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Oc is correct somewhat in saying that iv plays a smaller part in the pricing of spreads although I hope he knows that OTM verticals expand when vols expand. A lot? maybe not but when u are talking about teeny spreads which are done in size, these extra teenies add up. What is not discussed...

Bright's fees are a tad high BUT it is all in . Unless you are 70% price making with ECN's it is much closer than u might think. I see posts here saying u can get .003 and at a glance it seems more than double. Armed with that , I joined a group at 0035 last year and by the time I add up my...

Too much knowlege that I can't trade to save my life.... Sometimes it is better to do one thing well than 5 things so so...

Stereo brings up a very interesting point which has rarely been brought up -the role mkt structure played in a trader's success..or failure. Serendipity might be the word for it. PnL's of traders sometimes go parabolic when they were in the right place at the right time. The great ones triple up...

you should bring out more of your funny side. That pic and joke is funny.

Their ET banner ad shows that now they trade options. Their website now shows them as ISE members. Can anyone trading with Genesis confirm if they do indeed have options connectivity? Thanks

I should've phrased it as Reg nms could be one of the final nails in the OO's. As much as I hate to see and admit it, here are some probable reasons.. 1. fragmented market-with Reg NMS, the buysides might have other alternatives than routing solely to NY since they know that their order at...

Nitro, the 10K sub acct deposit is not just a way to keep score. Class B contributions determine how much leverage u can get but the most critical aspect of that "mere" 10K is the fact that that is the floor after which the Class A owners will push the" liquidate all positions" button.

Nitro , You and Mav raise very cogent points about the state of firms these past years. I tend to agree with Mav about the reason very few offer options (i.e. little money in them). I got it straight from the Class A member of a firm here based in the NYC area. He basically said such.In...

Good point about how the position morphs from being 100 sh to much greater esp when u have long wings. That being said, if you are trying to capture a $2 move in the stock in a space of 1-2weeks, the vig might be too big to overcome if you stray away from a simple ATM put vertical sale (for...

Hi y'all. Was doing some spread comparos tonight trying to think of some spreads w/ diff payoff structures , risk reward to approximate a 100 shares of stock. Some strategies are basic such as verticals and some not so vanilla like embedded calendars with OTM calls,etc However, it occured...

Congrats on the good day . I do have a question. Why did you buy all those combos 36 on the put and 20 on the call and only scalp 200 sh. Were you just equalizing deltas on those extreme fade points? Hence the huge qty of calls/puts? Thanks

About 3 hours too late but here it is crush!! from 85 to 56 and dropping.

oPen to mkt on close ..wow sounds like that Michael Parness-Trend traiding to win...LOL

So you'd buy the Jun 45p 50c combo fo about $4 and scalp stock by fading near those striKes thinking you could make $4 or more in scalps in 22 days?

Well, I modeled it corectly with iv going to 55 opening BUT now it is rising again post earning . Un believable . Losing about 60 on the fly, but am trying to turn it into cal since the m1 vs m2 iv is still pronounced

B Jun 50 x 1 S Jun 55 X 2 S Jun 60 x 2 B 4 Jul 65 x 4 "hell freezes over" exposure -$92 Joyg to 92 + 564 2 sgima exposure -92 max peaking at 231 bet 52 to 62 That is dropping the vols across the board to 55IV

TradeCobalt. I love Sterling and would like to know the latest about their options module. I was told by their tech that it was forthcoming....in December 05! Any better news about it would be appreciated. Thanks

Thanks for the suggestions. I guess the biggest issue I need to solve is that I don't really need the entire montage per ticker. In addition, since I might have a list of 100 tickers, doing it manually might take hours. Basically I need to be able to submit the options OPRA symbol (i..e QQQ AD)...

Thanks IV, the $20 is for stocks, $35 for options and I still don't know if they have OI data. I shall keep looking. I am sure there something out there.I am really suprised IB does not expose OI info in their API.