Michael Rechenthin, PhD

"Skinny on Options Data Science"

To use the spreadsheet, please make adjustments only to the areas in "yellow"

User Inputs Current

Brokerage
Brokerage you
are Evaluating
Ticket Charge $6.95 $0.00 Comparison of Yearly Estimated Commissions
Per Contract Commissions $0.70 $1.00 $10,000
$8,812
Is There a Minimum Charge? $0.00 $0.00 $9,000
Options Minimum Charge (if applicable) $0.00 $0.00 $8,000
$7,000
Additional Fees $0.04 $0.14 $6,000
Free to Close Positions? $0.00 $1.00 $5,000
Exercise/Assignment Fees $6.95 $5.00 $4,000
$3,000
Ticket Charge $6.95 $5.00 $2,000 $1,430
Per Share Rate (if applicable) $0.000 $0.000 $1,000
$0
Stocks Is There a Minimum Charge per Order? $0.00 $0.00
ge n g
Minimum Charge (if applicable) $0.00 $0.00 ra ati
ke
Free to Close Position? $0.00 $1.00 Br
o
valu
t E
en ar
e
rr
Cu ou
ey
Number of Options Trades per Year 1,000 rag
(Total Avg. # Contracts or Legs per Trade) 2 o ke
Trades per Number of Stock Trades per Year 50 Br
Year and
(Avg. Shares per Trade) 200
Account Size
Number of Assignments/Exercises per Year 5
Size in $$$ of your Account $100,000 Cost Savings by Choosing the Brokerage you are Evaluating

Analysis Current
Brokerage
Brokerage you
are Evaluating
84%

Opening Commission $8.43 $2.28

Options Closing Commission $8.43 $0.28
0% 10% 20% 30% 40% 50% 60% 70% 80% 90%
Options Opening and Closing Commissions $16.86 $2.56

Opening Commission $6.95 $5.00

Stocks Closing Commission $6.95 $0.00 Comparison of Estimated Commissions for 2 Legs per Trade
Stock Opening and Closing Commissions $13.90 $5.00
Current Brokerage Brokerage you are Evaluating
$16.86
$13.90
Assignments/E Assignment/Exercises Commissions $6.95 $5.00 $6.95
xercises $5.00 $5.00
$2.56

Option Commissions $8,430 $1,280

Year End Est. Stock Commissions $348 $125
Commissions Assignment/Exercises $35 $25
Total Yearly Commissions Paid $8,812 $1,430

Based on your inputs, you might save 84% by choosing the Brokerage
you are Evaluating over your existing one.

Also, according to your inputs (and the math), by choosing the

Brokerage you are Evaluating, you could make an estimated 7.4% less
and still have the same return.