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There is no cost if there is no product... If I say you are long stock and long a deep in-the-$ put and have zero risk to myself. If I charge you commish to be long and short at the same time, what difference does it make is I really own it or not. Do you really think you bullet...

I think that is techincally a conversion... I think a reversal has short stock... not that it matters... I know what you mean. Yes the commish is prohibitive and so is the margin, even if it is 10%. But what if there was a firm that offered free bullets. Would that be bad for the market...

I think I have been under a rock...!! I have never worked for a day trading firm, so I have not experienced a lot you learn there. I like the idea of getting around the rules... it shows that the rules are not needed in the first place. If they can be circumvented with no undue stress to...

I get the margin on the conversion it is simple. Most alow for 10-1 margin on theis position. (10%) But, it is no longer a safe riskless conversion when the short position is placed in the account. Now it becomes synthetic short stock or (-c & +p). This position does require margin higher...

Boy do I hate being quoted making a backward statement!! LOL! That is the problem with text at 35 words a minute and speech at 100+ a minute. Everything sounds like a advertising blurb. So here is the longer version to help clear things up... Truth is that both of these statements are...

The one thing I noticed was that IB always had some tech problem. It was not always their fault sometimes it was the exchange that was down. But, they had a little ball icon that told you what was malfunctioning, so you could at least know what was going on. I traded options very...

Right, you must own it before you can sell long the stock. But if it is not a real security anyways, it can say long 3000 instantly with the click of a button. How does the firm calculate the synthetic short stock margin (the short call and long put), when the long and short stock close...

Any idea why retail firms could not offer bullets though? It seems that everyone is governed by the same NASD and NYSE rules. It might be a nice feature... (even with the market bottoming... hopefully!) :)

I only used them for options, because they would not tell me how their "smart" router worked in detail. I require this of my stock broker. Aslo, I could not make them to function from behind a firewall... tech support was useless. Before I had a firewall they seemed O.K. Are you...

It is strange that no one mentions the destination of the order when you discuss the commision carges? I have an account at E*trade, PreferredTrade, closed one at IB recently, and in the works to opening ThinkorSwim account. But the one thing I have learned is that the commission charges...

How come no retail firms offer bullets? Or is there? Is there some reason it is for trading firms only? :)

PT allows for API... and per share trading... But make sure you talk to a manager... seems the customer service reps do not know frequent flyers can get a different rate. I know they use API with AT Financial, and egsignal and others... But I do not know about making your own software...

.025 * 1000 shares is $25 commish! So you have to pay $25 for the right to short 1,000 shares of stock on a down bid... $25 a pop for providing a legal loophole sounds pretty solid!! Anyone want to partner up starting one of these bullet firms? There are firms that use ISLD to short...

Do you have to get a confirmation on the bullet execution before you can short. Or is it implied that every time you short a down bid, you would like to actually sell long stock against a bullet? The bullet firms must have to monitor the short sales to make sure the trader did indeed use...

Do you have a link to this? The regulatory sites can be overwhelming... :)

If there is no real need for the actual options to even exist; it seems this would be charging commissions for the right to short-illegally. Seems like the regulators are slow on this one... how long before they catch on? If thet do exist can you early exercise your put and be naked the...

So this alows the long sale to be paired up with the long stock... and leaves a short synthetic stock in the options. So you are short the synthetic... = short stock then you buy the stock back when you want to close it. Why do these have to be unlisted options? Is it becasue they do...

I am confused as to why traders want to use "bullets". I understand that a bullet is long stock... short synthetic (-C & +P) at higher strike than the stock is currently... I am familiar with reversal/conversions... But I read that bullets were not in exchange traded options. Who...

Super Montage release date is 1 week or so after the Aug 12 SEC vote on ADF. SEC must approve ADF for listed, before SM can roll out live. It has test securities symbols trading now. :)

I was wondering why you use ISI instead of going to the NYSE directly? :)