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Interest on unused funds is a profit center in itself. For example, a fund with $100mil in assets that rarely employs more than $20mil in margin is a natural lender of $80mil. (usually in liquid, short term instruments such as 3mo T-Bills) Obviously, when those instruments are yielding 5% they...

One of the more artful troll posts, I've seen.

Here's an example. On a 2450 ES board you bought 1 2500c and sold 1 2520c. Let's say you paid 7.00 ($350) for the spread with a max payout of 20.00 ($1000). A week later, with only a few days to opex, ES is now 2600. As such, the 2520c has virtually no extrinsic value beyond its 80pts of...

Assuming that you're long the vertical, generally the call you're short won't be assigned (if it is assigned) until the option has little to zero extrinsic value left. If assigned, you're then positioned with a riskless Long Call vs Short Underlying. If you can't margin the underlying security...

Given that every entity listed on Fidelity's 606 filing is an actual Exchange (as opposed to Citadel & Virtu etal, who litter most everyone else's 606's) I'm guessing that those are rebates for adding liquidity (i.e. limit orders) rather than payment for order flow. Granted, the two kickback...

Fidelity and IB are the only two major firms that don't sell any order flow. A few others don't receive payments for equity trades but IB and Fidelity are the only two of the Majors that don't sell option flow.

I'm guessing that the long 171's were blown out on the bid side of a 1.86-2.41 market in the outright and that the short 170's were bought on the 1.83 offer of a similarly wide spread. srinir's screenshot of the options chain shows that the spread was 10 cents bid (at .90, lol) Instead, I was...

Because the spread wasn't in the money, nor particularly close, I figured they'd just exercise the itm 171puts that I owned and that I'd in turn be assigned the itm 170.5's that I was short. I've had spreads go off fully itm before in the above stated fashion. In fact, several weeks ago I...

I just checked my statement. The exact time (i.e second) isn't indicated but a code says that both trades were executed on OTC as the "exchange". That spells trouble, eh?:(

Great job, thanks!!

Thank you FSU! I don't know at what second the 3:18 trades occurred but I gotta think that I'm the 3 lot at 1.86 that you found. (price, quantity and minute all match) Because I was auto-liquidated I've no idea if the trade went through as a spread (doubtful, even though I put them on as a...

They sent me an email, prior to the open. (i'll disclose the firm, later) I'm not shocked at the auto-liquidation, only the price.

Entering Friday, I was long 5 QQQ 171-170.50 puts spreads, due to expire on the 11/30 close. Earlier in the session, I sold 1@0.47 and 1@0.48. It appeared that during the day, the spread was never lower than .44 bid. However, at 3:18pm (EDT) my nervous brokerage house liquidated the spread for...

If you carefully read the figures quoted in the Smart Money article and do the math, you'll see that even with pass-thru's to personal filers, the defacto Corporate tax rate is still about a third of profits. And that doesn't include the myriad of local taxes including property, sales and...

Are you as clueless as you seem? Cubans fled here in the 60's, 70's, 80's, 90's and today. For every doctor who came to Miami in 1961 there's been 100 laborers since. If Cuba is paradise then why are Cubans STILL trying to enter the U.S.? You don't see Dominicans coming here. From today's...

Right. And a resident of Miami I know nothing about Cuba. I talk to more Cubans each day than you'll speak to in your lifetime.

This quote alone proves what a dumb fuck you truly are.

Don't kid yourself that musicians aren't as greedy as the "industry." While everyone knows how much athletes and actors earn, musicians fly under the radar. We'd be freaked if we knew how much these guys make. Granted, VERY few bands are democracies, i.e. each member being an equal share holder...

To answer your question, yes. Btw: Switzerland isn't the best example for us 2nd amendment folks. While it has the epitome of lax gun laws-ownership for males is almost compulsory, Switzerland also has a fairly high homicide rate. Keep in mind, accurately figuring out "white" crime rates in...

Could you re-state your question? "Time and space"? Sorry but I don't have crime data going back to the origins of human activity in Sumeria or Mesopotamia. :)