is at 1198 with expiration (1) tomorrow morning at the SET and (2) tomorrow afternoon at closing. Depending on how you wanted to hedge, would you determine the correlation...

Anyone have any insight as to the range of gaps when options stop trading a day and a half before the SET like this week for the weekly SPX?

Sorry, I should have been specific about that.

SPX is switching from Friday AM SET to Friday PM settlement. https://www.cboe.org/publish/RegCir/RG10-112.pdf

Does anyone know the state tax implications of 1256 contracts in Tennessee? I know there is a 6% tax on dividends and interest but I have not been able to find anything specifically related to 1256 contracts.

falconview, For future reference I wanted to clear up the option series issue you had. Weeklys start on the Thursday before the expiration week. TOS lists them as 'Weeklys' except when it is the 3rd week of the month, the monthly expiration, or quarterly expiration. If you take a look at...

I kept getting an error when I tried to pull up the Market Overview/Update page. Its working now.