I follow Karen the Supertrader's strategy. This is contradictory to a lot of the content on Tastytrade. I don't see why they don't actually follow her advice.
It depends on the underlying and exchange. I've specified BATS or PSE because I know they're cheaper.
Equities are around $0.75 to $1/contract on most exchanges but as low as $0.30.
Indices traded on CBOE are the highest at about $1.25/contact.
I mainly trade RUT which is $0.34/contract.
I put on a small $0.25 short put credit spread, $0.50 wide at the money and I'm regretting not having much upside.
Would also buying a nickel call here make any sense over the long run? :cool: