3 ms·
While technically true, I wonder if people care much about a $1 fee on an entire contract (100 shares).
by alasdair_ 6y ago
While technically true, I wonder if people care much about a $1 fee on an entire contract (100 shares).
- koolba 6y agoI guess if you’re buying lottery tickets at $.01-$.02 per contract it’s be a 50-100% change in costs.
- jb1991 6y agoMost of the time you'd be trading more than one contract, though. Say you want bet on cheap out of the money options, you could easily see a commission of $10 - $50 on a single trade if you buy up a bunch of them.
- ll931110 6y agoThe fee can still be very significant, especially once you engage into complex options strategy (e.g. call spread / put spread / iron condor). That tends to trade in significantly larger quantity (e.g. you can have a 50x call spread), in which the fee is now $100 ($50 for buying a call and $50 for selling another call).