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Robert, I'm going to be looking for a prop firm in about 2 months and was wondering the length of the wait in SD. Does Echo allow remote trading?

CSCO wouldn't make the cut for a short as it has no LT debt.

Trade options. The PDT rules don't seem to apply (at least they haven't at IB). The 3-day settlement is ignored as well as I have been able to execute option buys with cash generated from same day sales (sans short sales).

[/b] Great post Nitro. You summed up in a few short paragraphs what many authors take a complete book to say.

Thanks for confirmation CaroKann. I figured the lowest actual market value would be $4.90 for a WCOEQ Sep02 5.00 Put. But I guess I do need to study some basic option trading as my broker (IB) placed the market value at $5.00, thereby raising the margin maintenence requirement to $750 (I had...

Could a $5.00 Put option have an actual market value of $5.00? And if you could short sell this put for $5.00, would there be any downside risk?

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Vulture, Probably a typo, but if not, the expression is "pedal to the metal" (metal = floorboard of car).

Don and Thug_Life, Thanks for answers. Btw T_L, very informative site. I had better start learning this aspect of trading as it appears that trading manually may soon be like competing against a calculator with a pad and pencil.

Don, When you say "tick" chart, what exactly are you refering to? Also, what charting software do you use to chart your formula? Thanks

I don't know how these traders were even able to enter the .19 orders. Depending on the premium, orders not incremented by a nickel or quarter are simply not executed. As an example, whenever I end up with some otherwise worthless OTM contracts where the bid is blank and the ask is .25 and I...

I received an email from IB on friday outlining new rates. Gotta love 'em.

Could always buy the May02 17.50 calls for CSCO and hold them for the 2 or 3 weeks.

With just CCMP, over 50 times in last two months, it worked 4 times last thursday. Due to daytrading rules I can't always short the stock, but it still helps with the more expensive NTM contracts.

Thanks, although it appears to be for stocks only and not available in a format for off-line use. I'll see.

I just neter an order for 1 option. For whatever reason it always seems to work, at least with CCMP, PVN, and GMST. However, most of the time the order will just sit there with both bid and ask the same and may or may not fill before something moves. Like I said, it only works when order is...

Anyone else?

Do you know of any inexpensive intraday quote feeds for options? Delayed is fine.

Being an IB retail trader with under $25K I have been trading options for the past 6 months or so and have experienced all the problems listed (except contract limits). But, I have found a way to use options to tell me which way the market in the underlying stock is really going to move with...

Has anyone used any of the elliot wave analyzer programs for trading options?