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  1. Robert Morse

    Worst Case Scenario in Covered Call trading

    I like to keep this simple. The "worst case scenario" for a Covered Call is the stock going to $0.00. Call premiums do not offset most downward slides in stocks. I have posted this before. I'm not a fan of Buy-Writes in general of single stock names. You take the time and effort to pick a...
  2. Robert Morse

    ThinkorSwim Time&Sales

    Ouch. Not the same service.
  3. Robert Morse

    ThinkorSwim Time&Sales

    I'm not sure what you are looking for, but the bottom window is my Lightspeed Time and sales window.
  4. Robert Morse

    beginner question on options exercise

    I recently communicated with this member and was very happy to see they can take our blotter as is for our customers. https://trademetria.com/integrations/lightspeed Lightspeed Financial Services Group LLC. is not affiliated with this service providers. Data, information, and material...
  5. Robert Morse

    Black Friday Sale: Limited time only

    Black Friday Sale Earn unlimited cash back on a 50% commission rebate for your first 3 months when you open an account today. CLICK HERE for more details. Open an account today with a brokerage firm for active traders and earn unlimited cash back on a 50% commission rebate for your first 3...
  6. Robert Morse

    beginner question on options exercise

    The Long "exercises" when the short is "assigned". If you were short the 400 calls for $1, and you were assigned, your break even to buy back the stock is $401. Any purchase above that is a loss.
  7. Robert Morse

    beginner question on options exercise

    Correct. If you sell the stock for $400, you lose the $1 or $100. If you sell the stock for $401, you breakeven.
  8. Robert Morse

    beginner question on options exercise

    I find it easier to understand to look at the price’s vs the $$$. If you buy the 400 call for $1, the breakeven is $401. If you sell that stock at, say 410, that is a 9 point profit. The dollar amount is 9*100, as each option is for 100 shares.
  9. Robert Morse

    beginner question on options exercise

    You are not providing enough information to answer. If you hold that call to expiration and the call is in the money, and you exercise it, your profit comes from where you close the 100 long shares -minus the cost of the options. Anything over 401 is profit. Your profile days "Vendor." What is...
  10. Robert Morse

    Interactive Brokers Margin Requirements for Options Spreads and Restrictive Quantity Limits...

    Is it a call spread? Over 1000 points in the money?
  11. Robert Morse

    Interactive Brokers Margin Requirements for Options Spreads and Restrictive Quantity Limits...

    The detail make a difference. I need to know the month and real prices to enter the order and get a pop up. The December spread is almost worthless. You could never sell the 3000/3100 SPX spread for 40 points. As the spread is worth about $0.05, with SPX about 4514, it makes sense to charge the...
  12. Robert Morse

    Interactive Brokers Margin Requirements for Options Spreads and Restrictive Quantity Limits...

    Can you give me one example of a spread Monday after the market opens, and the credit you expect to receive? I can enter that order on Lightspeed Trader to see the requirement.
  13. Robert Morse

    Interactive Brokers Margin Requirements for Options Spreads and Restrictive Quantity Limits...

    We can offer trading accounts to those based in Ireland. If you want a demo of Lightspeed Trader and our current promotion, just email me.
  14. Robert Morse

    Do margin debit balances and short stock collateral cancel each other out?

    Long Stock + Long Options - Short options are part of the Type 2 Margin account. Short stock is a Type 3 account and does not provide an offset to prevent borrowing funds. If your Type 2 balance exceeds your equity, you are borrowing money.
  15. Robert Morse

    Loaning out stocks I own to the broker (or someone else)...What can go wrong??

    Stock loan department of the clearing broker.
  16. Robert Morse

    Loaning out stocks I own to the broker (or someone else)...What can go wrong??

    I assume when you sign up for the Stock loan program for full paid for securities, they provide a disclose with the risks. Ask for it.
  17. Robert Morse

    How do I place a stop on a futures option overnight?

    Yes, but option markets have narrower spreads during regulars trading hours.
  18. Robert Morse

    How do I place a stop on a futures option overnight?

    UVXY20-If you use a dedicated Future platform at a futures FCM, there is no outside regular trading hours. There is trading from open to close.
  19. Robert Morse

    Nasdaq 100 Index and QQQ

    QQQ is an ETF and has a Net Asset Value (NAV) based on the last sale of the portfolio. It is kept in line with market makers that are able to buy or short the holdings and submit that to Invesco, the ETF manager for the ETF-This is called creation/redemption...
  20. Robert Morse

    FINRA SIE Exam ... need study materials

    I used STC to study for all my exams. The practice exams are key. https://www.stcusa.com/securities/licensing/us/sie/ Lightspeed Financial Services Group LLC. is not affiliated with this service providers. Data, information, and material (“content”) is provided for informational purposes only...
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