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On top of commissions and exchange fees, DeCarley is also charging an additional 0.75 cents (1.5 RT) fee. This was not disclosed to me when I opened an account with them. Otherwise service is good if not on the expensive side.
I have found after years of chasing the lowest cost trading fees that it wasn't worth chasing the lowest dollar. Good customer service is worth the couple of extra bucks more.
If you calculate you ROI with a $2 higher cost it hardly changes the ROI as long as you sold the option for above $50. Maybe 0.1%.
Perhaps. I just did not like that the fact that the "fee" was not disclosed to me at the beginning. That seems to be a recurring theme with brokers, you get quoted a commission and then find these fees. Still her service is very good.
Does anyone have any experiences to share about Carley Garner or her products and services? I am doing some research before inviting her on to do a webinar on futures.io (formerly BMT).
Mike
Or to ask Carley a question about anything options/trading related used the AMA thread:
Thanks Mike, I didn't know this before. I went over the link and found my answers, thanks guys, a lot of new information for me to absorb in a short period:-)
You can view and learn over at get tasty tastytrade live or archives. Tom teach's his daughter Case WDIS . TOS platform in chat archives as well.
I hope you enjoy and post some futures options in BM.
In tasty check out dough as well.
MJ888, how much capital did you put down to open the acct with OX that they granted you with this good commission rate? I am wondering if I open an 20k acct with them, they don't even consider to lower the commission for me. Any inputs will be appreciated.
ddu, OX is 3.50 per half turn for all traders unless you have traded with them for years and have a large balance. But OX is not SPAN minimum margin in all cases.
Ron, thanks, I am thinking maybe to open one regular acct with OX and open one IRA with DeCarly ... I don't know yet... I am still so concerned about Black Swan/fat finger thing ( the margin call I got from IB still scared me a lot that I am not confident enough yet to start selling option again. Just cant pull the trigger yet. I plan to finish Cordier's book and this thread first, searching around until I am very clear about how to control risk, then I can move on..
$3.5 is good enough, after you told me, I checked their website again, I did find the option on future is $3.5, I thought it was $12.95 flat, thank you Ron!
I maybe also consider to sell option on commodity like Cordier said to diversify the risk, if I only trade ES option, Black swan/ fat finger feel like inevitable.