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  1. Robert Morse

    What options scanner do traders here use?

    LVX is real time. Watch some of the videos. Spreads too. https://www.sterlingtradingtech.com/voltrader-tutorials/
  2. Robert Morse

    I have to call BS on this!

    That was a clear set up for a joke, but I decided to pass.
  3. Robert Morse

    I have to call BS on this!

    Is that what you did?
  4. Robert Morse

    I have to call BS on this!

    For those that make $500,000+ year and spend all their money, let me play you a sad Song on the World's smallest Violin.
  5. Robert Morse

    I have to call BS on this!

    Sorry, sle, but someone working in NYC does not have to live in NYC. They do not have to spend $1.2mm+ on their home ($5000/month is about a $1mm mortgage) and do not have to send their kids to private school. There are a number of good public schools in northern NJ, Westchester and Nassau...
  6. Robert Morse

    What options scanner do traders here use?

    Check out an LVX demo for an option scanner but not for spreads https://www.lightspeed.com/trading-platforms/livevol-x/ To back test option spreads, look to https://cmlviz.com/signup/options-success-www.php
  7. Robert Morse

    Tax question

    Consult https://greentradertax.com/. Might be too late for 2018.
  8. Robert Morse

    ES/NQ Trading - looking for solutions

    I have to disagree, there are times when NASDAQ has more intraday movement than S&P and times when you can be long/short.
  9. Robert Morse

    ES/NQ Trading - looking for solutions

    With just this information, I'd say your position sizing is the culprit. Part of good risk management is position sizing. I do not know what your trigger or set up requirements are to enter a trade (and I do not need to), but the reality is that they do not all offer the same expectancy. What I...
  10. Robert Morse

    Strange Open Interest Behaviour

    It could also be part of a long/short portfolio or vs stock. Quick story-When I was a MM on the floor, one of the Options I made markets on in the early 90's was Union Carbide. There were always takeover rumors. Once every 3 months, an order would come in to buy 3000 OTM calls. About 10% OTM...
  11. Robert Morse

    Strange Open Interest Behaviour

    Except one option is only one side of the picture. You can't see their portfolio.
  12. Robert Morse

    Does a Prop Firm like this exist?

    That requires joining a prop firm, getting registered with them, commingling your assets and risking your money next to other traders and a lock up of 1 year with your funds. I'm not a fan of JBO type prop firms where your money is first loss unless they provide technology you can't get on...
  13. Robert Morse

    Does a Prop Firm like this exist?

    GlobalMacro90, Would you like to provide a general description of you, the asset classes you trade and a general strategy you focus on? And, is that systemic or discretionary. If you do not want to do it publicly, email me.
  14. Robert Morse

    Does a Prop Firm like this exist?

    The fact is that I'm part of the NYC trading community. That has overall shifted from Market Makers and backed day traders to hedge funds and CTAs. The Chicago trading community is more entrepreneurial and is more apt to have deals like you are looking for if you know the right people. I do not.
  15. Robert Morse

    Does a Prop Firm like this exist?

    GlobalMacro90, I'm trying to understand the point of looking to double your BP but only keep 50% of the profits and losses. Basically you end up with the same, but have a partner. What would make more sense based on your desire to get more capital even if you have to risk yours too, is to find...
  16. Robert Morse

    Does a Prop Firm like this exist?

    No. You would have to find a partner or private deal with an investor. and if you find an investor to do this, a 50/50 split is too low. You should get paid as an investor and the trader.
  17. Robert Morse

    Strange Open Interest Behaviour

    thank you.
  18. Robert Morse

    Strange Open Interest Behaviour

    Can you share your experience with Iqfeed? Since two of our platforms with APIs are subject to non display fees it would help me to have an outside data source for those clients.
  19. Robert Morse

    Strange Open Interest Behaviour

    Maybe there was more than one party trading with another or one person was part open/close. Either way, not unusual.
  20. Robert Morse

    does IB charge short strangle now as double margin??

    If you have a Reg-T margin account, the margin requirement does not provide an offset for naked short calls and puts. You need the full margin for both. If you have a PMA, the OCC only looks at the side that would cause the larger loss with a shock of 15% on an equity, not both. IB can require...
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