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You can look at MFE. If you like trading derivatives, a MFE will definitely help imo.

Look good for start-up funds. Thanks. If you have more info about the cost (initial, and operating cost), can you share with us?

stc rut dec 800 call/bto rut jan 840 call @ 0.9 x 3 bto rut jun 950 call @ 3.1 x 2

Is there a difference in setting up a forex hedge fund and other hedge funds?

No. Only stocks. Deposit amount depends on the group that you join. There is no company-wide policy.

Mark, I should not say stupid traders. I myself did try to buy illiquid options (one leg) sometimes, and usually had it filled at the ask or close to the ask. The reason was that I was trying to long the curvature some time after I opened my DDs. I will expect there are some retail...

I just want to clarify that I have done and will do everything legal. Even if I have day trading patterns in all my accounts. So what? I have been daytrading options for a long time. I want advice from someone who understands the regulation, and not from someone who knows nothing. :mad...

Mark, I understand I will have only one leg in most of the cases. Since I have a "better" price every time I open the position, will it generate a positive expectancy? I actually don't want my offer be filled by MMs. I expect some stupid traders will jump in to buy or sell at market order...

You can't use marked to market unless you trade prop or file to use MTM. Most retail investors are not. [edit] If the underlyings are different, it is not a wash sale as Don has explained.

If you close Jan07 before the end of this year, it doesn't matter. The tax consequence is the same. You usually don't have to report it as a wash sale with adjustment on your cost basis. However if you don't close it by the end of this year, it is considered as wash sale.

Mark, I have a strategy and don't know if it works for retail. As a market maker, you probably have some insights in this strategy. Usually the bid and ask spread for illiquid options is very wide. Assuming the market is efficient and the expectancy for buying or selling at the mid = 0...

Thanks a lot for clarification.

TS, There has nothing to do with tax. I think Mark understands my point clearly as he was a market maker. I am just trying to save the settlement commission if rut goes over 800, and release the margin in the same time. During the expiration week, I usually try to free up my margin for...

jtnet, Can you tell us how long it takes for you to learn by yourself? Do you know how much time and money it will save you by getting a good mentor? Your group leaders make money from your commission. It is their responsibility to train you. Of course, you have to learn by watching the...

Mark, I understand it is illegal for a broker dealer rep. It is called "painting the tape". I don't know if it is allowed for your retail accounts. Since you really don't know if these two actually get filled with each other when you place the order. If I don't get a firm answer, i...

Yes, that is what i meant. I opened these two positions in different time in different accounts because of the margin consideration at that time. On paper, it means i will have zero net effect on my p&L, but on settlement, my brokers will charge me settlement fee for these positions. It means...

Do you mean the real level 2 or the one that RCMLLC described?

There is no "company-wide" training program in assent. It depends on individual groups and group leaders. You should talk to the group leader and see how they are going to train you. Don't work under any group that provides no training (or very little training).

Does anyone know if it is legal to buy an option using one account and sell the same option using another account? Since option market is not that liquid, it is very easy for me to buy and sell the options at the same price at the same time by setting a limit order. Currently I have shorted...

TS, My limited experience with ICs and diagonals shows that ICs provide better return in most of the time than my diagonals (there are many ways of trading diagonals, so it is hard to generalize). Most of the time the return on margin for diagonal is less than 50% of that for ICs. However...