Philip Davis

Interactive Q&A: Ned Bennett, Co-Founder and EVC of optionsXpress

Sorry, just read your last comment.

I don't see 8 contracts as being optimum, I see $800 as being about the minimum, almost the same thing but sometimes that is one contract.

The virtual site would be great if you could buy and sell at the next actual trade rather than always buy at the ask and sell at the bid as this shaves off a lot of money for no reason and makes it hard to get an accurate view of how your strategy is working. Of course there are quantity issues but I think the good outweighs the bad if we stick to the actual trading price, or at least allow it to be an option.