Guys I'm looking not to hedge out my profit, just keep me afloat in case of a massive spike up. Going long another product will cost me lots over the time I am insuring.
I'm going to be traveling from mid-June to mid-August and won't be on the screen watching things in the market as I usually do. Thus I want to hedge a short UVXY position, 1650 shares, basis of 13, against a catastrophe, volmageddon, black swan, whatever. I can handle a 100% draw down (the...
I want to sell a call, naked, on ES June 10 @ 5000, fpr $0.05, and my margin at Schwab is half ($1,203) of IB ($2,453). Schwab? Friggin' Schwab? (The trade is hypothetical, just for margin determination; I'm not selling nickels.)
I think the term Level 1, 2, 3 might mean different things in terms of options quote availability, and for my use, the level of permission granted for certain types of options spreads, covered, spread, naked, etc.
Ok, so I had Level 2 or 3 with TDA, but the merger with Schwab, means they would rather not have have Solo 401ks, I hear, or would rather have them at Level 1. I thought eTrade would allow level 2 or 3 but no -- just a Level 1. Any brokers out there allow Solo 401ks with Level 3 options trading?
Maybe I missed something but I saw no indications of them brokering OPTIONs on FUTURES. Let me know if I am wrong and where I can get pertinent information on margin and commission.
I don't believe NinjaTrader offers futures options, despite what its advertising says, and I'm not sure about TradeStation. I've used Schwab (not as bad as you might think) and IB (not as good as you might think) but I'm wondering who else is out there. Running about 150K, doing almost nothing...
So, I presume I can have both. (My fear is the equity account going MTM, although I like the Sec. 1256 for some instruments in that account.) No need to separate them?
Questions:
1. Can I have two accounts with two different accounting methods for taxes?
2. if so, how should I separate them?
3. Is MTM automatic for futures options or do I need to file paperwork with the IRS?
4. I believe I qualify for TTS on both accounts. Do I need to do any paperwork to...