> For the complete documentation index, see [llms.txt](https://docs.optionomega.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.optionomega.com/automation/trade-smart-infostation.md). # Trade Smart: InfoStation This page contains information not necessarily specific to OO, but relevant for options trading in general. ## Broker Specific Info ### Schwab / ToS Schwab does not charge a fee for the assignment or exercise of options. #### **Quantity 50 Orders** Users have reported cases where Schwab (ToS) manually fills orders over a quantity of 50. This may affect automation. Users may want to limit sizing below 50 or contact Schwab for clarification on their individual account settings for manual fills. ### tastytrade tastytrade charges a fee for the assignment or exercise of options. Refer to tastytrade for details. #### **Market Order on Spreads** tastytrade does not support market orders for multi-leg spread orders — only limit orders. If a strategy has "*Switch to market order after max attempts exceeded*" enabled for a spread, it will continue using limit orders and will never convert to a market order. Market orders are supported for single-leg orders only. See [Switch to Market Order](/automation/strategy-setup.md#switch-to-market-order) for more on this feature. #### **OTO (One Triggers Other) Order Limits** tastytrade limits the number of concurrent OTO orders per symbol. This maximum varies by account and margin type — contact tastytrade directly to confirm the limit for your specific trading account. See [OTO (One Triggers Other)](/automation/profit-target-and-stop-loss-order-types.md#oto-one-triggers-other) for more on this feature. ### Tradier Tradier charges a fee for the assignment or exercise of options. Refer to Tradier for details. #### **Option Rebate Program** Traders averaging 5,000 or more non-index option contracts per day may be eligible for Tradier's option rebate program — contact Tradier for details. ### TradeStation TradeStation does not charge a fee for the assignment or exercise of options when connected through the Option Omega link (see [Special Pricing](#special-pricing-via-api-trading) below). #### **Special Pricing via API Trading** Special commission pricing is available through Option Omega's API key integration: * Free options trades * $0.75 per-contract surcharge on index options (CBOE proprietary fees) *Note: Industry regulatory and Clearing fees are not included in this pricing — confirm current fee schedules directly with TradeStation.* #### **Calendar Spreads on Index Options (e.g. SPX/XSP)** TradeStation does not allow calendar spreads (positions with legs at different expirations) on European-style, cash-settled index options. Since Option Omega only supports SPX and XSP among this option type, a strategy with legs at different expirations on either ticker cannot be assigned to a TradeStation account — the strategy editor will flag it. #### **Margin on Asymmetric Credit Spreads** TradeStation may have a particular approach to margin calculations for asymmetric/broken-wing credit spreads (e.g., iron condors and iron butterflies with unequal wing widths). Users interested in trading these structures may want to reach out to TradeStation directly to understand how they handle margining for this type of trade. ## 390 Professional Orders Rule ("390 Rule") The 390 Professional Orders Rule classifies options traders as "Professional" based on their order volume. This requirement, imposed by U.S. options exchanges, ensures retail traders maintain order execution priority over high-volume traders. Averaging 390 or more options orders across all exchanges per day during any calendar month triggers "Professional" classification for the following calendar quarter. All submitted orders count toward this threshold, including filled, canceled, and rejected orders. Multi-leg spread strategies count as single orders. Orders from traders classified as "Professional" are treated the same as broker-dealer orders for execution priority and fees. [Additional information can be found here.](https://support.tastytrade.com/support/s/solutions/articles/43000435379#:~:text=What%20does%20this%20magic%20number,390%20in%20the%20rule's%20title.) *Note: The 390 threshold corresponds to the 390 minutes in a standard trading day (9:30 AM to 4:00 PM Eastern Time), representing the theoretical maximum of one order per minute throughout the trading session.* ## Trading U.S. options as a non-U.S. citizen Non-U.S. citizens trading U.S. options typically need tax-residency documentation on file with their broker, such as W-8 series forms. Without that documentation, brokers may be required by law to apply withholding taxes on certain U.S.-based payments or income. Treatment can vary by instrument type and by any applicable tax treaties. Specific requirements, rates, and processes are determined by applicable laws, regulations, and your broker’s policies, and they may change over time.\ \ *Note: This section is for general information only and is not tax, legal, or investment advice.* ## Assignable Tickers Automating options trades with assignable tickers, meaning non-index options such as SPY, IWM, QQQ, Apple, or Tesla, carries inherent complexity due to assignment risk. Brokers handle this differently. End-of-day trading or holding these symbols can increase complexity and risk depending on the user’s account size. Some American-style ETF options continue to trade past regular hours and do not settle until `4:15 PM` ET, including SPY, QQQ, IWM, TLT, and GLD. For these symbols, OO will attempt to exit any expiring ITM options until `4:15 PM` ET to reduce exercise and assignment risk. ## Execution Speed The OO automation platform allows rapid order iterations. One-second modifications for entry or exit may be too fast for some brokers, depending on the user’s location and connection quality. ## Profit Target order being filled out of RTH By default, the automation platform submits profit target limit orders that rest on the broker side, which can occasionally result in fills outside regular trading hours (`RTH`). Where a fill lands relative to RTH depends on the settlement type of the product (see [CBOE: Equity Options Extended Trading Hours FAQ](https://www.cboe.com/document/tech-spec/document/technical-specifications/equity-options-extended-trading-hours-faq)):
Product typeExamplesRTHCurb
Cash-settled index optionsSPX and XSP9:30 AM–4:15 PM ET4:15 PM–5:00 PM ET
Physically-settled, select designated ETFs/ETNsSPY, QQQ, IWM, TLT, GLD9:30 AM–4:15 PM ETN/A
Physically-settled, standard equities/ETF optionsAAPL, TSLA, AMZN, MSFT, NVDA9:30 AM–4:00 PM ET4:00 PM–4:15 PM ET
For **standard physically-settled options** (AAPL, TSLA, AMZN, MSFT, NVDA, and similar tickers), RTH ends at `4:00 PM` ET, followed by a brief **Curb** session through `4:15 PM` ET. This is part of the standard closing process for these options on the exchange side, not a broker-enabled extended-hours feature, so it applies to fills across all four supported brokers (Tradier, tastytrade, Schwab, and TradeStation). When a profit target order fills during Curb, the automation platform detects and records it normally. **Select designated ETFs/ETNs** (SPY, QQQ, IWM, TLT, GLD) don't hit this Curb window — their RTH already extends through `4:15 PM` (see [Assignable Tickers](#assignable-tickers) above), so a fill anytime up to `4:15 PM` ET is still a normal RTH fill. **Cash-settled index options** (SPX and XSP) also carry RTH through `4:15 PM` ET, with any Curb session running `4:15 PM`–`5:00 PM` ET. Trading these outside RTH depends entirely on the broker: Tradier’s extended-hours trading is available only on SPX and XSP (see [Trading in the Pre and Post Market Sessions @Tradier Brokerage](https://blog.tradier.com/blog/2018/05/trading-in-the-pre-and-post-market-sessions-tradier-brokerage.html)): * **Pre-market:** `8:10 AM – 9:30 AM` ET * **Post-market:** `4:15 PM – 5:00 PM` ET (Curb) tastytrade’s Global Trading Hours (GTH) is available on SPX and XSP (see [Global Trading Hours: 24 Hours Trading on Cboe Index Options](https://support.tastytrade.com/support/s/solutions/articles/Global-Trading-Hours)): * **GTH:** `8:15 PM – 9:25 AM` ET * **Curb:** `4:15 PM – 5:00 PM` ET Schwab and TradeStation do not support extended-hours trading on any product, so no fills are possible for Schwab beyond `4:15 PM` ET. Any fills after `4:15 PM` ET will not be picked up until the next market open, once active management resumes. In all cases, the recorded premium reflects the value reported by the broker for the closed resting order. *Note: Automation platform **does not manage** trades after 4:00 PM ET (see* [When does the automation platform start?](/automation/automation-faq.md#when-does-the-automation-platform-start) and [OO closed a position after 4 PM, but I thought it only traded between 9:32 AM – 3:59 PM ET. Why did this happen?](https://docs.optionomega.com/automation/pages/mSGXzVGLI1s2UKDLhZE9#oo-closed-a-position-after-4-pm-but-i-thought-it-only-traded-between-9-32-am-3-59-pm-et.-why-did-thi)*). Please refer to your brokerage's website for detailed information on which order types are supported out of RTH.* ## XSP — automation and modeling only, no backtesting XSP is available for modeling and automation. It is not available for backtesting due to liquidity. For more information, [watch this.](https://youtu.be/hW0W8597Kkk)