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its simple PAYMENT for ORDER FLOW. They get a fee for seding your orders to specific desks. I dont know zecco off han but all these brokers have payment for order flow deals and soft money deals. If they are taking the other side of your trades they have to tell you they're in that business...

There is no standard for level II and as I mentioned earlier in this thread Level II was never meant to be the be all and end all of prices in the market, there is simply too much data and too many ECN's and exchanges. Level II was meant to give the retail trader more of a view of the market...

Brokerages dont make money on spreads since they execute orders not take the other side of your trade. They dont front run either. Yes there have been cases in the past where thats happened but its pretty rare these days. Most of these retail brokerages you guys are talking about dont make...

Martha Stewart went to jail for lying to the FBI she was not convicted of anything else. The kid in the basement was playing penny stocks at a time when it was a lot easier to get away with that crap.

I could not agree with you MORE well said!

In a stock that only trades 100k shares a day EVERYONE will notice you trying to buy in chunks. The market will see you coming and going and yes you'll get strung along by the market not your broker. For the second time those other retail brokers dont rip you off, they dont front run your...

There are no "fake" level II and level II was never intended to be the entire universe of prices in a stock. Level II was developed so that the retail customer could see a bit more then the best bid and offer. Scottrade and others dont front run your orders and the bids and offers you see are...

“In other words, when you sell, you are selling 2 or 3 cents less than what the market really bears at that moment. The difference is pocketed by Scottrade. He mentioned that they monitored different Nasdaq Level II platforms at the same time side by side and they had all different prices for...

If 20k shares is close to 5% of the companies outstanding shares then its not listed on any exchange that the SEC cares about.

Investigation for what? More likely you'll get Xmas cards from the mm's in that stock

Grant as I mentioned in my previous post. Euro sytle options appear to trade below intrinsic only because the difference in what you precieve to be intrinsic and where those trade is made up in the cost to cary the hedge.

Lar, You’re correct I wrongly assumed we were discussing Equity markets. I am sure there are markets where the skew is opposite. Neo, Even Euro style deep in the money puts don’t really trade below true intrinsic value. They do trade below what the generic idea of intrinsic is...

Grant, Not trying to nit pick but there are some flaws in what you posted. “However, a fall in implied is usually accompanied by a fall in the underlying.” You have that one backwards. A fall in the underlying usually results in a rise in the implied volatilities...

MTE where that is true in theory its not in reality. Volatility skew in both the out of the money puts and calls will distort the shape of the curve significantly. I know I am getting a bit technical but its worth noting.

No big deal, like you I also get tired of that BS which is all over the net, I was just poking some fun at it wasn't meant to offend the rational decent people here just the trolls who hide behind their puters.

wtfom, I am all for rational discourse and helping people. It just seems that so many of these threads just boil down to people flexing their internet muscles and cat fighting. I am not making a statement about what I know or anyone else knows. I tried to interject a little sarcasm in hope...

What an entertaining thread.... nothings funnier then two people or more trying to flex their internet muscles

I dont use TOS but I am guessing tha the picture you're seeing is just a snap shot in time for today and as time goes by that position decays into a loss unless the stock moves

The markets in the put call parity are just too tight to be out of line. Its not really being arb'd its just that the market has become so efficient.

The put and the call of the same strike have basically the same gamma and theta. What you're missing is that the if you're long the call the options model assumes you shorted the stock. The difference in the theta between the long call and long put is the interest you'd have collected on the...