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  1. J

    SEC Approves Half Cent Spread

    The SEC on Wednesday unanimously voted to allow stock exchanges to price many shares in increments of half a cent, rather than the current minimum size of 1 cent, aiming to promote more competitive pricing and reduce investor costs on U.S. equities markets. The SEC's decision not to include...
  2. J

    Is it ethical/legal for brokers to add mark up on exchange fees?

    Brokers can charge any fees they want to as long as they disclose the fees. Just outright state which brokers and what the fees are. I know of only one broker that does not pass on the CBOE SPX option fee.
  3. J

    Margin compensation on the SP 500

    How about you buy an ES put on the same contract month and see if your margin changes. You do realize that long an ES contract and long an ES put is the same as long an ES call. You save on commissions and spreads by just buying the ES call.
  4. J

    Best Brokers that allow exposure to S&P500?

    You don't appear to realize that "The Maximum leverage possible Smallest minimum deposit" is the exact best way to blow up your account. Out of the money 0DTE index/ETF options match your request and are available at any stock broker.
  5. J

    CME Membership Lawsuit

    The legal case is more about priority access for exchange members. When you traded in a pit or on an early GLOBEX machine you were able to execute orders before any member of the public could. Now the person/firm with the best technology gets their orders in first.
  6. J

    Using T-bills as collateral for futures trading?

    Talk to Advantage Futures. They have access to 21 exchanges. For t bills probably need minimum 100K account and no more than 90% allowed in t bills. They will sell a 10K bill or more if your cash balance drops below 10% on any day.
  7. J

    broker to box chain options on CME ES futures

    Why on earth do you want to do this? This is like inventing a square wheel. All the S&P 500 index products are arbed against each other. Just do SPX or SPY option boxes.
  8. J

    SIPC Coverage on Short Sell Proceeds?

    If you are speculating in stocks, especially doing short sales, your capital is at risk. If you use a well capitalized brokerage firm you don't worry about the SIPC. Every day people put their money into ponzi schemes, penny stocks and 0DTE options. Don't think those people worry about the SIPC.
  9. J

    SIPC Coverage on Short Sell Proceeds?

    "What SIPC Protects The limit of SIPC protection is $500,000, which includes a $250,000 limit for cash." Cash is cash. The SIPC doesn't care how the cash got into the account. Why are you even concerned about this? Investors with multi million dollar accounts don't waste their time even...
  10. J

    ETFs Make Bitcoin’s Problems Even Worse

    All the suckers love to buy near the peak of the latest craze. Selling overpriced junk makes big money for Wall Street. Coppering suckers bets has worked for over 150 years.
  11. J

    CME Membership

    You need to work with a CME clearing firm that knows the application process. Don't try to do it on your own. Any past financial irregularities will cause denial. Do you really need a full CME membership? Most trader only need an IOM or IMM membership.
  12. J

    S&P Equal Weight Index Severely Underperforms In 2023

    The S&P 500 index is going to outperform the equal weight version of the index this year by the largest percentage difference since 1998. The S&P 500 is up about 24% in 2023, while the equal-weighted index is up about 12%. Have to wonder how many years for mean reversion?
  13. J

    Schwab Passing On Index Option Fees

    Schwab will start passing on index option fees on top of the 0.65 option commission. Does Fidelity pass on index option fees on top of the 0.65 option commission? Any other brokers not passing on index option fees?
  14. J

    Von Greyerz: In The End The Dollar Goes To Zero & The US Defaults

    In the 1950's postage was 3 cents and now 60 cents, 95% decline in the dollar. In the 1950's gold was $35 and now $1800, 98% decline in the dollar. So the value of the dollar has dropped between 95% to 98% over the last 70 years. How high does the price of postage and gold have to go for the...
  15. J

    Peter Schiff: The Bank Of England Rings The Mother Of All Bells

    UK Plunge Protection Team in action. The world is full of paper tigers.
  16. J

    Long-term capital gain for day trading index options?

    Section 1256 contracts get 60 long/40 short tax treatment. They are reported on Form 6781. I would suggest that you read a book or two on options and futures trading.
  17. J

    Is this level of futures commissions normal?

    Futures commissions vary greatly. IB charges 85 cents a side. Tradovate charges 79 cents a side and has much lower rates if you pay a monthly fee.. The IB Deep Discount Trading charges 50 cents a side, but you have to pay for a trading platform. If you do a large volume Advantage Futures...
  18. J

    SEC Fee Going Way Up

    SEC fee increasing from $5.10 per million to $22.90 per $1 million effective 14 MAY 2022. That is a 349% increase. This inflation thing is really getting out of hand.
  19. J

    Is Cathie woods going to receive a margin call?

    ARKK 52 week high 132.50, last trade 42.12. Even if ARKK triples it will still be short of the 52 week high. Clearly a misunderstood genius.
  20. J

    What are the Best Trading Bot Strategies 2022?

    Worthless nonsense. Mean Reversion, Momentum Trading and Arbitrage are nothing new. How about tell us a BOT strategy that works right now and tomorrow and next week.
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