TOS vs TastyWorks

Mikeh0512

New Member
Hello,
Can anyone comment on the the option analysis/trading features of TastyWorks vs TOS ? . Is it similar or the same as TOS given that they wrote the original TOS software.

I am in the UK and cannot open a TD account, however a TastyWorks account is available. I do have an IB account but their options
analysis software seems very poor ( or I dont know how to use it correctly!).

Many thanks
MikeH.

Update: After searching around a bit I found this review
. Hope it helps.
 
Last edited:

curiousjeff

Active Member
Last time I looked, there was no comparison between TOS and the Tastyworks platform, especially in regards to analytics.

Except for the fact that Sosnoff was involved in Thinkorswim, I don't know if anybody else from Thinkorswim went to work in the development of Tastyworks.

Sosnoff has a bias against TA and I think that is reflected in the software.

The interfaces for setting up various spreads and modifying them is well done and that is their major strength.

Now, it depends what you are trading, but it is not going to replace OV, ONE or TOS for butterflies type of trades IMO.

For withdrawals: outside the US, it will cost you $45, and 25 to wire funds inside the US.

The $10 capped per leg does NOT apply to indexes on options.
 

useemenot

New Member
I have a tastyworks account.
The plus of tastyworks is their commission is somehow quite competitive ...
my account only charge SPX fee for USD 0.55 per contract to open and USD 0 for close
(please note that this is a special price ...)
but the major pitfall on tastyworks is their option analysis software is sucks
the T+0 line is not accurate (especially if you have a structure that have more than 4 leg, such as STT + BSH)
so it can be very frustating if you have to trade based on T+0 line.
i heard that they want to fix the T+0 graph in the future, but don't know when it would be happen

The other alternative is of course to go with IB and connected them with ONE or OV
but there will be cost for IB market data dan ONE/OV subscription cost

or you can also open IB and connect them with the optioncolors trading platform
the optioncolors trading platform is quite powerful, but they mostly design for SJoptions style of trading
just like the tastyworks which is design with tastytrade style of trading ...

hope that helps.
 

greg641

New Member
I have a tastyworks account.
The plus of tastyworks is their commission is somehow quite competitive ...
my account only charge SPX fee for USD 0.55 per contract to open and USD 0 for close
(please note that this is a special price ...)
but the major pitfall on tastyworks is their option analysis software is sucks
the T+0 line is not accurate (especially if you have a structure that have more than 4 leg, such as STT + BSH)
so it can be very frustating if you have to trade based on T+0 line.
i heard that they want to fix the T+0 graph in the future, but don't know when it would be happen

The other alternative is of course to go with IB and connected them with ONE or OV
but there will be cost for IB market data dan ONE/OV subscription cost

or you can also open IB and connect them with the optioncolors trading platform
the optioncolors trading platform is quite powerful, but they mostly design for SJoptions style of trading
just like the tastyworks which is design with tastytrade style of trading ...

hope that helps.
Thank you for the update on Tastyworks. Can I ask how you received the $.55/contract pricing?
 
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