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No, VXX options settle into the VXX etf

So, VXX closes today at 34.95 at 3:00 central. Options close at 3:15 central time. VXX is trading up between 3 and 3:15 around 35.30 and the Weekly 35 call was trading .46 even though it was out of the money based on the closing price of the VXX. In order to exercise your 35 calls you would...

I have gone the last few years. Very interesting seeing all the products out there. Here is a link http://www.futuresindustry.org/expo/

For the things you are looking to do, you are looking around a $1,500 a month fee or more. Some systems that come to mind are Option City, Actant, Microhedge. I see that you list your location as Chicago. You should consider going to the Futures and Options Expo on Oct 31st. Most of the...

The cutoff time is 5:30 eastern time on Friday, but many brokerage houses have an earlier internal cutoff for their customers.

Good points, but not completely true. You may find a spread that is offered at 0 edge. Not something a market maker would do, but if it is a position you wanted, you could put it on without giving up any edge. Quite often there are big traders of certain spreads. For example there is a...

Note that you can actually see all the spreads in the CBOE cobb here http://www.cboe.com/cob/cob.aspx

Binary options are not illegal. They are traded on the SPX and the VIX indexes on the CBOE. Volume is light though.

SPX and VIX binary options are traded on the CBOE

I think the biggest advantage of working with a prop firm is you will need less capital than an individual PM account. The absolute minimum for a PM is around $125,000, going up much higher with firms such as Merrill or Goldman. The biggest disadvantage would be the safety of your money. With...

Another thing to note is that TOS commissions include any exchange fees, so if you are trading the SPX, OEX, or VIX options (which have high exchange fees), you may be paying less than other brokers.

I am a bit confused when you talk about option "dark pools," since options must trade on a listed exchange.

Very helpful list. I would also add Microhedge.

What do you mean by Exchange for Physical prints? How is this different from other prints?

So if you exercise 1000 contracts of one strike, the OCC will only charge $1.

Their are some that trade on the SPX index (BSZ) and the VIX index (BVZ) at the CBOE. Volume is poor as many brokers do not offer access to this product.

My platform displays the COB, but you can also view it here http://www.cboe.com/cob/cob.aspx

I think the OP was referring to the width of the quotes, not actually trading a spread, but I have found that spreads are traded very easily in the SPXW's. I watch the COB (complex order book listing spreads) all day in this product and I can tell you that you have to give up very little edge...

Seems to me they are extremely tight, much better then the actual SPX options which are generally quoted between 1 and 4 dollars wide. As you say the spxw's are generally .20 to .40 wide which equates to 2 and 4 cents in the spy's. Not an extreme difference, especially when they trade easily...

I think the two best out there now are Option City and Actant. I used Micro Hedge, and then Edge Specialists. Micro Hedge is probably the least "robust" of the group. I liked Edge Specialists, but if I was starting again I would go with Option City. I know of some people who were using Orc...