IrishTxAggie said:
If you want to play a roller coaster for tomorrow, buy ACRS after-hours.
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What's the consensus on a small brokerage acct for options? Robinhood?
I'm just looking to practice options with a small amount of cash. I have Fidelity for the IRA's, but I would guess Robinhood is cheaper.
I'm just looking to practice options with a small amount of cash. I have Fidelity for the IRA's, but I would guess Robinhood is cheaper.
If you have more than $25,000 in your RH account than you won't be limited in the amount of trades you can do in one day. Under $25K is limited to 3 trades per day.
jmcfar_98 said:
If you have more than $25,000 in your RH account than you won't be limited in the amount of trades you can do in one day. Under $25K is limited to 3 trades per day.
3 day trades per 5 trading day period
tailgatetimer10 said:jmcfar_98 said:
If you have more than $25,000 in your RH account than you won't be limited in the amount of trades you can do in one day. Under $25K is limited to 3 trades per day.
3 day trades per 5 trading day period
Also, that's a FINRA rule, not a Robinhood rule. That will be a requirement no matter what broker you go with.
True.
OA - still thinking FEYE can push towards $20 by end of month? jan31/$20C are cheap after falling into the low $17s this week.
You can do a good deal of options transactions from within an IRA... just have to sign a few disclosures with Fidelity. They won't let you do the riskier things like selling a naked call, but if you're just dabbling, you shouldn't do that anyways.BREwmaster said:
What's the consensus on a small brokerage acct for options? Robinhood?
I'm just looking to practice options with a small amount of cash. I have Fidelity for the IRA's, but I would guess Robinhood is cheaper.
In my ignorant opinion, I do my active trading inside an IRA where I don't have to give a crap about short term capital gains and I do my more-traditional long term trading in my regular brokerage account to hopefully keep taxes at the long term level. Obviously if you want to be risky and trade on margin or do naked options then you'll have to do it the other way around.
chubbs07 said:
OA - still thinking FEYE can push towards $20 by end of month? jan31/$20C are cheap after falling into the low $17s this week.
I think it sparks back after the stupid analyst comments stopped the move short term.
Hey - I gave away my money on GOOGL. Ouch!
kylewhitener said:tailgatetimer10 said:jmcfar_98 said:
If you have more than $25,000 in your RH account than you won't be limited in the amount of trades you can do in one day. Under $25K is limited to 3 trades per day.
3 day trades per 5 trading day period
Also, that's a FINRA rule, not a Robinhood rule. That will be a requirement no matter what broker you go with.
Tda doesn't enforce it
This only applies to margin accounts.kylewhitener said:tailgatetimer10 said:jmcfar_98 said:
If you have more than $25,000 in your RH account than you won't be limited in the amount of trades you can do in one day. Under $25K is limited to 3 trades per day.
3 day trades per 5 trading day period
Also, that's a FINRA rule, not a Robinhood rule. That will be a requirement no matter what broker you go with.
fidelity is $.65/option
If you're just dipping your toes into options, I would fund a RH account since it's free to trade options until you have an idea of what you're doing. I still use RH for option buys that are under $.5.
Markets look due for a breather looking at past few months trend. I think a retest of S&P 3250 would be healthy for the short to medium term. If this thing keeps going it enters meltup territory which gives me flashbacks of January 2018.
deadbq03 said:You can do a good deal of options transactions from within an IRA... just have to sign a few disclosures with Fidelity. They won't let you do the riskier things like selling a naked call, but if you're just dabbling, you shouldn't do that anyways.BREwmaster said:
What's the consensus on a small brokerage acct for options? Robinhood?
I'm just looking to practice options with a small amount of cash. I have Fidelity for the IRA's, but I would guess Robinhood is cheaper.
In my ignorant opinion, I do my active trading inside an IRA where I don't have to give a crap about short term capital gains and I do my more-traditional long term trading in my regular brokerage account to hopefully keep taxes at the long term level. Obviously if you want to be risky and trade on margin or do naked options then you'll have to do it the other way around.
Best unknown secret for people who don't know a ton about investing. I use my rollover IRA from my last company to trade covered options to avoid the tax issue. I'm more active trading that one for sure since I don't have to worry about any taxes on gains. Covered calls in my retirement is my bread and butter. I stared doing they 3 months ago and saw my retirement rise 30% the last 3 months. Thanks a lot to this forum!
I would start with Robinhood but fidelity is good and if you can get active trader pro, it's awesome. No trade fees for either but fidelity May have a per contract fee although it's small if they do. For learning, you may actually want to try to get active trader pro first and do your options on there. It explains the situations to you for expample (if your stock goes above this price, you keep the premium and appreciation of the stock price up to the strike price). Pretty cool tool that helped me learn.
Does active trader pro have any mobile capability or is it desktop only?
covered calls in IRA's. Awesome secret indeed!
Hope for GOOGL Puts maybe
I want to say yes, but I don't have it. I am glad you asked because I will look into that. Fidelity's app is not as easy to navigate on moble as RH which is the downfall for me if I am out and about and monitoring an options position. I'll do some research in my free time unless someone beats me to it.59 South said:
Does active trader pro have any mobile capability or is it desktop only?
they have an app but it is not the same active trader proAggiesincebirth said:I want to say yes, but I don't have it. I am glad you asked because I will look into that. Fidelity's app is not as easy to navigate on moble as RH which is the downfall for me if I am out and about and monitoring an options position. I'll do some research in my free time unless someone beats me to it.59 South said:
Does active trader pro have any mobile capability or is it desktop only?
2nd week in a row where you could buy JD calls on the drop below big round number $38 last and $39 this and then make gains.
Any thoughts on LK? Think it continues to rise or does it level off soon? I've probably missed the bus on it but contemplating grabbing a few.
brew owns it. I bought some option and made about 200% and sold. WIsh I would have bought on the last big dip as it has rocketed since. I am watching closely to see what happends. It moves like ROKU.jarrod1208 said:
Any thoughts on LK? Think it continues to rise or does it level off soon? I've probably missed the bus on it but contemplating grabbing a few.
What does covered calls mean?
Aggiesincebirth said:I want to say yes, but I don't have it. I am glad you asked because I will look into that. Fidelity's app is not as easy to navigate on moble as RH which is the downfall for me if I am out and about and monitoring an options position. I'll do some research in my free time unless someone beats me to it.59 South said:
Does active trader pro have any mobile capability or is it desktop only?
Same for me. I do options on RH only because of the mobile ease (almost all trades are mobile for me) and they're completely free. Fidelity is slower and harder to use and .65 per contract. All other accounts are Fidelity which is why I ask. Have considered moving to TDA.
oldarmy1 said:
2nd week in a row where you could buy JD calls on the drop below big round number $38 last and $39 this and then make gains.
Yep. Do you think it takes a breather after getting to 40 or explodes? A little consolidation around 40 seems due.
Anyone like ROKU here? Bouncing off trendline formation.
i bought the 130 call on the flash down below 130.boyz05 said:
Anyone like ROKU here? Bouncing off trendline formation.
24k volune on SLV Mar 20 $18
I think Feb 21 is plenty of time for the move upward coming, but Mar 20 buying more time might make senseAgShaun00 said:
24k volune on SLV Mar 20 $18
IrishTxAggie said:$85.83 is the 50 day SMA. This PM action blew right past it. $100.40 is on deck and can come very fast. It hit $90 PM. I think once it overtakes that, it's off to the races.12thMan86 said:What do you think the short term upside is?IrishTxAggie said:This is going to close the gap. It had a 15 point gap from 85-100. Up 7% PM at 89.5IrishTxAggie said:Impossible Foods and MCD ended their agreement. BYND skyrocketing. There's a gap there people!!IrishTxAggie said:
BYND on a tear
Rumors on a WYNN buyout.
Clearing a lot of my open positions today -- good week, no need to get greedy
Bought some Jan 13 $326 SPY Puts. It's Friday and, as usual, if I lose the 34 cents on SPY puts it's because I'm making a much higher % gain across all holdings.
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