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I opened an account with Zaner / Gain, and to my surprise I am paying $ 25,00 per option sold an bought?
Is that normal?
On IB I am paying 3,50, and even that is quite expensive.
$25 sounds a lot to me, I would double check. A good broker can compensate a bigger fee but at some point I wouldn't give it a go. I still do my ES-Puts on IB for 2,82 round turn one ES-Option.
But since a longer while I'm also thinking about opening another account for my ES-Puts due to the margin-thing on IB and really nasty fee(s) they added recently.
I am at an introducing broker and currently pay 3,50.
With IB directly it is 2,00.
With the Placetrade brokerage, using the same IB account, it is about 1,50.
Thanks for your contributions to the forum. I really enjoyed reading through it.
I'm also an options premium seller. Some stocks but mainly index options.
Was there a study you did (perhaps I missed it ) on only selling the call side ? At what delta and what's the annual return ??
Thanks
I post my other commodity trades in the Diversified Option Selling Portfolio thread. Right now I am using 80% of my account for ES spread trades. 20% for NG strangles (with warm weather coming I may be exiting them). I have also done a few other commodity trades this past winter.
We have been spoiled by higher ROI in the past. I had some money in the past at a mutual fund account. He would have been ecstatic if he was making 1% per month for the year.
I feel it is better to take the low ROI sure thing vs risking my money trying for higher ROI. I have been burned by that in past.
I fully agree. When selling options, you have to be satisfied with what you can get. It is my experience that profitability in the long run is better when accepting a moderate ROI.