What platforms do you guys use to trade Options? IBKR?
Options Q&A and Discussions, Covered calls, protective puts...
Options Q&A and Discussions, Covered calls, protective puts...
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Oct 31 2021, 09:54 PM
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692 posts Joined: Oct 2006 |
What platforms do you guys use to trade Options? IBKR?
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Oct 31 2021, 09:54 PM
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QUOTE(icemanfx @ Oct 31 2021, 09:18 PM) Unlike brokers, investors don’t necessarily benefit from frequent options trading. Research has shown that people who trade options typically have worse returns than those who stick to stocks. Options have very high bid-ask spread. Bad for traders, good for platforms/market makers.https://www.wsj.com/ |
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Oct 31 2021, 10:22 PM
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QUOTE(icemanfx @ Oct 31 2021, 10:06 PM) Robinhood reported last week that it made $164 million from selling options order flow in the third quarter, more than triple what it made from such payments tied to stock trades. The firm has said around 13% of its customers trade options, meaning the higher options revenues come from a smaller slice of Robinhood’s user base. Agreed. .... For example, the average spread in Apple shares was about 1 cent in September, while the average spread for Apple options was about 14 cents, according to data provider MayStreet. From the same article. But there are still ways to make income/hedge/speculate/cover risks using options. Options can also be applied to cryptocurrencies. But like TS has said, beware newbies |
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