Best (lowest cost) for 1 option: MyDiscountBroker ($14), InvesTrade ($14.95), Dreyfus ($15), Web Street ($16.70),
InternetTrading.com ($19.50), Wyse ($19.50), Preferred Trade ($19.95), TradeOptions ($19.95), Active Investor ($19.95),
Scottsdale ($21.60), Mr. Stock ($21.70), Investex ($21.75).
Best for 5 options @$3.00: InvesTrade ($14.95), Dreyfus Online ($15), Preferred Trade and TradeOptions ($19.95), Web
Street ($20.20), MyDiscountBroker ($22), InternetTrading.Com ($23.50), Brown ($25), Wilshire Capital ($25), and Mr. Stock
($25.20).
Best for 10 options @$3.00: Dreyfus (online) ($17.50), InvesTrade ($17.50), Preferred Trade ($20), Dreyfus (broker-assisted)
($29), Discover ($30), Wilshire Capital ($30), Wit Capital ($30), TradeOptions ($30), MyDiscountBroker ($32), Web Street
($32.45), and Brown ($32.50).
Best for Option Assignments, i.e., those who offer regular rates or less for options assignments: Trading Direct, Firstrade,
InvesTrade, Scottsdale, MyDiscountBroker, Dreyfus, and Mr. Stock.
Best for naked options: Dreyfus ($20,000 minimum); Regal ($50,000 minimum for puts), and possibly Waterhouse.
Best for spreads, straddles, strangles, butterflies, and other complicated orders: Mr. Stock, and Wall Street Access.
Firms which allow stop orders on options: Ameritrade, Dreyfus (call in only), E*Trade, Regal, Charles Schwab, and
Accutrade.
Firms which allow options in IRA accounts: MyDiscountBroker, Dreyfus, Ameritrade, and Brown.
This helps some.....but like Herm...I want to know if anyone of them will phone the MM while I'm on the phone to them...and confirm my limit order. Ameritrade did this for me once........
If you go with a "real" broker...Schwab maybe...will they do this?? |
