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Call vertical...put vertical...same difference. Once again, if you already own the stock then the spreads are irrelevant.

VIX options are priced off futures, but the two are different contracts so you cannot just cross over from options to futures like that.

Actually, it's a calendar not a diagonal calendar since the strikes are the same. A calendar is a relatively cheap way to hedge a stock position, but it hedges you only within a certain range around the 96 strike. If the market falls through it then a calendar would have a loss as would your...

Exactly, unless you already own the stock.

Yes, a bull put spread would have a margin requirement, but it would be pretty much equal to the debit you pay on the call spread. That is, if you pay 360 for a call spread then you'd most likely be able to sell a put spread at 140 or thereabouts, hence your margin requirement is 500-140=360...

OK, if they sweep free cash then that works, but if they don't then it's not insured.

No broker would offer SIPC protection on FX accounts, SIPC doesn't cover it. In addition, spot FX is an OTC market, which means that even the account segregation (as in futures) doesn't apply.

Yes, normal commissions apply. If you think about it, does it make sense to you that a broker would not charge you for a trade (remember that the platform doesn't know it's an adjustment). Following this logic you could adjust yourself out of a position for free. As to why papermoney doesn't...

A trade is a trade. If you make a trade then you pay commissions.

I used the word "respect" in the context of the thread title "most respected and reliable forex broker" not in the context of getting respect from other people or dogs :) No, I never tried getting filled on 10 contracts at 3am, as I'm usually asleep then.

What do you mean it wouldn't work if you want to be more precise? By the way, 250 shares is pretty precise based on TOS, well 240 is more precise if you take into account premarket price of GOOG. In any case, delta neutrality is not a static thing. At yesterday's close it was 250 shares, now...

I agree with enochbenjamin and el pollo. If you want respect and reliability then trade CME FX futures and forget about spot FX.

You need to buy about 250 shares you be delta neutral. I tried in thinkorswim using the ctrl key, but it doesn't let you create a custom "covered" spread, and I don't see any other way of doing it as a single limit order. You could use the "1st triggers All" with the option order as the first...

The spread between the spot and futures is the cost of carry. The cost of carry includes the interest rate less dividends. For the S&P futures, given that the interest rate is effectively zero the dividends cause the cost of carry to be negative and thus the futures trade below the spot. This...

There's no proper or inproper way of setting up collars. It depends on your preference and the current option pricing.

Just to add to what others have already said, this strategy is called a long call vertical spread, aka bull call spread. Given that the calls you are considering are ITM, you may wanna consider selling a put vertical with the same strike prices instead (aka bull put spread). I.e. you would...

1 ES contract gives you 50 deltas (i.e. 1 point move in the S&P 500/ES is equal to $50). So if you have an ATM call with a delta of 0.5 on let's say SPX, then you need 1 ES to hedge it, since 1 point in SPX options is $100. In order to hedge a book, you can use, as suggested beta weighting...

ES is 50 deltas, NQ is 20, TF 100.

Actually, it's not that straight-forward. With stocks you are either right or wrong, a stock goes up or down (or stays flat). Options add several other dimensions such as volatility and time, which essentially means that you can be right on direction, but still lose money due to volatility...

I'm not sure what exactly you want to do and for what purpose, but all option tickers have the same basic structure - the underlying, expiration month and strike.