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  1. Robert Morse

    Option trader tax status

    I have to say that taxes are not my specialty. When I did trade full time, I was very concerned about keeping my home, properly deducting expenses and a profit sharing plan, so the LLC was the way to go. Right now, any trading I do or a CTAs for me, is done in my ROth IRA, so taxes are not an...
  2. Robert Morse

    Enormous charges for data coming?

    This is how the NYSE enforces the fee. NYSE make us provide a list of clients that use an API and NYSE data. If we don't comply, they send us a bill. Bloomberg says they have 325,000 subscribers globally. If 10% use an API, that is 32,500*$9000=$292.5mm/month. Bloomberg is not going to pay that...
  3. Robert Morse

    Non-display fees

    I would like to see the normalized feeds reduced to the old fees. Let them charge extra for raw data. Bob
  4. Robert Morse

    Non-display fees

    This is great. Thank you Joan for sharing. I wish that Bloomberg focused less on how secure their system is and more on how unfair the fees are. We will now have to wait and see how the SEC responds. Normally, this is not quick. I would have like to see comments from listed companies on the NYSE...
  5. Robert Morse

    Non-display fees

    Thank you. Will read them tonight. Let's hope the SEC gets more.
  6. Robert Morse

    How to view account funds in OptionsHouse? Not very clear...

    We show Trade date and Settlement date balances. Not sure why they don't.
  7. Robert Morse

    Options prop firm, EU/remote

    Got it. BTW, no US BD can offer a PM account under $100,000 USD. Our minimum is higher.
  8. Robert Morse

    Options prop firm, EU/remote

    Wh When you say 20x leverage for equity options, I'm not sure that that looks like. Are you looking for 1/20 of Reg-t margin or the ability to buy options with 20x the premium of your deposit? Does anyone do that for options? Also, when you request minimal fees, option exchanges charge...
  9. Robert Morse

    Covered Calls During Rising Markets

    I would think that max profit is not an issue. You can close or roll. The better question is what do you do in a falling market with a portfolio of buy-writes?
  10. Robert Morse

    Vertical options margin / expiration

    If you have options ITM at expiration and don;t want the stock position the next day or don't have funds for that, you should do the following before the options expire: Roll the position to another date (Close old, open new) Close the position If you do this, you can use 90% of your account...
  11. Robert Morse

    Enormous charges for data coming?

    I don't think it starts until September.
  12. Robert Morse

    How to Get a Real-Time feed of VIX for free or Paypal?

    What broker do you use? On Sterling trader, we can enable what ever you want. https://www.sterlingtradingtech.com/products-and-services/platform-features/market-data/ On LVX, we don't charge non-pros market data at IB. https://www.lightspeed.com/trading-platforms/livevol-x/ Bob
  13. Robert Morse

    Enormous charges for data coming?

    I'll email you directly.
  14. Robert Morse

    Enormous charges for data coming?

    What software?
  15. Robert Morse

    Enormous charges for data coming?

    Zzzz1, You tend to make conclusions from my statements that I do not say, so I'm just going to refer you to the attached document. This is NYSE Market data policy that they are trying very hard to enforce. This was not our call and we fought them very hard for months. Non-Display Use...
  16. Robert Morse

    Enormous charges for data coming?

    Could not be more confusing. That list does not even break down Raw from Normalized data.
  17. Robert Morse

    Enormous charges for data coming?

    Many of our Gateway and API clients have chosen to focus on just NASDAQ which is reasonable vs the NYSE.
  18. Robert Morse

    Enormous charges for data coming?

    We were audited by the NYSE so had to comply. Others will have to also. Just a matter of time.
  19. Robert Morse

    Information about Cancellation Fee

    I'm not aware of any cancellation fees for equities. Each option exchange has their own policy on charging for cancellation fees and each broker has their own policy to charging the accounts that have an excessive ratio of cancels to executions. It is not calculated by the option exchange for...
  20. Robert Morse

    Enormous charges for data coming?

    That is what the NYSE, Nasdaq and OPRA want.
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