A little advice needed please :)

[optionable]

Hi,

I am primarily an index options day trader. Mainly trading the QQQQ options.

I feel my commissions might be less than optimal, can you guys please let me know if they are?

Currently, my profit:commission ratio is about 1:1. So (on a monthly basis), if I make a profit of $100 then my commissions for the month is about $100. Is this usually what options day traders can expect?

Also, I currently pay 6.99 + 0.75/contract.

So, does my strategy not get high enough profit per trade or can I get some help by changing my broker for lower commissions?

Thank you!

 

[l2tradr]

IB charges 70 cents per contract flat. Check them out.

 

[SForce]

If you're trading large volume then go to Options House. $9.95 flat, no per contract. If you're only doing a couple contracts per order then nevermind. I'm sure you can do the math to figure it out.