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    Currency options expiration question (Globex)

    But let's say you had $25,000 US in your account and were long 1 GBP contract and at settlement the price had declined. What would happen, would you simply be debited the amount you lost or would you have to buy the full cash amount of the contract? And if so, would it convert to a Forex trade...
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    What are the best Mac-based trading systems

    Looking only for Mac-native.
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    Mark-to-Market tax question

    If I choose MTM for an account my wife and I are listed on jointly, do all our other joint and separate accounts also have to take MTM for tax purposes each year?
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    What are the best Mac-based trading systems

    Looking for something with options scanning, for futures, akin to OptionsVue or Options Station2001. But for a Mac.
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    What's wrong with this strategy?

    Thanks for the second and third opinions, guys
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    Mac software

    Any suggstions for Mac-compatabile software that will plot, scan options on futures -- major currency pairs, 10-year bond, gold, ES, in particular?
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    What's wrong with this strategy?

    True, on the stopped out leg I am naked a call or put. But what if I close that, too, and take whatever profit I have on that leg. And then let the other future/option leg run (with similar stops.) Sure if both stops get hit, I break even or thereabouts. But if not the risk/reward doesn't seem...
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    What's wrong with this strategy?

    But, given the stops, don't I really have a short straddle plus a long futures position, or a short futures position -- depending on which side gets stopped out if there is a price swing larger than the amount of the options premium collected. The risks I see are rebound after the stop and...
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    Currency futures broker question[s]

    I'm happy, pretty much with IB and the CME products. But only use it for the four majors (JPY/USD, EUR/USD, CHF/USD, GBD/USD) You can do the AUD and NZ contracts as well, but there is no decent volume in the options if you like to hedge or use those as part of your futures strategy. Not sure...
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    Trend Follower John Henry Assets Drop 80% In Year!!!

    Anywhere know where in Boca, this guy's outfit is based? He's hard to find. Address?
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    Currency options expiration question (Globex)

    For currency futures wouldn't cash-settled and physical delivery be the same thing?
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    What's wrong with this strategy?

    Let's use options on currency futures, for reasons I won't bore you with. Let's say I buy the June EUR futures @ 135 and write an ATM call for like 40 pips. And I put in a stop order for the futures at 134. 60. Next, I sell a Sept EUR futures at, say, 135 and write a put for 40 puts and put a...
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    Tax-Related MTM question

    Is there a forum on ET that relates just to taxes and maybe money management? Secondly, tax question: If I elect MTM for an account that is jointly in my wife's name and my name, does it affect the status of other accounts we hold jointly or by ourselves? Must they be MTM?
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    Re: working as a trader at a hedge fund

    You can rent that (and remember: it's a depreciating asset.)
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    Re: working as a trader at a hedge fund

    Then think about her having kids, divorcing you after three or four years and getting 50 percent of your net worth. Happens.
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    Currency options expiration question (Globex)

    On Globex, let's say I am short June Yen futures -- and sold the futures @ 82.50 -- and also sold a June Yen futures put at the 82 strike. And the Yen on expiration day closes at 81.50. Ok, what happens to my two positions? Do they just wipe each other out? (And I keep my premium plus the 50...
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    Tax-defered account versus taxable account question

    I amended it and posted it in a different catagory; is that considered bad manners on here? Everone seemed focused on the tax-implications in terns of taking a deduction on the losing side of the trade -- not on the simple transfer or assets. Apologies if this was not sporting.
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    CNBC Caught In Lie About Mutual Funds

    Scene: Graduation Party Middle-Age Neighbor: I have one word for you son. Benjamin feigns and attentive look. Middle-Age Neighbor: Bloomberg Or another variation: Bloomberg is God. (Graffitti scrawled on a London wall.) I could go on, but you CNBC watchers get my drift, I...
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    Tax-defered account versus taxable account question

    Let's say I have $100K in two accounts; one an IRA, the other a regular trading account. Let's say I write OTM futures calls in the IRA and offset them with long calls in the non-IRA. Ok, I have a zero gain. But have I not essentially moved money from the non-IRA to the IRA. (I won't get into...
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    Spread trading ES question

    I generally don't do spreads, but I recent had some ES short options I sold go in the money and I took the contracts rather than rolling out or closing the trade. So, I had these 10 short ES futures. I figured while I figure out what my next moves in the portfolio would be, I'd offset them by...
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