Options trading services reddit My friend says the Trading Analyst is pretty decent. I've been trading stocks for longer than 10 yrs. He also goes over example trades and how they could play out. There is also no stop loss option so you would need to pay close attention to your trades. I have tried the Investopedia stock/options… With ig selling options is pointless because you don't receive the premium at all. Even Europe isn't great. If you're a beginner, however, maybe swing/day trading is da wea before you jump into options? Because of the insane leverage and span margin be sure to stay under 50 percent for the buying power used in case there is a black swan. Probably people think options are gambling, check out Delta 1. Thanks for your input! Yeah I was thinking about lying and have about 3k in there rn ( but could probably initiate a transfer to bump the balance up by a couple grand more). Sit on the sidelines and watch. OI with 1000+ contracts if you can buy time like 1-3months out. We do not currently offer the ability to trade these index options after 4:15pm ET, nor offer the ability to trade NDX index options outside the regular trading session. If you're serious about trading options go with ibkr. The mods do a great job, but Reddit is the wild west without a lot of focus or structure to help with developing trading plans such as you seem to be seeking. Unpopular response around here but Robinhood by far. Don't put a sizable amount of your account in one trade, and know where to take profit and stop yourself out. Options trading entails significant risk and is not appropriate for all investors. I'm a long trader, and use my options as future entry points. For Tier 1, the following strategies can be traded: Buy-writes, selling covered calls, rolling covered calls, buying I have been using ATP for some time. Basically just looking to purchase put options on, say, the S&P500. Supporting documentation for any claims, if applicable, will be furnished upon request. It is often best known for its trader workstation, API's, and low margins. This post is a bit trickier than some of the others I have made and will make in the future, but don't let that discourage you. A place for high quality community conversation and learning surrounding exchange traded financial options, and associated markets. ) financial situation, and investment objective. I have yet to sell-on an option I've bought - I've exercised everything. Expand the "Brokerage & Trading" section and click on "Options. For those experienced in options trading, my question is: how do I calculate the total amount I will receive from the buyer, minus the fees, when selling one put option contract with a $1 premium on IBKR, assuming 100 shares equals $100? Welcome to r/Options_Trading! This is a subreddit for all traders to discuss, ask questions, and share trade ideas related to options. I’m pretty good at being disciplined in my options trading but the hard part is always trying to choose which stock to trade and I’m which direction. I recently started trading options as simply as possible. Since you don't know this already, I'd say Webull is the most user friendly. For those who do not have a solid trading plan and are just winging it then it may be gambling. I'm probably barely making that with the limited options trading I am doing. Wait till you find the right trade, and be aggressive about it Keep taking breaks from trading. As a long trader, if there's a strategy that works for me, where I can also limit my tax liability, then I may go for it. I have heard of cheddarflow, flow algo, trade-alerts, perhaps unusual whales, maybe there are more? I am looking for any feedback from anyone that may use them or all of them? Thank you As a reminder, the trading commission for options at Fidelity is $0 for the trade + a per-contract fee of $0. As the title says, I'm looking for the best options specific trading room/alert service I can join to surround myself with quality folks. Today ATP finally kicked me out saying that I need to enroll as a streaming trader and pay $123 a month. Thanks Options are still costly. At this time, Fidelity offers trading for VIX and SPX options in the pre-market sessions during the hours of 7:00 a. Edit: formatting Please let us know if you have additional questions so we can review this further. Slightly longer version follows. I used to trade stocks, ETFs and option spreads actively as well as held a few low volatility ETFs like XLU for the dividends and sold covered calls, averaging over 10% for years on those. What about the other end of the transaction? If you buy an option, someone has to sell it to you. Symmetrically, since you get to choose whether you want to exercise the option, the seller must fulfill the demands of the buyer. Do not trade 0DTE. Some basic rules I came up with that have been game changers for my options trading. . Let alone the fact that it’s commission free, the user experience is just so much more seamless than any of the other ones. I never understood these gurus and copy trading and all thats going on these days, get off your butt and learn diff strategies, the diff ways to interpret technical data, hell just sit down and paper trade 0dte SPY until you can walk away with positive return 8-9/10 days while only putting in a few hours of research and two hours or so of trade This option gives the holder the right to buy 100 shares of Tesla at $900, on or before March 18, 2021. Market liquidity is a real issue as well. Any help will be really appreciated. Stocks can make big moves without a change in the option price. Every time you place an options trade on Public, you'll receive 50% of our options trading revenue, minimizing your transaction costs. This is not an insult to Australia; other markets like Canada and Japan also have poor liquidity. Not having a position is a position. For me it's fine because i don't deal with frequent trades and do more LEAPS and the occasional FD, but the UI sucks and the numbers are slow. Id say no, option trading is very different from regular investing or short term trading. Started options about 2 yrs ago and can say options is more fun, yes it can be challenging but with proper risk management and planning just like stocks you can make much better money than a shitty 9-5 job Additional information regarding directed and extended hours trading for options can be found on ATP by clicking "Legal," then "Directed Trading for Options. Glad you found us here before you escaped, u/tryingtoescapereddit!Happy to share some information on trading options at Fidelity. Back then I think IBKR was good for option trading, but I stuck with Tradestation because I was so used to it. I do use TOS for charting and intraday trading stocks. Options trading as an amateur going up against the fastest trading algorithms in the world rub by the biggest HFT funds in the world is just pure silliness and is gambling IMO. by number of daily average revenue trades. If I understand correctly these services use open interest across strikes and expirations to determine market maker activity at certain prices. I've also used Schwab, Fidelity, and TOS for options. I want to jump in option trading (I’ve been only studying about them so far). Our goal is to help Redditors get answers to questions about Fidelity products and services, money movement, transfers, trading and more. I grew up with Tastyworks and watching Tasty Trade. Most brokers will allow instant deposit but won’t allow you to trade options until fully cleared. Instead of buying the stock buy the option. There is a maximum charge: 5% of the principal when placing option trades. " Services offered include common and preferred stocks, futures, ETFs, option trades, mutual funds, fixed income, margin lending, and cash management services. 225 votes, 457 comments. I currently invest using Wealthsimple, but they don’t offer options trading. With markets closed today, I figured I'd sit down and take my time to share some of my tips for (options) day-traders. The name of the video on youtube: Stock Options Trading 101 [The ULTIMATE Beginner's Guide] Channels: projectfinance, Sky View Trading, TheChartGuus, and Option Alpha - are all very good. I believe the same goes for if the stock price equals the strike price, it's only when the price of the stock goes below the strike that you can, but I'm not sure. See full list on wallstreetzen. You go to account management and then trading permissions (on the website not TWS or your phone) and then you can either attest to having like 2-3 years experience in trading options (I think that's the amount of time they're aiming for) or you do a short quiz on the risks of buying and selling standardized options and you need to pass it to Welcome to FXGears. Learn how to properly read an options chain (bid, ask, mark, delta, theta, gamma) and understand how different expiration dates affect the trade (as well as the strike prices within that expiration date). " Options trading entails significant risk and is not appropriate for all investors. controlling emotions is the hard part, because when you're trading stocks losses are generally small, but with options the emotions are raised by 10x because when you do lose money it goes extremely quickly, i've lost half my portfolio in one day before and rocketed 45 votes, 26 comments. Avoid options with a wide spread, bid and ask should be 1/2% difference or less. I have working on a similar strategy trading ES futures and options. It's a low-probability trade and people who don't know options are going to get sucked into overtrading with SPX or other zero day options. I'm moreso reevaluating my trading strategy/style with tax liability in mind. If you are not experienced in using zero day options, you're just going to lose money faster. com Jan 2, 2025 ยท The best options trading brokers and platforms include Fidelity, Charles Schwab, Interactive Brokers, E*TRADE, Ally Invest, Firstrade and Webull. When I select options from my questrade trading screen a lot of different options come. Trade styles: ZTRADEZ offers a variety of trade styles to choose from, including options day trades, options swing trades, penny stock trades, equity swings, debit spreads, credit spreads, the wheel strategy, futures and forex, and high probability strategies. Yeah, it's 100% impossible. I am looking for an option, in which the maximum loss is the maximum premium I paid for the option contract and maximum reward is technically unlimited. Hey guys , just wondering if anyone knows of any brokers other than robinhood that allow you to instant deposit from your bank and trade options instantly . Specific complex options strategies carry additional risk. Common mistakes and useful advice for new options traders • Five mistakes to avoid when trading options (Options Playbook) • Top 10 Mistakes Beginner Option Traders Make (Ally Bank) • One year into options trading: lessons learned (whitethunder9) • Here's some cold hard words from a professional trader (magik_moose) It is often best known for its trader workstation, API's, and low margins. It operates the largest electronic trading platform in the U. I wanted to also sell the contract as well. I use IG for simple option strats. "Tldr; Its not worth it. Trading Options Greeks by Dan Passarelli was a book I found to be very helpful jn understanding how the greeks work and affect options pricing. One drawback is that it lacks price alerts. Welcome to FXGears. If you're someone who sells options and lets them expire, another platform that charges you 60 cents per leg would be cheaper in the long run, but I'd still choose tasty due to the analysis tab functionality. To trade options, you need to setup a brokerage acct and apply for options trading. 50 for opening a contract, and closing is free. Anxiety/Nervousness, is a factor when you aren't capitalized properly or are taking on greater than capital allows risk. i set my take profit and hold - my current brokers are THINKORSWIM, WEBULL, WELLS FARGO, ETRADE, FIDELITY, TRADOVATE (futures) and OANDA (forex) AllyInvest. pretty much all the big ones are . For Filipinos interested in stocks, bonds, mutual funds, ETFs, forex, crypto, banking, business, insurance, and any other topic related to investing money, making money, or growing money in the Philippines. At Fidelity, we break options trading into three tiers, with each tier offering more complex strategies. I have traded futures and equities for 20 years quite successfully, but I'm newer to options, hence wanting to learn from someone that knows what they're doing. If you do decide to trade options on WS, I recommend subscribing to live options prices on another platform (doesnt matter which one) because WS doesnt currently have live prices for options and the prices are updated approx. And the problem with joining groups, as someone who joined many groups before I got good at trading on my own, is that you are basically taking other ppls plays without knowing what they’re trading plan is Options trading entails significant risk and is not appropriate for all investors. With black friday I am looking to try out an options service that reports unusual options trades. Members Online marcnathan88 34K subscribers in the OptionsMillionaire community. S. Risk Management: Skilled options traders employ various risk management strategies to minimize potential losses and protect their capital. I have been trading options for several years and started with futures over the past year. I've traded options without it, but now this tool makes trading options faster and more transparent. It… As an official Fidelity customer care channel, our community is the best way to get help on Reddit with your questions about investing with Fidelity – directly from Fidelity Associates. And with this launch, we'll be sharing 50% of our options trading revenue, directly with you. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! ---- We also have one of the largest forex chatrooms online! ---- /r/Forex is the official subreddit of FXGears. every 15 mins. to 9:15 a. Option fees are $1. It has morphed into a safe haven for those that desire to learn investing free of nonsense, yolos, lottos, drama and all/any other irresponsible behavior that is inherent in most online communities. Before trading options For Filipinos interested in stocks, bonds, mutual funds, ETFs, forex, crypto, banking, business, insurance, and any other topic related to investing money, making money, or growing money in the Philippines. Yes, options can be a leverage bet but it becomes more complex because you have to account for volatility. Long term S&p 500 puts for a simple hedge. While Options have many purposes, the primary purpose of using Options to Day Trade is - leverage. The UI allows for efficient entry, exit, and rolling of positions. Because different options trading strategies involve varying degrees of risk, approval requirements are more rigorous for higher options levels approval. Here… The last couple of weeks I came across several youtube channels that use options flow services such as tradytics, vol. Other thing is that these contracts expire in 1-3 months so if you are looking to wheel you would have to stay on top of the expiration as these contracts need to closed at expiration profit or loss. g VOO) that would be perfect. Before trading options, please read the Characteristics and Risks of Standardized Options. Most of the time, do not take that trade. Thank you “Today, we're excited to introduce options trading on Public-one of our most requested features for quite some time. But, for a knowledgable, experienced, and skilled trader with a solid trading plan, it is most certainly not gambling! My point here is that there is no way to remove the gambling aspect from ER trades which you can do from non-ER trades. I am getting really confused about which to choose. Supporting documentation for any claims, if applicable, will be furnished upon request Ever since I started really diving deep into option fundamentals and research, I’ve been getting ads like crazy for various different option trading subscription services. This is a financial options trading subreddit. I have come to the conclusion that options are going to be my primary and futures are used in specific directional and high probability scenarios. For options trading, Tastytrade has the best trading platform and fees in the market. Based on the comments on this subreddit, looks like lots of denials or wait times to get approved for options trading for Fidelity. Hello! As the title suggests, I’m looking to see what you all suggest for options trading in Canada since a lot of the usual suggestions are best suited for American investors and it is really difficult for a Canadian to sign up. For company or industry analysis, you look at the underlying first and foremost. Hey, As someone new to options, I'm interested in paper trading options for fun. Anyone trade options for a living or make it a secondary income? Like $500-$1000 a week from it or more? I’m trying to make… It's $1 round trip which you pay when you open the trade. you can easily buy hundreds of contracts to open and close a position I called TD the other day and best they offered was . Thus, if the extent of your understanding is, "Use a Call when you think it is going up and a Put when you think it will go down" you should probably skip the rest of this and learn the mechanics of Option Trading first. I check it every day. In this post, we are going to talk about some tips on how to effectively use live options flow to find excellent trading setups. Hello, I’m a new to the Options Trading and what’s wild is I got into Reddit in 2020 (my account started) and I wanted to Primarily focused on trading, i heard and seen the success - I wanted to get into it and bring my family generational wealth and so on…but with everything going on in my life I stuck with what I only knew, going to college and playing football. 65 (a buy-to-close order for a contract valued less than $0. The option trades are listed under the "Idea Hub" with main categories "Big Movers", "Earnings", "Premium Harvesting" and "Covered Calls". Context and effort in your post is required to communicate well. This community was founded to teach others about realistic and responsible options trading. Yes, Sell to Close. Before trading options, please read the Characteristics and Risks of Standardized Welcome to FXGears. i have been blocked from entering & exiting favorable trades (market & limit orders) with each of these brokers for various reasons. not a bad book at all, is additive to the discussion and not overly academic. Your post and comment should have discussible options content. 65 has a $0 fee to close). I do options trading on it because it's the only account I have available that allows options trading. The option "tier" on my account is not high enough to place a 2 leg trade (Buy 100 Calls of XYZ and Sell 100 Puts of XYZ, both with the same strike price and same expiration date) as one, single trade. Before trading options, please read Characteristics and Risks of Standardized Options. How you use zero day options to get 30X, 40X your return. Sometimes I use swing trade bot to look at signals that can help but they have so many different signals to use I don’t know which one is the best. Charting and indicators are limited, however. Thank you for the detailed response. Good luck! Here's how to start option trading from having zero to little knowledge disclaimer- this how I would start options trading if I had start over Step 1-Finding the right broker Webull is the one I use, but there are many other options that are just as good like TD Ameritrade, Robinhood, and E-Trade. The company brokers stocks, options, futures, EFPs, futures options, forex, bonds, and funds. I'm also not trying to time my clicks to maximize returns so if you are maybe it's not the best option. With a booming retail trading market, more people are trying to leverage options flow to gauge market sentiment and get ahead of others. And I already saved a good amount in ETFs. It's easy to use and good UI for this purpose but most conventional option strats (involving selling) will not work. I have a full time job that makes me okay money. I appreciate you trading with Fidelity! Options trading entails significant risk and is not appropriate for all investors. Been options trading for a year, profitable the last 6 months Welcome to FXGears. "My experience trading options" is not the same as "my experience gambling on options". I've been selling small calls on stuff I intend to keep long term. The Tastyworks mobile and desktop platforms are great for options. Yes I use an Option Alert service, even though I was a Personal Financial Analyst for 13 years, I am not an Expert on Option Trading, and can keep my Hubris under control, which is why most people fail at Option trading, because people think that they are Smart enough to pick the Option Contract that is going to perform for you. In this post I go into detail on 1) what a trading edge looks like 2) how to build a strategy 3) an example of executing a strategy. Options approval decisions are based on your trading experience (including experience trading stocks/ETFs, mutual funds, bonds, etc. Do not trade too many stocks at the same time Know your charges very well — The taxes, the brokerage, etc Thank you for the thoughtful response. Virtual Trade: Virtual Trade is a free, web-based options trading simulator that allows you to practice options trading without risking any real money. 2) Trading options is trading options. Very detailed screens show all options available to choose strike price and date. Images and links are not enough. CBOE OPTION SCHOOL - FREE TASTY TRADE OPTION SCHOOL - FREE OPTION ALPHA VIDEOS - FREE PERUSE VIDEOS/PRESENTATIONS @ OIC/OCC - FREE Re options and value theme, there is one book that tries to cover both angles - INTELLIGENT OPTION INVESTOR . Do not trade all the time. True, I think the real money losing part about options is not the knowledge, understanding option fundamentals is the easy part. " Extended-Hours Trading. Follow price action and trade options that have liquidity. Options flow has gained great traction over the last few years. I'm looking for recommendations on a service I can use to purchase options for my personal investments. But that is still extremely costly when playing spreads. Unless you're using the option contracts to actually sell or buy a stock at a price that you actual want to enter or exit. So Gambling. I am looking for any recommendations from anyone that may use one. My strategy involves selling only one contract at a time, focusing on options from the top 10 NASDAQ stocks. com, a trading forum run by professional traders. Tho I would suggest looking at selling premium with options instead of making directional bet. Hello. I currently have a brokerage account with PNC bank. I think your referring to naked puts and calls - "uncover" To get access to trading naked positions, you must pass knowledge tests and then get approved by CMC. Certain complex options strategies carry additional risk. Are there any options trading subscriptions with alerts that y’all had good experiences with. 50 cents with no cap I’m gonna move to robinhood any day now for options. If you want to trade options, stick to US markets. My advice would be to practice (think or swim and E*TRADE has paper trade options) Do not trade earnings or major upcoming events due to IV crush. A lot of people are getting into options, whether its theta gang or long directional option trading. If it has the capacity to also allow trading of index funds on the same account (e. My warning to everyone is that don't necessarily fall for option trading services/rooms specially when they don't list an accurate trade log and PnL account performance. But what should I put for numbers of option trades/month and avg dollar amount for those option trades i dont know what would be a reasonable lie i day & swing trade single options SPX, QQQ, SPY. Fridays are for buying, M-W are for selling. While chance plays a role in both gambling and trading, options traders have the ability to research and evaluate information that can potentially increase their chances of success. The platform includes a wide range of options trading tools and features, including the ability to create and test options spreads. Choose the order under the "Trade Type" menu Options trading entails significant risk and is not appropriate for all investors. Any recommendations would be greatly appreciated. I still have my RH account and instantly got approved for Level 3 options trading. land and spotgamma to help build a trade plan. I would say the desktop platform is not suited for beginners, but the mobile platform is very user-friendly. When I was newer I joined a few facebook options groups related to what I wanted to learn as there are seasoned traders who didn't mind sharing their trade plans. Don’t buy contracts that expire in a week or less. " A lot of people are getting into options, whether its theta gang or long directional option trading. 65 cents a option. m. Fees suck at $33 plus ETO fees on each leg. 818 votes, 152 comments. As an official Fidelity customer care channel, our community is the best way to get help on Reddit with your questions about investing with Fidelity – directly from Fidelity Associates. Supporting documentation for any claims, if I use CMC often for trading options - its a fairly reasonable platform and does the job. Then do this so you have time to let your trade play out. The liquidity is garbage and not worth trading IMO. , ET. You pay x amount per month or year, they give you their watchlists, notifications on hot options, etc and you all make money together. Many people blow their accounts trading options. Go watch videos on youtube if you wanna learn how to trade options. qfvobfn zuop manysza rjs qcohv grc opys unjl khca bfvm