Does The Number Of Contracts Effect Filling?

Quote from Eliot Hosewater:

A bit off-topic, but what are your commissions at TOS? They are very expensive except in the case of small volume combined with no ticket charge pricing. I was playing around with their paperMoney selling IWM strangles in 20-50 lots. Over the course of a few months I was up about $5K in profit, but the commissions almost completely wiped that out. And that is at $1.50 per contract with no ticket charge.
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I am currently at $1.50 with no ticket charge. I will be making a request for $1.25 shortly as others have told me it is possible with my volume. We'll see.

My recollection is that in paper money, the commission rates are higher.
 
Quote from HowardCohodas:

I am currently at $1.50 with no ticket charge. I will be making a request for $1.25 shortly as others have told me it is possible with my volume. We'll see.
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Would you like to PM me your volume? If you have the assets for a customer portfolio margin account, I can do much better.
 
IB charges .70 per option contract, .005 per share of stock, and no ticket charges, but you need at least $10k to open an account. Having said that, commissions should never be the focus, the quality of the fill is the most important part of any trade.
 
Quote from HowardCohodas:

I am currently at $1.50 with no ticket charge. I will be making a request for $1.25 shortly as others have told me it is possible with my volume. We'll see.

My recollection is that in paper money, the commission rates are higher.
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You can ask them to use the same fee schedule for paper money as your real trading account.

Even 1.25 is high. Breakeven with Schwab (8.95+.75/contract IIRC) would be 12 contracts at 1.50 and 18 for 1.25 for singles. Plus I think they only charge the ticket fee per order so a vertical spread would only be charged once to open and once to close. Not pushing Schwab, but pretty much every other broker is much cheaper. Some of them have comparison charts to get you to sign up with them.
 
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