Hello ET!
I am looking for a broker that will allow me to trade a wide range of options on futures with a decent/customizable platform.
What I currently use:
ThinkorSwim: I really like this platform and TDAmeritrade a ton, but it does have two major drawbacks.
1. TDAmeritrade has a really poor selection of trade-able options on futures contracts (11 total I think), many in markets I do not wish to trade options in.
2. In these 11 markets there are often only a 3 maybe 4 contract expiration's in which I can trade options. I like to trade options sometimes as far as a year out.
What I am looking for (Ideally):
1. As many futures on options contracts as possible.
2. Something close to ToS if possible. Probability of touch + probability ITM are really handy figures I'd like to be able to add to my chains. I know I can figure these out from the Delta, but ToS automatically figures the premium cost into its calculations; doing that by hand for each strike is time consuming.
2. I also want the ability to trade futures spreads.
I've heard Trade Station is comparable in style and performance to ToS, but I called them and they said that they use some extension for futures options that is not on their normal platform and they do no give out demos for this. If anyone has experience trading options on futures with Trade Station please let me know how it is, and maybe send me a picture of the layout if you would be so kind!
I'm currently checking out Interactive Brokers, but I really am not liking their platform so far.
If the commissions are a little more expensive than TD that is fine, but I don't want to pay more than $5 per side.
I am open to all suggestions except for any broker related to Farr Financial or Ironbeam.
Thanks in advance everyone.
I am looking for a broker that will allow me to trade a wide range of options on futures with a decent/customizable platform.
What I currently use:
ThinkorSwim: I really like this platform and TDAmeritrade a ton, but it does have two major drawbacks.
1. TDAmeritrade has a really poor selection of trade-able options on futures contracts (11 total I think), many in markets I do not wish to trade options in.
2. In these 11 markets there are often only a 3 maybe 4 contract expiration's in which I can trade options. I like to trade options sometimes as far as a year out.
What I am looking for (Ideally):
1. As many futures on options contracts as possible.
2. Something close to ToS if possible. Probability of touch + probability ITM are really handy figures I'd like to be able to add to my chains. I know I can figure these out from the Delta, but ToS automatically figures the premium cost into its calculations; doing that by hand for each strike is time consuming.
2. I also want the ability to trade futures spreads.
I've heard Trade Station is comparable in style and performance to ToS, but I called them and they said that they use some extension for futures options that is not on their normal platform and they do no give out demos for this. If anyone has experience trading options on futures with Trade Station please let me know how it is, and maybe send me a picture of the layout if you would be so kind!
I'm currently checking out Interactive Brokers, but I really am not liking their platform so far.
If the commissions are a little more expensive than TD that is fine, but I don't want to pay more than $5 per side.
I am open to all suggestions except for any broker related to Farr Financial or Ironbeam.
Thanks in advance everyone.
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