Best Broker for ES options?

dcwriter2 · Feb 4, 2022

Trading 5 or 10 lots a trade, 10 - 50 trades a month, letting 90 percent expire, rarely spreading, 500k account. IB?

rb7 · Feb 4, 2022

Which one are you using today, and why do you want to change?

ZBZB · Feb 4, 2022

IB have high margin requirements for ES options but this may be a good thing.

mervyn · Feb 4, 2022

up vote for ib because i trade futures options there. it is easy if you are just letting it expired rather than day trade.

dcwriter2 · Feb 5, 2022

ZBZB said:
IB have high margin requirements for ES options but this may be a good thing.

Like how high?

dcwriter2 · Feb 5, 2022

rb7 said:
Which one are you using today, and why do you want to change?

Schwab. The margin rates are high as are the commissions. I believe.

DevBru · Feb 5, 2022

dcwriter2 said:
Like how high?

Like Google can answer that high.

ZBZB · Feb 5, 2022

dcwriter2 said:
Like how high?

$16,000 Spx is twice that as the contract size is double. Spx may have lower commissions though as it is a security option though I have not been able to confirm this.

dcwriter2 · Feb 5, 2022

I forget the reasons, but I'm doing ES over SPX. Have thought about full SP futures options, which I believe are only floor traded, but the size might bring down commission costs.

Overnight · Feb 5, 2022

dcwriter2 said:
...Have thought about full SP futures options, which I believe are only floor traded, but the size might bring down commission costs.

Full SP futures/options went away last year.

https://www.cmegroup.com/education/...ndard-sp-500-futures-and-options-trading.html