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#1. Does not matter #2. Does not matter because a non-clearing FCM must have its customers' trades cleared by a clearing FCM. #3. Yes, you should check Background Affiliation Status Information Center (BASIC) for any FCM or Introducing Broker you do business with...

You can't hedge the SPX options with the SPX index. SPX index is not a tradable symbol. You can only hedge the option trades with SPY or ES futures or ES options. The cost of using SPY is too high for a market maker.

Please show us an example with the message. The limitation might be on the COB not with IB.

On a side note, I'm not sure what greeks you are comparing, The SPX is priced vs the ES future until it get near expiration, then the SPX cash index. SPY is priced vs the SPY ETF.

What does ppl stand for?

Hi SabreMan, I'm going to disagree a little. I agree that an account with $1mm needs to play larger than one with $100K. I'm not sure that an account with $10K should play bigger than one with $25K. You have to consider what you can afford to lose if that is all you have. When we get beyond...

1. You need to develop a strategy that works for you and determine what time of day you have the highest level of confidence. 2. This question is too general. No one can really answer that for you. 3. If you are going to use options to hedge the future, it would make more sense to use long...

LS1Z28, I do not know anything about AWX that you can't read online. AWX is a NYSEAMEX listing. You can contact the NYSE and ask them if the stock is being investigated in any way. They might or might not tell you, but it seem to be your only avenue of complaint...

This is my last comment. I'm trying to help. If you can't afford to lose 4.58 points on 200 shares, you should not be selling naked puts. That money is lost already. Now you have to choose what you want to do. It's your money, Bob

So sell the stock and sell the puts you want to be short as a spread. Discipline.. Then you end up with the trade you wanted and move on.

Makes no difference. You either want to be long or not. It is a matter of discipline. Trading options around it creates bad habits.

Honestly, this is a terrible way to make decisions. You are long 200 shares. The cost is only relevant for taxes. You either want to be long the 200 shares or not. This was obviously not a day trader or short term trade. If your expectations have not changed, stay long. If you think you were...

The CBOE did expand SPX trading hours. Most brokers do not offer this before market trading because: Then they have to staff that time period with the ability to provide trade support and risk. Volume is very low vs ES Options during that time. Your trading software has to provide access...

You pay attention more than me. That said, I believe not only in customer priority but also time order priority. I believe customer priority should preempt time order priority because it is a single list. I could make a case for time order priority taking a back seat to customers in options that...

Your P/L today is based on the 4pm ET close of the options, not where they will open tomorrow. You will see your loss in the morning after 9:30am ET.

I just want to add that in a PMA, you can hedge SPX options with SPY and get a margin offset. I'll make 2 general statements that will not apply to everyone. For smaller retail accounts or for those with less option experience, I would stick with SPY. For larger retail or institutional...

I would say if it did not benefit CBOE permit holders, they would not have pushed for it. I would say this makes it harder for a retail customer to buy on the bid and sell on the offer. So, yes. Yet another rule change the SEC should have rejected.

destriero, What is vola? Except being part of the betting, our rates are much better than $1 ($0.60/option including the OCC fee of $0.05) . You can each share your monthly statements with each other and each of you can use this promotion to get started. https://www.lightspeed.com/10k-2018/...

And where would profits for this new prop firm be generated from? What would you expect the prop firm would require in capital? What asset classes would it cover? Would the prop firm be registered with the SEC or be a CPO? I don't really need to know the answers, as I expect this business model...

We also offer Silexx. I like it very much for option traders.