What is the maximum number of options contracts that can be traded on Tastytrade?

[Quanto]

Does 1M contracts require $0 margin?

He could have a CashAcct, ie. all own funds only.
But one should not forget the commission: $0.65 per contract...
That's $650k commission for 1m contracts, unless one gets better commission rates from the broker.

 

[Quanto]

@Drawdown Addict, FYI: options writers like watching options contracts expire worthless...
Since it means to keep the full credit received.

 

[destriero]

I am thinking of registering with Tastytrade. I am based in Europe and so therefore my choice of option brokers is somewhat limited. Interactive Brokers, to me at least, has far too many complicated trading restrictions and margin requirements that simply make zero sense. The IB platform is appalling. So I would rather trade with another broker full stop.

Many of my options strategies require scaling, so I am wondering if I was to join Tastytrade, what is their limit on options contracts? Overall, their platform looks very tight and similar to TD Ameritrade, which is a very good thing. Also I believe the customer service is excellent, which is also very important. Thank you.

Dude is trading with less than $25K. What is with these ridiculous threads?

 

[Quanto]

Yes, I have actually traded as many as 200k option contracts with TD in simulation mode. I will attach trades I did today (using position of 200k each) again in Sim. I am aware fills etc are very different with fake money. However if I was able to trade this number of contracts in a live account using real money, the potential for serious profit still exists. Even 10k option contracts would suit me perfectly.

Hmm. I doubt you can replicate this in the real market, b/c the moment such a big order comes in, the price rises (for a buy order) or falls (for a sell order), ie. the Bid/Ask spread widens...
In your sim account, did you use a limit order or a market order?

You have to ask yourself this serious question: which MarketMaker is willing to take your offer? And there is usually just one MM, or just a few... The MM dictates the prices...

 

[MarkBrown]

i have a benchmark for people that are starting out - if you can't trade 1 position, 1 contract profitable, how then can you expect to trade multiples? numbers should be used to improve a working method not create a method.

 

[Con1991]

Hmm. I doubt you can replicate this in the real market, b/c the moment such a big order comes in, the price rises (for a buy order) or falls (for a sell order), ie. the Bid/Ask spread widens...
In your sim account, did you use a limit order or a market order?

You have to ask yourself this serious question: which MarketMaker is willing to take your offer? And there is usually just one MM, or just a few... The MM dictates the prices...

I use limit orders always. Never market orders.

 

[newwurldmn]

Dude is trading with less than $25K. What is with these ridiculous threads?

What do you trade again?
I trade size!

 

[Quanto]

I use limit orders always. Never market orders.

That's good.
But it's clear that the used simulator is not that realistic for such big orders, IMO.
In such tests you better should be very conservative, ie. be on the safe side...