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How I Negotiated 17% Lower Commission Rates With This 1 Question

You should upgrade or use an alternative browser. Log in or Sign up. Does anyone know how to place a vertical spread order on TDA?

I am looking for an order type where both legs are executed ONLY if I get my target price bid on the long, ask on the short on both legs. Also, the spread will enable better use of total buying power than just the long or short leg alone. I hope the question is clear!!

After logging in to TDA, download Thinkorswim and don't look back. It will do more than you can ever dream of. Edited for a few mistakes Click on the "Trade" tab. Click on the "Options" tab. Click on the "Spread" tab.

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Click on the type of spread you want, vertical call or put, or calender call or put. Select "Buy To Open", "Sell To Open, "Buy To Close" or "Sell To Close". Enter the number of contracts. Click on "Select Leg" and another screen will pop up with all of the options. Click on the option you want and select "Buy" or "Sell" Repeat for the next leg. Select order type, "Limit", "Market", "Stop Market" or "Stop Limit" Then select "Net Credit", "Net Debit" or "Market".

From reading your post, do not select "Market", or you'll get filled at a price you may not like. Click on "Review Order".

Review and click on "Change Order" or "Submit Order". I agree with surfer25 and spindr0. TDAmerica has about the worst option commissions you'll find. Look at TOS, IB, and other brokers. You must log in or sign up to reply here. Your name or email address: Do you already have an account? No, create an account now.

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