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  1. M

    On IB API, can I use Good After Time order instead of limit take profit in a bracket?

    The first two are fine, they activate the brackets incrementally on partial fills and update the size as the parent continues to fill. If the parent hasn’t filled at all and gets canceled, the bracket does too. I think you can make the bracket whatever types of order you want, separate from...
  2. M

    OTC smart routing using IB

    OTC Link is a fairly new exchange for trading otc stocks, while the vast majority of volume is done through market makers. IB execution has suffered since they started sending most of their orders to this new exchange. I don’t know if the market makers don’t want to take orders from IB or if...
  3. M

    Top rate for 1256 contracts for CA resident?

    26.8% for 60/40 at 37%/20% max Fed rates, plus 3.8% Obamacare + 13.3% max CA = 43.9%, ignoring any state tax deduction at the margins under the new tax law. Top CA rates kick in around $1M. Remember most of these are marginal rates, so you’ll lose nearly half the $1Mth dollar, but the earlier...
  4. M

    Warrant question, help please...

    Hard to know the value without the stock and it’s volatility. If it’s a US stock, you can PM me and I’ll take a look.
  5. M

    SEC Uses Data Analysis to Detect Cherry-Picking By Broker

    If he could only manage to make 0.5%/day with a full intraday lookback option, he wasn’t trying very hard.
  6. M

    Blackstone "partnership distribution"

    You mean charge you several hundred dollars for the privilege of preparing the 990T tax return for your IRA, and then sending the IRS a check from the IRA account. I checked a few of those K1 samples and there are over a dozen 20V entries showing different sources of UBTI. Getting above my pay...
  7. M

    Blackstone "partnership distribution"

    Check out their IR: https://ir.blackstone.com/investors/tax-and-distributions/default.aspx You can’t be sure what will be on this years K1, but you can look at the prior year samples and get a pretty good idea.
  8. M

    SEC Charges Two Brokers With Defrauding Customers

    Well, apparently the trades were net $1M positive before commissions. That’s a lot better than I’d expect from this type of situation.
  9. M

    IB TWS limit of 3 level II/Time and Sales

    You may need to check your L2 market data subscriptions. Also, try closing and reopening the window if you just recently subscribed to the booster.
  10. M

    IB TWS limit of 3 level II/Time and Sales

    TOS L2s work the same for stocks and options, no issue with watching several of equity L2s.
  11. M

    IB TWS limit of 3 level II/Time and Sales

    TOS will show lots of L2 windows.
  12. M

    IB TWS limit of 3 level II/Time and Sales

    Read IBs description on this here. https://www.interactivebrokers.com/en/index.php?f=14193&ns=T#market-data-fees The number of symbols that can be viewed simultaneously via the TWS deep book windows (including BookTrader, Market Depth and ISW) is determined as follows: one unique symbol for...
  13. M

    How do market makers borrow shares

    MMs have an exception, of course. They can naked short and cover a week or so later without issues. If they hold the short long enough, they need a borrow or to cover.
  14. M

    IB - 4/1/17 TWS update, tips and tricks (column issue solved)

    TWS latest stable updated to 972.1p overnight. After several rounds where everything went smoothly, this resulted in a few glitches that I noticed and possibly others I haven’t yet. For example, 1. a few of my custom hot keys were wrong and I had to re-record them (after which they were...
  15. M

    Does any broker allow unprotected put options in a UTMA account?

    Cash secured short puts have limited downside, so they should in principle be allowed if you have enough cash in the UTMA account. I'd keep calling brokers to see if you can find out that allows this level of options activity. UTMA accounts are often treat like IRAs, so some options activity...
  16. M

    Trading Other People’s money

    Here’s a review of the CA rules http://www.dbo.ca.gov/Licensees/Broker-Dealer_and_SEC_Investment_Advisers/State_IA.asp Looks like there’s only a de minimus exception (6 clients) for people registered in their states.
  17. M

    TWS with IB Discussion

    Ok, well I don't know as much about options. For stocks, the only times I recall green status live orders not being sent out to the exchanges as I expected were due to a price cap issue, so they went out but at a less aggressive limit price than I specified. You get a warning (actually lots of...
  18. M

    TWS with IB Discussion

    You can tell if your limit order is live in TWS by seeing it with a bright green status. If it’s dark blue instead, it’s being held by TWS and may execute only when marketable or maybe not at all. This can happen if you screwed up your order configuration options, such as requesting something...
  19. M

    Has anyone been able to escape IB's price cap?

    It is a common complaint and I’m sure IB has decided for business or compliance reasons to maintain this policy despite making some customers, including myself, unhappy from being unable to take advantage and lost opportunities in volatile markets. Yes, you can call in or make a chat request to...
  20. M

    Does the answer to this quiz provide any insight into profitable trading?

    This is not a Monty Hall problem. Without knowing the distribution from which the numbers have been drawn from (or from a distribution of possible distributions), it’s very difficult to say much in general. For example, if the three numbers are unique integers 1,2,3, your strategy should be...
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