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So I'll just go with the first one I read where they said "I asked for the manager, who then told me credit unions are unable to perform any ACH transfers at all, and to use a bank." Pasted below the screen at my credit union that allows me to set up ACH transfers. Like I said, not all the...

I don't know what to tell you except to hang up and try again. Maybe preface the situation differently and ask "I would like to make an ACH transfer to a company. I have their routing number and account number as well as their address", in case the person you're talking to gets freaked out by...

"At least yours won't" is the key statement there. I've made 2 such ACH transactions in the last week from my personal BofA account to a business account of a third party company, one of which was in another country! I can tell you from firsthand experience that BofA and PNC are happy to do it...

That's a limitation of your bank then. Given a routing and account number, which is provided there, any bank is capable of making an ACH deposit. Your bank my just not offer that service or not offer it on your account type. I run a business which makes thousands of ACH payments every month so I...

I actually only had that problem with COB orders like a 10 contact spread. TDA was one of the places I encountered it, as well as IB as well as OptionsXpress now Schwab.

SPX and ES options are going to give you the same results, the only differences are second order like what you mentioned and cash settle for SPX if you plan to hold to settle. I also think SPX is considered in PM but I know ES isn't since they are futures. I almost exclusively work with SPX but...

You can get a lower margin rate at literally any broker in the country using SPX box spreads, no need to stay with IB for that. https://www.elitetrader.com/et/threads/cheaper-financing-than-ibs-margin-rates.341064/

First off, Schwab, TDA, or E*TRADE are no more made for professionals than IB. I happen to use Dash clearing with Apex but there are quite a lot of other professional level Introducing Brokers, some of whom like @Robert Morse are active here. No reason to ever use any of the retail brokers...

You can't claim QBI on "capital gains and losses, certain dividends, and interest income" according to the IRS. So it would be pretty hard to engineer anything that would qualify. Plus you've got limits based on payroll, and at the point you're paying yourself just to get around that, the FICA...

https://www.elitetrader.com/et/threads/cheaper-financing-than-ibs-margin-rates.341064/

If you're worried about this you can buy treasuries held in your name, not street name, and then most brokers will allow you to trade off that with a small haircut. If the broker goes under, the treasuries have to be returned directly to you and are not subject to the bankruptcy process, so...

A second order interesting observation is that index volatility skews are generally steeper than those for the single stocks in that index.

The question is what you gain by doing this? There's no tax benefit, an LLC is disregarded for tax purposes so gains in an LLC are the same as gains in your personal account for your personal tax purposes. And you can't take advantage of QBI on any gains earned from trading.

There are dozens of reasons to stay away from IB, this is just the latest!

They have this naive "if we build them they will come" mentality at the exchanges on these new products and predictably the vast majority of them fall flat on their face. If you don't have market makers, you don't have a market and you really need to ensure you have both a robust supply and...

Keep in mind you have to file an FBAR and IRS 8938 at a minimum every year, and generally there are transfer pricing issues you need to take care of as well as a bunch of new requirements under the TCJA. You need to plan on spending $10-20k at a minimum to set everything up and potentially that...

For the SPX part of your question, keep in mind SPX options are cash settled and ES FOP settle into the future. Which doesn't matter if you don't plan to hold into the last day or two before expiration. But if you do you'll need the full amount to buy the underlying in your account with ES FOPs...

Looks like its 43 days to Republicans caring about deficits again......

I don't disagree with much of the first half of your post. As far as a the second point, you'll probably fid it interesting to learn that it is definitely possible to be an exporter without really having to resort to depending on using your own currency. There's a whole industry built up around...

GUT? As in the Gabelli Utility Trust? Not sure why a security as stable as that would cost that much to short? In general if the stock has options you're much better off doing the synthetic using options. That way you'll get 100% of the short cost instead of giving half to IB for nothing, you...