Your Questions About Best Option Trading Service

Sharon Your Questions About Best Option Trading Service

Sharon asks…

What’s the best online stock trading site? In terms of costs, speed, customer service, efficiency, etc.?

As in cheap or low cost per trade, low commission.

Fast, not taking too long to actually perform the transaction, if possible honoring prices they themselves gave.

Easy, not having to put a lot of info on each trade, if possible single click, and good friendly customer service

Offering the option to have cash dividends sent to your home instead of being reinvested.

I might also want the option to have the ‘paper’ representation given for stocks be sent to my house.
Also preferably no membership fee or annual fee if possible.

Mike cropped Your Questions About Best Option Trading Service

Mike answers:

You will hear everyone post what they currently use. I have been a member of most of them and I change brokers when a cheaper one comes along.

My requirements are that I am looking for cheap and that it can get the job done. I don’t want to pay for fancy charts or other unimportant things like that.

So I am with Zecco.com. There is no annual fee and a trade is $4.50. If you have the value of $2500 or more in your account (including cash of course) then you get 10 free trades a month. Can’t beat that right now

www.zecco.com

John Your Questions About Best Option Trading Service

John asks…

Who is the best discount brokerage company and why?

After answering the initial question if you have experience trading options with any of these discount brokers I would appreciate that information as well. I used to use a full service for my options trading though they were very expensive and had a different trading style than I prescribe to. Any advice is appreciated.

Mike cropped Your Questions About Best Option Trading Service

Mike answers:

Try Interactive Broker: stock and option trades are just a dollar. And you can trade most anything at their site, including foreign currency, stocks on foreign exhanges, futures, options, stocks, and etc. Also their margin rates are the lowest around.

Steven Your Questions About Best Option Trading Service

Steven asks…

Stock Option Recommendation Websites?

Which websites/services do you find the best when recommending option trading picks. I have used optionsmonster.com, and looked at optionsizzler.com.

Mike cropped Your Questions About Best Option Trading Service

Mike answers:

I subscribe to a daily webinar. Lots of analysis and strategy on investments using options. The website gives a 1 week free trial (no credit card required) if you want to check it out. The website itself doens’t offer a lot but the interactive webinars are very good.

Www.phunntrade.com is the website address. The webinars are at 9:30 every trading day.

Charles Your Questions About Best Option Trading Service

Charles asks…

full stock broker?

Member since: 19 November 2006
Total points: 176 (Level 1)
Points earned this week:
–% Best answer

bleusky88 s
S

Best full service broker for option trading?

I’m not sure whats option broker out there that really want to help me invest. I wish i can understand to do it myself but i just don’t understand it but really like to find a broker that really wanto to help me and not out for a money on from a small guy. I currently have OIO right at the moment starting out with 2500. and now it 2200. its been over four month now. Can some advice me to what to do. stay with them cause its only 4 months maybe they would change or should move on to a different full service broker out there or they all the same. I’m starting out small just for safety first. I really need to invest because my work is never stable. I really truely appreciate you help guys. thnx

Mike cropped Your Questions About Best Option Trading Service

Mike answers:

Thinkorswim has no clue what ETF’s are they think its pinksheet stocks stay away from them. If you are messing with options expect to lose even more money.

Sandra Your Questions About Best Option Trading Service

Sandra asks…

Question regarding options advisory service?

I want to know which of the following advisory services is the best:
* Anacott Investments Limited
* Big Trends*
* Disciplined QQQ Trading
* Glinser.com
* Grandslam Options
* Income Spread Trader
* Income Trend
* Index Trading Systems
* International Stock Report
* Investfit
* Investors Observer*
* Kash Kings Systems
* NOS Uncovered Options
* The Optionist
* Option Partners
* The Option Principal
* OptionSmart*
* Option Alarm
* The Options Report
* OTS Options Signals
* Schaeffer’s Research*
* SRS Market Research Services
* Stock Market Cash Machine
* Wicked Profits
* WiseOptions
Swaminathan P, can you please provide some links to the “scam” sites you are talking about? Thanks.
Note: the reason I use this list is because this is who I have setup for auto-trading with my broker OptionsXpress.

As far as my goals, they are capital growth with high risk tolerance. This would be a small percentage of my trading captial. However with most of these services you use iron condors and spreads, in which case $5000 per trade seems like the magic number to be worth the trading fees.

Mike cropped Your Questions About Best Option Trading Service

Mike answers:

Without comment on the quality of any on your list. It would depend on your level of trading, and what your goals are… That being said most if not all of the information in ANY market should always be taken with a grain of salt….

I will end with one bit of advice I gave some students at a speech I gave several years ago on the topic…

Trading is not easy, I spend 50+ hours a week if not more. Trust me if there was a way to do this for 30 min a day I would not sell it to you on an infomercial, I would be phoning my orders in from my house in the mountains.

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