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  1. Steven Leeds

    E-mini option margin

    I would think that it's best to rely on the margin experts at those institutions that establish the policies, procedures, regulations, etc. on Margin requirements to get a definitive answer to your question. Also reading the Federal regulations that are used to establish margin rules. To that...
  2. Steven Leeds

    trade size vs probability of exercise?

    Not if you're trading European style options.
  3. Steven Leeds

    Looking for likeminded people

    Scalping, swing trading, day trading, etc. are not "get rich quick" schemes. Scalping or very short term trading (scalp, swing, etc.) is a trading style specializing in taking profits on small price changes, generally soon after a trade has been entered and has become profitable. It requires a...
  4. Steven Leeds

    E-mini option margin

    At the moment the the ES (e-mini S&P 500) is trading at 2355. Suppose you sell 1 ES naked Put @ 2340 with a $5.75 credit. That's a Delta 30 trade at 1SD. Suppose soon after you make the trade a news event takes place that is not a happy one. The Fed raises rates more than expected, a new war...
  5. Steven Leeds

    Looking for likeminded people

    What is wrong, exactly, with short term trader (e.g. scalper, swing trader, etc.) from doing $30.00 trades. Or even $10.00 trades?
  6. Steven Leeds

    thoughts on Jellifin?

    Likey never. The owner of Jellifin.com is Andre Norman. He lives in Gainesville, FL. He holds NO securities industry license. He is NOT registered with the Florida Department of Financial Services, he has no corporate filings on Record at the Florida Secretary of State, he has NO filings on...
  7. Steven Leeds

    E-mini option margin

    I tried IB some years ago and didn't like the customer service nor the TWS trading platform. I have been a satisfied customer of ToS for many years. They have decent customer service (responsive and timely) , have lowered my commissions to well under a buck per contract, have what I think is a...
  8. Steven Leeds

    Looking for likeminded people

    Fair enough. How about JP Morgan, Goldman Sachs, Morgan Stanley, etc. If you're a sucessful stock picker I would thnk they would be interested in your skills. And pay you handsomely for your efforts. Just a thought. Best
  9. Steven Leeds

    Looking for likeminded people

    I suppose you could be right. The CDC lists approximately 12,000 different diseases. There are , in the US, about 4000 companies that are actively traded on the NYSE or Nasdaq. There are another 15000 stocks that are traded over the counter. I wonder then what disease diseases has and which of...
  10. Steven Leeds

    E-mini option margin

    As Mr. Morse pointed out the CME's margin requirements for the ES contract is $5000. I only trade vertical spreads and the margin requirements are, due to SPAN, much less. Here's a screen shot from my ToS account this morning. I have an ES Iron Condor in the works, 8 total contracts, and the...
  11. Steven Leeds

    Option trader tax status

    Not sure how YOU would file. Tax returns are like snowflakes, no two alike. My wife and I, both retired from previous careers, each have a single entity LLC. I have one, she has one. I am an options trader with TTS, she owns a small one person travel agency in which she arranges travel and...
  12. Steven Leeds

    Option trader tax status

    Oh yee of little faith. I did look, and provided a response. I don't mind sharing information here on this board especially when someone else has to gone to the trouble of researching the issue as Overnight did. For those who don't understand SFPs and Binary Options I hope my response shed some...
  13. Steven Leeds

    Looking for likeminded people

    What is "whatever" and what precludes you from trading full time now?
  14. Steven Leeds

    Option trader tax status

    Thank you but you need not worry. You're mixing apples and oranges. E-mini stock index futures and options on futures are a broad based index as defined by the CME, the NFA, and the CFTC.. A Security Futures Product (SFP) is a futures contract based on a security product as such term is...
  15. Steven Leeds

    Option trader tax status

    Yes, that's basically it. For example here is a sample of my trading for the past few days. It shows how many trades I made in the past 30 days. What I traded (always the /ES), time and date traded, whether it was an opening or closing trade, the credit received on the open, the debit paid...
  16. Steven Leeds

    Option trader tax status

    I trade /ES S&P 500 e-mini options spreads, normally holding the spread 8-48 hours. I trade daily. I trade the weeklys. I keep good records. 4 years ago the IRS questioned my deductions for home expenses and write offs (i.e. computers, data, books, magazines, data acquisition, home office...
  17. Steven Leeds

    Negative vertical spread price??

    Like someone else suggested, stop using Yahoo for your quotes. Here'a what the Yahoo April 17 Put Weeklys looked like at the close today: Here's that same information on a real platform (i.e. ThinkorSwim); Note that the quote on the ToS platform for the 207.50 Put is not .08 as suggested...
  18. Steven Leeds

    Barron's magazine 22nd annual rankings of "Best Online Brokers"

    Glad you don't have to wonder anymore. I am Leeds as in Mr. S. Leeds, not the Leeds from Yorkshire County England.
  19. Steven Leeds

    Does Russel2000 index have option?

    Had you Googled the terms Russell, (not russel) 2000 and Options you have received 834,000 hits. I.e. 834,000 references, in whole, or in part to the Russell 2000 index and associated options. Based on the information others have provided you (e.g. the symbols IWM and RUT) you can further...
  20. Steven Leeds

    Long on options vs day trading?

    That's all I trade, Weeklys. That said, I recommend that you start your education by reading the following books and visiting the following websites. Books: -Option Pricing & Volatility (2nd Edition)..Sheldon Natenberg -Options as a Strategic Investment (5th Edition)..Lawrence G. McMillan...
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