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  #1  
Old 06-26-2017,
AnthonySpouH AnthonySpouH is offline
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Join Date: Jun 2017
Posts: 0
Default Questions about commission fees

I am not approved to trade spreads or straddle on my TD account. However, I am allowed to buy puts, calls, and sell puts.

I noticed that I can technically buy straddle if I buy puts and calls separately. I want to know if I get approved to trade straddle/strange, does TD only charge commission fee once? Because right now, I have to pay $10 for buying calls and $10 for buying puts separately. Do you guys with approved level 3-4 option only need to pay fee once with straddle?

Another question is: Let's say that you are buying or selling 100 shares of AAPL at $100 limit order. If you are only assigned 40 shares, what about the other 60 pending order? If that 60 pending orders are not filled until like 3 hours later, will TD charge me twice commission fees? Also, what about selling 100 shares at $100 with the same scenario?

Thank you in advance
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  #2  
Old 06-28-2017,
AnthonyMl AnthonyMl is offline
 
Join Date: Dec 2014
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Step 1...go to Dough.com and create an account using your TDA credentials. It's free and they are connected so it's all secure.
Step 2...Call your LOCAL TDA rep and tell them you are doing the Dough/ Tastytrade thing and would like your fees reduced. They will knock it down to at least 7.50 per stock trade and a flat 1.50 per options contract with no ticket fee.
Step 3...on Dough.com go to the Doughjo link and watch all the videos and take all the quizzes. Once completed you will receive an electronic certificate that you submit to TDA to request tier 3 status...they will give you at least level 2 automatically and you should be able to do everything you need/can do from there. Once you have the certificate just email the Dough support for who you need to email at TDA to submit the certificate, then you request new Tier status.
You will no longer have the 9$ ticket fee when trading options and only be paying 1.50 per contract to open and/or close....plus with TDA it is always free of charge to close any short option position that fills for .05 or less.
If you have a bigger account and/or trade often you may be able to further negotiate your fees down at some point.
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  #3  
Old 06-29-2017,
Athena58H Athena58H is offline
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Join Date: Jun 2017
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AN order stands until cancelled...no matter how many partial fills it takes to complete you will only be charged 1 fee. However if you cancel the order and then make a new one you will initiate another fee. Also you can do a "cancel/replace" to move your price and this shouldn't create a new fee....but double check that as I have been in arguments with their customer support over this. A "day" order will cancel at the end of the day...however a GTC order will stay in effect until canceled or filled. These all are the same whether buying/selling to open/close.
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  #4  
Old 06-29-2017,
atojihadahaca atojihadahaca is offline
 
Join Date: Jun 2014
Location: Ireland
Posts: 0
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Wow thanks a lot for all these info. Btw, what does $1.50 per options contract with "no ticket fee" means? Is the fee referring to $9.99? Because right now, TDA charges $9.99 + $0.75 fee per contract. With Dough certificate, I only need to pay $1.50 per contract and no more $9.99 for each trade? As long as I buy less than 13 contracts in one trade (which is 13 x 1.5 = $19.50) , it is cheaper than TDA's commissions total of (9.99 + 0.75*13 = $19.7) ?


If that is the case... wow!! that is a such a good deal for me!! I only buy few contracts at a time and have to pay so much fees for it..
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  #5  
Old 06-29-2017,
athhrlkb18 athhrlkb18 is offline
 
Join Date: Oct 2014
Posts: 0
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Looks like you already have the option fee down about as far as it will go....so with the Tastytrade discount you will only be paying .75 per contract. You don't need the Dough certificate to get the fee reduction. Just register with Dough and Tastytrade using your TDA username and password and call your LOCAL rep for TDA and tell them you are doing the Tastytrade thing and will need them to put through the fee reduction.

The Dough certificate will be what you use to get tier 2-3 permissioning so you can trade any option strategy your account size will allow.
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  #6  
Old 06-30-2017,
AsyaFlomy AsyaFlomy is offline
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Join Date: May 2017
Posts: 0
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How do I register Dough and Tastytrade with my TDA account? I did made an account with my email that is same as my TDA on those two sites. In Dough, I can log in with my TDA after I log in with the acc I created. Anyway, I called them and said I'm using dough and tastytrade and want to fee reduced to the promised $7 for equities and $1.5 for option.. Took a hour for one person willing to help. They kept transferring me to someone that can assist me lol. At the end.. that person said she submitted a case to TDA for me and should year back in 3 business days on whether I'm allowed or not to get the reduced fees. So frustrating talking with customer supports =\ One of the support guy told me that I must sign up TDA thru Dough and also must trade on their platform to get the rate. I really dont like their platform and dont want to trade on it...

I'll let u know how it goes after 3 days. I have a feeling I won't get accepted lol
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  #7  
Old 06-30-2017,
admin admin is offline
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Join Date: Dec 2010
Posts: 756
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Me,
Whenever helping someone set up a new account I always have them sign up through the Tastytrade link and create a Dough account...then I instruct them to contact their local TDA rep and ask for them to put through a request for the fee reduction.

Whenever they do that they don't have a problem. But often they make the mistake of calling the regular customer support # and it is always a nightmare. No one knows what they are talking about...they end up on the phone for an hour or so and usually it works out...eventually. But today I've got a guy who was sent an email that told him he needed to put on a bunch of trades through Dough and then contact them later and they will look into it again.

Is this a new thing or have others just been able to slip through the cracks?
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