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really, perhaps you should check here: http://www.cboe.com/publish/feeschedule/CBOEFeeSchedule.pdf I just checked it out, it is very confusing to say the least... What I would be pretty sure of though is that IB and Peak6(OH) are either market makers or Member firm prop and if so they...

I guess it depends on the volume you trade... Personally I trade on average around 3000 contracts per month so a flat rate broker would be the best choice... And I don't care if there were any hidden fees. Hell if its still hidden then it can't be that high lol. I have done some research on...

I have a very basic question... Alot of you guys talk about stock prop firms and what are the commissions, % payouts, leverage and the rest but I never see anything on the option prop firms... What kind of rates are acceptable or not in that category?

Its exactly the same thing... If you end up selling the stocks for 1000$, then its either: a) you paid 1000 and sold 1000$ so 0 capital gain on that. But you sold calls for 200$ and "bought" them back at 0$ so its 200$ capital gain b) Its also like having paid 800$ for the stock and...

You question is ambiguous I think... Do you mean using options as a replacement for a stock? ex: I buy calls on SPY if i think its going to go up. Or Do you mean using options to create a synthetic position that would be equivalent to having bought SPY. Those 2 things are very...

When I look on the CBOE's website concerning the mini-spx options, it really says they are exacty 1/10 of the regular spx contract. The live quotes of both of them do confirm that. http://www.cboe.com/micro/xsp/introduction.aspx My problem is with the apparent disparity in the way the...

When I look on the CBOE's website concerning the mini-spx options, it really says they are exacty 1/10 of the regular spx contract. The live quotes of both of them do confirm that. http://www.cboe.com/micro/xsp/introduction.aspx My problem is with the apparent disparity in the way the...

I do it, trading options on expiration week is the bread and butter of my option trading. I never trade option spreads under any other conditions. I know most of you guys will think this is crazy but for some reason, it works much better for me than longer term ones... I guess my signals and...

Strange, but I am sure they must authorize it in an RRSP... I know for certain that my broker does - I should know I used to be an options broker for them.

No they don't, you are allowed to do them in RRSP's...

Technically what you are trying to do is called a short call spread. I do not know the rules for option house but I can tell you about the broker I use: It has nothing to do with having a 5000$ margin. Normally the 5000 is the minimum amount to open a margin account. Like I said I do not know...

I am in Montreal and I am currently looking for a prop firm. Technically I have my own funds and I have some experience at trading. Basically I'm looking to use a prop firm almost like they were retail -with better systems and commissions hopefully. The point is that I have read about a few...

I don't know if you trade from home or from a firm but... well the best thing is of course if you would have access to a bloomberg terminal. The info is easily available there.

Playing that would be a classic rookie move. I do not know exactly the details of the "payment" on the JLW series but what is 100% certain: these are the former MER options. AKA it means it represents more than 100 ordinary shares of BAC, maybe something like 120... (again I don't know exactly I...

Number 1 rule: don't send good money chasing after bad money... Whatever you decide to do, you need to see it as a completely new trade. If you try to catch up on a bad trade you may very well dig yourself deeper. If you transform this into a iron condor, then make sure the main reason is...

the only case were you would need to pay the dividend is if you are short stock. No option position will result in having to pay dividends nor will it get you to avoid paying the dividend if you are still short stock going through the ex-div date

Even if it was possible (i would need to think about it), they would buy very specific options OTC which may be very difficult for retail traders to go. Since they also have usually the bear and the bull etf, they may even trade "in-house" one etf with another.

Well there really is not point in buying a put that would be lower than 745... Right now you have a combination of a short put spread and a short call spread, there is nothing complicated about that. Now you sold some 755 but bought 745's so (unless you didn't buy as many as you sold and...

You are 100% correct on that, these guys are absolute crooks... Its the reverse sausage effect: the less the spreads are attractive, the less volume there is, the less volume there is, the spread keeps getting worse and so forth... I'm happy to be Canadian, but damn apparently we can't...

Not with every broker... The way to do it is: 1) You buy the stock in your CAD account on the TSE. 2) You sell the covered call in your USD account on the NYSE. 3) Once settled, you have the short call position transfered from the USD to the CAD account. In a case like this, if you...