I have been trading calls and puts on the Scottrade standard service for about two months. Now to move up to writing uncovered puts, I need to join Scottrade Options which is actually a seperate account.Join this or just open an account with a site that is more options-centric?
Hi -I just had them move my entire Scottrade account over to OptionsFirst (it's a wholly owned subsidiary of Scottrade). They didn't charge a transfer fee, and the entire process took about 4 days.You could transfer all, or just part of your Scottrade account, if you like the Scottrade platform for stock trades better than the OptionsFirst platform. However, I haven't seen any particular advantage to the Scottrade account (at least for the types of trades I prefer to do).Certainly, the OptionsFirst platform is much more powerful for options trading than the native Scottrade account:-)Harry G.
Actually, you can set up an ACH transfer in or out of the account:-)Harry G.
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