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This is my modest contribution to the option world: I usually do short put spreads as out of the money as there is a bid on. Short term only, less than 30 days. (I will try to sell the last one that has a bid and buy one lower that doesn't have one) I know many people here do IC, I don't...

and did you take a look at your check for an institution #?

Well I guess it depends what you are looking for. You are correct that they do not require 25K to day trade but commissions (although they are not too bad on stocks) are still higher - much more - than on the US side. Have you asked questrade directly but I'd be extremely surprised if they...

I think it should be gross of fees. The thing is that you are playing with some guys that have very low fees and it would force you to take more risk than what they have to in order to achieve the same net return. If you want 0-40% net IMO you are putting yourself at risk for no reason. If...

Being Canadian I cannot understand for the love of God why you would actually want to open an account with one of our Canadian thieves of brokerage firms but anyway... That being said, I suspect you will not be able to do it because you are not a Canadian resident. The institution number is a...

its actually not a bad idea, I hadn't thought about that. BTW I don't know if I'm the only one but I can't seem to login anymore on options lab, it just doesn't do anything when I try

That was not a bad idea. One of my main problems though is that I cannot get my head around "net buying" options. I know a credit or a debit spread have no inherent advantage, Its just a trading philosophy. Also I do like to know what I risk (obviously) but I do want to know whats my upside, I...

Thanks for the input. I guess I always look for the most twisted or complicated way for getting from A to B lol... Normally I would have done a short put spread with the 36/32 for a credit of 1.50$ but I was just trying to maximize the gain/loss ratio because I don't like to make so little...

I apologize in advance cause this might be a long post and maybe a bit hard to follow... Basically it is a trade based on EEM (emerging markets ETF). The reason why I am posting it is because this is not a trade I would "normally put on"... EEM closed at 35.80$ friday. I figure the trend...

What you are proposing is a very simple concept... Basically you do short put spreads and short call spreads. And if you combine both then you've got an IC. It is rightly pointed out by others that this strategy has a limited risk and IMO is infinitely smarter than going naked short. It...

The number one reason for their popularity or lack off IMO is regulation. I cannot speak for Europe but here in Canada, the only way a small investor is allowed to buy a product that has a hedge fund type of mentality is to invest in those. Otherwise to invest in a hedge fund you need to come...

I agree with Mark A IC HAS to be long the wings, this is a credit outfit guys... Also it is right that this has been discussed, the risk profile is the same, IMO you go with the highest % of being filled by the MM and thats it.

I have looked at them but they require a total reprogramming of your thinking. Because they either are worth 100$ per contract or nothing at all, the price relationship is all screwed up. Lets say S&P is 1000 and you have a call with a strike of 990 then the intrinsic value is 100$ (not 10$)...

I have one of those... Don't expect anything from I.B. You need to work out everything with the clients prior. The only thing that you can package is the fee you charge, that you can put in the IB system and it will do it automatically

Doesn't sound like a good idea, Deep ITM options don't have alot of time value and they have a very high delta

I wouldn't really care at what exact price it would be. I would send something like that as a spread with a net debit or the equivalent net credit (9.75$ vs 0.25$) In any case that was just an example, I never trade RUT. I was just wondering if there was one I had a better chance of being...

I was wondering something about market makers... Lets say for example that you think that RUT is not going to be below 490 at the august expiration. Its very conservative I know but its just as an example... Well then you could do one of these 2 things: 1) You buy a call spread 480/490...

Thanks Traderzone but I am still unsure if trading at a prop firm would be considered an employment considering basically you trade your own money. It states: * Activity in which the applicant shall be engaged; * Purpose of entry; * Anticipated length of stay; *...

I was wondering: Would a Canadian citizen need a green card to "work" in a prop firm in the USA? Technically I guess he would pay taxes in the US on his capital gains, which I assume requires a US SSN... Does he need to have a green card for that? thanks

[/B] Yah.. I just looked at it again and realize line one: I. CUSTOMER.....................................................................................................................................$.00 Pretty sure that's what would apply to me when I execute an order. [/B]...