Etrade for options reddit. Fidelity currently has a 20k minimum to sell puts.

Etrade for options reddit Both web and mobile. " When I swap the Lots in the "Gains and Losses" page, E'Trade's system again OVERRIDES my selected Lots and reverses them within a day. If you fail to provide sufficient time for an E*TRADE broker to assist, your expiring options may still be exercised. Call options, or just "calls," allow the holder to buy at the pre-determined price and are the options equivalent to simply buying or longing the underlying stock. However since your options came itm after hours they automatically didn’t exercise them hence that message. Also I listed 5 years of options trading. I can do pretty much any long strategy without margin which includes buying uncovered calls and puts. Everything on the charts and watch lists just stopped. Since the money is outside of an IRA, you could open an Etrade brokerage account and buy a Money Market Fund paying 5% while you consider the options. Let's continue to blame the pandemic y'all. Even: you are not willing to pay or receive. 50 for each contract. Which with E-trade means pretty much trading large cap stocks Most others still require 100% margin coverage. What is important to understand, and the ACTUAL beginner option pricing model to follow is, options price move with stock price (delta), the longer it takes for your option to be in the money the less money you can sell it for (theta), and the more the price moves around, the more you will have to pay for options (volatility) The ETrade reps themselves have to use the same BDP, if they invest their own money. Being able to sell uncovered puts is a requirement. I tried using ETRADE Pro and it was too glitchy and I got annoyed that it wasn’t saving my layout after spending tons of time customizing it! Been trading options on Power E*TRADE and been mostly content. Theres a considerable lag. 5 years now & am most UNimpressed by its customer service - even for so-called "elite" customers. Then you have Etrade , Ibr, but I do not use them, and wonder on their option support. MS/ Etrade are incorrectly interpreting 1256. E*Trade I believe. Options on futures are mostly similar to SPX options but they have different multipliers according to the size of the futures contract (vs. The number entered is lowest you are willing to receive. Tasty also known for options, $1 to open free to close. com. Eventually I pulled out the money I made and stopped trading options all together. theta is basically the extra value an option has based on time. I want to be able to use options spreads and what not so I can lose my money faster and go into debt, but they wont let me and I'm not sure why. g. Fast forward to today and I’m looking to get into it again. Call us back next Tuesday. by number of daily average revenue trades. The desktop ETRADE PRO has a slightly outdated look but offers all the features TOS has except OnDemand. Power eTrade was OptionsHouse's platform. 2 Tos has great options support, 65 cents per option to open and 65 to close. Let's Talk About: Exchange Traded Financial Options -- Options Fundamentals -- The… I use E*Trade for my dividend investing but I also have a Fidelity account and my Roth's there. If I believe a stock currently trading at $100 a share is going to drop to $50 a share, I can buy a put option but I don’t get the difference between sell open and sell close. Furthermore, do I need to own the stock at all to buy a put option? Next question with the same scenario as above. Thanks for sharing your experience. The underlying shares are unaffected by the option itself being bought or sold (the option is a contract only), unless the option is EXERCISED: then, the option contract is closed (deal done) and underlying security exercised. etrade. I came across this. Gave Etrade a call and they were pretty clueless and tried to reassure me that the stocks now not showing as enrolled were still part of the DRIP program. it's harder to get approved for portfolio margin on etrade, reg t margin is easy. No Greeks, just plain leverage. Chat fails to work a lot. Etrade gives you options. The options chain will show delayed data unless you have the real time streaming quotes on power ETrade. If you have proper risk management, use margin to sell options give you interest-free leverage Net Credit: you GET money for the position. There was no real reason for this I just did. Sure if you do a lot of options in a month Tos will lower it, but expect to still pay 50 cents. Before it is said, I understand that people trade options contracts and don't typically exercise. Jan 26, 2025 · Power E*TRADE vs Thinkorswim (Etrade PRO vs TOS): compare charts, stock broker mobile platforms, online trading fees. The rates of the in house SWEEP accounts are exceptionally low - so I considered using a Vanguard or similar money market - but hate to pay trading fees to put money into a low . You can use it as collateral to sell puts on stocks/ETFs that have low or even negative correlation with AAPL such as VIX puts. And of course, r/options. OptionsMonster bought OptionsHouse to get that platform, and eTrade bought Monster to get the platform. Our goal is to help Redditors get answers to questions about Fidelity products and services, money movement, transfers, trading and more. Anyway, now that paper-trading has become mainstream and online options trading is widely available, I'd like to jump back in with $10K and put it to work. i know etrade is more geared towards trading than fidelity is but im done with buying and holding for 99%+ of my portfolio and then trading the remaining 1ish% and continually losing the 1% again and again then loading in more money and doing it again. Perfectly fine trading platform - easy to use, has enough information for my purposes and I'm an active trader. I’m currently thinking of picking one of the following: Charles Schwab, SoFi, E*trade, or Fidelity Does anyone here have experience using any of these brokerages for trading options, specifically in Roth IRA accounts? It is often best known for its trader workstation, API's, and low margins. i’m opening up somewhere else instead i can’t do this. Overall, disappointing. In this example, I'm selling a $122 put and buying a $121 put. There is an option index thats passed onto us 57 cents per spx contract, then you have to add on the etrade option fee on top of that. I read that etrade offers free level 2 market depth data if you have a qualifying account, but I don't see it under my subscription options. " For long positions - Long equity and index options that are $0. Bid and Ask prices are based on the actual bid and ask prices of orders on the market. TDA/thinkorswim and Power Etrade are the ones I'm talking about. S. 22 votes, 75 comments. POWER E*TRADE online is easy to navigate, is feature rich so you can get support, place orders, chart, options charts (not spreads), and even level 2 quotes from the free exchanges and has good speed and accuracy. Two days later, Etrade rejected my upgrade request and kept me at level two. It’s pretty good for options and the pricing is competitive with discounts the more you trade. The Morgan Stanley statements are a mess compared to the clarity of the e-trade ones. They started trading last Thursday, and E*Trade finally got them added to their option chains today. They both use Schwab Index mutual funds, so for IRAs it is a tie. 95 a trade(Buy or Sell). I have hundreds of options trades in the past year. US equity options are American style meaning you can exercise them early if you want. It used to be OptionsHouse - a smaller broker out of Chicago. Employer options are not 100 share contracts and you can exercise 1 or many. Once you have an account, log into your chosen E-Trade platform. 50$ per a contract however I am still getting charged . ---- Also: don't think of the option (the contract) being tied to one person's lot of stock. That was over a month ago and after hundreds of options trades, I urgently wanted to get level 3 but couldn’t submit another upgrade request because I’m locked out. I'm not sure if it's a related issue, but E*Trade's option chains were missing the last issued equity monthly options for the last several days. When I exercise on IBKR it takes overnight for it to be reflected in my account. My transactions have no fees anymore (used to be $8 ish per order). Options So getting started, options and contracts for difference (CFDs) are both financial derivatives - they derive their values from an underlying security e. Webull doesn't have a time limit on trading and has an option to turn on DNE for any option (the easiest of them all). At the same time, after the merger, my company moved the stock program to Fidelity instead of Etrade. A 2% max loss per trade? A once in every 10 years risk of loosing 50% of your portfolio? Then you look at the options or option strategies that fit this risk constraint. been using etrade for a little over 2 years and thinking of switching to fidelity. Its like something is broken in etrade. You should understand that options are all about evaluating risk. CFDs vs. Reply reply Top 6% Rank by size it’s been like two months and E*trade still has yet to approve my account for trading. A chat agent once told me they stopped supporting that last year but why is the "email support" option and my inbox still there? Hello all - I'm attemping to get my eTrade account approved for options trading (level 2) and it was recently denied. Etrade gives you free real time quotes and most equity trades are commission free, options at . I have a lot of uninvested fund sitting on the sideline while I am selling options, so it would be great if I can earn some interest on that fund. Didn’t know ETRADE sells your order flow like RH. I ended up with etrade when they bought OptionsHouse. Open an E-Trade Account. If buying only one low cost per share ETF in a taxable account, E-Trade's automatic monthly investing in whole shares isn't bad. Reply reply I use eTrade also and use Power etrade to watch charts, modify trade etc but also leave the Brower up to check positions, initiate trades etc. The E*Trade site also has recurring scheduled weekly live market reviews and education sessions using the tools. I’ve also tried a couple of basic options trades and I don’t remember there being a fee (I may be wrong, it’s been a while). Goals for the next year: Become confident with a few more strategies Develop realistic backtesting software for strategies I use Finish reading Option Pricing and Volatility (Natenberg) Read Trading Options as a Professional (Bittman) Seek mentorship Don't make any clearly boneheaded trades I would suggest either fidelity's web based site as it has a very intuitive UI they implemented a few years back for basics options. I do like ETrade’s power ETrade platform more than TD’s think or swim platform. Noone replies to email. And money can be transferred to your local bank in 1 day's time as well. I started joining these recently because I want to learn about Options trading, these are free and most don’t even require an account. Options/CFD trading is a high-risk activity and most retail traders lose money. Hello everyone. I spoke with someone and they would not give me a reason, or any indicator of what the criteria is. 10 so I use that as an exit number if I get 818 votes, 152 comments. That sucks. 2M subscribers in the options community. I also have my options contracts down to $. If you don’t have funds then your account goes to close positions only till you talk to the risk management team. stock, indices, currency, commodities. Nautical context, when it means to paint a surface, or to cover with something like tar or resin in order to make it waterproof or corrosion-resistant. It looks pre historic compared to etrade. As you said, account view seemed to get updates so it wasn't as catastrophic as it could have been. Now to choose the offset preference go to your Etrade account -> At the top click, on your user icon -> Account Preferences -> Scroll down to Cost Basis section -> Lot Selection -> Click on Edit to choose your Lot Selection FIFO or LIFO. I have accounts at Etrade and TDA (soon to be Schwab) with the ThinkorSwim platform. Please first read the Mint Mobile Reddit FAQ that is stickied and linked in the sub about and sidebar, as this answers most questions posted in this sub. The order ticket even if you’re on delayed quotes will always show the real time quote, you just have to manually refresh it. The other 5 basically disappeared. i want to go completely to buy and hold but the thing thats Options on ETFs are generally not considered section 1256 property. On the E-Trade application, the No button is already checked indicating I do not want elective deferrals permitted under this plan. " So the OCC appears to be the problem (as several including a few mods pointed out in the discussions). Thanks. I had problems with Etrade Pro running slow and or locking up so I called and asked for help. You can get TD to get them to drop theirs but you have to ask. Since then I still haven’t dabbled in them yet only because I’m not sure exactly how to execute, let’s say a call, correctly. I do everything from simple long/short options to iron butterflies and calendars. While it will provide investment advice - at a price - I wouldn't trust it. I got a notice that I qualify for reduced option fees of . 66 cents per a contract. Government Money Market Trust as a sweep option, which seems to be the only cash sweep available for E*TRADE investors. Learn all about options trading on E*TRADE, including award-winning trading tools, Dime Buyback Program, 24-hour service on futures, pricing, and more. 50. I have been interested in learning how to buy options using E*TRADE. Plus ETrade charged me double $75 transfer fees. I actually use both interfaces at the same time. 70 for *each* of the 100 underlyings that the option is on: in this case $170. Can anyone give… Ahoy, traders. Robinhood is a great product for getting started investing, but it doesn't have many of the advanced features you would use as an active trader. I’ve never used TOS but I have E*TRADE. Use the Power E*Trade app or the Power E*Trade web browser platform. Given interest rates are rising and the high valuation of the market - I wanted to better understand my options for a sweep account / sweep alternative within ETrade. I have both and no complaints on either end. Selling naked options is dangerous only if you don’t practice proper risk and position management. r/etrade: The unofficial sub for E*Trade. If you would like to select a different lot, please place your trade on the E*TRADE Website. Does anyone know whether etrade really does provide free level 2 data without paying for a subscription, and what the account requirements are? thank you Futures contracts are very different from options. OTC trade fees are $6. The cost of the option at market, or in your case, limited to 1. They are just very well hidden. An out of the money option expiring tomorrow is generally going to be cheaper than an otm option expiring in a year, because there's a lot of time for the 2nd to go in the money. Fees are very far from non-existant. s. I'm with etrade and I was cleared for level 2 option trading right away. E*Trade actually reflects it in your account within a few minutes. Fidelity currently has a 20k minimum to sell puts. Let's Talk About: Exchange Traded Financial Options -- Options Fundamentals -- The Greeks -- Strategies -- Current Plays and Ideas -- Q&A -- **New Traders**: See the Options Questions Safe Haven weekly thread We would like to show you a description here but the site won’t allow us. It wasn’t until 2019 that I heard about options, what they are and how they work. 1 Index options are typically cash-settled, and will only be exercised if it results in a payment to the option owner (no action needed). First I apologize if my question is asked daily. I've been self-directed with ETrade for 2. Here… Etrade sucks with their margin calls. So our stock was delisted and converted into the company stock that acquired us. I was able to select 'Yes' (Option 1) and 'Yes' for Suboption (a). FWIW, cash accounts can trade options but cannot open positions which might require margin. FTFY. I also use a modern, reliable rig for trading. e, account balance minimum) for lvl 3/4 options. Even the options pricing in the chain is not updated real time sometimes. With markets closed today, I figured I'd sit down and take my time to share some of my tips for (options) day-traders. I think both are pretty similar really. Is that correct? That was not the case when I completed two applications. There is much less transparency after the merge and fewer perks with worse customer service. The 3rd on will stream real quotes on Power ETrade but it will cost $3 month OR free if you have $10,000. 45 now and it is free to close short options when they are under $. Absolutely insane, not even 12 hours since this post not only has the options approval not been given an answer, but the account has been frozen because I logged in using a VPN. 50 if you trade more frequently I recently purchased a protective put on a stock I own, and simply want to know how to exercise it using Etrade if it goes in the money. The most real time price seems to be when you place a bid and you set your options price. It's an automated trading software designed specifically for E-Trade users, aimed at helping you execute trades based on custom strategies, automate position sizes, and manage your portfolio with ease. This is obviously not correct. E-trade gave me level 4 by answering my initial question, aggressive and speculative. To trade futures options, you’d need to be approved for futures and level 4 options then special futures options approval. Hi y'all. I don't see why you can't get approved for that. 65 or $0. In the old option snapshot page you can find the option Greeks at the bottom of the page. You’ll have three account options to choose from — get the brokerage account to start trading. So I choose "net credit" and whatever price I set, I will receive that amount of money (if my trade executes), less the commission. 01 or more in the money will be automatically exercised. The company brokers stocks, options, futures, EFPs, futures options, forex, bonds, and funds. So with a sub-six figure There are two types of options that you can trade, which are call options and put options. Except vanguard website and app sucks. Then, eTrade bought out OptionsMonster. I like Fidelity because you get first thing morning access to your dividends/distributions whereas E*Trade 24 hrs later. However in the new option snapshot page (accessible by clicking on the details link on the option chain page), there is no option greeks anymore. Only reason to get level 4 is so you can do Naked Puts primarily. They were then acquired by OptionsMonster. Here is an example of the form on the brokerage I use - E*Trade. Haven't had to use phone support yet. Power E*trade is actually an acquired product I've been using for years. Although payed exists (the reason why autocorrection didn't help you), it is only correct in: . Hello, I sell a lot of options in my E*trade account. I’m looking to open a Roth IRA account through which I also plan on trading options to make use of the sweet tax-free gains. To be clear, both TDA and Etrade have two platforms each. Account has around 8k and Im cleared for margin. Previously they had the JP Morgan Money Market sweep, which I used on all accounts. I am looking into opening a joint Etrade account that i would like to trade options in. 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. The $122 put costs more than the $121 put and so I should receive money to do that. Set your columns to show you your net cost basis and your Open Net Gain. Any instructions submitted to E*TRADE by telephone are processed on a best-efforts basis. I just moved 5 custodial accts from ETrade to Fidelity, 2 of them still haven’t transferred fully since Dec. I have been trying to upgrade my options clearance on Etrade for months to no avail. I So a little while ago, about 1-2 years I began options trading on Optionshouse which was bought by E trade. 50 after 30 trades. You can exercise early on E Trade. I only checked into those three as I use them too. Once they closed my positions with erratic margin call with enough funds in account and very next day I have way too much idle money in the account just prove that call is glitch. The money will grow and it can be withdrawn in 1 day's time. The order fills if the option prices move in such a way that the price can be reached. 13! Each time I call, the customer service rep gives me a different story, 3-5 days, 7-10 days, call back after 10 days, nope, now it’s twice a month. Curious as to what etrade has. I noticed this behavior in both Power E*Trade and E*Trade Pro today. Turns out you can increase the amount of memory devoted to the platform by using the tool at the login screen. 00 The commission: this is either $0. So, Power eTrade (the original OptionsHouse platform) was literally built for options traders. It operates the largest electronic trading platform in the U. Has anyone used the E*TRADE options strategy builder ? In theory, it seems easy. And E*Trade drops your commission to . There is also a $38 fee if a stock you own does a reverse split, share buy back, and a couple other things but I can't remember if the top of my head what those are. I’ve continued to check and they have yet to reappear. I've tried finding help on the etrade platform itself and it's just useless. I haven't traded very much on eTrade but have maintained at least 500k in stocks and Mar 31, 2023 · How do you start trading options on E-Trade? Here’s a four-step guide: 1. I know margin changes day to day and even intraday. I been a Etrade customer for many years, is a big deal if other companies will pay me interest on my uninvesed fund in the current market. E-Trade is just as good for Option trading and they offer a far better savings account. E*Trade is for self-directed investors. I just called and got my options contract reduced from 50 cents to 10 cents per trade. I traded options back in the dark ages, when only one or two companies offered online options trades and paper-trading was offered by one company. When I was trading options on E*TRADE, I think I listed my net worth etc as the min whatever it was and didn't have a problem. but i paid 2400 for . An ETF is an ownership interest in an entity and thus a ‘stock’ as that term is used in 1256 Hey r/etrade community!. What platform do you use? I am using E*Trade, and it charges $0. I have had multiple accounts with eTrade for over 2 decades. Yes but I only buy or sell options with the same symbol that I have and with the same quantity that I have, 100 shares equal 100 options, this are much of money to start If I can have 10 shares to start the operation I could think it It is a guide on how to start options trading from the UK. E-Trade is for more active traders that need a variety of real time data streams, and different investment options. 2. For option trading and savings accounts, E-Trade wins easily. Which is better? E'trade's app has a virus and their overall system a major COSTLY glitch - When I try to sell specific Lots, the APP overrides my selected LOT then proceeds to randomly Sell a "First in First Out. Let us know what support said. The way you trade options is that you first assess what kind of risk you are willing to take. It's difficult (and I won't use it) for any complex trade, and it's difficult for simple trades. Everything takes for ever, realized /unrealized gains are not updated till end of day, balance values are as of close previous day, linked accounts don't update as frequently, login times out periodically, adding external banks takes for ever, adding second bank is disabled for 3+ weeks after adding the previous I have a strictly long portfolio on Etrade and will occasionally buy/sell a stock or an ETF. This sub is "semi-official" in that Official Mint representatives post and make announcements here, but it it moderated by volunteers. If you want something more complicated like condors, you'll either want to their their active trader pro platform or use power etrade, this was the options house platform that they acquired a while ago because it was basically the best options platform aside So, I've been trying to learn more regarding how E*TRADE handles options positions. The implied leverage is drastically higher and the pricing/economics is very different. E-Trade though, states that they have the right to start mitigating your potential loss if the security is close to ITM in the last 2 hours of trading. 1. They typically give you a week to work through margin calls. Something like SCHB or DGRO are both under $50 per share. They all used to be in sync. But with E*TRADE if it closes itm even one cent and you don’t call and cancel by 530pm they exercise them. This can make a big difference if you like to re-invest your divvies in different ETFs/Stocks to leverage market timing. The order will fill if the options prices move in such a way that you take take the position for no cost. I’ve done it a few times. Both E-Trade Web and Power E-Trade offer options I use Etrade. Also, a little miffed it took them way into February to kick out tax documents and they missed their own deadlines for doing so. For reference I recently made a large deposit and through the first 7 months of the year had 2466 dollars worth of commission and fees in my account. How difficult is it to be approved for options with etrade? I have an account with fidelity with about 15k in it and I have traded options before, but fidelity said I don't meet their "financial requirements" I'm not really sure why because I only want to sell covered calls, and I have a pretty good net worth and liquid net worth for someone my age. The message says E*TRADE only takes two upgrade requests for a 90 day period. Log in to the E-Trade App. What are the account requirements (i. at this point, how i do take my funds out of my brokerage and back into my bank account. Hi everyone I am wondering how day trading works on E*TRADE and don’t really understand if I would have to switch my account level or anything to day… I'm a dinosaur who has had an account since e-trade started and still gets paper statements. the standard 100x multiplier on stock/index options) and they tend to have wider bid/ask spreads because they're traded less. Your net cost basis will be what you paid for the option (or stock) + commissions and fees, per share. I have been in contact with several customer service representatives and no one seems able to advise how to link to the Morgan Stanley U. Stick to SPY options until you’ve spent the required (like hundreds) of hours learning to understand futures and then futures options. P. Now, when I go to Etrade to sell my new stock (previously the stock of the company that got acquired) all the cost basis is $0. I'm excited to share a Python project I've been working on called "ETradeBot". 470w501m3. Etrade let’s you choose sell open or sell close. I don't like Etrade's mobile apps (either of them) for options. You should call E*Trade to figure out why you're being blocked on that. Others will let you know about Let's Talk About: Exchange Traded Financial Options -- Options Fundamentals -- The Greeks -- Strategies -- Current Plays and Ideas -- Q&A -- **New Traders**: See the Options Questions Safe Haven weekly thread Hello! I’ve been trading on E*TRADE since about 2015. My company’s platform also has a modeling function and is linked to E*Trade where you can model out what you want to do before you do it and it shows you what the outcome will be. There seems to be a new release in the past 1-2 weeks which brings in a new option snapshot page. That's pretty safe. Etrade customers are seeing this for the first time as a result of the acquisition of Etrade by MS and starting to call Etrade support. Choose whether you think the stock will go up or down, pick a time frame and BAM, here are your options (choices and trades); pun intended. ufxsiu uvp hwmsfn yka uulw wjjdg jrhix wcndde agw bwh tlydpy ftbxr teenlv gxnv aviyt