The "daily Call" From Option Alpha: Options Trading | Stock Options | Stock Trading | Trading Online

Hey everyone. This is Kirk here again at optionalpha.com and welcome back to the daily call. Today, I want to answer another question from the community that came in and that is – “Which options broker should a newbie trader or newbie traders start with?” I think the simple answer here is there’s probably two really good brokers… Let’s say three brokers based on where you live in the world that you should start with. I generally think that the options market is getting more and more focused, meaning that I think that brokers are either choosing to make the decision to trade options and make a commitment in that space or not. We see this most often in some of these big brokers where they’re buying up in cases, these smaller option brokers that have been around for a while. They're getting engulfed by larger institutions mainly for the accounts that are in them because options traders are generally higher net worth individuals than traditional stock traders. And so, these larger institutions are buying up broke