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Also shows how much a broker can make here. Customer buys 100 shares of NKLA and he is happy that broker doesn't charge him a commission. Broker then makes $200 a day loaning his stock out.

Assuming the stock at 65, that's 65 x 3.60 or $234 per year (per share) divided by 365 so .64 per day or $64 per 100 shares (or one assigned call). So that $192 for 3 days. So if he was assigned on 52 calls it would be about $10,000. Note that the short rate now is over 800%

TD/TOS just banned any opening spread that includes short calls in NKLA.

You may want to check out Livevol. I believe they will give you a free demo as well. They may have the time and sales information with tags. https://www.livevol.com/

Ha, I am a simple retail trader. You can get WEX through many different brokers, including Lightspeed.

I get time and sales through my main trading platform, WEX https://www.tradewex.com/

These tags have been extremely helpful to me. I have a program that looks for certain types of spreads and with these tags I can filter out many trades. MLET would be the most common (Multi Leg Electronic Trade) for a spread, but now you can tell if it is a floor trade, traded against stock...

Late last year OPRA (options price reporting authority) added new tags to options time and sales. There are now tags that tell exactly what type of trade took place. There are about 20 different tags now. Here is the list of all of them, see page 20...

LOL, I point out how you can make more money on a trade next time instead of locking in a guaranteed loss and I get a "piss off" Good luck with your trading in the future, you will need it.

Well you just lost money. You could have sold your calls and bought the stock at the same time. You would have the exact same position you have now and made the extra time premium on the calls. By exercising you lost that premium.

If you want to get out of your position you would sell your option not exercise it. Exercising an option doesn't get you out of your position, it gives you long/short stock. If you exercise your option early it will cost you money vs selling it out as you will lose any extrinsic value your...

If you want to hold the stock why not wait until the option expires or sell the option and buy the stock. If you do that you won't give up any extrinsic value the option still has.

That makes absolutely no sense. If a stock falls below the strike price and you have exercised, you will keep losing money as you are long the stock. If you just have the calls, you will not lose anymore then the premium you paid. You will have all the upside but not the downside if you...

Why would you want to exercise your options early?

Bob, Is it your understanding that a non pro customer can be on both sides of the market if the orders are at different exchanges? So say you are bid on the CBOE and offered on the ISE? I have heard mixed opinions on this.

Isn't there a 350 cutoff time to enter a MOC order? That's what I had thought, could be wrong.

Click on @ajacobson's link. Basically it is the dollar value or the share quantity exceeds a certain daily or monthly limit. Question 1.3: How are options calculated for purposes of the identifying activity level? Answer: As provided in Rule 13h-1(a)(7), the identifying activity level means...

Your best bet is an email to marketservices@cboe.com

My firm helped me with it. As I remember you needed to log into the site every so often otherwise you needed to go through the whole process again to obtain a new password. This was several years ago. I was asked to do this as at the time I was trading a lot of time spreads with expensive...

Yes, went through it awhile ago, but no longer have it. It is a pain in the neck, mainly dealing with the web site as you mentioned.