Jump to content

Improve Spreads on Options


Hywel

Recommended Posts

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.

Link to comment

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

Link to comment

Archived

This topic is now archived and is closed to further replies.

  • General Statistics

    • Total Topics
      20,032
    • Total Posts
      88,043
    • Total Members
      69,027
    • Most Online
      7,522
      10/06/21 10:53

    Newest Member
    daisycarro3
    Joined 29/09/22 05:18
  • Posts

    • PayPal Holdings Inc.,Elliott Wave Technical Analysis PayPal Holdings Inc.,(PYPL:NASDAQ): Daily Chart,September 29 2022 PYPLStock Market Analysis:It looks like we have a three wave structure to the downside which makes us believe the count is moving as expected. Waiting for confirmation level to be broken. PYPLElliott Wave count:{c} of 2. PYPLTrading Strategy:Lookinga break of the green line and then a three wave pullback. PYPLTechnical Indicators:We are trying to go back above the 20 EMA. TradingLounge Analyst: Alessio Barretta       PayPal Holdings Inc.,PYPL: 4-hour Chart,September 29 2022 PayPal Holdings Inc.,ElliottWave Technical Analysis PYPLStock Market Analysis:The most important thing was to count 5 waves into wave {c} and we can identify them. PYPLElliott Wave count:{c} of 2. PYPL Technical Indicators:Above the 20EMa and RSI made a bounce into neutral territory. PYPLTrading Strategy:Looking a break of the green line and then a three wave pullback.
    • The rally on Wall Street yesterday provided Asian markets with a reason to bounce, as oversold stocks and excessively bearish sentiment finally gave way to some bargain hunting among investors. The Bank of England's decision to intervene in bond markets yesterday provided the foundation for at least a short-term bounce, but whether it turns into anything more sustained remains to be seen. Longer-term of course, rates continue to rise, and the economic outlook remains grim, suggesting that earnings will keep coming under pressure. Thus while another 'bear market bounce' may be in the offing, the overall outlook still suggests that risk assets will struggle. Today sees German CPI and weekly US jobless figures, along with speeches from Fed members Bullard and Mester.   
    • For more up to date news on how markets will open, the latest earnings and economic news, watch IGTV live in the platform at 07:30am UK. Today’s coverage:   Relief for the markets as the mighty USD saw one of its biggest single day declines since the early days of Covid Indices: New lower lows and a mini capitulation for most markets before a rebound. Europe expected to open up. APAC all higher FX: USD weakness unwinding a small degree. EURUSD awaiting German inflation expected to tick up by a margin of more than 150bps to 9.4%’ GBP weaker again  Equities: Toyota global vehicle sales up 44.3% in Aug, a record for the month Commods: Pretty much all of the commodity complex showing an upward retracement in the wake of that weaker USD. Today a small drop apart from oil which is holding Wednesday’s gains      
×
×
  • Create New...