Commision rates for stocks/options

D

Darshan

I have a retail account at TDAmeritrade. I've kind of been sleeping on it lately and didn't even know what I was paying in commision.

I spoke to the representative and he told me I'm paying $7/sotck transaction and $7/option transaction +.75 per contract.

This seems pretty steep. Especially the .75 per contract on the options.

I've been actively trading options.

What should I be shooting for? What are competitve rates?

Thanks,
John
 
Quote from Darshan:

I have a retail account at TDAmeritrade. I've kind of been sleeping on it lately and didn't even know what I was paying in commision.

I spoke to the representative and he told me I'm paying $7/sotck transaction and $7/option transaction +.75 per contract.

This seems pretty steep. Especially the .75 per contract on the options.

I've been actively trading options.

What should I be shooting for? What are competitve rates?

Thanks,
John
More...
it matters how many trades you make a quarter or month. If you make a lot of trades the commissions going to be really low and if you dont it will be high.
 
I had2 IRA accounts with TD. I transfered one out and the second will soon follow. Optionshouse does not charge per contract fees.
 
Quote from optimist5:

I had2 IRA accounts with TD. I transfered one out and the second will soon follow. Optionshouse does not charge per contract fees.
More...

That recently changed. something like $9 + 0.15/option

I use OH now for options rather than TD. Though I like TD's option level 2 quotes better than OH's.
 
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