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trick to rolling a covered call on TOS but paying only 1 commission?
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trick to rolling a covered call on TOS but paying only 1 commission?

  #1 (permalink)
Trading Apprentice
San Jose, CA
Futures Experience: Beginner
Platform: Thinkorswim
Favorite Futures: stocks, options
Posts: 6 since Jun 2012
Thanks: 3 given, 2 received

trick to rolling a covered call on TOS but paying only 1 commission?

Ages ago, at a free TD AM seminar I went to (when I first got introduced to covered calls and options), the presenter showed a trick in TOS where you could roll a covered call (probably works on any options, covered or not) but only pay a single commission instead of being charged 2 of them.

Anyone here know the trick? I did it before, I think, but don't remember how. I don't even remember if TOS will correctly show the # of commissions charged in the confirmation/preview.

I think TOS (or someone else put together) a video of the trick but I don't know where to find it.

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  #2 (permalink)
1.Fibs 2.??? 3.Profit
Puerto Rico
Futures Experience: Intermediate
Platform: thinkorswim
Broker/Data: TD Ameritrade
Favorite Futures: ES
rmejia's Avatar
Posts: 384 since Oct 2010
Thanks: 3,597 given, 424 received

When placing the initial order in the Trade - All Products tab under Spread type choose: Covered Stock. This creates the Covered Call as 1 trade. If initiated this way when rolling over it should roll over as 1 trade as well.

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