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Sorry, but we are not registered in Canada and your regulators require that. This is the only country that I'm aware of that does require this. Bob

You might be referring to dividend plays. X-div the next day, buy or sell a DITM vertical call spread where the options have a large open interest. Exercise the long call, so you have a buy-write with what you don't assigned. You need very low commission rates and it helps to be a market maker...

No clue, never asked and they might not tell me. That is one choice.

I'm not aware of any outside Flex options.

Maybe you can call or email me and explain this one. We have many clients that trade SPX and VIX. How does delivery method make All, as far as I know. Not sure why he thinks we are bad for that. We have many SPX/VIX traders and no one offer OCC TIMS without added risk, the OCC does not allow...

There is nothing wrong with day trading with short intervals. This is very common.

The OCC and FINRA review clearing firm's procedures and their books and records to make sure they follow them . I can't speculate on illegal activity. This may not be the latest notice regarding this. https://www.finra.org/sites/default/files/NoticeDocument/p124062.pdf

Sorry, but no. Since you did not say, I'm going to assume equity options vs options on futures. After you do a trade and it clears, the OCC is your counter-party, not the other trader that took the other side of the trade. And, all the options at your clearing firm are lumped together at the...

Why would the size of the trade matter?

Just day-trading. You need an account of $25,000 or more. Bob

I recorded the SPY option skew on LVX. I want to post this in this thread: Bob

Your money is kept in a segregated account apart from your FCM. http://www.cftc.gov/IndustryOversight/Intermediaries/FCMs/fcmsegregationfunds

We use SPAN margin

SPAN margin initial margin for ES is $5500 and Maintenance margin is $5000. Options should vary but should never be more than the future.

Not true of course.

Interesting that it is more than a future. Is this an IRA?

Yes but that is just being an FCM doing business with the public. I guess it is not incorrect to call them an FCM and a Broker.

What holdings would that be that they can convert? I have nothing good or bad to say about Dorman. We don't do business with them. My only comment I made was that vs other FCMs, they are on the small side based on Net Capital. Most smaller FCMs prefer Day-traders becasue the overnight...

Wedbush is an FCM with >$160mm in net capital as of end of January 2017 that also has a securities business. Lightspeed Trading is a broker that introduces business to Wedbush. http://www.cftc.gov/idc/groups/public/@financialdataforfcms/documents/file/fcmdata0117.pdf

As a broker they have a lot of capital. As an FCM, they are small. Take from that what you will.