A new option's broker,OptionsHouse, continues to have the lowest commissions of all the option brokers. They are charging only $9.95 for each leg of a 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 achieve a decent 3% and better monthly return. 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 have set up my trading account with this new broker and have started creating Flash movies to illustrate how to order, protect and close Bull Put and Bear Call credit spread trades on the stock indexes.
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