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Showing content with the highest reputation on 01/01/18 in all areas

  1. Fees are usually .14 or .15 cents per contract on open and close. (I have been using them since Feb and have yet to see a .10 cent fee. They may charge less for larger accounts but not sure) VIX is .79/.80 on open and close. IBM 1 contract For example: If you bought/sold to open a put in IBM it would be 1.00 commission + .15 fee = 1.15 To close it you would just be charged the fee of .14 cents Round trip cost would = 1.29 IBM 20 contracts If you bought/sold 20 puts to open in IBM it would be 13.00 (10.00 max commission + (.15 cents X 20 contracts = 3.00) To close it would be 2.80 (.14 cents fee X 20 contracts = 2.80) Round trip cost would = 15.80 VIX 20 contracts If you bought/sold to open 20 VIX puts it would be 26.00 (10 max commision + (.80 cents X 20 contracts = 16.00) To close 20 VIX it would be just the fees 15.80 ( Zero Commissions + (.79 cents X 20 contracts = 15.80) Round trip cost = 41.80 This is how i understand it at present. Hope this helps!
    2 points
  2. Happy New Year Kim and the team for your guidance, patience and all the help towards me becoming a better trader. I also would like to thank @Yowster, @SBatch, @krisbee, @RapperT, @cwelsh for not only sharing their trading ideas but also explaining in details the rationale, risks and rewards. You guys really make this forum even more special. Some day I hope to start coming up with ideas of my own and start sharing to keep paying forward. Sincere thanks and best wishes for you in 2018!!
    2 points
  3. Just a reminder to everyone who is using Trade Machine. Use it all you want, it has tremendous potential to open up your mind to new ideas, and even stocks that you may never even thought of looking at. I run tests ,sometimes, for hours, and find some things that appear to be amazing. But, when I open the "trades" tab , to look at each, and every specific trade, I have been finding an endless amount of errors. Some are very small, but they are outright wrong. For example, I was just examining the individual entries, and exits, on a strategy that looked very good. I found that it bought xyz call for $1.48, and closed it out for $1.58, and it showed that trade creating a loss of .02 cents. I had zero commissions as the default, so it did not come from commissions. I know that this is a very small example, but, wrong is wrong. So, if you find something you like, please make sure to carefully examine the actual trades, to make sure that everything is what you are assuming it is.
    1 point
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