Feedback on Optionshouse

Quote from One:

Sb,

I agree that in most cases smart routing is a good option. There are some others, where I would want to direct: to BOX for price improvement or to CBOE after an indication of the market for a larger size transaction. Also, I have not routed to AMEX or PHLX for years even when they had the NBBO - black holes where orders would sit neither executed or easily cancelled...things may have since improved on those exchanges in the past few years though.
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Be careful Mister, youre toeing the line of spamming here. I won't sound the alarm just yet, 190 posts is pretty low. It would help if you raised your post total by opining on everything, and also posting useless nonsense as much as possible. Once you get the total over 500 posts it's easier to peddle your wares here on ET.

Rennick:D
 
Quote from cszulc:

OptionsHouse has been pretty great to me. I opened an account and had it opened with funds within 3 weeks.

The software is pretty good, although missing some features (such as Level II quotes, even though some say options traders don't need them) and maybe a software platform, although the web-based is extremely easy to use.

Most of my orders were executed on ISE, using the Smart Routing that they use. When you do an exchange lookup on the option, they'll show you the NBBO and generally route your order to the best exchange as shown. I am pretty sure if you need to route it to a specific exchange you can call your broker there and do so (no additional charge for broker-assisted trades).
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SPAM ALERT....now comes his 1 post alias saying amen to that brother!!!LOL
 
Quote from William Rennick:

Be careful Mister, youre toeing the line of spamming here. I won't sound the alarm just yet, 190 posts is pretty low. It would help if you raised your post total by opining on everything, and also posting useless nonsense as much as possible. Once you get the total over 500 posts it's easier to peddle your wares here on ET.

Rennick:D
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What on earth are you talking about? Which part of my post even remotely sounded like a recommendation for a service of any kind?

If anything my post suggests a reason that the service I asked about may not be useful for my trading.
 
Quote from One:

What on earth are you talking about? Which part of my post even remotely sounded like a recommendation for a service of any kind?

If anything my post suggests a reason that the service I asked about may not be useful for my trading.
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That's the oldest spam trick in the book mister. Be self doubtful to build credibility, now why the hell didnt I ever think of that? Your good,,, man are you good.

Magna Rennick out:cool:

ps.I'm keeping a close eye on you buster.
 
I've used OptionsHouse for 4 months and here are my comments.

1. Their tools are practically useless, but what do you expect for rock bottom commisions.

2. Streaming chain refreshes about every 5-10 seconds and it has inaccurate quotes on occassion (ex. 1.80/1.75 when it is 1.75/1.80).

3. OH does not have OTA, OCA, GTC type orders.

4. No problems with execution, usually get decent fills

5. Interface has occasional "server connection time-outs," but has about > 98% uptime. As a side note, there was an issue a couple months ago when their system was down for more than half the day. I've experienced this with TDAmeritrade about 2x a year.

6. "Daily change" calculation is flawed. If you close a position for a credit, it shows your "daily change" has increased by that amount, which is not true because your account value did not change (you just closed the position for cash). Too bad the "Account change" is not flawed that way.

7. Portfolio Margining is available only for accounts > $250k. TOS makes it available for $100k.

8. For me, their $9.99 commisions outweigh all the downsides of the platform because I use TDAmeritrade for their research, streamer, and real-time charts. I also have TOS for their WBT platform. My average trade is 50 contracts one way, so OH saves me huge when it's all added up.

9. Overall, I recommend them if your average trade is > 10 contracts and have another broker for research, analytics, charting, etc.
 
Is this per leg rate?
Ben

Quote from QHTCapital:

8. For me, their $9.99 commisions outweigh all the downsides of the platform because I use TDAmeritrade for their research, streamer, and real-time charts. I also have TOS for their WBT platform. My average trade is 50 contracts one way, so OH saves me huge when it's all added up.

9. Overall, I recommend them if your average trade is > 10 contracts and have another broker for research, analytics, charting, etc.
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