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Old 05-22-2017, 09:43 AM   #1
barn32
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luv, B, 2, June, 23, 58.5, C, $1.60, .09, $320.09

[Southwest Airlines, bought, 2 June 23, 58.5 calls for $1.60, commission .09¢, total cost $320.09]

https://www.screencast.com/t/WTTgDv5A8

Last edited by barn32; 05-22-2017 at 09:45 AM.
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Old 05-22-2017, 09:47 AM   #2
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Good luck! Luv the thread.
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Old 05-22-2017, 04:15 PM   #3
AltonKelsey
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9 cent commission? Really?

I guess it might be possible if there was a rebate. Was that the case?

Last edited by AltonKelsey; 05-22-2017 at 04:16 PM.
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Old 05-22-2017, 06:15 PM   #4
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Originally Posted by AltonKelsey View Post
9 cent commission? Really?

I guess it might be possible if there was a rebate. Was that the case?
Yes.

Actually, I had the same question when I saw the commission, because I had never seen one quite that low before. I called them and was told it depends somewhat upon the exchange it was routed through (in this case PSE), but more importantly it's whether or not you are providing liquidity.

Since my bid for the option was under the market and the price came to me I was providing liquidity--hence the rebate. Otherwise, such as in the case of a market order, the commission would have been appx .85¢ or $1.90 total, $1.40 of which is IB's commission.

Here is a link to IB's commissions.
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Old 05-23-2017, 09:53 AM   #5
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https://www.screencast.com/t/tPwojE02
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Old 05-23-2017, 10:07 AM   #6
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https://www.screencast.com/t/hgb5JXQ9NXR
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Old 05-23-2017, 10:38 AM   #7
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Trades so far:

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Old 05-23-2017, 12:11 PM   #8
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abx, b, 5, June, 23, c, .20, $102.47
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Old 05-23-2017, 12:42 PM   #9
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cpn, b, 3, sep, 15, c, $4.93, $195.93
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Old 05-23-2017, 01:29 PM   #10
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myl, b, 2, June, 40, p, $1.14 .99, $228.99
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Old 05-23-2017, 01:48 PM   #11
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skx, b, 2, June, 23, 23, c, $1.45, $1.58, $299.58
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Old 05-23-2017, 02:24 PM   #12
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Originally Posted by barn32 View Post

Thanks, I've been an IB customer for 15 years or so. Yep. Maybe longer, you lose track over the millennia
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Old 05-23-2017, 02:59 PM   #13
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cxw, b, 2, sep, 15, p, $1.75, $0.09, $350.09
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Old 05-23-2017, 03:05 PM   #14
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I put on 10 trades today, and only 1 is winning.

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Old 05-23-2017, 03:31 PM   #15
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