Recent content by 1pyramidtrader

This is probably something to do with that useless $25,000 day trader pattern useless rule from the useless S.E.C. he probably is doing an offset on the call side and put side without having to close his original trade and thus trigger that useless day trade crap. So many things to wrap the mind...

everyone knows the SEC is nothing but a money extortion racket. as far as all this climate change and crap like that, they have to keep creating useless rules so more and more people and institutions will fall victim to the SEC rule based money extortion machine. Just ponder this. Before the...

I had to pay out because of the gains from selling index options and the interest income on the capital used to support the trades. Damn thing even hit me with a penalty also said I should pay an estimated tax payment to avoid the penalty next year. As far as the 1256 gains and the AMT, I think...

1256 is nice as far as tax treatment but if you pull in any gains of size you will be hit with a.m.t. tax. i had that hit my tax return this year liked to puke. i had a loss carryover that muted it but if things hold true this year, i will take the a.m.t tax hit. i guess it is "white people"...

That damn fee starts small but goes parabolic if you start to push positions up I hate it

Go to about 1:20 into the clip

How about getting off this $ .05 minimum on index options. Why not have the $.01 tic size that we have on stock options. This change is long overdue

I guess a few are still holding out for the big Enron comeback

In my mind a great trader is one who has long track record with few draw-down and shallw at that. Edward O. Thorp had a record of close to 20 years and only a few down months. Stephenie A. Cohen has a similar record in his early days. I saw a track record on fundseeder.com where an account went...

i got it figured on the interest money market sweep. you need to be sure that you have the securities account selected as the fund for cash on hand. i had it all in the us commodities section. so excess funds need to sweep to the us securities section to get the money market rates. a large...

well not to get to deep into it, i will tell you the account position over this weekend cash balance is $218,990 only position in the account over weekend is long 25 calls es (e mini s and p 500) strike is 4200 short 25 calls es strike is 4150 initial margin is...

this account is in settled cash at all times. it is my understanding that when options are net sold that net sale price goes into settled cash and thus should get the interest sweep. i have posted an open ticket to them. i ran up on a thread on another site where a person had a balance of 500K...

all trading is a minus sum game. the brokers and the SROs are going to sweep some from the table. the market maker is trying to make his bit, too. now that said we do get a nice electronic world to trade in. that infrastructure is worth a great deal the back office operations is first class, in...

with rates going up a bit, i was wondering if anyone on here knew anything about interest paid by IB on cash balances. I have about 200K in the account that i uses to support option credit spreads. their web page interest calculator said that this account should be making about $3400/ year. I...