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David, thank you very much for you help and effort in getting this issue resolved this quickly. Your presence and work supporting IB customers on this forum is most appreciated. Dave

def, I'm glad to hear that efforts are underway with respect to improving the quality of customer service. Unfortunately, with some of the answers I get from the helpdesk I often have to wonder if they even understood the question. It's also good to hear that the issues with Nasdaq stops are...

Election of Nasdaq stops is not based on trades but on bids and offers, respectively. There has been ample discussion here recently about the unreliability of IB's Nasdaq stops (Nyse stops are working fine) and IB has inofficially acknowledged those problems (check the thread archives). What I...

Filing a W-8BEN will only do away with withholding tax if there is a tax treaty between the US and your country of residence. Otherwise the only thing it does is establish status as a non-residential alien. Even with a tax treaty you will be subject to withholding but at reduced rates set forth...

After July 9 when SuperSOES is rolled out SNet will be a thing of the past for NMS stocks. So there's no reason for IB to invest into expanding their SNet routing capabilities. Unless of course SuperSOES is delayed again at the last minute.

WMS is another candidate due for a retracement

Def, could you please bring up this issue within IB? Unfortunately and as usual, the helpdesk (except for Dan) is utterly clueless and not even willing to look further into this issue. They insist that no changes have been made to the order submission with REDI which can't possibly be true...

The only thing you need to do to get an "open only" execution is to put in a market order before the stock opens and you are guaranteed to participate in the opening print. The fair value arbitrage strategy you've talked about on the Bright thread seems to be based on limit orders put in before...

The most annoying problem with JTS is that the currently active order line or market data line loses focus whenever another order line located above it is cleared from the page after execution or cancellation. Especially when scalping this is a major pain because inevitably in the middle of...

I've recently received and email from Steven Sanders, assistant to IB's chairman, soliciting feedback concerning choice if IB's Best Execution routing vs. other choices (manual routing, REDI, ARCA algorithms). I let him know that lack of documentation and lack of notification of changes is the...

steven, I believe the omission of BEST_ECN from the Destination pulldown menu is an oversight/bug in JTS. It's probably a hardcoded list that they forgot to update. Also one of the choices in that menu CFCO (Cantor Fitzgerald?) does not show up in the routing choices menu when setting up a new...

Assuming you're talking about front month options you can infer how likely you are to be assigned by how much the option is ITM at the close on expiration Friday. If it is ITM by 75 cents or more you are guaranteed an assignment since the OCC will automatically exercise it even if not requested...

Eugene, thanks for sharing your experience. I would appreciate it if you could elaborate a little bit on that "open only" order strategy. If "open only" refers to market on open orders those are available to anyone. It is also my understanding that in order to execute NYSE trades for their...

The best risk/reward doesn't help you much if the reward part of the equation is unlikely to materialize as is the case in your example. You also have to consider the odds of the desired outcome.

If you're just neutral to slightly bullish on the stock I don't see why you would want to sell a deep ITM spread. In addition in your example you'd be buying much more time value than you're selling since the 20 put is ATM while the 30 put is deep ITM. Chances that you are going to be assigned...

The course predates his recently published book "The Master Swing Trader" so while I have not taken his course I would believe that most of the material is replicated in the book. IMO it is one of the best books on trading that has come out in recent years.

The strategy def points out above can also be a great idea when dealing with a volatile when the option is not deep ITM since in addition to locking in the expiration value of the call you get a risk-free shot to the downside.

Of course an autoex agreements that your broker may have with an MM can help as it provides "artificial" liquidity at the inside market.

Nobody is favoring anyone in those situations. It's simply that demand overwhelms supply or vice versa. So either you're among those with the fastest trigger finger or you'll have to pay up.

IDT is what I call an "NYSE dumper". The high percentage play with these is to participate in the opening print and then scale out with the specialist as he lifts the stock from the open. With such huge sell imbalances the specialist will almost always be the buyer of the majority of stock in...