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I entered DAX and it said I don't subscribe to that market data (TSE). I have been experiencing this with ordinary near term slightly OTM calls on basically every common stock I've looked at. e.g. OVTI MAR06 25 Call (Smart) QLGC MAR06 42.5 Call etc. When the market opens in a couple...

IB's TWS default option model always shows extremely low prices (far below market) for every single call I have entered. Do you consider these model valuations valid, and if not, how have you tweaked your model to get more realistic model prices? (For those of us using Interactive Brokers...

IB emails me my statements, at least 8 hours after the market closes. I conjecture that they process the larger accounts first, then work their way down. Logging into the web site does not change this - your statement is not available there either, until 8 hours after the market closes (and they...

Doesn't TWS let you specify "liquidate last" for important positions? Tell me how they would design a computer algorithm to read your mind about what is important or not. We can't blame IB for aspects of how the market works. Or for running our accounts close to the margin edge...

If you have an account at IB, they add on a free paper trading account. Not entirely sure how they simulate the back end, or if that's proprietary. They only released this 5 or 6 weeks ago. You get used to their interface and so far it seems 100% identical to real trading. Minus some of the...

1. Who do you use instead of IB? 2. I'm not sure I can imagine avoiding the bid-ask spread. Can you post an example trade? 3. Looks like we were wrong about AMD. It is up 4.43 in after hours trading to 37.80 on strong earnings. Coulda... shoulda... woulda...

I'm with you so far, but we still have not factored in the cost of paying the bid-ask spread. This unavoidably comes out of our pocket when we exit our position(s). I have also noticed that many of these options are not particularly liquid, so that a LMT order can sit there all day and not...

Appreciate the helpful replies. I am using limit orders (and even BOX price improvement orders) in IB's Simulated Trading paper account. Not sure how they simulate all this, but in any event it seems like it takes a while to get filled if at all. I can only add 2 thoughts. First, we need to...

You, or anyone on elite trader with insight into directional trading. I ask about typical term because, while I know we're readier than a dog with two dicks to get into our directional trade, we really ought to look at the long run. While I'd feel like a big swinging dick to buy 200...

What term do you usually select and do you go ITM, ATM, or OTM? I'd like to go 2 or 3 months out, so the story can play out, and so theta doesn't bleed me. And a notch or two OTM. How many directional trades do you make a year? Even with all the leverage it seems that eating the spread on...

Roth IRAs are the best for handing off to your children. You build money tax free until you die at say 87, taking no withdrawals. When your son inherits, they make him start taxing (tax free) withdrawals, based on his life expectancy of say, 82. This in turn helps him to become a spoiled trust...

I wish some of you other posters found this problem as interesting as I do. You know, the great thing about trading options in your IRA is, you don't have to worry about the tax implications. Until this thread started at least. You guys better get off the dime or I'll have this figured out...

Hmmm, you know, this whole question is rather interesting. Now, one can take opposite sides of just about any position in each of the IRA's. But in another sense, if you can predict a loser, you are in effect predicting a winner. And in an efficient market, you can't give away a free lunch even...

How about this: sell naked put and naked call in your traditional IRA, buy long call and long put in your Roth IRA. If the stock ever makes a decent move in either direction, you lose money in the traditional and gain it in the Roth. Of course, you're out 4 bid-ask spreads, but that's certainly...

You are allowed to do a partial transfer of funds from your Traditional IRA to your Roth IRA every year. There are 2 problems however: interactive brokers does not let you do this, and the money becomes taxable income. Its additional marginal taxable income for the year you do the transfer...

I suggest developer17 simply defer his taxes until August 15 and wait and see what IB files with the IRS in mid-year. (They do send him a copy?). Its possible that the IRS could say, you didn't click the don't exercise button, you implicitly caused these losses and subsequent contributions. That...

developer17's IRA went from $1500 to -$8500. Then it went from -8500 to 0. (When IB drained his other account). So this last move could be considered a contribution. OTOH in one of the above 21 pages of discussion there is some talk about how an IRA cannot be negative. I mean in a non-IRA...

[/B] Such thinking cost developer17 $10,000. The default is for the options exchange to automatically exercise them for you. This can result in a margin call. This in turn can result in a highly leveraged loss. (or gain). A lot can happen in 48 or 72 hours over the weekend and you are holding...

Correct. Developer17 was long. The exchange auto-exercised him. And the underylying stock he now owned opened gap down. And he never had the money to own a quarter million worth of GOOG so IB liquidated him as soon as they noticed what had happened, then raided his other IB account for the...

Not sure about stocks, but I sometimes trade the E-mini S&P 500 Futures e.g. as a hedge (symbol starts with ES, see http://www.cme.com/trading/prd/overview_ES702.html ) They only hold me to $2500 margin during the day and $4000 overnight even though I am wielding a $60,000 contract. So this is...