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We've been trading ETF spreads for a couple of years now at OptionsLinebacker. These are a fantastic
instrument to trade spreads with, but narrow spreads have one problem: you need to trade a lot of contracts to
make an equivalent profit to a full-sized index spread! This means that you're paying a lot of commissions to
enter and exit a spread position, effectively chewing up a lot of your potential profit.
Enter optionshouse. These guys use their massive back end volume in the Market so that you can "piggyback"
their market muscle, and pay $19.90 in commissions to enter, or to exit a spread. That could save you hundreds
of dollars in commissions on a typical trade, if you're trading in volume. This could change your P/L dramatically,
further increasing your "edge".
I've used their interface and it works just fine for what we want to do. If you're trading some volume in the ETF
spreads, then I would seriously consider using optionshouse as your broker, although check with them first to
see if they're allowing ETF spreads in IRAs. Click on the image above for more information.
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