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!
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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.