Paying 1.8k Comission for 1k Option Trade on Interactive Brokers

[kakao]

Hello,

i don't trade options but just for fun i traded 1k options for AAPL and IBKR charged me 1.8k comission. Is this normal?

 

[Daal]

Did you try to buy $1,000 and bought 1000 options instead?

 

[guru]

Should be around $1300 ($0.65 x 2000), so it’s higher than normal, but not totally unusual. You should average $0.65 over longer time and various options.

 

[traider]

Find out which exchange the orders were routed to. That gives more clarity

 

[TimtheEnchanter]

well, it is was around turn than .65 x 2 = 1.30 plus exchange fees

 

[MrMuppet]

" I don't trade options but I just traded 1k of OTM AAPL options expiring today"
Sounds about right...I would recommend visiting r/wallstreetbets. They have advice for you and point you into the right direction

 

[cafeole]

Tastyworks charges a max of $10 entry, nothing for exit for stock options.

 

[R1234]

that's a rather large notional amount

 

[kakao]

" I don't trade options but I just traded 1k of OTM AAPL options expiring today"
Sounds about right...I would recommend visiting r/wallstreetbets. They have advice for you and point you into the right direction

How is this arrogant reply useful for the thread? Go troll another threads.

 

[TimtheEnchanter]

Why would wallstreetbets be a better help? All I see there is raunchy humor, profanity, and lots of useless drivel. Plus they won't even let you post unless you have frigging "karma" at a certain level.