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Two different contracts. One represents 10 shares DUST, the other the standard 100 shares.

Hmm, lets see. There are how many options exchanges, 13? I think I will send my orders to the CBOE and pay a surcharge of $2 per contract. If the CBOE stayed in Illinois they would have a total of ...... zero business. Or they can move and take all the jobs with them and pay no taxes at all...

Also, IB is one of the few firms that allow after hours trading in options. The CBOE trades SPX, SPXPM and VIX options between 2am and 815am ct.

Huh?? If I am a market maker, or a customer, IT MAKES NO DIFFERENCE what price the legs of a spread trade. All that matters is the PRICE OF THE SPREAD.

Are you kidding? If you sell a spread for .75, it doesn't matter what the individual prices of the legs are, as long as you are selling the spread for .75. 5 and 5.75, 1.50 and .75, its exactly the same.

Yes, the SPX trades differently from all other options. All the SPX options can be traded in the pit, but the regular monthly options are traded a bit differently. For "professional" orders in the monthly options the orders are sent directly to a broker in the pit. For customer orders, the...

Fyi, not actually true. Each exchange has their own process for dealing with orders. At the CBOE, if an order is sent at the market or even a limit, it will first go through an electronic auction process among the market makers and you may indeed get a better fill. For example in the SPX...

This statement shows you really have no understanding at all how and what your broker does. You have repeatedly ignored explanations given to you. TOS doesn't "profit" by 50 cents, they simply send the order to an exchange. If there is any "profit" made, its by the market maker who filled the...

Think or Swim has no idea where your order will really be filled, all they see is the best bid and offers being disseminated by the various exchanges. If you enter a buy order, the order ticket populates with the current best offer. This seems very reasonable and is certainly not a scam. It...

To understand, you're complaining that the system defaults to the current price offered when you enter a buy order? You realize that you can enter any price you want?

Think if you put on this trade, bought the Dec 18 100 calls and sold the puts for .10 (puts really don't matter here) and then sold all the spx 500 stocks at the perfect ratio so you are short the index. You will pay interest on your long calls. You will pay dividends on all your short stock...

A synthetic stock position should exactly track the stock. There are some things that will effect the spread, such as changes in interest rates, changes in dividends, and if the stock is hard to borrow. In some instances you are better off being long the synthetic as opposed to long the stock...

Scrooge, as someone with positions in these options, I can tell you that margin requirements seem to have no basis with what they say it should be and it can change daily. I don't have a position in an Interactive Brokers account, but my firm will have similar margin issues. I will suggest...

Hi, Do you also offer trading in the weekly VIX futures? Also do you offer trading in the VIX futures time spreads? They are quoted and traded in as a spread as opposed to simply buying one offer and selling the other months bid. Thanks

Ok will throw in my trade today. I bought 1,000 of these puts, SPX 2018 100 puts for .10 (by the way Scrooge, nice sale at .20) I have been trading these far out cheap puts in the SPX for awhile. I can guarantee that some time before expiration you will be able to sell them for more than .10...

Thanks everyone for the replies. Just opened an IB account in order to trade the premarket session in the SPX and VIX options. They are one of the few that offer access.

Does anyone know if IB still charges cancel fees for options in the US market?

Every stock will have a short "rate." The harder to borrow, the more you will be charged to short the stock. It is specific to the stock. You may be charged as much as 100% just to short a stock or you may be charged nothing. At one time you did receive interest on short stock, but with...

Customer Rep seems to be having a bad day, certainly could have been nicer. The question she didn't answer is how would IB handle it if you didn't have the money to cover the short position? Would they allow the exercise and then immediately buy you in?

I currently trade through Eroom and have been very happy with them. As Rmorse mentioned they are an introducing broker and your account will clear through another firm. The advantage of dealing with and Eroom or Rmorse's Victor securities is you basically will have more choices on software you...