Options brokers that let you choose the exchange

TradeStation$0 via QuantWheel · $0 exercise and assignment · naked

TradeStation opens options accounts for residents of the United States. It charges $0 via QuantWheel (Index options add $0.75 per contract). Exercise and assignment cost $0. It approves up to naked short options. It trades on Web, Desktop, Mobile, API. QuantWheel syncs positions and trades from the account and suggests; with Trade & Sync the orders you approve go to the broker from QuantWheel.

Choose the exchange for options ordersClients can route orders to the market centers TradeStation connects to directly.

Fidelity$0.65 per contract · $0 exercise and assignment · naked

Fidelity opens options accounts for residents of the United States. It charges $0.65 per contract (Buy to close at $0.65 or less costs $0). Exercise and assignment cost $0. It approves up to naked short options. It trades on Web, Desktop, Mobile. QuantWheel syncs positions and trades from the account and suggests; you place the orders at the broker.

Choose the exchange for options ordersThe Directed Option trade ticket in Fidelity's active trader platform lets you set the route (exchange), and it defaults to the exchange that posted the quote you click.

Interactive Brokers$0.65 per contract · $0 exercise and assignment · naked

Interactive Brokers opens options accounts for residents of the United States. It charges $0.65 per contract ($1 minimum; additional fees). Exercise and assignment cost $0. It approves up to naked short options. It trades on Web, Desktop, Mobile, API. QuantWheel syncs positions and trades from the account and suggests; you place the orders at the broker.

Choose the exchange for options ordersDirect Routing lets customers send an option order (including combos) to a chosen exchange instead of SmartRouting, on TWS, IBKR Desktop, IBKR Mobile and Client Portal. Direct-routed US option orders cost USD 1.00 per contract.

eOption$0.10 + $1.99 per trade · $9 per event · naked

eOption opens options accounts for residents of the United States. It charges $0.10 + $1.99 per trade (Base fee and other charges apply). Exercise and assignment cost $9 each. It approves up to naked short options. It trades on Web, Mobile. It is not connected to QuantWheel.

Choose the exchange for options ordersOnly the DAS|Web and DAS|Pro direct-access platforms (need $25,000 account equity, monthly platform and data fees) let you direct an order to a specific exchange or market maker, and the pricing schedule lists 'Stock and Option Destination Fees'. No option route list is published, and the standard eOption platform offers no routing choice.

Lightspeed$0.50 per contract · $15 per event · naked

Lightspeed opens options accounts for residents of the United States. It charges $0.50 per contract (Web and mobile orders have a $1 minimum; other fees apply). Exercise and assignment cost $15 each. It approves up to naked short options. It trades on Web, Desktop, Mobile, API. It is not connected to QuantWheel.

Choose the exchange for options ordersOn Lightspeed Trader, options orders on equities can be direct routed to a chosen destination for an extra US$0.35 per contract, while the SMRT smart route is free. Product fees also apply per contract, US$0.20 for ETF options, US$0.40 for other index options and US$0.62 for SPX.