New tastyworks Options Trading Platform
For a long time I’ve been a advocate of the excellent options trading knowledge from the people at tastytrade. tastytrade has live shows throughout the trading day and archives of everything to help you learn. If you don’t know, tastytrade was created by the people that ultimately ended up selling the thinkorswim options platform to TD Ameritrade. (Yes, they don’t capitalize anything so it makes these sentences look a little weird.)
Recently tastytrade released a new options platform called tastyworks.
Here are some of the details regarding commissions. Its pricing structure is excellent!
The platform itself is super easy to use as well. It is very similar to the dough platform. I’m in process of transferring some money over there, but in the meantime I actually use the tastyworks interface to review premiums when I am selling options on any other platform…it is that easy to use.
Visit the site to see more details.
Here is an example of a recent trade I did on TGT to show how powerful this platform is:
This is the opening trading page. I tend to like the “curve” view but a more standard options table is also available. The red arrow show where you type the ticker symbol and it also gives information such as upcoming earnings. The green arrow shows implied volatility.
I then clicked on the “Strategies” tab. This shows all the available trading strategies though you can also add to these and create your own. I chose Option (green circle) and then Short Put. The advanced settings lets you choose things such as your targeted days to expiration and percent out of the money.
If you guy are interested in this platform please visit the tastyworks site directly to learn more information. For full disclosure, tastyworks did just start a referral program and I have included my referral code on the links to their site.