Thinkorswim
thinkorswim, Inc.
600 W. Chicago Ave., Suite 100
Chicago, IL 60610
Toll-free: 866-839-1100
General Description: Thinkorswim is with a trading platform that widely recognized as the industry’s best for execution, professional analytics and real-time position management. The extensive capabilities of this platform can be a bit overwhelming to beginning traders, but experienced traders like the help it provides with their complex transactions.
Account Minimums: Individual - $3,500, IRAs - None
Stock Commissions:
- $9.95 flat fee per stock trade
- or $.015 per share ($5.00 minimum)
Option Commissions:
- the lesser of: $2.95 per contract OR $9.95 plus $1.50 per contract no
additional ticket charge.
- or $1.25 per contract with a $12.95 minimum
- or $0.95 per contract with a $19.95 minimum
Options in IRAs: Approved clients are allowed to trade any complex option strategy in their IRA as long as the resulting position has defined risk.
Trading Platforms:
TOS has web based and desktop software platforms that have a similar look and feel.
- WebBased Trading has Pages for Accounts, Alerts, TOS Charts (with indicators), Prophet Streaming Charts, Monitor, Trade, Watch, and thinkSpreads. ThinkSpreads is a unique tool which lets users see all the spread orders that thinkorswimmers are currently working including each order's limit price. This lets you easily create similar or opposite orders, or even take the other side of someone else's trade.
- thinkDesktop has all the great tabs of the WebBased platform with some additional advanced tools that will help you find and analyze stock and option trades. The Scan tab lets you scan across all exchanges for stocks that meet your criteria. Use this tool to search for bullish or bearish patterns in technical and fundamental indicators.
Option Trading Tools:
- Analyze lets you review option trades with advanced tools that let you stress-test real and hypothetical positions, check the probability of a stock or index touching a certain price, see a plot of the profit/loss or Greeks of your position, or draw a graph of the implied volatility skews.
- Spread Hacker lets you find defined-risk option trades that meet your criteria quickly and efficiently. You can display up to six different strategies grouped by symbol, price, implied volatility, and probability of success.
Web Site:
www.thinkorswim.com
| Looking for something specific? Search Our Site! |
| Return to Option Brokers from Thinkorswim |