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I own SONS. They both very well could go b'rupt. KM looks closer than SONS. If they both go under, I'll have to start shorting every stock that gets a 2.5 from CBOE.

Thanks for the replies. I couldn't find the specific instructions I was looking for on the site. I've been having trouble both navigating the site and getting answers from IBhelp lately. There's a good bit of info on the site, I just can't find what I'm looking for sometimes. Thanks Again

I saw a blurb in one of the money mags about the ENE 2.5's somebody quoted a CBOE rep as saying that it was a unique situation and that you would probably never see it again. This morning, I'm seeing 2.5's on SONS. Has anyone seen anything from any source about the policy for rolling 2.5s?

I am trying to transfer two ROTHs from another broker to IB. I wrote IB help (twice because they didn't answer first email) and received two responses. The first response said it would be fine "to transfer the money" and made no mention of ACAT even though that's what I specifically asked...

As always...Thanks Def. I am one who closes out cheap options - usually in order to write a more expensive one prior to expiry (and I don't wish to be uncovered). Thanks Def

I finally got emails last night from both IBhelp and Sr mgmt. The one from Sr mgmt was very boilerplate and stated the case that any "non natural person" was a pro under exchange rules. I could see how they read that from the text that Zorro posted. The email went on to say that the IB site...

I am in the same situation with one of my accounts. They froze it yesterday until I signed up for pro quotes. The handling of this was horrendous and I am very upset. I am doing some research on this issue and will post here what I learn. One thing I have learned is that the SEC does not...

I got that email about the party being over today. Actually, I didn't get the email. IB froze my corporate account. After a long time on hold with IB help, it turns out all of the corporate accounts were held up. It seems they are forcing all corporate accounts to pay professional fees, even...

IB is out of their mind. I cannot believe that you guys LOWERED your option commissions on the cheap stuff. I just hope you guys can stay in business. I've got two more friends signing up next week with about 600K between them. I hope IB can keep up. I also noted from the time I opened my...

Unbelievable. Absolutely unbelievable.

I noticed this a while back and posted about it on another thread here somewhere. Be sure to check your ending balance from the day before and the beginning balance on the following day. Check Thurs, Fri and your next statement. I had brought this up to IB a few weeks ago and they pointed...

Now I've had it. You need not look outside your own organization for the snake oil salesman. Now tell me George Soros and Phil Cohen would be much better off trading with a prop firm like yours. I guess if they show up with 10B, you'd pump them another 30x just for the asking eh, Don...

When was the last time you shorted them at IB? AMZN is not on the shortable stocks list now nor can I enter a short order. Here's an interesting question...What if I sold calls (naked) and then got exercised and the stock wasn't shortable - as in the case of AMZN? I have never tried this...

My record is less important than the trust of those who would seek to invest capital with me. They trust me to invest their money as I would mine (and with mine). The goal of each investor may be much different depending on their personal circumstances. I took a number of years off from the...

I did some checking on the loss being trapped. According to the docs I have from my accountant, there is something called a "Section 481 de minimis rule". It states: "A taxpayer may elect to use a 1 year adjustment period if the entire section 481 adjustment is less than $25,000 (either...

I've been waiting for AMZN to be shortable at IB for a while. It seems that everyone else is shorting it. I wish I could. I've never seen such a scary balance sheet.

I'll second def's comments. Unbeatable commissions and great service. I have several accounts there now and am very satisfied...after using several other brokers in the past.

Thanks for the site, Warrior...I'll check into that. I had hoped this wouldn't turn into another one of Don's threads espousing all the many benefits of prop firms. As I've said on other threads in the past, I have nothing against prop firms and those who trade with them and I fully support...

I'm not sure what you mean about the "payouts" being better at a prop firm. We are establishing our own firm.

The plan is to charge 20% of profits and a 1% administrative fee per annum. Larger accounts could see a reduction in the 1% fee and it's possible that in a negative year, some or all of the 1% fee may be waived. Much of this will be standard policy subject to negotiation on a client by client...