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Hi, Newbie question: I'm considering opening an IB account to trade equities on the LSE. Can anyone walk me through exactly how to convert $10K to GBP on their platform? I'm not trying to speculate, just make the conversion, and I'm wary of doing something terribly wrong since I have no...

Thanks a lot, guys. @dmo: Thanks for your detailed response. I'm making the play based on an estimated floor of $50/b in 2011, so I think I'd be ok paying for the USO options. Is there a reason the price difference between USO and CL options hasn't been arbitraged, though, or am I missing...

Newbie Q: I've never traded futures options--does anyone know a good discount broker which will allow me to trade them within an IRA? I want to buy and hold long-dated crude oil calls (e.g. 2010, 2011). I use TOS for equities options, but they don't offer CL options. Also, I'm finding...