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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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Joined Feb 2007
L10: Grand Master
> bubble2 14,356 Posts
sarcasmogratis
06-06-2020 at 11:36 AM.
06-06-2020 at 11:36 AM.
"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
Reply
Last edited by sarcasmogratis June 6, 2020 at 11:39 AM.
Joined Dec 2016
L1: Learner
> bubble2 436 Posts
126 Reputation
couchy
06-06-2020 at 11:38 AM.
06-06-2020 at 11:38 AM.
Penny stock scam?
1
Reply
Joined Dec 2006
L5: Journeyman
> bubble2 881 Posts
233 Reputation
japanimator
06-06-2020 at 11:39 AM.
06-06-2020 at 11:39 AM.
That website looks like a spam page. Pretty bad.
1
Reply
Joined Jan 2011
L9: Master
> bubble2 5,967 Posts
1,217 Reputation
mrdizle
06-06-2020 at 11:43 AM.
06-06-2020 at 11:43 AM.
The name is stupid... Tastyworks
1
Reply
Joined Jun 2019
L2: Beginner
> bubble2 2,140 Posts
487 Reputation
Original Poster
Pro
Fanime
06-06-2020 at 12:13 PM.
06-06-2020 at 12:13 PM.
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.
Reply
Last edited by Fanime June 6, 2020 at 03:41 PM.
Joined Jul 2019
L2: Beginner
> bubble2 29 Posts
14 Reputation
sarinp04
06-06-2020 at 12:20 PM.
06-06-2020 at 12:20 PM.
I got Pitney Bowes, sold for $2.70/share

Need to keep money + stock value in account for 90 days
Reply
Joined Jul 2008
Howdy.
> bubble2 4,602 Posts
563 Reputation
MrStealYourHamster
06-06-2020 at 12:22 PM.
06-06-2020 at 12:22 PM.
Never heard of this pos site
Reply

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Joined Jun 2019
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> bubble2 2,140 Posts
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Fanime
06-06-2020 at 12:22 PM.
06-06-2020 at 12:22 PM.
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!
Reply
Joined Jul 2019
L2: Beginner
> bubble2 29 Posts
14 Reputation
sarinp04
06-07-2020 at 07:53 AM.
06-07-2020 at 07:53 AM.
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
Reply
Joined Sep 2009
L6: Expert
> bubble2 1,299 Posts
d0min0
06-07-2020 at 07:58 AM.
06-07-2020 at 07:58 AM.
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.
Reply
Joined Jun 2019
L2: Beginner
> bubble2 2,140 Posts
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Fanime
06-08-2020 at 07:08 AM.
06-08-2020 at 07:08 AM.
I got weak hands, sold my shares for $1k, gonna take it out in three months.
Reply
Joined Jul 2019
L2: Beginner
> bubble2 43 Posts
20 Reputation
S9aghist
06-08-2020 at 08:08 AM.
06-08-2020 at 08:08 AM.
If I have several LLCs, can I do an account for each one?
Reply
Joined Jun 2019
L2: Beginner
> bubble2 2,140 Posts
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Fanime
06-08-2020 at 01:04 PM.
06-08-2020 at 01:04 PM.
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.
Reply
Joined Jun 2019
L2: Beginner
> bubble2 2,140 Posts
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Original Poster
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Fanime
07-09-2020 at 08:09 PM.
07-09-2020 at 08:09 PM.
Deal updated with choice of 100 Shares or 10 Options
Reply
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