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How much for ES options?

Tks

Yeah, I'm thinking about it with only two or three mil, and I just can't afford the paperwork, compliance, etc. Shame. Makes me want to look abroad. I'm in Lisbon at the moment, and it seems quite livable.

Maybe I'm dreaming, but is there a state where it is possible to solicit U.S. funds to manage without getting a Series 7 or 3? (Both futures and equities would be traded.) Caveats? Asteriks? What about a low-cost, low-tax country?

Any traders here, by any remote chance?

I have a short front month and long second month spread on and want to just let it expire. Can I do that? I suspect not. I'll be left holding a ong as a front month, right? So wat do I do? Close it myself the last day or trading? other caveats?

IB rquires that I fill out a questionaiire and several questions relate to whether I am licensed trade or a professional. If I am, I suspsect my fees andcommissions are higher withthem, although I donot know how much; I just havent checked. But I waswondering of I just dont tell them and say I...

Apologies. That should be market data not date.

Do I screw myself out of professional trader status if I do not declare professional status on my broker profile (which means paying higher exchange fees and commissions) and then claim on my taxes I am a trading business (and I trade often enough to qualify)?

yow!. I'm paying like 5% of my profits. Sure as hell don.t want to do a quarter. That cant be so.

If so, by how much? What about commissions?

I'm leery of IB because they might add margin to SPAN; Tradeovate, I've never heard of and I'm leery to try small untested firms. But thanks.

I wonder what an appropriate range is commissions:profit? Or is that a false metric? I also wonder if a retail guy like me with a bit of cash can ask for in-kind, in some manner, subscriptions, office space (there is an branch office two blocks away from me.

Ok, though May, I made 379 futures and futures options trades, earning $31,028 in profits -- but I also paid $1477 in commissions and then there are the yet-to-calculated NFA fees. Were talking like 5%, very approximately, scalped off my winnings. Is this a normal range? 1.50 a contract? I've...

Not sure I follow.

Responding to the last two posts: Well, I would think that the history of UVXY would serve as a model for history and variance, maybe go back to the change to 1.5X leverage. I guess from that you calculate SD? ... I would place my loss, ordinarily, as 2% of the account but given that VIX reverts...

What is my optimal bet size if I am running $600K with portfolio margin and I am only shorting UVXY? How would I got about getting the best position to withstand the occasional huge spike?

What am I missing here in terms of a hedge?

No problem.

By that logic no one would ever short shares.