Broker for Options

L

listedguru

Can you recommend a decent (low cost) broker for equity options? I have a daytrading account set-up but I'm not sure what they offer for options.

Is there a software platform you need to run for execution? Is there a monthly cost? I haven't traded an option in over 10 years so go easy on me, lol...

-Guru
 
ThinkorSwim. Period. Great platform, great execution, great customer service, etc. :)

I started at OptionsXpress but their web interface was kind of clunky and the streaming quotes they use were totally useless for daytrading anything.
They're a good company, though - good customer service and good product offerings, and great educational stuff.
 
Quote from E R:

I use eoption. They seem to have the best commissions around.

E
More...

Taking a closer look at margin requirements....20K in your account for a naked put and 100K requirement to trade naked calls...so if you don't have a large enough account you can't leg into spreads.

TOS may be more in commission but over-all still the best out there.
 
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