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If you do make more 10 trades per month with Ally, you are eligible to receive a streaming data system including level II quotes, charts, news, etc) free of charge. Selling covered calls is at the lowest level because the calls are covered by the stock you own, hence the term covered" meaning if the stock does hit that price and you.
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Most will approval you to at least level 2 TradeKing or OptionsHouse would probably be a better bet in your case. Unlike TradeStation, Ally Investformerly TradeKing) is technically a deep discount broker as reflected in its commissionsoptions traders pay a4.
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