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This article about always pushing back the date they expect to be profitable sounds a little too familiar. ( DJ ) 09/16 07:31AM =DJ IN THE MONEY:XM, Sirius Keep Pushing Back Break-Even View By Michael Rapoport A Dow Jones Newswires Column (This article was originally...

Good. I was wondering how the index was that far off. Guess I gotta wait a little while longer for the updated settlement value from Thompson.

SET is the settlement symbol for SPX. It was 1232.79

I would suggest not writing so close to ATM. There's premium further out of the money with indexes than there are with equities. Check out this journal thread for some REALLY good insights into index trading. I could read this all day: http://www.elitetrader.com/vb/showthread.php?threadid=49586

You are right, you could could get burned by a low open. If you're comfortable with the return you have after the cost of buying back Thursday afternoon...and it lets you keep your sanity on Friday....by all means close out. We all know keeping the sanity is a lot more important than a few...

For these index options that stop trading tonight, the underlying indexes may very well settle at different prices the next day from where they are tonight. The indexes also settle at a different price from the opening print. They don't go off of indications of each security. They get the...

I'm not sure I follow your backtesting question. Are you looking for when all options first began trading on a particular stock or when a particular option began trading? It looks as though you can type in the symbol on the CBOE's website and it will give you the date options were listed on...

The exchanges have to give reasonable time for the press release to be disseminated and wait for a return to an orderly market before they will resume trading.

Don't get this wrong. They can NEVER keep you from closing a position, no matter what the rules are. You are just going to be restricted for 90 days if you do before settlement date. The PDT is a little more stringent. If you daytrade under 25K and you're a PDT our brokerage firm HAS to...

This has been hitting EVERY brokerage firm. The Fed recently clarified trading with unsettled funds in cash accounts. In most case it's more restrictive for customers. Not sure what IB's policy was before regarding unsettled funds in IRA accounts. Some firms had been allowing customers to buy...

I agree that it would seem harmless to mention who I work for, but unfortunately Mr. Spitzer up there in NY has every firm running around scared and trying to keep a tab on everything their employees do. Our firm just simply does not allow any kind of posting on message boards. I'm guessing they...

That's ridiculous. How can you not let someone write a covered put...conservative firm or not? While I won't mention the firm I work for (compliance issues) we don't differentiate between calls and puts for being approved for covered option writing. You're either approved or not approved...

Yes, just take the exams over and over again. You will see literally the exact same questions on the real test. I agree with the previous post though. You should be getting 80's and 90's on these practice exams. I took 10 complete practice exams before I took the test. Good luck!

That's the first I've heard of a retail online firm charging to cancel an order. I did find out that Interactive Brokers charges a cancellation fee, but they're a direct-access broker. Here's their take on why they charge the fee:

I was wrong. It was E-trade I was thinking of with the 30% margin requirement. Scottrade only wants conservative option investments. Sorry about that.

LOL. Yes, we are a very uptight bunch. Actually, I didn't used to be this way but everytime I see broker/dealers getting accused for things they didn't (and don't) do, I get angry. It's not that I'm defending Scottrade, it's that you can't just go around making accusations about things that are...

What is your question? Are you looking for a particular trade on a certain currency? A certain broker?

Sorry for the delayed response....I was sailing in the Bahamas, right before Hurricane Katrina thank God! Please explain how they will tell if the flow is too pro or not. I'm not saying it's more or less profitable than the 90's, just that we are still being paid for order flow. The NYSE...

Yes, I love to trade with a firm so small the FOUNDERS answer me back. That said, I agree with the props to thinkorswim and optionsxpress for that matter. They actually calculate the margin requirement for you online. However, IB has caught my attention as a direct access broker with...

And this?? C'mon man. It's NOT Scottrade holding the order. Did you bother to find out what exchange your order was routed to and what the bid/ask was on that exchange. Because you obviously are putting in market orders (since your aren't giving us details about your trades but complaining about...