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But seriously, does anyone know if there is a firm that offers the following: No workstation fee, no monthly fee, no standard crippling balloon payment, no software fees, in other words you only pay commissions for the trades you actually make. If you always add liquidity (preferably to...

Has anyone ever had a trade busted by the NYSE? I had the following situation once: It was BAC in the first half hour of trading, pretty volatile and heavy volume. I put a bid in for I believe it was 86.82 (with the market being at 86.82), but before my order had a chance the market moved...

It all depends on your trading style. Your idea is no more objectionable than people looking for the holy grail in certain Bollinger band settings or MACDs.

From now on I will use the API to break up every order into 1-share orders. With IB, the commision will be $1000 for 1000 shares, but that includes everything!

Basically, I agree with everything. If you assume no possiblilty of loss, then a constant dividend (or any other) yield results in "exponential" growth, actually just "almost exponential", since the dividend/interest payments are not continuous but concentrated (they are made once a...

So that's the guy offering 150 shares. Talk about MAJOR SIZE man!

I guess I was wrong about the Saddam March contract. Looks like we have a Saddam bubble developing now that there are signs of slight Iraqi resistance.

Like Enron or MCI, only those were not that obvious in the beginning.

If you consider $500k a large account you should have no problem whatsoever trading the NQ any way you like.

They are probably having difficulties finding market makers due to lack of "prick factor" regarding exchange rules.

I think that's what a few people were trying to do today. Looks like it's down around 65 now. I don't think it will go much lower than maybe 50 as long as the war does not stop.

Sorry, I clicked the wrong button... But it has been moved in the meantime. Option_Attack is a great source of information and ideas, and I hope I am glad to see I am not the only one benefitting from his wisdom.

Oops! First of all, I forgot to mention: I am slightly profitable. Plus, I have to correct one of the numbers: I am more reactive than proactive in approximately 70% of all entries.

All you who answer: Are you consistently profitable? (if you don't mind sharing that information) I would think the most profitable traders scale in/out and are more proactive than reactive. I personally average up/down in approximately 10% of all trades, and I am more reactive than...

Thanks for the info. I was thinking about how stocks often seem to be glued to a strike price on expiration day, that got me thinking about how traders balance their options positions using the more liquid underlying and I was wondering if you could do just that for a living.

Buy calls and buy puts. Then keep balancing your total delta buy buying and selling the underlying.

Nicely said.

Good one!

Is there anyone here who does that? What account size do you need? How much can you make? What is your expected maximum drawdown?

I have wondered the same thing: How come QQQ options have a decent spread, whereas SPX and OEX options seem to have one market maker only? Does anyone know details?