For many years, I have used IB. The platform is very stable and relatively easy to use. IB's commission is the lowest I have found. Unfortunately, IB's margin requirements for some reason is extremely high when it comes to selling future options, so I switched to OX beginning this year. While the margin requirements are much lower at OX, I am not thrilled about their platform compared to IB. With that said, I have not had any real issues with OX either, it's just that after 10 years of using IB's TWS, I am still not that comfortable using OX. Then again, since I am selling far OTM strikes, it is not necessary to have all of the functions that I had with IB.
On a side note, I have found that IB's margin requirements are way more friendly than OX when it comes to stock option selling......so it really comes down to your own preference and what you are trading. Going forward, I will probably fund my IB account to trade stock options and continue to use my OX account to trade futures options.
The following user says Thank You to MJ888 for this post:
Its a shame but the last few weeks has been absolute BS with OX for me. If you don't get to speak to the same person, the information is different every time, and even the same guy has different information from week to week. Trade Calc from what I have been told is not on their priority list as they can't re-create the event at their office. While I can still get the spread info I need from the spreadsheet that Ron kindly posted, its still an arse-ache.
End result for me is the lower margin outweighs the smaller commission from IB.........
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The following user says Thank You to Big Mike for this post:
Might be a while before selling CL puts with a shorter holding time (~30 DTE) that are in the '75 per barrel' safe zone with decent premium. Probably going to have to add another few weeks of premium to make the return decent. Once Egypt calms down we might get some kind of pullback to make those puts a little more worthy. Holding previous CL puts and ES puts right now and that's it until the #'s on Friday come out.