Recent content by Apologetik

All I did is close the partnership account and old personal account with pro trader status. I then opened a new personal account. I did not ask permission and have been this way the last three years. Not certain if it is different being defined as a professional trader because of account type...

I was classified as a pro based upon account type (partnership). Once the partnership dissolved I was able to revert to non-pro in a new account with IB.

I have settled, with IB, and the 'covered call' works fine. Check that contract specs always to make certain the option you are trading settles to the contract and not cash. Also, double check the option for what future contract it is on. That way you are settling Sept to Sept or Dec to Dec...

I use IB to sell options on futures. When I called many of the smaller futures brokers compliance did not want to deal with a seller of my account size (I was going to bring in $100.000-250.000 for this account). It was recommended to use a FCM (ADM I believe), I never reached out and stayed...

The rest of the story..... The government issues bond, the treasury auctions the bonds to private wealth funds and entities (eg banks,...). The FED buys (and can sell or hold) govt instruments in the secondary market (as well as other instruments (eg MBS) via the NY FED. The FED buys the...

I assume my lawyer setup something like this... https://www.drobnylaw.com/articles/designating-a-trust-as-beneficiary-of-individual-retirement-account-benefits I used it for my life insurance policies and financial accounts as a second after my spouse.

WFM seems to work best in project oriented positions. If I need X done by X date I do not really care how it is done.

I used a trust set up for my children as the beneficiary.

Garbage unless it is not, but very hard to research if not independently audited. I find the best legitimate penny stocks on non-US exchanges. I have a penny stock that has paid out $0.035 USD in the last 6 months on a stock I paid 0.071 SGD per share for. Still highly speculative, but worth it...

I had a student in this situation a few years back (2006 or 07). He pounded the pavement in Southern California and hand delivered letters of interest and resumes/CVs to every fund from the Mexico border to Six Flags. He personally watched numerous people put his application in the trash after...

In my experience in the US, wire transfers of up to a million happen in very short order, although my bank calls if I initiate electronically to do voice verification/confirmation. When I sent money abroad via swift it did take two days I believe.

You ask a question that economists stopped asking almost 100 years ago.... But Marx and Smith might have posited a labour theory of value, others could adopt a capital value theory or some hybrid. The business answer would be nothing has value other than what someone else will pay for the item...

Try selling the option to get the shares called away (not without risk)?

Go to a library and look for old Morning Star or similar resources...that is were I went for research pre-internet. My fear is that those institutions have sold the data off to raise funds and make space. If so an academic or larger library system might have it. Also, try the way back machine...

Not very quickly I think...I might use Starlink at my mountain home (lucky to get 5/1 mbps), but they have a long way to go to get my city business (400-500mbps up and down with low latency). Also much of the legacy business is tied to mobile (not Starlink yet, if ever).