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Another thing to consider is what products you intend to trade. If you are trading proprietary products such as VIX SPX or OEX you will have substatial exchange fees added by most brokers. Some will offer you an "all in" commission rate and not add in these exchange fees.

Yes, this is legal in usa security law. When this stock was delisted from the NYSE, existing options are traded closing only (except for a market maker facilitating an order.) Here is the link to the CBOE memo https://www.cboe.org/publish/regcir/rg13-142.pdf

The SPX is a pit of about 150 separate Market Makers. It is traded only at the CBOE. Unlike all the other stocks on the CBOE each market maker can't put up quotes on the screen. This can only be done by the Primary Market Makers. As of a couple of years ago, there were several of them and...

Whether a monthly or weekly option, holders have until 430pm central to exercise their options (although different brokerages have different internal cutoff times). If the option is in the money, holders can file a do not exercise form up until this deadline as well.

If you are considering renting it out it may be difficult. Here is the list of the memberships available. http://www.cmegroup.com/company/membership/membership-pricing-cbot-memberships-for-lease.html On this list you will see a contact name, Kathy Holloway. She has been helping lease...

I like your analogy. FSU

Take a look at WEX

Thanks for the more detailed comments. I had thought that PM just looked at max loss 20% down on indexes. I now see its not that simple. Interesting.

OP stated that he had an iron condor in the SPX. If this is the case, a change in vol or a small change in the price of the SPX should have nothing to do with his margin. It should simply be his maximum loss on the on the spread (assuming the condor is within 20% of the current price of the...

If you sold a 5 point iron condor in the SPX your maximum loss would be $500 (less what you sold it for). So if you sold the 1725/1730 put and 1800/1805 call condor for .30, your maximum loss would be $470 for every condor you sold. (This particular condor was the one that traded the most this...

Would you answer my previous question? Has the margin increased to more than your maximum loss on the iron condor? Should not be more then that.

Did your margin increase beyond your maximum loss on the spread? I would think that under a PM account an SPX iron condor margin should generally be your maximum loss (unless it is substantially out of the money)

If you are doing this as a customer, instead of as a marketmaker, you will only be able to put either a bid or offer, not both, for equity options. If you are talking about just improving the bid/offer without regard for value, the market makers most likely will join your bid/offer if it is...

Looks like 1123.62 Here is the link http://www.cboe.com/Data/WeeklysSettlements.aspx?DIR=TTMDIDXSettleValWeeklys

What you are saying makes no sense at all. Intraday high makes no difference in exercising an option. If you answer the questions I asked in my original post, we may be able to help you. I am guessing that you don't really understand how the process works.

The standard rule used to be .05 ticks on options below 3 and .10 ticks on options above 3. A few years ago a penny pilot program was started to have option tick prices in pennies. Over the years it has grown to include many stocks. Here is a list to all the stocks in the penny pilot program...

If you sell the calls you have no position. If you exercise the calls you will own the stock. Not sure what you are asking, are you wondering whether you should short the stock to hedge the position and then exercise or if you should roll into the stock by exercising?

There is no chance you will make money buying/selling a box without taking significant risk. The most probable reason that a box is "out of line" is due to the stock being hard to borrow. Lets say you sell the box that you believe is too high due to hard to borrow. You will be assigned on...

LOL I agree. I said they were tempting to sell, but I ain't gonna do it, even if is only a one day play.

1450 puts now .05 bid, that's a 2400 dow drop Monday 1775 calls trading .05 that's a 800 point dow rally Monday Sure is tempting to sell.