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I can't tell you which is better, but from a margin perspective, DITM calls have to be paid for in full and the stock can be margined at 50%.

I made markets in Dendreon options during that crazy ride. It was fun, but scary. Ivol was 250 in the front month and 90 in the back months and very hard to borrow.

cdcaveman, ONLY equity options, no options on futures yet on Sterling. Bob

Options Trading on Lightspeed Trader Free Webinar Wednesday, September 21st at 4:30pm ET Lightspeed Trader offers many tools and features for trading options. In this webinar, we will demonstrate the various features and settings that can be utilized to configure your platform for option order...

glossolalia, The OCC offers 15% margin on equities (6.6X) and more for broad based indexes. For SPY they shock down 8% and up 6%. that is a max of 12.5X and 16.66X respectively. Of course each clearing broker can offer less but not more. Bob

I came from the trading floor, AMEX. I never worked on the CBOE or ever traded in the crowd. I can't make any guarantee about which is better. I expect that the larger the order and the less liquid that strike is, the more value they add, but I have no proof. I think it's nice to have the...

SIG, It is very frustrating. That is one reason why we offer, for larger accounts, access to a floor broker. Our larger clients can call or IM the broker on the floor and give them the order and get feedback very quickly from the crowd, or enter their order electronically to the Hybrid 3.0...

SPX is a little different in the way that the CBOE handles these orders. You order can be sent directly to the electronic order book, I think called Hybrid 3.0 or to a broker. If the broker is handling your order, he/she still has a best execution responsibility.

Just to be clear, orders are not "broadcasted" to the exchanges. They are either routed there or not. Each exchange has their own order book, then OPRA disseminates the quotes for each exchange. You either pay for L1 or L2. L2 provides a view of each exchange vs just the NBBO for L1. When you...

I expect it will be very confusing for the public.

IB charges more for option DMA.

Either your market data is delayed or your order was not sent to an option exchange. I know their complex orders, in the past, did not reside on the COB of any option exchange unless they deemed it actionable. That might have changed. At Lightspeed we offer DMA and smart routes. The smart routed...

kufu, We can do conditional orders on Realtick including using time as a trigger. Bob

I traded one stock that was around $35 that traded in a 2 to 6 point range almost everyday.

What asset class, equities or futures?

Not sure why you say that. In 1999, I was an option market maker on the Amex. I had taxi drivers and store salesman telling me what stocks they like and how easy it is easy to make money in the market. They would tell me how they buy a stock or some options every morning and make easy money by...

This is correct. Futures trades cannot be in a securities account and money for margin and positions must be in a seg account. If you add funds to a reg-T account today, you don't get that buying power until tomorrow.

Lightspeed Trader API doesn't do options. I was commenting on your statement, "I hope some day soon there's a viable competitor"-(To IB). The LST API only offer equity trading, but the platform does do options for manual trading. We are a viable competitor for much of their business. By the...

Do you find it profitable when you plan in advance what you will do vs waiting to see what opportunities the market presents at that time?

There are "viable competitor" for much of their business right now. We focus on US listed equities, options and futures. Bob