optionshouse

Basic Options Trading strategy introduction video series.

Educational programming for the beginner, advanced and pro trader taught by the Jedi Knights of the derivatives industry. The invaluable education presented by the Options Physics team will help transform the average trader into an options all-star

The OptionsHouse hotlist is picking up unusual activity in Louisiana Pacific Corporation (LPX), a manufacturer of building products, siding and engineered wood. The shares are up 5% to a last of $7.59, and the October 7.5 puts have traded 6,500 contracts. My source is showing me the initiating order was a seller at $0.75. This is likely an attempt to capture this small premium should the shares remain above $7.50 until October. This strategy could be what is known as a cash-secured put sale

Don't let the name fool you - Optionshouse isn't just all about options.

Sure, the company was founded by one of the largest options-trading firms in the U.S. (PEAK6 Investments, LP), but the company has spared no expense in appealing to stock traders as well.

OptionsHouse was launched in 2005 and is a product of PEAK6 Investments. Most investors have probably not heard of PEAK6 Investments but they are quite the operation. Based in Chicago on the original Chicago Board of Trade PEAK6 has traded 100s of millions of options contracts and millions of shares of stock a day to hedge its positions since 1997. They are currently one of the largest options trading firms in the U.S.

OptionsHouse, OptionsThis and OptionsThat. So many options brokerage houses which means confusing choices for us all. Other than having OptionsHouse promotion code (see below for them), how does this broker get you to remember ? How about $2.95 per stock trade?

OptionsHouse Review: Low Commission Broker

Adam Warner is the author of Options Volatility Trading: Strategies for Profiting from Market Swings due for release in October 2009 from McGraw Hill. He co-wrote the options column on Street Insight from spring 2003 to spring 2005, and is currently Options Editor at Minyanville.com.

When not writing, Adam is a proprietary option trader with Addormar Co, Inc. He traded as a member of the American Stock Exchange from 1988-2001, and in several off-floor locations since then.

First Trading Experience with OptionsHouse on Sun's Financial Diary