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The first thing every options trader needs to do is select a brokerage firm to open an account with. An outstanding brokerage firm will provide traders with fast, intuitive and reliable technology, customer support, and low fees.

The minds behind tastyworks are very familiar with building industry-leading brokerage technology.

With tastyworks, the team is revolutionizing the brokerage industry by providing traders with easy-to-use, yet sophisticated technology, and highly-competitive pricing.


tastyworks has a very unique pricing structure. For starters, they do not charge commissions for most closing trades.* Additionally, they have a capped-commission rate for most equity option trades:

Options involve risk and are not suitable for all investors as the special risks inherent to options trading may expose investors to potentially significant losses. Please read Characteristics and Risks of Standardized Options before deciding to invest in options.

tastyworks does not charge commissions for closing stock or options trades, which means you won't pay per-contract commissions to reduce your portfolio's stock or option exposure.*

*Applicable exchange, clearing and regulatory fees still apply to opening and closing trades. Closing-trade commissions still apply to futures contracts.

Be sure to use the referral code PROJECTOPTION when opening and funding an account ($2,000+) to receive one of our options trading courses for free.

In 2018, tastyworks introduced a $10 commission-cap per leg, which means no matter how many contracts you trade, your commissions will be capped at $10 per option leg/strike.* With this pricing structure, multi-leg options strategies like Iron Condors (4 legs) and Iron Butterflies (3 legs) become much less costly:

Be sure to use the referral code PROJECTOPTION when opening and funding an account ($2,000+) to receive one of our options trading courses for free.

How much money can this pricing structure can save you? 

Check out the cost-comparison of opening and closing various options trades at different brokerage firms (using 1 lot as an example):

The savings are even more pronounced when trading larger position sizes:

Clearly, the tastyworks commission structure is very trader-friendly compared to other major brokerages.

Be sure to use the referral code PROJECTOPTION when opening and funding an account ($2,000+) to receive one of our options trading courses for free.

In summary, here's what tastyworks brings to the table:

 Fast, light-weight technology with the features you need to easily set up strategies, analyze risk, and execute trades.

 Highly-Competitive Commissions for Opening Trades:* $1.00 per option contract, $5 per stock trade (unlimited shares), $2.50 per option on futures, and $1.25 per futures contract.

 No Commissions for Closing Trades*

 $10 Commission-Cap for Each Option Leg**. Results in substantial savings relative to other major brokerages when trading multi-leg options strategies like Iron Condors, and/or when trading lots of contracts.***

 Access to The Small Exchange, which will allow traders of all account sizes to access the futures market, which has historically been a place for traders with large accounts.

 Easily-Accessible Customer/Account Support. Need some help with your account or just have some questions? The tastyworks support team has you covered (and you don't have to pay additional fees for support).

 Free Broker-Assisted Trading. If you're a new trader and want to make sure you put on the trade you had in mind, tastyworks can help you execute trades without charging you any additional broker-assist fees.

Be sure to use the referral code PROJECTOPTION when opening and funding an account ($2,000+) to receive one of our options trading courses for free.

*Applicable exchange, clearing and regulatory fees still apply.

**Applicable exchange, clearing and regulatory fees still apply. Some index products and all futures products are excluded from this offer.

***Commission comparison based on opening and closing online U.S. equity option trades at the published website commission schedules for retail accounts, as of 1/3/2018, for E*Trade, Fidelity, Interactive Brokers, Schwab, and TD Ameritrade. For E*Trade, comparison is based on pricing schedule of 30 or more transactions per quarter. For Interactive Brokers, comparison based on customers trading less than 10,000 contracts a month with option premiums equal to or greater than .10 per contract. Supporting documentation for any claims, if applicable, will be furnished upon request.

Disclaimer: Neither projectoption or any of its officers, directors, employees, other personnel, representatives, agents or independent contractors is, in such capacities, a licensed financial adviser, registered investment adviser, registered broker-dealer or FINRA|SIPC|NFA-member firm. projectoption does not provide investment or financial advice or make investment recommendations. projectoption is not in the business of transacting trades, nor does projectoption agree to direct your brokerage accounts or give trading advice tailored to your particular situation. Nothing contained in our content constitutes a solicitation, recommendation, promotion, or endorsement of any particular security, other investment product, transaction or investment. Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time. Past Performance is not necessarily indicative of future results.

tastyworks, Inc. (“tastyworks”) has entered into a Marketing Agreement with projectoption (“Marketing Agent”) whereby tastyworks pays compensation to projectoption to recommend tastyworks’ brokerage services. The existence of this Marketing Agreement should not be deemed as an endorsement or recommendation of projectoption by tastyworks and/or any of its affiliated companies. Neither tastyworks nor any of its affiliated companies are responsible for the privacy practices of projectoption or this website. tastyworks does not warrant the accuracy or content of the products or services offered by projectoption or this website. projectoption is independent and is not an affiliate of tastyworks.