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Options Broker..
Posted: Tue Sep 07, 2004 2:29 pm
by KBAM
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?
Posted: Tue Sep 07, 2004 3:23 pm
by Demon
Sounds like you wore a boiler suit to work...
No...no boiler suit
Posted: Tue Sep 07, 2004 3:32 pm
by KBAM
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?
Posted: Tue Sep 07, 2004 4:27 pm
by Demon
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?
Posted: Tue Nov 02, 2004 9:55 pm
by BARLI
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
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