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Can I get a $10K marker? I feel a hot streak in craps coming on. :D

I''m on par with that sentiment. I usually sell premium each month on this issue, via iron condor or double diagonal. I had to adjust yesterday as my 450 short was in danger of being violated, now I have 420-490 shorts and bot wings +10 points. It's a tight range yes, but I'm hoping for...

You mean I have to work hard to make good money in the market? Phooey on you, I call shenanigans. I think I'll get a second opinion from someone who'll tell me how easy it is to become rich over a two day seminar while writing him a check for $3K. :D

I'm in!

I agree w/ mo, even for B movie standards it wasn't all that good. It fell way short of the 'one unit' mark as I had predicted. http://www.imdb.com/chart/

I wonder what the commission price point is, that they are eyeing up? Coach, would u mind telling us what u pay per turn for futures options?

I love it! Especially when RM posts his next market call a few minutes b-for the close.

Yes.

DJX closing 113.86 NDX closing 1574.70 SPX ?

I predict this flick makes $100 million this weekend. If not, screw it, snakes on a plane, dude, snakes on a plane. :)

yeah, my connection shit the bed again too. :mad: maybe if they record it, i'll check it out.

I lost connection and can't reconnect either. :(

They probably look cheap because CSCO has had more than 4 two standard deviation moves in the last 7 days. If you think it will continue to move > $.32/day then you will be correct vol wise. I'm guessing this beheamoth will mean revert which has vols 'fairly valued' imho. GL!

Yes, regular margin interest is charged, which is broker's call rate +something%, not sure of exact figure but much less than the vig charge.

you are not forced to take on any overnight margin. That is only $$ over and above your equity in the position that gets charged the interest. Most that trade there are 'upstairs market makers' for lack of a better word. They trade pure arbitrage. If the synthetic is offered 10 cents over...

Yes, it is prop. No 7 required. :cool:

Correctamundo. No SIPC insurance or other safeguards that retail houses have. BUT, you are only at risk for the amount of money you deposit with their LLC. Kinda like a call option on your money. If you blow out, you're only on the hook for the deposited amount(Simplex eats the remainder of the...

Indeed. Talk about adding insult to injury :( . Okay enough of the commercials. [edit: the real benefit imho is trading into lock positions, as they are treated as being flat, i.e. no vig charges.]

.0025 ~50%APY charged over and above your existing capital. If you have 10k in equity and 20k in positions, u will be charged daily interest on 10k.

Perhaps I'm confusing myself, lol. The offer is actually 10-1 intraday for options and 5-1 overnight. And it's 20-1 for stock leverage. [edit: the 10-1 really helps me out because I can leg into spreads with the short leg first no problemo. So in that regard I have a lot more freedom. And...