Etrade drops to .50 if you do 30 trades/quarter, doesn't seem hard if you are doing weekly options (and closing for free if the option is under .10). You can game the 30 trades by selling contracts 1 at a time instead of all at once. If you have a large enough account or do a good amount of trading you can talk them down to .40. My wife was able to get Fidelity down to .40 also by complaining that I was getting that from Etrade.
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Wiki Selling TSLA Options - Be the House
- Thread starter adiggs
- Start date
Etrade drops to .50 if you do 30 trades/quarter, doesn't seem hard if you are doing weekly options (and closing for free if the option is under .10). You can game the 30 trades by selling contracts 1 at a time instead of all at once. If you have a large enough account or do a good amount of trading you can talk them down to .40. My wife was able to get Fidelity down to .40 also by complaining that I was getting that from Etrade.
FWIW, at least for my accounts, Fidelity does not charge any fees to close out options contracts if the options are below $0.65 per ... it even gives a little popup that "This will be comission free if it executes below $0.65." Very handy for closing out those contracts on Friday instead of letting them expire for those last few pennies, and frees up being able to sell again on Friday before close.
$2.5 per contract for me, same for open & close, so 100x it's $250 - I usually add/subtract a few pennies from my desired limit-price to cover it
jeewee3000
Active Member
$2.95 per contract for me per contract for me (or $0.0295 if you will), with the exception that closing a position when the premium is $0.10 or less there is no charge. In other words, when my sold options expire worthless I can close them out without extra transaction costs.
(Does not apply when I want to BTO shitcalls for $0.1 or lower, then they do charge $0.0295 and that is why shitcalls are not that helpful for me: i pay nearly 30% in transaction costs when opening a position. I therefore prefer to swing trade with longer dated calls whenever I think a bottom is formed)
SpeedyEddy
Active Member
first trade of the day BTO/STC SMCI C800 (2/23) brought $8.03. Now waiting for new entry either side.
Seem to be right to have called $TSLA> 200 "within 2 days" and $175 definitive bottom, but you can only be sure after a long while, so do not trust me on saying anything right. I love the transparency of SMCI far better. FOMO-ers stepping in "because they missed the first jump" and ready to be slaughtered if not out in time. (I guess for now down in the morning and back up in the afternoon seems to be the pattern (against the pattern of last week))
Seem to be right to have called $TSLA> 200 "within 2 days" and $175 definitive bottom, but you can only be sure after a long while, so do not trust me on saying anything right. I love the transparency of SMCI far better. FOMO-ers stepping in "because they missed the first jump" and ready to be slaughtered if not out in time. (I guess for now down in the morning and back up in the afternoon seems to be the pattern (against the pattern of last week))
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BTC short puts at $197, if it closes candles over $198 I'll consider reselling for ride over $200
BTC 60x 2/23 -p200 @$5.9 (net -$1.3), looking to resell at a lower strike on pullback -> 200 strike was way too high and rather too impulsive
STO 50x 3/1 -c210 @$2.1
STO 50x 3/1 -c210 @$2.1
That's a huge wall at c200, if there's anything to Max Pain conspiracy theories then you would really expect it to be held below that for Friday close
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SpeedyEddy
Active Member
Alternate EW update: Could be today's high was it for "iv" of (i) and possibly the start down to $170-$160 area.
If TSLA gets over the recent high and exceeds $211, then the lows are probably in.
If TSLA gets over the recent high and exceeds $211, then the lows are probably in.
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