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Any services provide closing B/A or compute their accounts this way? I use IB and have a bunch of Leaps and the swings in my account balance daily are like 10 percent sometimes because of this.

But how can an 80 call trade at 25 when the underlying is at 115 (regardless how much time left to expiration)? It is an instant arbitrage position, no? Buy the call at 25, exercise it, get stock at 80 add the 25 you paid -- and you have a basis of 105 for a stock selling at 115, an instant 10...

I'm looking at POT options, Leaps and short term, and most of them seem to have negative time value today, at least based on the close. How is this possible? It can't be. I mean an 80 January call, with the stock at 115, trades for like 25. Can't be. Or an I stoned? Bunch of options like that...

you can short naked options in in IRA -- options on futures. I write naked calls and puts against ES, for example, all the time in my IRA.

I short naked options in my IRA -- using futures as the underlying.

1. How do I opt out of Sec. 988 to get Sec. 1256 treatment of any Forex gains? Is this done once? Annually? Revocable? 2. If I have losses and don't opt out of 988, how are they treated? Ordinary loss on a business? Is that really better than a Sec. 1256 loss? 3. I assume Forex is...

In case everyone is confused I am looking for a short put in an IRA and get the same margin as in a non-IRA. The risk characteristics of a covered call are are the same, I know. BUt the margin is not, and I would rather free up the case. I can only think of a naked put on single stock futures...

So I can take, say a $50,000 position in the Euro for $1,000? Why on earth would I do an ETF and eat up all that capital?

Looking for short put -- naked, not cash-secured. I can do that with a covered call.

Is that how it works on Forex Pro at IB? Contracts? Not cash amounts? So if I place an order to buy $30,000 AUD, the minimum, I have bought a boatload of contracts on margin? Or have I bought $30K AUD/USD and only used about $300 in margin?

Do I have this right? Let's say 300 shares of FXE costs about $42,000 and costs me roughly $21K in margin. The $42,000 EUR via Forex, however, say at IB, costs me about $2K in margin?

Do they exist? Or just on the equities? Need to know to try and short a put in an IRA without cash securing.

I wonder why they are illegal?

Can trade futures and options on futures in an IRA at IB, possibly even Leap spreads. Don't think anyone offers options on single stock futures, however, which is what you would need o write a naked put on a stock in an IRA.

I think they are going up on the ASX in Sydney soon. Google it.

Ah, ok. Makes more sense now. They are in Australia, too, and about to move to an exchange rather than OTC. Could be the next big thing in the states?

As I figures. Thanks. Was trying to mimic the yield (not risk characteristics) of a short put in a non-IRA in an IRA. I guess short put on the stock futures rather than the stock is a solution, if it is offered and I don't think FO are.

Ok, I get the theory of the synthetic, but are they equal considering margin required for each is different, especially since you can't do a short put in an IRA unless it is cash-secured?

Are these not baskets of currency vs. the dollar, which I specifically said I was not looking for? I am looking for currency-specific, as in the dollar-sterling; dollar-euro. But the ability to be long dollar without shorting the instrument. Not a complicated question.

Are there any long dollar ETFs that are country-specific rather than versus a basket of other currencies. I know there are several Rydex ETFs (FXA, FXE) but theya re long the non-US currency. Yes, you could short -- but not in an IRA. And the puts are too short-dated (no Leaps) to buy and you...