re: Options Trading Thread

quote:

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We have turned it around and now I'm looking to open a trade account for the business. So I'm researching platforms for that.

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I can’t speak with certainty about what Schwab might change or modify in the Think or Swim platform going forward, but that’s what I’ve been using for years. And they’ve admitted that securing this professional level trading platform (and the associated active traders) is why Schwab bought TDA - so I’m hoping that they don’t mess with it, apart from some meaningless logo changes.

Since it seems that you also pay attention to the deltas and IV, and use those factors to initiate options trades, in addition to ToS, I’d recommend TastyTrade. Tom Sosnoff developed the original Think or Swim, sold it and then developed the TastyTrade platform. If you move or open an account with some size, they have some attractive signup bonuses. If Schwab happens to stumble with ToS, that’s where I’m going. And last but not least, there’s Interactive Brokers. That’s another place where you’ll find many pro and semi-pro traders. I’m sure there are others, but for the tools that I use, both ToS and TastyTrade fit the bill.