One humble suggestion: Find a brokerage with lower commissions. e-trades and even Schwab have lower commission rates. Otherwise, with your OTM trades, commissions can be a high % of your costs.Yes that is correct.
- Buy to open two (2) 215 calls at $2.49
- $498 + $12.45 commission = $510.45
- Sell to close (2) 215 calls at $4.80
- $960 - $12.45 commission = $947.55
- P/L $947.55 - 510.45 = + $437.10 (+85%)
AAPL earnings - I bought two 215 weekly calls at $2.49
- Thread starter OptionsOptionsOptions
- Start date
CheckedI have two Canadian trading accounts.
- BMO Investorline - $9.95 (USD) plus $1.25 (USD) per contract.
- TD Direct Investing - $9.99 (USD) plus $1.25 (USD) per contract.
eTrade: $6.95 + $.65; Schwab: $4.95 + $0.65
I am a frequent trader on Schwab and paid < quote.