Chromium, Optium & Meridian
To trade the PowerOptionsApplied Chromium, Optium and Meridian recommendations you need a brokerage account that executes stock option credit spreads for indexes.
Titanium
To trade the PowerOptionsApplied Titanium recommendations you need a brokerage account that executes covered calls (purchase stock and sell call option).
Palladium
To trade the PowerOptionsApplied Palladium recommendations you need a brokerage account that executes collars (purchase stock, sell call option, purchase put option).
There are several online options brokerages from which to choose if you don't already have one.
Investrade
Supported by over 30 years of options experience, eOption was established in 2007 as a division of Regal Securities, Inc., member FINRA/SIPC, a Chicago area broker/dealer since 1975. eOption gives strategy traders the edge, with value and strategy-centric trading capabilities. eOption has established compelling pricing of $5 plus 25 cents per contract for options and $5 stocks. Analytics, strategy scanners and one-click closeout of multi-leg orders make complex order entry simple. Trade up to 4-legs from a single screen, displaying a real-time quote on each leg of an order. Other products include mutual funds, fixed income, and no annual fee IRAs as well as a direct access trading platform for high volume traders.
For accurate and straightforward trading, access to experienced brokers, and great value: Exercise your option to save with eOption.
If you have any questions or would like to set up an account with Investrade, go to the web site, or call 1-800-498-7120.
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Investrade provides some great features that work with our service...
- AutoTrade - Investrade enables customers to accept orders from newsletter services like PowerOptionsApplied on their behalf. Investrade provides autotrade for PowerOptionsApplied's Titanium TradeFolio™. With autorade you can configure your account to allocate funds to the PowerOptionsApplied service. When we post a trade, Investrade will execute the trades for you. If you go on vacation or don't want to spend the time trading, you can still benefit from the service we offer. More info about Investrade Autotrading.
TradeKing
TradeKing is a nationally licensed online broker with a mission to help investors become smarter, more empowered stock and options traders. In addition to our fair and simple pricing - just $4.95 per trade, plus 65 cents per option contract - we offer all clients the same white-glove customer service, intuitive trading platform and advanced suite of trading tools no matter how often they trade, or the size of their account. In August 2007, SmartMoney Magazine rated TradeKing the "Best Discount Online Broker" for the second year in a row.
Options involve risk and are not suitable for all investors. Please read Characteristics and Risks of Standardized Options available at www.tradeking.com/ODD
$4.95 for equity and option trades. See our Commissions + Fees for commissions for low priced stock and other securities.
https://www.tradeking.com/PrivateView/services/Services/commissions.tmpl
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TradeKing provides some great features that work with our service...
- AutoTrade - TradeKing enables customers to accept orders from newsletter services like PowerOptionsApplied on their behalf. TradeKing provides autotrade for PowerOptionsApplied's Titanium TradeFolio™. With autorade you can configure your account to allocate funds to the PowerOptionsApplied service. When we post a trade, TradeKing will execute the trades for you. If you go on vacation or don't want to spend the time trading, you can still benefit from the service we offer. More info about TradeKing Autotrading.
optionsXpress.com (Member NASD, SIPC, CBOE, ISE and BOX)
A premier broker that focuses specifically on options traders. They offer some great online learning resources for new option investors and their commission rates are a low $1.50/contract with a $14.95 minimum (10 contracts = $15.00) and no hidden fees.
If you have any questions or would like to set up an account with OptionsXpress, go to the web site, or call 1-888-280-8020.
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OptionsXpress.com provides some great features that work with our service...
- AutoTrade - OptionsXpress will accept orders from newsletter services like PowerOptionsApplied on your behalf. optionsXress provides autotrade for PowerOptionsApplied's Titanium, Chromium, Optium and Meridian TradeFolios™.You setup your account to allocate funds to the PowerOptionsApplied service. When we post a trade, OptionsXpress will make the trades for you. If you go on vacation of don't want to spend the time trading, you can still benefit from the service we offer. More info about AutoTrading.
- BrokerLink - The PowerOptionsApplied BrokerLink feature allows customers to enter recommended trades with OptionsXpress using a single click.
- Order Entry - The OptionsXpress order entry system allows you to enter Iron Condors and many other strategies as one transaction with a minimum net credit or at market prices. PowerOptionsApplied presents the expected minimum net credit with each trade. You give your broker a single order to open instead of two or four.
- Contingent Exit Orders - OptionsXpress supports contingent exit order entry. Contingent exit orders are important for users who are not able to watch their trading account during the market day. These orders allow you to exit a trade automatically when the underlying stock or index reaches a specified price. PowerOptionsApplied provides the stop-loss exit prices with each recommendation. You simply place the contingent stop-loss exit order after your position is open.
- IRA Spread Trading - OptionsXpress allows the use of many more option strategies in IRA accounts than most brokers. This is especially important with reference to this service since we don't know of any other brokers who allow these "Iron Condor" or vertical spread type trades in an IRA account.
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