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While firstrade requires no minimum balances to open an account or invest in equity securities, we do require minimum balances in order to place certain option orders While firstrade requires no minimum balances to open an account or invest in equity securities, we do require minimum balances in order to place certain option orders. The following table lists the option strategy and the minimum equity required to place option orders:
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A diagonal spread is an options strategy using a long and short position in either calls or puts with different strike prices and expiration dates. You absolutely have to read the fine print of the fee schedules and understand your own trading to find out what your real costs would be. This journey to establish my account took approximately six weeks, primarily due to the meticulous compliance process at firstrade
My first trading activity was executed on september 27th.
By gery october 19, 2022 ninjaspread i love to trade spx diagonals, especially when iv skew is higher than usual and i get a wider range of break evens I know that time options spread break evens are “theoretical” because they are dependent on the iv skew of the front and back month’s iv that changes all the time. Firstrade on the other hand has no commissions on any options at all, not even index options, but they do not allow time spreads (calendars and diagonals) on index options
