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I have essex option pro and when I put on a position, I take a graph of risk. I am going to check on Monday what happens when I take a position graph before open and then a little after when the underlying moved .I will check to see if the greeks exposures changed to get the 'dynamic' exposure...

I know some of these sub llc's will let you in for $5,000. I guess it comes down to trader's comfort level as well as other pertinent factors such as platform, environment, etc. 10% chance of losing 5k assuming prop firm has less regard for risk or undercapitalised or 3% chance of losing...

I am making an educated guess that most brokers have the requirments set out for them by their clearing firms BUT most of them follow or are close to IB's margin computations. Look it up at their site for a good rule of thumb

I used them a whle ago but they still have this $19 minimum. I am working on a couple of brokers now around $1 per with some semblance of customer service. Good trading . Thanks don

Someone said a few posts ago that we might as well attack the other 10 who are hostile. That is exactly the point. Imagine a showdown after class and there are 10 bullies, if you whack the bigger or biggest bully you think the other 9 are going to fight? My man W hopefully does the right...

What I am looking for is a broker that offers a platform much like the option montage of SLk wherein I can route order to the 5 exchanges, much like IB. There are a lot of brokers with platforms like Instaquote, Realtick,etc BUT they are on the pricey side-$10.95 ticket, etc. If I had a...

Awesome post, will have to re-read that Saliba book. I agree with you 100%. Happy trading.

You raise some cogent points as to why vertical spreads might be inferior in certain cases than outrights . But it also has its place such as 1. Sell the strike at a percieved support or resistance for ex. 2. protect somewhat from vol implosion which the calendar sometimes can't due to...

I have a broker for daytrading (sub-penny per share) and another for option trading ($1 per contract) and have been, for the past 2 weeks, searching for a single broker to sweep both my accounts into one platform. I am amazed that to date, I have not found anyone that offers a good balance on...

What Lynx sub llc. Shhhhhhhh. Don might be lurking and we don't want to get him started about sub llc's

Read the book fooled by randomness-by Taleb. Very insightful -applies to pair trading since you are hoping for a reversion to the mean.

Why would you want omnibus for your own trding? Does'nt omnibus imply a bunch of people putting their money in 1 account which is then 'given' to the clearing firm for trading purposes. If the broker goes bankrupt, it is a whole lot messier to sort out with SIPC than if it is a fully disclosed...

I saw the thinkorswim platform about 4 months back and they have the bid/oofer of all the 5 exchanges which is not really level 2. I think the poster wanted to know if for each exchange what are the different levels per option per exchange. Unless things changed drastically in the options arena...

Or mtm retail traders

Just a heads up. You can be 'exempt' from self employment taxes as a retail trader also if you elect MTM. Not just the exclusive domain of pro firms.

yup

Man I hope you are being facetious coz I only have 4 screens and right now am feeling very inadequate.

Here a possible reason: Bright, Echo = penny per share Andover 25-40% discount of that Hmmm. A lot of this guys trade at least 500k a month you do the math.

I remember a discussion a while back that the point of pride of Ib was that the stops are native to the exchange's server- the CME I think. So they are not held in IB servers which is good I guess if IB goes down. Unless there are different rules as to where they are held-i.e. for cme -native ...

My 2 cents. Trade with IB to get low commish on the 97% of the time they are up. Establish an alternative account with option permissioning w/ any other broker-even old fashioned telephone broker. Having a backup broker will work in most cases except for when the system hangs whle you have an...