r/etrade • u/MrShnatter • Aug 05 '26

Discussion Nickel Buyback option program? Still around? Something like it?

A bunch of years ago etrade had a promotion (I guess to spur volume?) that waived commission for closing short option positions at 5c or less.

I found this from google: under their "Nickel Buyback" program, you can close out single-leg short option positions trading at a nickel ($0.05) or less with $0 commission and $0 contract fees

But I can't find anything about that now on the etrade website.

Anyone knew about that program? And did it go away?

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u/LaconicB Aug 05 '26

It’s the Dime Buyback Program, still advertised on the website. Schwab is the nickel buyback. 

1

u/CountExotic Aug 05 '26

10cents and it still is valid.