A new option's broker, OptionsHouse, now has the lowest commissions of all the option brokers. They are charging only $9.95 for each trade and nothing for each contact. If you trade 10 contracts, 20 contracts or 100 contracts per leg your total commissions is only $9.95 and nothing more. A credit spread trade is two option legs and costs only $19.90 no matter how many contracts are traded. This is a significant savings if you are trading 5 or more contracts. When you are paying only $19.90 per credit spread trade, or $39.80 per completed Iron Condor trade, you can easily afford the $29.95 subscription fee. I am very pleased that this broker has come along because I want my subscribers to earn a maximum net profit on each trade.
I am setting up a trading account with this new broker this month and will be creating Flash movies to illustrate how to order, protect and close Bull Put and Bear Call credit spread trades on the NDX, SPX and RUT stock indexes.
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