Hi Everyone, thank you for accepting me in this group.
My name is Choy, age 51, from Malaysia. Started investing in US shares in 2016 and pick up option 2 years ago using Interactive Brokers (IB).
Started to use Tiger from this year primarily due to concern with estate planning if I continue using IB as it doesn't have beneficiary assignment for overseas investor. For tiger it recognises the probate from Malaysia.
I explored option in Tiger few weeks ago and found that it is not as strong as IB in terms of the functionality.
In IB, I use rollover and synthetic call call quite a lot. But in Tiger it doesn't allow me to do so. For eg I sell call for SHOP at $53 3Nov23. So when the share price jump exceeding $53 I will just roll it to higher price at later date maturity and collecting some premium. But just found out that I can't do this in Tiger.
Anyway happy to be connected with everyone and learn more along the way. Good luck everyone, cheers!
Comments
Interesting that Tigerbrokers appears more amenable for estate planning considerations. Need to look into that for myself too.
The multi-leg orders are a relatively new feature in Tiger. Since, I am a relative greenhorn, I generally create multi-leg situations piecemeal, surely not the most effective or efficient.