Options Trading With dough

Update 3/30/2017: tastytrade just released tastyworks, their own options trading platform with $1 commissions and $0 to close.

Update: 5/27/2014 There’s very exciting news regarding dough coming within the next few days. Listen from the 40:10 mark on this Talkin’ With Tom and Tony tastytrade video and you’ll see what I mean. You can hear the excitement in Tom’s voice!

Today I signed up for dough and, given their close relationship with TD Ameritrade, I also signed up for TD Ameritrade for use in it. dough is a new visual options trading platform created by Mr. Sosnoff and the geniuses behind the thinkorswim options trading platform. They also provide free and entertaining options education at tastytrade. In fact, archived and live tastytrade videos are available directly on the web and iPad app.

As I play with it more I’ll be able to explain things better AND display pretty graphs showing probability of success of my options! I can’t wait until I’m able to add some money and start using it. The tastytrade folks managed to arrange some great commission rates as well: $1.50/option contract and no ticket charge. $0.0125/share online equity with $5 minimum. (This compares to $9.99 + $0.75/contract at TD Ameritrade and $8.95 + $0.75/contract at Schwab.) In order for the standard discount brokers to be a better deal, I would have to purchase greater than 13 contracts. It won’t be a few more years yet where I’ll actually have the capital to buy/sell that number of contracts.

For more information on the discounted commissions, please see my page here: $1.50 Options Trades

In the meantime, here are some good articles talking about it:
Dough.com Creates a “Visual” Trading Platform
Dough’s big-name backers aim to woo millennials into options

Here is the promo video that dough released.

And, here’s a video showing some of the features of dough: Up Close & Personal with dough.