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  1. Robert Morse

    SPY going to $260?

    Give me a quick call if you want. My number is below.
  2. Robert Morse

    SPY going to $260?

    OK. This is my last try. The ONLY difference between realized and unrealized losses are for taxes. YOU STILL LOST MONEY.
  3. Robert Morse

    SPY going to $260?

    Building a Stock Position by Writing Put Options IMO will make you broke faster than any other strategy.
  4. Robert Morse

    SPY going to $260?

    NO. July 260 puts went out at about 2.25 yesterday. The 287 puts (ATM) were about 7.45. If the SPY were to drop quickly to 260, implied vol would be much higher so the put you sell at 2.25 would be much higher than 7.45 if that were to happen quickly cause an unrealized loss of well over 5...
  5. Robert Morse

    SPY going to $260?

    All I can tell you is if you are right, your strategy will lose money. The put you sell today will explode as the SPY falls. Maybe if you do not have a good understanding of that, sell options is not a good idea at this point. Good luck.
  6. Robert Morse

    SPY going to $260?

    If you think the SPY will drop from 285.50 to 260, why would you sell the 260 puts today?
  7. Robert Morse

    When is micro emini available on IB?

    Nearly 1.3M Micro E-mini Futures Traded Since Launch S&P 500│Nasdaq-100 │Dow Jones Industrial Average │Russell 2000 In the first three days of trading, Micro E-mini futures volume reached nearly 1.3M total contracts across the four indices. Traders worldwide are taking advantage of new Micro...
  8. Robert Morse

    Centerpoint Securities vs Cobra Trading

    I understand. When there might be a legal issue, I'd rather not post a general statement that might not apply to all.
  9. Robert Morse

    Centerpoint Securities vs Cobra Trading

    I'd prefer to discuss this over the phone with the person interested.
  10. Robert Morse

    How to use two time & sales windows for a single stock on Lightspeed?

    I tried playing with it. When I change the min level in the Level 2, it changes the time and sales window too. when I bring up another L2 and another time and sales, the mins are linked. So you can't see two filters that way.
  11. Robert Morse

    How to use two time & sales windows for a single stock on Lightspeed?

    Any other questions about Lightspeed Trader I can help with? Does anyone want a demo? If anyone requests a demo, please say you heard about us from Elite Trader so I can be your rep. https://www.lightspeed.com/demo-request/
  12. Robert Morse

    How to use two time & sales windows for a single stock on Lightspeed?

    On the Level 2 window, there is also time and sales. So on that window you can set a min size for trades. In this case 10 = 1000
  13. Robert Morse

    Centerpoint Securities vs Cobra Trading

    As we are the broker on our accounts, it would be up to us to manage SMA. Yes, we can. All our software can be enabled for multiple accounts with a pull-down.
  14. Robert Morse

    How to use two time & sales windows for a single stock on Lightspeed?

    The only filter is by the exchange. But, you can sort from largest to smallest. The one on the right shows the large trades on top.
  15. Robert Morse

    Trade in spare time or go to trading firm?

    I'm not a fan of most JBO prop firms. The exception would be if they can offer technology you can't get on your own. E.G hosting or MM capabilities.
  16. Robert Morse

    Trade in spare time or go to trading firm?

    If you are looking to be hired by a traditional prop firm, this is not the right path. If you want to join a prop firm where you can trade part time but your cash is first loss, they take anyone that is not a criminal and only care about your volume.
  17. Robert Morse

    CROSS no more?

    Or, maybe you're right and it was the SEC. See attached Disclosure 7.
  18. Robert Morse

    CROSS no more?

    I have no idea why Citi is shutting it down but we offer dark pools from ITG, CS, Barclays, VIRTU, and Instinet. I expect there are just too many and Citibank does not compete well in the space.
  19. Robert Morse

    CROSS no more?

    "In first-quarter 2019, Citi’s equity trading revenues declined 24% on account of lower market volumes."
  20. Robert Morse

    Recommendations for best trading platform to short shares?

    I would say that Wedbush Securities, our clearing broker, offers good locates but IB might be better. What we do offer that IB does not are premium locates from Velocity Capital which is a built-in tool in Lightspeed Trader and Sterling Trader Pro. This service often has locates when other...
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