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They probably saw the deluge of arbitration requests that brokers are getting over the CHF debacle, some of which I've seen encouraged here, and decided the best way to avoid being accused of ignoring a stop loss is to eliminate it.

Definitely because everyone leverages up, why else use options in this context. I would note however that just because a phrase is used a lot doesn't make it somehow less accurate!

Yes, but at least you're not waiting for a refund while the IRS works through the establishing the fraud.

Serious question here, why not open a small long position if you want to go short, then hit the "2-3 point behind spread" big to go short, or vice versa? Seems if they consistently manipulated their feed you could easily take advantage of it, no?

Do you understand that SPXL rebalances daily, so if SPX goes up by 20% in a year SPXL probably will not go up 60%? You'd have to rebalance your position daily to actually get 3X returns, but of course you'd lose on transaction costs. Why wouldn't you just buy ES futures?

This may be the first and last time I defend IB, but I'd humbly submit that you may get more satisfactory results if you go about this in a different manner. I'm sure you think you're in the right, but trust me, you have very little chance that anyone is going to agree that IB should have...

Again, average daily volume for anything is highly misleading, but for VIX it is almost by definition a misleading metric. The nature of the VIX beast is that most of the annual volume is going to happen in a very few days of the year. The distribution of volume may be relevant (or not), but...

So you have most of your money short treasuries then? I'm amazed at how many people especially here seem to be dead certain that massive inflation is not only just around the corner but actually already here but hidden by the gubment. However none of them have put their money where their mouth...

Its an interesting article. I do think it's cherry picking its data to make its point, for example they're saying that on a day equal to the highest VIX move in history, the ETPs would require 95% of the average volume of the underlying futures to rebalance. Common rookie error or purposeful...

Great point, its frustrating to see these guys with limited understanding of the differences between micro and macro economics trying to treat national debt like personal credit card debt or holding this vague but persistent belief that whoever holds U.S. bonds somehow now "owns" 'murica.

He may not be trying to scam you, but the opportunity isn't actually there. The bank is a bidder on what is essentially their own property, and will always bid up to their idea of a fair value if anyone else starts bidding. The whole auction thing is just a legal requirement, and bonus for the...

I used the word profit very carefully in exactly the way a CPA or tax attorney would, and used the term revenue otherwise, look at the posts. Its absolutely relevant in a discussion about tax policy to point out that current tax policy drives growing C corps to reinvest "revenue" before it...

It seems we're disagreeing only about if a corporation should invest their revenue in growing their business before the end of the year or after the end of the year. And I guess if the people running corporations are intelligent enough to know what their tax bill will be under a variety of...

So either you or the CPA for my C corp are wrong. Which do you think it is? If I know my business will have $100,000 in revenue this year and I invest in hiring an extra employee for $100,000, my taxable income is $0. Same if I invest those revenues in a new widget maker that costs $100,000...

That's already the case, albeit you take somewhat of a hit on investing in something that has to be depreciated vice capitalized. In fact removing corporate taxes disincentivizes reinvestment in the company, because the way the tax code exists now you are able to defer paying taxes by reinvesting.

I agree with the OP, that option terrified me when I was using IB regularly. Never figured out how to disable it.

If you're investing in a company without looking at their full financials you deserve what's coming to you. Debt and cash flow are in plain sight in every one of these company's quarterly financials with about 30 seconds of scanning, you'd be an idiot to be surprised by it because you were just...

So I'm not following the "Currently if one donates to enough politicians one can have a complete tax exemption for oneself written into any bill at all... So a lot of small businesses don't pay anything." line of thinking. I happen to run a small business. I pay plenty of taxes either as...

Because markets have been pretty definitively proven to be weak-form efficient and in most cases strong-form efficient, so anyone "trading" by their intuition, a data fitted backtest "system" or looking for pictures of unicorns on charts has a 10% (or whatever the actual success number turns out...

What's wrong with introverts?