Options Broker..

Discussions about brokerage firms for futures, stocks and other tradeable instruments.
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KBAM
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Joined: Tue Sep 07, 2004 2:22 pm

Options Broker..

Post by KBAM » Tue Sep 07, 2004 2:29 pm

Used to work for an options firm..
We charged 195$ per option RT..
Now that I am out of the option broker biz, I wonder how fair this is..
Any comments?

Demon

Post by Demon » Tue Sep 07, 2004 3:23 pm

Sounds like you wore a boiler suit to work...

KBAM
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No...no boiler suit

Post by KBAM » Tue Sep 07, 2004 3:32 pm

Actually was very legit place to work..
Just a weak trader, aggressive selling, although it was by the book and never broke any rules...
The question is, again, do you think charging that kind of commission is fair?
Obviously, if you are making money, it's OK....
BUt when you are losing all the time, it just doesn't seem right, right?

Demon

Post by Demon » Tue Sep 07, 2004 4:27 pm

It sounds like you've probably answered your own question. I think what you should probably be considering is whether or not it represents good value. What service did your clients receive?

BARLI
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Location: USA

Post by BARLI » Tue Nov 02, 2004 9:55 pm

well for your consideration, i pay at Daniels Trading 40$ RT for options and i am not happy with that. you can compare to what you used to charge :lol: see when you pay 195$ for 30$ sugar option i don't think it is fair at all, and it's very hard to profit short term from option trading with such commission rate

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