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Like I said, I have been doing it in my IRA for a while without a problem...it's just a stock and option cash account. Exercising is something that IB has to deal with as a reality. I understand most of us will never exercise (from a buy to open), but they must allow customers to do so if...

Is this a universal account? I have 2 IRA accounts with IB and have been trading options in there for over 9 months. I have not converted to the universal account. Are you in the US? denominated in USD? This seems odd.

Is your account approved for options trading? I understand it is an IRA-SEP, but even so, there are two levels of cash accounts.

I was the CFO of a large non-profit for a number of years. I would tend to agree with both of your statements. It goes without saying that in the larger entities, CFOs rely heavily on a number of key underlings to do the real work. Most of the "problems" that are being found today are the...

My dropdown change column for some stocks has each penny increment listed ten times. It's been this way for a while but only on certain stocks. I guess I stick to the big ticket items when dealing with IB...figuring they know about it but it's lower on the list.

The 14th is not a real deadline. Most are required to sign "as of your next SEC filing after the 14th". So all of the folks who are riding the mo train up and down on this magical day may be sorely disappointed.

I've had problems with IBs "Smart/Best" routing. With a posted bid of 1.00 and autoex on, I will enter an order to sell a few contracts at 1.00. About half the time, I get routed somewhere else and then posted. Most of the time, somebody will pick me off after a few seconds, but other times I...

The ability to fog a mirror will get you in.

This...from a man with the screen name "inandlong"? Surely you jest?

There are hidden orders on the exchanges in pre market. Sometimes they will execute "out of nowhere".

You won't last long here criticizing THE MAN like this. Don Bright OWNS this place and all of prop trading. He'll be here to set the record straight with you and all the other dreamstealers any minute now. Bend over and get your wallet out. If you haven't learned your lesson after the...

Agreed Babak. The whole thing is a farce. We have plenty of "laws" on the books. Enforcement of existing laws would be a step in the right direction. This new directive should make the lemmings feel good.

She's a real piece of work. It amazes me that she is so popular given her basic advice regimen. A typical question for her is: "Suze, I have $200,000. Should I invest in a broadly diversified portfolio or set the cash on fire?" Could any gal with some basic financial knowledge, a lot of...

I put a significant amount of $$$ long on the S&P when the VIX touches 50, then double it at every 5 point increment upward. I then close it out at 35. It's a shame the setup only comes about once a year.

You're right...I missed one calc in my model...a costly one....shoulda looked at it again. Thanks

The divergence is there, you are correct. It is worth noting that the VIX is indicating a significantly higher premium now than when it climbed the first time. This shoud result in a new high for the VIX without taking out the prior index lows.

I don't trade the E-Minis, but I was considered using the futures contract as a hedge against the S&P, then maybe throwing in some options. Does anyone know if it is legal to box the E-Mini? For example: Take 1 contract long, then write an ATM call. Take 1 contract short, then write an...

I've never found a way to initiate a trade after about 15:01 central time. I thought those were earlier trades just getting posted and settled before the close...as happens with stocks after the bell that print "out of sequence". If you find a way, please let me know.

The "max pain" theory is max BS. If you do the math, it makes sense that most options outstanding are at strikes nearest the price...a self-fulfilling prophecy. This was created to sell books and online services. With so many so gullible, it pains me to think I have failed to create a...

If this is what prop traders do all day...I'm glad I don't participate. What a clown.