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Tastyworks.com - Receive 100 shares or 10 Options after depositing $2k for 90 days

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https://info.tastyworks.com/10or100

Must keep $2k/proceeds in the account for 90 days.

FAQ:
https://support.tastyworks.com/su...4350308276


Choice of 10 Options or 100 Shares

10 Free Options:

You'll receive 10 Long Calls or Puts of liquid equity products.
Use your awarded options to build on existing positions or create new ones.

100 Free Shares

You'll get 100 shares of liquid stock.



Customers that opt for the Options Award can expect the following:

​​10 Long Calls or 10 Long Puts

Valued between $0.15 to $0.25 per contract ($15 to $25) at the time of purchase
Average total value: ±$200 (can be above or below)
Average Days to Expiration (DTE): 15-25 days


Customers that opt for a Stock Award can expect the following:

100 shares

Valued between $1-$6 a share at the time of purchase
Average total value ±$200 (can be above or below)

Who is eligible?
NEW CUSTOMERS ONLY
Must be 18 when you open the account
Must be a US Resident

What accounts types are eligible?
Individual (cash or margin)
Joint (cash or margin)
LLC, Partnerships, S-Corp, C-Corp (cash or margin)
Trusts or IRA accounts are not eligible.

Promotion Period
New customers that register with tastyworks who open and fund an account with $2,000 or more from July 1, 2020, to December 31, 2020, with the referral code STOCK_AWARD_20 are eligible. You must enter the code when you register with tastyworks when completing a trading account application. If you are a new customer and forgot to enter the referral code, then please click here.

Can I choose between a stock or options award?
Yes, you may! After entering STOCK_AWARD_20 into the referral code when initially registering with tastyworks you will have the choice of what kind of award you would like to receive.
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Created 06-06-2020 at 10:42 AM by Fanime
in Finance
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19 Comments

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This comment has been rated as unhelpful by Slickdeals users
Joined Feb 2007
L9: Master
5,780 Posts
#2
"Stock will be randomly selected by tastyworks from a list of eleven (11) stocks priced between $1 and $6 USD. The list of Stocks is determined by an algorithm and Stock value may change frequently due to market activity and will be adjusted by tastyworks in its sole discretion. The odds of specific stock allocation is implemented as follows: there is a 70% chance of receiving Stock priced under $2.00 per share, and a 30% chance of receiving Stock priced over $2.00 per share. The value of Stock received will average $200-$220 USD based on the price of shares at which the Stock is purchased by tastyworks. "

seems like $250 might be ambitious OP.

hoping someone with better eye for these deals can point out the various fees/drawbacks.
credit pull? length of keeping account? etc

Fee list:
https://tastyworks.com/commissions-and-fees
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Last edited by sarcasmogratis June 6, 2020 at 11:39 AM.
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Joined Dec 2016
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#3
Penny stock scam?
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Joined Dec 2006
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#4
That website looks like a spam page. Pretty bad.
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Joined Jan 2011
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#5
The name is stupid... Tastyworks
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Joined Jun 2019
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Original Poster
#6
Quote from sarcasmogratis
:
"Stock will be randomly selected by tastyworks from a list of eleven (11) stocks priced between $1 and $6 USD. The list of Stocks is determined by an algorithm and Stock value may change frequently due to market activity and will be adjusted by tastyworks in its sole discretion. The odds of specific stock allocation is implemented as follows: there is a 70% chance of receiving Stock priced under $2.00 per share, and a 30% chance of receiving Stock priced over $2.00 per share. The value of Stock received will average $200-$220 USD based on the price of shares at which the Stock is purchased by tastyworks. "

seems like $250 might be ambitious OP.

hoping someone with better eye for these deals can point out the various fees/drawbacks.
credit pull? length of keeping account? etc

Fee list:
https://tastyworks.com/commissions-and-fees
There's no credit pull, just make sure you select the individual CASH account option (not margin) when signing up.

Money and shares (or money from selling the shares) must be kept in the account for 90 days from issuance of bonus.

I've seen data points of $100s to $500s in terms of bonus range, there are some data points on doctorofcredit. $200 seems to be a fair average, but there's always the chance it's a $1 stock. I received my bonus today and it was closer to $6 when it was purchased, now worth significantly more after the rally two days prior. Since it takes 3 days for the shares to settle, the price may be higher or lower than what tastyworks bought it at 3 days prior. Bonus posts 3 days after the 2k is deposited.

Yeah the site is kinda confusing and I'm not moving my investments over to them anytime soon, but they're a legit brokerage aimed at options trading.

They're the guys behind ThinkorSwim, which was sold off to TD Ameritrade a few years back.
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Last edited by Fanime June 6, 2020 at 03:41 PM.
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Joined Jul 2019
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#7
I got Pitney Bowes, sold for $2.70/share

Need to keep money + stock value in account for 90 days
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Joined Jul 2008
Howdy.
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#8
Never heard of this pos site
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Original Poster
#9
Quote from sarinp04
:
I got Pitney Bowes, sold for $2.70/share

Need to keep money + stock value in account for 90 days
Didn't hold? We all know stonks only go up! Thanks JPow!
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Joined Jul 2019
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#10
Quote from Fanime
:
Didn't hold? We all know stonks only go up! Thanks JPow!
I would have but thier platform is just terrible, so complicated to use
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Joined Sep 2009
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#11
tastyworks was built by the same people that built think or swim. i've been using it for a month or two. i got in on this promotion and got $400 worth.
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#12
I got weak hands, sold my shares for $1k, gonna take it out in three months.
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#13
If I have several LLCs, can I do an account for each one?
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Joined Jun 2019
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#14
Quote from S9aghist
:
If I have several LLCs, can I do an account for each one?
It's been discussed but I haven't seen any data points of any one trying it.
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Original Poster
#15
Deal updated with choice of 100 Shares or 10 Options
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