Recent content by Finchy

Besides limiting one's upside, is there any other risk to selling deep ITM calls versus outright shorting of a stock? (Assuming the stock pays no dividends) There is a hard-to-borrow stock I want to short, so I was thinking to sell some deep ITM calls a few months out instead. I think it will...

Exactly, Bright is no longer in the commission game, they are in the lending money game. Nothing wrong with that in itself, but it affects the advice they give to their traders, which is frequently not in traders best interests but in the interests of Brights bottom line. For example, They...

Quote from Don Bright: Actually, our commission revenue is down considerably, and doesn't even concern us that much overal - our net pricing is down 40%, obviously GS has not come down. As you mention, the use of capital, although cheap at 3% per year (for our JVC, and average for normal...

Correct. Firm takes market risk in exchange for percentage of the profits plus whatever commish markup they decide on.

Besides First New York and Schonfeld, are there any other good firms that offer backing/a profit-split for traders with a track record?

Any brokers where one can trade stocks on the Shanghai exchange? Cant do it on IB or Etrade from what I can tell. Thanks, Finch.

Called up GSEC a year ago and they said 10M minimum for enhanced (>Reg T) leverage for prime brokerage account. Wondering if they (or any of the other big prime brokers) have offered portfolio margin to their smaller clients since it became available. Or are the 5-10M accounts still SOL/forced...

Is IB the only firm out there paying credit interest on short stock balances?