SPX fees at Fidelity

H

huxleyrza

Does anyone know what fees Fidelity charges for SPX options? I've literally been on the phone with two different reps and a live chat agent and they all said the same thing "no commissions and .65 a contract" I find this almost impossible to believe but if anyone trades SPX options with them Id love to hear what they pay. Even though they make base claims it's literally the same cost to trade indexes with Tastyworks and IB (which adds up to a LOT of money!)
 
It says the fee structure on their site, and two reps even confirmed it.
So why are you debating, or what are you asking in particular?

Go make a Million, now.
 
huxleyrza said:
Does anyone know what fees Fidelity charges for SPX options? I've literally been on the phone with two different reps and a live chat agent and they all said the same thing "no commissions and .65 a contract" I find this almost impossible to believe but if anyone trades SPX options with them Id love to hear what they pay. Even though they make base claims it's literally the same cost to trade indexes with Tastyworks and IB (which adds up to a LOT of money!)
More...

65 cents a contract is .65 cents a share on a 4000 point index.
 
ThinkorSwim say's CBOE charges another 0.55 on top of their 0.65 commissions. So that's $1.2 per contract to trade SPX options. But it's cheaper to trade 1 contract of SPX than 10 of SPY.
 
TD charges between .49 to .66 depending on the amount of premium and whether its SPX or SPXW. I think with all of the fees its around 1.30. Everyone is right around the same amount even though they all claim they're the cheapest. IB and Tastyworks are the exact same price down to the penny. It's around $5 round trip just for a vertical. Yeah they seemed pretty clueless Robert. I wasn't sure if Fidelity somehow cut a deal with CBOE to bypass the fees but I really wanted to find out. I had some SPY contracts fill at Emerald this week for .60 which is mind boggling compared to SPX
 
On Lightspeed Trader we can't track these fees so we charge a flat $0.62/option for .SPX. On Sterling Trader Pro, Realtick and Silexx, we pass though the actual fees. If you email me I can show you what they are as of today. I prefer not to post it.
 
You must log in or register to reply here.
Back
Top