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  1. Robert Morse

    relationship between price and orders

    Same time, same data. If delayed, it is their software or the data feed. You are dealing with a free mobile app with free commissions. You can't expect the same performance as Lightspeed on a Broadband connection like in the screenshot I showed you.
  2. Robert Morse

    relationship between price and orders

    I would say you need to ask them why Time and Sales and the Charts are not in sync. It might be a data limitation for a mobile.
  3. Robert Morse

    relationship between price and orders

    mute9003- I'm not sure I understand the question. Based purely on " relationship between price and orders," The order gets sent, It either posts or pairs with another order on the other side. If it trades, it hits time & sales. The bars on the chart are populated by the sales. If your trading...
  4. Robert Morse

    Options sale question

    SN?
  5. Robert Morse

    Options sale question

    Maybe not the best place to ask tax questions, based on the responses. SPX Options are 1256 Contracts and MTM at the end of each year. They are not subject to wash sales. You can buy/sell/buy as many times are you want, but 1256 contacts do not differentiate realized from unrealized gains and...
  6. Robert Morse

    Does anyone know about successful Trader?

    Yes. I’m out today but will respond when I get back.
  7. Robert Morse

    Does anyone know about successful Trader?

    I’d I’m your salesperson, you would contact me for customer service or the service desk. You would use them for trade support. You can email and or call. For trading issues, emailing creates a ticket that they or I respond to. Customer support is not a problem.
  8. Robert Morse

    Does anyone know about successful Trader?

    Once the account is open, every customer follows the same rules. There is not one for domestic and one for customers from China. Currently, I think Lightspeed Trader has two premium locate providers besides our clearing firm. Sterling had one but we were adding two more. Not sure today if...
  9. Robert Morse

    Does anyone know about successful Trader?

    Astrot- My name is Robert Morse and I’m with Lightspeed Financial Services Group. We are Introducing Brokers to Wedbush Securities and I'm a sponsor on Elite Trader. We have a fair number of accounts from China and add a few each day. Most use Sterling Trader Pro but you can also use Lightspeed...
  10. Robert Morse

    Which broker to use if you're starting a prop firm?

    Just call me tomorrow to discuss it. It would take too long to type. In general, a group of investors put up money and hire traders. There are a number of forms of this. It depends on the company goals and how they want to meet them.
  11. Robert Morse

    Synthetic Options vs Normal Options

    BINGO
  12. Robert Morse

    Synthetic Options vs Normal Options

    A better explanation would require too much typing. If this does not work, try and google it or call me tomorrow. if you do this 10 times, it requires $524,730. The profit over 5 days is $270. 270*(365/5) = 19,710. 19,710/524,730 = 0.03756. With those values, if you can do this every 5 days with...
  13. Robert Morse

    Synthetic Options vs Normal Options

    Interest. If the Fed Funds were 0%, the discount would be tiny. If Fed Funds were 10%, the difference would be much greater. You also need to take into account dividends, but I do not see any this week.
  14. Robert Morse

    Synthetic Options vs Normal Options

    $0.27 profit before commission and regulatory fee per option? what is it after all fees? $0.27 net comes out to about a yearly return of about 3.75% and only for 5 days. Do you consider that good? And if the SPY pins to 525 Friday and you need to close it? And if you need to borrow money at...
  15. Robert Morse

    Synthetic Options vs Normal Options

    I can't tell from the picture. What is the net price you expect to trade this conversion on the SPY May 17, 2024 525 conversation.
  16. Robert Morse

    What is volume discount given by CME to brokers ?

    The discounts are not for your broker. They are for you if you buy or lease a membership. https://www.cmegroup.com/company/membership.html
  17. Robert Morse

    IV Percentile

    I do not think it offer that metric of a compassion to the past. To be honest, I've never seen that.
  18. Robert Morse

    IV Percentile

    Get your own login for the CME website. Sign up for QuikStike. https://www.cmegroup.com/tools-information/quikstrike.html
  19. Robert Morse

    Orders Tied To The Bid/Ask

    This rule does not apply to Options on futures traded on the CME. The CME has different rules.
  20. Robert Morse

    Orders Tied To The Bid/Ask

    Regulatory Circular RG16-064 attached. If you cancel-replace, each time you enter an order (The replace) it counts. If your broker has an option algo that is sending child orders out, but you enter one order, you need to ask your broker how they count that. It might have one order ticket...
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