Tastytrade Review: A tasty broker of options trading

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Since Tastytrade were bought by IG, their options trading platform continues to improve. Plus, there is excellent options trading strategy and content from their TastyLive YouTube channel.

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TastyTrade Options Trading Review
TastyTrade

Name: TastyTrade Options Trading

Description: A good choice for traders looking for low commission, trading ideas and a followers of trading on social media. tastytrade stands out as a top choice for options traders with its low commission rates. When comparing commission fees for various lot sizes, tastytrade offers highly competitive rates. For 1 lot, the commission is $1.20, which is lower than E*TRADE ($1.30), Fidelity ($1.30), Interactive Brokers ($2), Schwab ($1.3), and TD Ameritrade($1.3). This trend continues as the lot size increases, making tastytrade an appealing option for traders looking for cost-effective options trading solutions.

Summary

tastytrade offers traders the opportunity to employ a wide range of strategies and capitalize on various market conditions and you can trade options on a wide range of underlying assets including:

  1. Stocks: Options can be traded on individual stocks listed on major US exchanges.
  2. Exchange-Traded Funds (ETFs): Options are available for numerous ETFs, providing exposure to various sectors and asset classes.
  3. Indices: Options can be traded on popular stock market indices such as the S&P 500, NASDAQ-100, and Dow Jones Industrial Average (DJIA).
  4. Futures: Tastytrade offers options on futures contracts, allowing you to trade options on commodities, currencies, and other futures products.

Pros

  • Lots of options
  • Backed by IG
  • Good education programs

Cons

  • Limited futures
  • Trading only (no investing)
  • Pricing
    (4)
  • Market Access
    (4)
  • Online Platform
    (4)
  • Customer Service
    (4)
  • Research & Analysis
    (4)
Overall
4
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