Winning Brokers
With options trading--or any other investment vehicle--your broker is an extremely important part of your money making plan--and nowadays that doesn't refer to a person it refers to a platform.
I have options trading specific brokerage accounts at several different brokerage houses and they all have their pluses and minuses--but for credit spreads there is just one broker to use--Thinkorswim.
You'll see why once you open an options account and get inside--the trading platform is a joy to use. You have the entire options chain for whatever stock you are looking at all lined up with prices changing in real time.
And when you want to trade you just right click on a price and all the options strategies come up in a box--you select 'SELL' 'vertical' and one click later you've got the whole trade lined up ready to go (selling a 'vertical spread' is the same as selling a credit spread).
Plus I've found they are pretty good at getting your desired credit--or better. And get this--when it comes to buying back the sold legs of your credit spread right before expiration they don't charge a penny in commissions for any option less than five cents in price! All of a sudden locking in a profit with vertical spreads becomes a no-cost proposition--fabulous!
Plus there are some other super great benefits--like their free stock and options analysis software and the fact the trading platform is web-based so you can access it anywhere--even on your 'smart phone'. You can even trade their 'Paper Money' platform without risking a cent until you are comfortable and confident enough to start trading options with real money.
To check out their site and discover even more benefits of this cutting edge options broker Click Here.
