Do You Have To Have A Certain Amount Of Cash To Trade Options At Optionsxpress.com?

I’ve decided to try trading and I had a bunch of people tell me that optionsxpress is a great place to do so. The thing is that I still like to stocks on Scottrade because the commissions are so low and I understand that it’s more expensive to stocks with optionsxpress, but the commissions for trading with optionsxpress is lower than scottrades. I want to start trading with a seprate account with optionsxpress and do it with about $3000. Is that too low of an ? Also, i just want to them, not exercise them and mostly just calls on stocks that high volume in their (Example:AAPL). Thank you.

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2 Responses to Do You Have To Have A Certain Amount Of Cash To Trade Options At Optionsxpress.com?

  1. John W says:

    I trade options frequently. You should only use a small portion of your investment assets to trade options. If the 3000 is all you have to invest, I would not recommend putting all of it towards option trades.
    If you are only buying and selling calls then you can make plenty of trades on $3,000.
    I don’t use Scottrade, but I would assume they are pretty inexpensive for their trading fees. I would go with whoever charges the lowest commission. I use Fidelity and I think they charge $8 + $.75 per contract.

  2. southron says:

    uuhhhhh…. ask OptionsXpress.com

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