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But the fraud is not THEIR fraud BSer!!!! Unlike Refco. Completely inappropriate title. OldTrader

Here's a link to the letter on IBs website. Notice the last paragraph. It indicates there may have been 31,000,000 shares dumped right on the close, which skewed the multiplier. http://www.interactivebrokers.com/download/Eurex_letter_070627.pdf I think the increased incidence of option...

I don't use the P&L column on a portfolio page. Never cared for it. But I look at the dashboard frequently. I think it's right. Maybe the portfolio page doesn't use your initial cost basis. Ought to be easy enough to check each of your entries on the portfolio page to see if they are...

I don't call it "irony" bsman. You're comparing them to a company that went broke due to fraud. Some people might call that slander. At a minimum...it's BS....your specialty evidently. OldTrader

Peterffy paid Interactive Brokers $37 million, the amount of the loss IB took in an option scheme. I don't recall the CEO of Refco paying money to the coming...in fact, the other way around. I don't recall any corporate officer ever doing this. Perhaps you could explain your statements...

BES stands for? Thanks. OldTrader

I agree...there is a "huge difference". Perhaps if you take the time to look down the list of the 140 people pardoned by Clinton on his last day in office, you'll see the difference. OldTrader

Perhaps you could clarify something for us all: when do you believe it is ever an "acceptable level of moral responsibility" to exercise the Presidential pardon? Use some specifics. OldTrader

Not at all. I was responding to the post by Sparohok, in which he stated: "To me the big difference is that Clinton made those pardons as he was leaving office. A lot of those people had been in prison for years before they got pardoned, so it certainly wasn't a lightly made decision to...

The "wacko right"??? LOL! Just so that you know, Article II, Section 2 of the U.S. Constitution grants the President the right to pardon virtually without limitation. What that means is that Clintons 140 pardons in a single day in January 2001 were sanctioned by the Constitution, just as...

I suppose you're not including Marc Rich, who was charged with tax evasion, fraud, and trading with the enemy (Iran) during the trade embargo back in the 80's, who then fled to Switzerland. Denise Rich, his ex-wife, contributed $1 million to the Democratic party just before Clinton's...

Sounds like you didn't read my post very closely. Here is what I said once again: "Perhaps you could discuss how this differs from the 140 pardons Clinton gave on January 20, 2001." I then posted a link. Notice that no where in my words did I make a statement regarding whether Bush was...

Perhaps you could discuss how this differs from the 140 pardons Clinton gave on January 20, 2001. http://archives.cnn.com/2001/ALLPOLITICS/stories/01/20/clinton.pardon/index.html

Did we ever determine how this "first $10K" that doesn't earn interest works? In other words, if an account has $100K cash in it, and does $90K in EFPs, that leaves $10K cash. Does this $10K earn interest or not? I'm guessing it doesn't. Anyone? OldTrader

Are your shares sold? Or do you open a short position in the stock offset by a long SSF? I think it may be the latter if you do the EFP as a unit with IB. If it's the latter then I think you have an argument that you have not sold the stock. Just speculating though...I'm not a CPA. OldTrader

I just posted this in another thread, but SSFs do not qualify for the preferential 60/40 tax treatment. They are taxed just like stocks. That was one of the disadvantages of SSFs from the beginning. OldTrader

Just thought I'd mention that SSFs don't qualify for the 60/40 treatment on capital gains. That was one of the disadvantages of SSFs from the beginning. OldTrader

Some of these profits are pretty skinny, making the dividend important to the return. Looks like early delivery is not an issue though. OldTrader

LOL! Now that I read your answer, I realize how dumb my question was. These aren't options...they're futures. So you're right, they probably are "delivered" at expiration. Maybe I better go read the specifications myself. OldTrader PS: What they say under Settlement/Delivery is the...

Any of you guys know whether there is a commission when the SSF is exercised at the end of the EFP? Also, what is the likelihood of an early exercise? OldTrader