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Actually I found that there is negative expectancy for nakes or vertical calls, but you can find naked puts or Vectical with positive expectancy even with strikes around 2 sigma. Most of Coach's verticals have positive expectancy. I am going to check and see if vert at 1 sigma has...

MoMoney, What is JBO? I like to get haircut margin from a prop firm, but their rate is higher.

TOS only matches the published commission fee. They don't match negotitated commission schedule if you can prove it.

Just call them and ask. If you have the volume they want, they don't mind to waive the ticket charge.

Look like I need to start trading future options using span, as I am always a premium seller.

Can we get better than 0.75 per contract? I tried to get lower than 0.75, but was rejected.

Jeff, I used to sell naked options for stocks. It seems that the credit spread provides a great leverage as compared to naked puts. With span margin, I probably can achieve a good leverage if I switch to future options. Am I right? Is the margin for credit spread for spx the same as...

I was trying to get 1200/1175 aug put for 0.9, but didn't get it for the whole day.

standard rate is 0.75 a contract + ticket charge.

Your diagonal looks very good to me. where did you open this position? What were the spx and vix? I am interested to find out where is the best time for diagonal trades.

Mark, If you have a credit diagonal, you are right. In general, there are two risks involved in a diagonal. 1. Market moving away from your strike. Your max loss is the debit. 2. Market moving deep in the money. Your max loss is the strike difference. A diagonal is...

Pervail, The long/short strike difference is 35 points apart. Is that a reason for it?

The commission rate can be as low as 0.75 per contract for option.

Coach, I am interested to see how your diagonal is doing so far. When the market is moving away from your front month short, I think the diagonal will lose money. That is something we need to consider, and it seems that we don't have a lot of discussion in this matter.

Redeye, Thanks for your document. It seems that TOS has very nice features compared to IB. Can you trade futures with TOS? Their commission seems a little high compared to IB.

STO OIH Sep 120 P BTO OIH Oct 110 P net credit of 0.1 It is probably too early to open any sep diagonal, but I like to have positive theta and positive vega.

I think the cap of $25K is for individual prop trader. If you want to share the firm's profit (5%), you need to put a lot more.

If I already have a series 7, what are the pros and cons of joining as a sub-LLC when compared to as a prop trader(or class C member)?

I don't think you can get the profit share. When you join a prop firm, you usually join it as Class C member. If you join as Class B member, you probably will join as a sub-LLC, and have to put up a large amount of capital. Hopefully someone from VTrader can clear it up for us. I am also...