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    best futures broker

    Likely not. See https://www.interactivebrokers.com/en/?f=ibgStrength&p=acc "... under Interactive Brokers LLC excess SIPC policy with certain underwriters at Lloyd's of London for up to an additional $30 million (with a cash sublimit of $900,000) subject to an aggregate limit of $150...
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    Beginner..All advice welcome

    Excellent list! Baird is an easier read and is high-level - it is all about one overall approach and risk. Cottle is mostly mechanics (which you do absolutely need) but is excruciatingly detailed (which is probably good for most newbies) and time-consuming. Some of the others are...
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    CFDs and American Citizen

    I will PM them to you ........they are not allowed to solicit in the U.S. and even though I am not their agent, it will help keep this going to minimize the appearance of their names on U.S.-based forums.......
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    CFDs and American Citizen

    ....for HK residents, US residents, UK and Australian residents and Canadians. It seems to me that this may be a temporary regulatory issue IB is having that would not extend to other brokers. Maybe they will clarify. I know that CFD's are huge in a number of these countries. I guess...
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    CFDs and American Citizen

    Well I was not thinking about fx or mt4 at all. I was thinking of stocks quoted in the form of CFD's by a real broker such as IB (outside North America) on a regular stock broker platform. For example, https://www.interactivebrokers.com/en/trading/pdfhighlights/PDF-CFDs.php?ib_entity=es...
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    Questions about credit spreads!!! Help me!

    That is correct and many posters here are not delta hedging appropriately. They make no mention if it. They are naively stating that you can just sell premium and make money provided implied volatility is greater than realized volatility, which is not correct unless the market stays flat. I...
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    Questions about credit spreads!!! Help me!

    Realized vol may be lower than implied, but you will still lose money if there is a trend against you. For example, consider a slow steady rise in the market. Realized vol (std. deviation of return which is the ratio of daily prices) will be close to zero, but short calls will go into the...
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    Questions about credit spreads!!! Help me!

    I know that you meant this, but just to be clear, it is not an advantage in the bigger picture, because the passage of time also allows the underlying market the time to move against the seller and cause him significant losses, should an adverse trend develop. So over a longer time period, he...
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    best futures broker

    In fact, a lot less than $5 trip. Slightly over $2 per side ($4 round trip) from IB or DDT, including platform fee. Fir those considering futures options as well as futures it is better to quote it per side, because you want to only pay for one side if the option expires worthless (which...
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    best futures broker

    IB charges: $0.85 Commission $0 Clearing $1.14 Exchange $0.02 NFA $0.00 Platform Fee which would be 66 cents cheaper per side (others please verify) DDT charges: $0.50 Commission $0 Clearing $1.14 Exchange $0.02 NFA $0.40 Platform Fee (varies a lot depending on platform)...
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    best futures broker

    The lowest fee you will get from any safe broker for low volumes is 50 cents commission to the broker per side plus exchange fees plus any trading platform fees.
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    Can we make ET a better place?

    I agree and know many traders who will not post on ET because of the abrasiveness of many threads. I realize that some off the most frequent posters here love the insults, comebacks, and course exchanges, though. I would suggest the site go one way or the other. If it ends up being all...
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    CFDs and American Citizen

    On the securities side, see http://www.sec.gov/divisions/marketreg/faq-15a-6-foreign-bd.htm look for "U.S. citizens resident abroad" On the commodities side, the CFTC has a similar exemption. And there is another exemption there in any case allowing foreign brokers to accept...
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    CFDs and American Citizen

    Those are not the only kinds of CFD's. CFD's are a very common way of trading stocks (not futures) in many countries that are used to avoid transaction (stamp-duty) taxes. They are offered by Interactive Brokers in many countries (e.g. UK, HK, others).
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    CFDs and American Citizen

    U.S. regulations on products that can be marketed to U.S. citizens have an exemption for U.S. citizens resident abroad. So you should be ok. However, some (but not all) foreign banks and brokers are dumping all U.S. citizens because it is too much trouble figuring out who is and who is not...
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    who is the best online broker

    IB cannot be matched overall if you need their broad range of services at lowest cost. There is nothing even close unless you want to pay more. Just sort out your issue with IB if you can. Just keep calling every couple of days and ask if there is some additional information you can send...
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    Bond ETF withholding tax

    For LQD, see the prospectus http://prospectus-express.newriver.com/summary.asp?clientid=isharesll&fundid=464287242&doctype=sai p. 131 Taxation of Non-U.S. Shareholders. Dividends paid by a Fund to non-U.S. shareholders are generally subject to withholding tax at a 30% rate or a reduced...
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    Disturbing delta discrepancy between TOS and OptionsVue

    That's interesting to know. It does appear they are adding new enhancements to horizontal skew modeling, for futures at least, in version 7.3: http://www.optionvue.info/videos/watch.php?vid=cbaa75ec2 I have not looked at the video yet though. It is a fine product overall for sure
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    Disturbing delta discrepancy between TOS and OptionsVue

    That's for vertical skew, not horizontal skew. Their horizontal data is a always a composite 60 days out (which, by the way, can also distort prices, although it is convenient).. Some other vendors have data per contract per day with separate volatilities. Now, they do also track...
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    Disturbing delta discrepancy between TOS and OptionsVue

    By the way, it appears that OptionVue's model may be one that has a deficiency relative to others in that, until now, they have used a single composite horizontal (month to month) implied volatility, instead of tracking separate implied volatilities for each contract month. They are about to...
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