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  4. RapperT

    Welcome to Steady Futures

    Sorry about that, no corn his week.
  5. williamDell

    Welcome to Steady Futures

    Curiously I had to select the Dec.27th expiry in the ZW March contract to find the Jan.20 options.... Also how about the ZC trade? Thanks
  6. luxmon

    Tradier Brokerage Special Offer

    This is the case for me also. Very early on with the free commission plan they absorbed these fees but started passing them to the customer at some point. I got a more polite response when I asked but there isn't anything you can do. $0.10-0.11/contract still isn't bad.
  7. vnr111

    Tradier Brokerage Special Offer

    Had a question for those of you that use Tradier. I just got set up with them yesterday and entered my first trade. I received my trade statement today and noticed in addition to the regulatory fees, they are charging a transaction fee. Did anyone else get this fee? When I asked them- they blew me off saying they are unable to break down their fees and to just read their FAQ. However, no where in the FAQ does it discuss an additional transaction fee, just that they charge regulatory fees on average of 11 cents/contract.
  8. Earlier
  9. Ophir Gottlieb

    CMLviz Trade Machine

    hi there, Welcome to Trade Machine. You can create your own custom strategy and run it against 5 stocks at a time entering the tickers comma delimited. You can see how to create a custom strategy here: https://vimeo.com/221315614 There is no way to create a full blown scan for the retail product but 5 at a time does pretty well and we will make that 10 at time soon.
  10. Windeon

    CMLviz Trade Machine

    Just subscribed yesterday to TMachine Is there anyway to customize the scanner to scan for pre-earnings calendars where the trade is 21 days BE and the front sell option expires in after earnings and Close the trade 1 day before earnings Thus a custom scanner to find the stocks like KIM's pre earning (double) calenders? If i missed this in the discussions I am sorry, but could you then post the link?
  11. Kim

    Tradier Brokerage Special Offer

    It is my understanding they will be contacting all clients with the new agreements. Maybe just let them know that you prefer to stay at the current pricing?
  12. ales19

    Tradier Brokerage Special Offer

    Shame for the extra charges on the index options but then again we don't really trade that many on a regular basis so the impact will be minimal, especially given we are getting a $30/month reduction in price. For those who trade index options in volume is there a chance to stay on the current $40 plan?
  13. Kim

    Tradier Brokerage Special Offer

    Update from Tradier: They are in the process of making an update to their pricing. The new subscription pricing is: $0 for equity $10 for equity and options (previously $40) $60 for tradehawk equity and options The plan is to reach out to each person currently enrolled and update their price effective Nov 1. One change to note with this new price is that they will be charging .35 a contract for single listed index options (SPX, RUT, VIX ect ..) The disclaimer is as follows; Single Listed Index Options are subject to a $0.35/contract fee in addition to any pass-thought exchange fees. Tradier Brokerage passes along all exchange, OCC, and regulatory fees.
  14. ex3y7s

    Brokers and commissions

    Also a good point. SPY has dividends, so there is an assignment risk not to mention an attendant price gap after that dividend is paid.
  15. Djtux

    Brokers and commissions

    SPX is european style, SPY is american. Something to keep in mind.
  16. ex3y7s

    Brokers and commissions

    This is an excellent idea. Do be aware, however, that SPX with a zero-commission broker is still likely to be cheaper than SPY with that same broker. Zero-commission SPY is definitely cheaper than commission + SPX exchange fee, though.
  17. aamaot

    Brokers and commissions

    When you trade multi-leg options with Robinhood you will need to round up or down, I think in 5 cent increments. Other brokers allow you to place trades on the penny.
  18. Stanislav

    Brokers and commissions

    @nlesko1988, with zero commissions you can use SPY to replicate SPX trades (just do 10 SPY lots for every 1 SPX lot). Even considering exchange and regulatory fees you'll probably pay less commissions for 10 SPY lots than using other broker that supports SPX and has higher commision rate (plus 0.60 exchange fee for SPX).
  19. nlesko1988

    Brokers and commissions

    I’m wondering if I will run into any other problems with robinhood as my broker? Not sure of it is worth switching just for SPX trades, but if there are any other shortcomings of robinhood I would like to know before I dive on any deeper to options trading.
  20. aamaot

    Brokers and commissions

    You cannot trade SPX on Robinhood.
  21. nlesko1988

    Brokers and commissions

    Does anyone use robinhood? I was looking at doing a trade on SPX that was posted and I’m not sure if you can do it on robinhood. The zero fees are amazing, but if it is going to hold me back from taking full advantage of steady options, I will look into switching.
  22. James Mullahy

    Brokers and commissions

    I got ETRADE at .50 per contract after their new pricing.
  23. Kim

    Brokers and commissions

    @aRJey I would strongly recommend switching brokers. Those rates are ~3 times higher than you can get from most brokers today.
  24. That’s the concept of the MED…which I’m borrowing from Tim Ferriss’ book “The 4 Hour Body”. When I decided I wanted to lose 20 pounds, I picked up Tim’s book and his discussion of the MED connected with me because I don’t really care about all the details of nutritional science.I just wanted the one-page(or less) plan I could start taking action upon immediately, and I know many people feel that way about their finances. By the way, Tim’s “slow carb diet” works…I’ve lost 20.2 pounds (194.6 to 174.4) and 4% body fat (19.7 to 15.7) in about 3 months by following his plan with probably 75% consistency. Dieting, as well as personal finance, is mostly behavior instead of intellect. If you follow Tim’s plan, you’ll lose weight. If you follow thebasic cash flow financial plan I’m about to outline, you’ll lower your tax bill and increase your net worth over the long term…and that’s probably the biggest difference as seeing the results of good financial behavior may take years or decades instead of weeks or months. One of the greatest gifts we’ve all been given is the power to choose, it’s truly up to you. I’ll start by outlining the plan, and then explain the details after the fact. Note that this assumes you already have your debt situation under control with no interest-bearing credit card balance, little or no student and/or car loans, and a home mortgage that’s no more than 2x your annual household income. Otherwise you really need to consider first focusing on reducing your debt to more manageable levels. 3 Step MED Cash Flow Plan Step 1: Keep about 1-2 months’ worth of living expenses in your checking account. Step 2: Keep about 6 months’ worth of living expenses in a high yield savings account or taxable brokerage account holding short term treasury ETF’s or money market mutual funds. If you have any lump sum capital expenses due within the next 3-5 years, this is also the place to keep it. Step 3: Invest the rest of your capital in a globally diversified equity fund portfolio in the most tax efficient manner possible. Remember, this is the MED plan. I’m intentionally leaving out a lot of minor details that a great financial planner can help you fill in to keep you focused on the most important points. In America, I believe that if you 1. Earn an above average household income (roughly $60,000), 2. Minimize your debt, and 3. Follow the above steps, long term wealth building is both simple and inevitable. Not possible, but inevitable. Unavoidable. Unstoppable. The more you complicate it or make excuses, the more likely you are to give up. Remember that “perfection is achieved, not when there is nothing more to add, but when there is nothing left to take away.” Step 3 is probably the most ambiguous part of the plan. I do have an opinion on what the optimal equity portfolio might look like, which is another area for a great financial planner to add value, but a good starting point for a MED investor might be a fund like VT or ACWI. As of last week, most major brokerage firms are now offering ETF’s commission free.This means you can now buy a portfolio of more than 8,000 stocks across 47 countries commission free and at an annual expense ratio of just 0.09%. That’s truly amazing, and why there has probably never been a better time to be an investor. Some other experts might instead recommend a target date fund as a single fund solution, but the elegance of the above plan is that it automatically builds in a “glide path” based on your personal situation. There are only minor modifications required for a retired investor. With regard to tax-efficiency, first start with tax advantaged accounts like your employer 401(k), HSA’s, and IRA’s. If you’ve maxed out these accounts and still have money left over, owning the same fund or portfolio in a taxable brokerage account is a great choice. As simple as this plan is, chances are you’re not doing it right now…I frequently find new clients holding way too much in cash, not even maximizing the yield on that cash, poor diversification with the equity funds they own, not taking full advantage of retirement accounts, too many accounts, speculative investments bordering on gambling, and the list goes on. Just as people will dismiss Tim Ferriss’ book on dieting as “too simple”, the same can be said with this financial plan.So how about another quote: “Simplicity is the ultimate form of sophistication.” If you’re at all familiar with the concept of minimalism, you should see the common themes here. Every account and every investment should have a specific purpose, otherwise get rid of the clutter the same way you would with items in your home. I’m a financial planner, and I believe that great advice on the 20% of details that go beyond the MED can add massive value and be worth well in excess of the fee charged. Additionally, just as you might wonder if I’ll relapse on the 20 lbs I’ve lost over the last 3 months and eventually eat everything in sight, a great financial planner will be there for you when needed. I act as a behavioral coach to clients for ongoing advice and guidance beyond the initial financial plan, empathetically but firmly reminding you “you don’t want to do that (go to cash/sell this/buy that/etc.)” when markets are at extremes. But at minimum, if you’re a well-behaved DIY investor you might want to consider hiring a financial planner for at least an initial second opinion on your plan and portfolio. Jesse Blom is a licensed investment advisor and Vice President of Lorintine Capital, LP. He provides investment advice to clients all over the United States and around the world. Jesse has been in financial services since 2008 and is a CERTIFIED FINANCIAL PLANNER™ professional. Working with a CFP® professional represents the highest standard of financial planning advice. Jesse has a Bachelor of Science in Finance from Oral Roberts University. Jesse manages the Steady Momentum service, and regularly incorporates options into client portfolios.
  25. aRJey

    Brokers and commissions

    Hi All, Im quite new to all this, Using SAXO Bank as the broker for now, they are charging me something like $2.08 per leg as per what i can understand and their fills seem to take ages, I see other users positing of fills at prices which I am working at as well and not getting filled. I am currently subscribed to the OPRA Data and have no idea which exchange are the orders being routed to. Anyone have a similar experience with them? Do let me know if Saxo is a worthwhile broker to continue with or switch to someone else, my account size for trading is USD 100K and I am only trading and learning as per SO advice. So the number of trades will be about 80% of what SO does monthly. Any advise will be highly appreciated! Thanks!
  26. Michael C. Thomsett

    Are You Breaking Even? Or Losing?

    For those folks, conservative options trading (such as covered calls or naked puts, for example) may be the only certain way to meet or do better than breakeven. It is not mentioned often, but the breakeven yield is higher than just the interest or dividend rate earned on investments. The two crucial elements to be concerned about are inflation and taxes. To compute your true breakeven, you need to take both of these into account. Many people face a dilemma when they compute breakeven. You have three choices: Increase the market risk in your overall portfolio to make enough to get to breakeven. Accept lost purchasing power as inevitable and unavoidable. Figure out how to increase yield without adding risk – this is where options can play a role. It is especially rational to use options for trades like covered calls if you also focus on value investments paying better than average dividends. Many fine companies pay 4% or 5%, making it much easier to get to breakeven without added risks. If you focus on dividend achievers, those companies increasing dividend yield for every year over the last decade, you do even better. These companies tend to be better managed than average, so fundamentals are exceptional. This also translates to better price performance over time. The breakeven taking inflation and taxes into account is calculated following a few steps: Determine the rate of inflation. The easiest way to do this is to use the CPI numbers at the Bureau of Labor Statistics. The BLS also provides a free inflation calculator here. Find your effective tax rate. This is the rate of taxation applied to your net taxable income (adjusted gross income minus exemptions and deductions). Calculate your after-tax income, which is taxable income minus effective tax rate. From these calculations you can figure out your breakeven rate of return. The formula: I ÷ ( 100 – E ) = B I = rate of inflation E = effective tax rate B = breakeven yield In calculating your tax rate, be sure to include all sources of income tax, including federal, state and (where applicable) local. For example, assume your current rate of inflation is 3%. Your effective tax rate is 38% (federal and state, percentage of taxable income). Your breakeven rate is: 3 ÷ ( 100 – 38 ) = 4.8% You need to earn 4.8% to break even after inflation and taxes. Considering the average portfolio includes many diversified sources including money markets, real estate, stocks and mutual funds, this is a fairly high rate of return. You might have a great year in the stock market but see your mutual funds, 401K and real estate lagging behind. The average for all of a portfolio often is lower than the realistic breakeven. This is where options can help bring those averages up and beat the breakeven level. As long as you focus on conservative strategies you do not need to take on higher risks than you can afford. The breakeven yield shows that you probably need this offsetting effect. Covered calls writers tend to consistently make double-digit returns. This does not mean your entire portfolio can or should be put into covered calls; that does not make sense. But if you focus on smart, conservative options strategies, a portfolio falling below breakeven can be brought up to the point of meeting or beating breakeven on the entire portfolio. Following is a chart summarizing breakeven for several rates of inflation and effective tax rates: No one is expected to get double-digit returns on an entire portfolio without increasing risks. The sensible solution is to use options trades as a diversified part of the portfolio to bring the overall average up to the point that your purchasing power can be maintained. Focusing on conservative options is a sensible idea as part of a program to maximize returns without adding market risks. Beyond covered calls and uncovered puts, other conservative strategies that generate maximum return include the covered straddle or covered strangle, synthetic long or short stock, and well-structured vertical spreads with short-term expiration. In all these conservative strategies, the greatest advantage is gained when expiration is short-term. A single one-week option yields a lower dollar amount but a higher annual yield, than a longer-term option paying more money but a lower yield. A statistic worth remembering is this: The average option loses one-third of its remaining time value on the Friday one week before expiration. This occurs because from Friday to Monday is one trading day but three calendar days. This day – Friday the week before last trading day – is probably the best day to open short options, with plans to close them on Monday or Tuesday. That is one way to improve your chances of making your way to breakeven yield. Michael C. Thomsett is a widely published author with over 80 business and investing books, including the best-selling Getting Started in Options, coming out in its 10th edition later this year. He also wrote the recently released The Mathematics of Options. Thomsett is a frequent speaker at trade shows and blogs on his websiteat Thomsett Guide as well as on Seeking Alpha, LinkedIn, Twitter and Facebook.
  27. g5harlan

    Brokers and commissions

    Ally announced that they were going commissions free as of 10/9/2019, but they started doing this on my trades on 10/4/2019. Nice. And I do mean no flat fee or per option fee. I was being charged 2.95 + .50/option.
  28. RapperT

    Welcome to Steady Futures

    @didilzd we will Update sheet to reflect exact options tickers
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