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  1. Robert Morse

    Futures Spreads Vs. Options Spreads

    If you avoid VIX, there is no correlation as far as I can tell with those spreads and option premium selling strategies. Speaking in general terms.
  2. Robert Morse

    Futures Spreads Vs. Options Spreads

    When you say futures spreads, are you referring to option spreads or futures time spreads.
  3. Robert Morse

    Insufficient margin to exercise ITM options - what happens?

    If you got a margin call the next trading day, could you meet it?
  4. Robert Morse

    Futures Spreads Vs. Options Spreads

    Low correlation means that they don't move together. Not a good hedge. Negative correlation means they tend to move in opposite directions. A good hedge.
  5. Robert Morse

    Futures Spreads Vs. Options Spreads

    Low or negatively correlated?
  6. Robert Morse

    Pro Firms Specializing in Options

    In a JBO, they are no retail accounts. They are one firm with sub account to monitor P/L with no SIPC and higher option exchange execution costs from being a firm/BD. This is important, because many prop trader feel like customers of their BD, but they are not. You are not their customer you are...
  7. Robert Morse

    What happened to WTS?

    FINRA Broker Check: WTS PROPRIETARY TRADING GROUP LLC CRD#: 148117 SEC#: 67986 Previously Registered Brokerage Firm Currently Not Registered General Information Established in Delaware since 07/09/2008 Direct Owners and Executive Officers WTS PTG HOLDINGS, LLC-OWNER CLARK, CHESTER EDMOND...
  8. Robert Morse

    IRS Trader Status

    I don't see that in the tax code. https://www.irs.gov/taxtopics/tc429.html. To claim MTM, you must qualify under this definition of a trader. Traders Special rules apply if you are a trader in securities, in the business of buying and selling securities for your own account. The law considers...
  9. Robert Morse

    What happened to WTS?

    At Lightspeed, we have noticed a recent influx of accounts from China from traders that used to be at prop firms.
  10. Robert Morse

    Dorman/Rithmic Issue

    Sounds like a mistake that will be rectified.
  11. Robert Morse

    Pro Firms Specializing in Options

    Yes, we read that too. If we rule out the MM firms, as MAV knows, most JBO prop firms are set up for day-trading equities and don't offer options. If they offer options it will likely be low risk strategies with limited margin use over night. IMO, those that can't fund an account and get DT, and...
  12. Robert Morse

    Pro Firms Specializing in Options

    Group one is a tradition prop firm, not a JBO. They hire and train market makers.
  13. Robert Morse

    Can a CPO also be a Third Party System Developer?

    Why do they have to be the same entity? Are you going to share the income with your investors? By the way, the CPO also needs to be SEC registered, unless except.
  14. Robert Morse

    Streaming quotes provider via API for US equities.

    I sent you a PM. https://www.lightspeed.com/trading-api/ https://www.sterlingtrader.com/products-and-services/platform-features/sterling-trader-fix-api/
  15. Robert Morse

    SPY alternative with cheaper share price?

    There is an added value to ES vs SPY. if you are an american taxpayer. SPY would be short term rates and ES is a 1256 contract, 60% LTG/40%STG. This can be a big deal when your income rises. You can also get more leverage with ES with a small account. We offer up to 25% of SPAN margin with an...
  16. Robert Morse

    SPY alternative with cheaper share price?

    I have seen no evidence that during normal trading hours that ES leads the SPX cash which represents the basket of stock's actual prices, more than the other way around. Or, that SPY is can be deemed 1st all the time. I'm also not sure how a manual trader can get any value or be harmed when one...
  17. Robert Morse

    SPY alternative with cheaper share price?

    Most traders/investors don't have a futures account.
  18. Robert Morse

    SPY alternative with cheaper share price?

    Near term Weekly options on SPY have very tight spreads. You can buy ITM puts or calls to accomplish your leverage.
  19. Robert Morse

    Lightspeed Trader Demo

    They have to enable the Scanner for you on the demo. Send me an email with who you spoke or how you requested the demo, the demo user name and I'll take care of it in the morning. bob robert.morse@lightspeed.com
  20. Robert Morse

    Looking for the Grey Area Trading peoples Money

    You should contact the firm I suggested in the PM, before you do that. They might know of other exemptions.
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