Matson125 Posted November 12, 2009 Share Posted November 12, 2009 Hello All, To all the Canadians on the board, I was looking for the cheapest way to sell puts with a discount brokerage. I am currently with Scotia Itrade (formerly Etrade Canada) and I pay 9.99 + 1.25 per contract. Does anyone on the board use a brokerage that can beat that? Cheers Michael Link to comment Share on other sites More sharing options...
RichardGibbons Posted November 12, 2009 Share Posted November 12, 2009 Try Interactive Brothers -- they're $0.70 US or $1.50 Canadian per contract. However, there's a fixed monthly cost for quotes if you don't exceed a certain minimum commission level each month. Link to comment Share on other sites More sharing options...
bargainman Posted November 12, 2009 Share Posted November 12, 2009 You can opt out of their quotes charge (at least you can in the US). In that case they have a $10/ month minimum in general. That said their commissions are so cheap that it usually doesn't matter. If you want free quotes and are a less frequent trader you can also try thinkorswim.ca, although it looks like their commissions are higher in Canada than the US. $1.50 per contract with $7.50 minimum per trade (spreads - each leg represents a trade). IB also has free, yes free, assignment and exercise which rocks. Link to comment Share on other sites More sharing options...
arbitragr Posted November 12, 2009 Share Posted November 12, 2009 I like optionsxpress. they specialize in options. not sure if it's cheaper. but they have lots of analytical tools and choices for options traders. Link to comment Share on other sites More sharing options...
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