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Improve Spreads on Options


Guest Hywel

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Can you improve the spreads on the options products please? I just sold a Call and a Put in the SP500 in Feb, £10 point and I know it'll cost nothing to close but as soon as I place the trade I'm £30 down. The only reason I didn't place it with Interactive Brokers is you need a minimum £10000 account size. When TastyWorks starts accepting international clients at the end of the month and has a minimum account size of £2000, the same trade will cost me $2 to open and nothing to close. Thanks.

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Hi , thanks for the post.

 

There's a fairly complex algorithm as to how we price our options, and we'll then wrap our spread around this which is determined by our volatility desk and by general business decisions, so I'm afraid we would not really be able to change the prices you see for the calls and puts on the platform.  We can't comment on how other providers may price similar markets, so apologies you're not fully happy with them.  I can certainly pass on your feedback to the desk!

 

Thanks,

Hannah

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