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20% was a rough estimate. There is a formula for it. It changes with the stock price. margin requirement is not the same as your risk. Don't write naked options if you don't understand the risk.

LC: Why do you think EURUSD has such a strong effect on ES?

Thank you, LC. I have been monitoring cumulative VWAP (the term that is used in TOS) since you mentioned it some time ago. Do you use the slope of cumulative vwap to determine if it is a trend day? A strong day usually doesn't have a vwap with negative slope. I am thinking of using the...

IB has DIA options. Enter DIA (or DJX for index option) in the underlying. Select option (equity or index), and choose the month of your choice. IB should give you the list of options with different strikes. Select the one that you are interested. Normally you don't have to know the symbols...

LC: i think i read it somewhere that vwap usually acts as a support or resistance. Is it a major or minor? How do we know if there are hidden orders? in a strong day, should we long when the market pull back to vwap. In a weak day, should we short when the market rebounces back to vwap...

IB has the same symbols. I think it is better to trade the index options instead of the ETFs, unless you want to hold the underlying ETFs. You got a better 60/40 tax benefit for trading index options.

AMTD charged me the same commission as TOS for over 1 year, but AMTD didn't have portfolio margin.

I don't think AMTD offers portfolio margin.

Call them, and they will waive the ticket charge. The problem will AMTD is that their margin calculation is higher than TOS. For example they require you margin for both sides of an iron condor. I have IRA with AMTD, but i never trade options with AMTD IRA account.

What fee did you mean? The commission won't change. I have both AMTD and TOS.

Thanks, though they are not the area i want to stay when i move.

Please let me where I can find those properties with 1% monthly yield in San Diego. Which area and zipcode? I have been looking in SD for quite some time. Are they older properties that requires a lot of reserve maintenance cost? I like to buy a rental property in SD now with the plan to...

She wants a future trading company. I don't think Bright offers future trading. Please let me know if I am wrong. I will join Bright if Bright indeed offers future trading.

Circuit breaker should be there to cool down the emotion of the participants. How is it related to "uptick" rule? Integrity means "no manipulation" imho. How do you define integrity? The CEOs of the financial companies created the current crisis with 40 to 1 leverage. They had no...

I totally agree with you on the velocity issue. However, with the uptick rule, the inverse ETF or ultrashort ETF would be very cost-inefficient, and there would be a response lag of these ETFs to the "volatile" market. The management fee for these ETFs would be increased, so it would be...

You are right on. The problem is not the uptick rule. His problem was that you didn't enforce any rules. The "naked" shorting was/is illegal. Period!!! He was asleep so someone could manipulate the market using "naked" shorting and rumor. We need someone who has no ties to any interest...

The problem is not the uptick rule. The problem is the outdated regulatory agencies. SEC has authority over the equity market, and CFTC for the derivative market. A lot of structural products have been invented so these two markets are closely coupled. US needs a new agency to oversee both...

Cramer has an interest for the market to go up to save his portfolio, but SEC have no mission for the market to go up. SEC should not care if you make money or not. But uptick rule is not fair. Period!

The mission of the U.S. Securities and Exchange Commission is to protect investors, maintain fair, orderly, and efficient markets, and facilitate capital formation http://www.sec.gov/about/whatwedo.shtml There are many ways of creating synthetic shorts. At the time when the uptick rule...

It hasn't closed the gap yet, and it seems it is forming the right shoulder of h&s right now.