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Correct. But do not assume that procedure is best for price discovery.

Here you go. https://www.interactivebrokers.com/en/index.php?f=610

Not sure what you are asking. If you have different legs of an order, that implies a spread. Spreads are entered as one order and you get one trader on the other side of both legs. There is no legging at the exchange level. You either submit a single leg or a spread, The Spread goes to to the...

It is a saving account. My checking pays nothing.

I have my "CASH" in a high yielding savings account (Right now 1.85%) and I just bought T-bills at auction with Treasury Direct.

Excellent.

The clearing broker I mentioned require $10mm or more to get clearing. Accounting/regulatory can run for a single member $1000 to $1500/month Actant Quote is about $3500/month plus non-display market data which could run $12K/month plus hosting. Exchange trading permits are the least of your...

Whatever gives you confidence to properly manage your sizes and when to enter and exit.

No, not even close. My comments were for US Listed option market makers that are members of an option exchange and have quoting and regulatory requirements. Bob

You should not seek this type of advice here as the details are too important. I suggest you get get a consultation from https://greentradertax.com/

Yes, there are a small number of option MM that are but most are not. Most clear at either GSEC, ABN AMRO or ML Pro.

I would add regulatory costs, fragmentation (15 exchanges), PFOF and the percentage of option volume crossed on exchanges from off floor brokers that a electronic MM would have have access to.

I'll give you an example. You have no position and want to enter one order on both sides of the market. You enter: Buy 10 at 1.00 (Your broker sends buy to open (BTO)) Sell 10 at 1.05 (Your broker send sell to open (STO) First, you can't do this on the same exchange as priority customer...

We do not have Universal accounts with a sweep. Monies at Wedbush Futures are not protected by any type of SIPC. Most of our business is Equities/Options with custody at Wedbush Securities with SIPC and Excess SIPC. We offer Cash, Reg-T margin (2X for DT and 4X for DT) and Portfolio Margin. The...

I read this a few times and started and stopped a few times trying to determine how best to offer advice. Like tommcginnis, now my head now hurts a little bit. This is what I decided to focus on. Your #2. money management You have to have a process to rate your set ups in #1. You have to have...

Option Market Makers do not require a located on HTB stocks to sell short-customers do. Option Market Makers are not required to tag bid/offers as open/close-customers must. Option Market Makers get market maker margin which is better than Portfolio Margin Option Market Makers income is 60%...

We have a relationship with them. Email me your name, phone number and I can pass that to them and they will contact you.

https://marketchameleon.com/

If you are talking to me, we introduce to Wedbush Securities. Wedbush is a family owned self clearing Broker Dealer and FCM with about $165mm in net capital. Look back at BDs that failed. Big did not offer more protection. In fact LB, ML, BS, MFG etc were all large brokers. Good luck, Bob

We offer Realtick and CQG. The orders go directly to the exchange. Does that help?