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Re:Analysis: Robinhood protected from lawsuits by user agree... by koolba on Saturday January 30, 2021 @01:47PM (#25971724)
Don’t Fidelity, E*TRADE, Ameritrade, and just about it everyone else have zero commission trades now?
Re:Analysis: Robinhood protected from lawsuits by user agree... by TuringNYC on Saturday January 30, 2021 @01:52PM (#25971791)
Not on options
Re:Analysis: Robinhood protected from lawsuits by user agree... by alasdair_ on Saturday January 30, 2021 @01:58PM (#25971840)
While technically true, I wonder if people care much about a $1 fee on an entire contract (100 shares).
Re:Analysis: Robinhood protected from lawsuits by user agree... by ll931110 on Saturday January 30, 2021 @03:11PM (#25972520)
The fee can still be very significant, especially once you engage into complex options strategy (e.g. call spread / put spread / iron condor). That tends to trade in significantly larger quantity (e.g. you can have a 50x call spread), in which the fee is now $100 ($50 for buying a call and $50 for selling another call).
Re:Analysis: Robinhood protected from lawsuits by user agree... by jb1991 on Saturday January 30, 2021 @02:56PM (#25972384)
Most of the time you'd be trading more than one contract, though. Say you want bet on cheap out of the money options, you could easily see a commission of $10 - $50 on a single trade if you buy up a bunch of them.
Re:Analysis: Robinhood protected from lawsuits by user agree... by koolba on Saturday January 30, 2021 @02:35PM (#25972182)
I guess if you’re buying lottery tickets at $.01-$.02 per contract it’s be a 50-100% change in costs.