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  1. Robert Morse

    I'm a Prophet.

    What is the next one, you got my attention.
  2. Robert Morse

    Is one's margin requirement identical for the same trades bought in 1 transaction vs 2?

    The reason why I ask is that PM and futures margin is only calculated at EOD, while reg-t should be calculated during the day too. It is possible to get a Reg-T call from legging a spread. You have to have the equity necessary when they calculate time and tick, or margin at the time of the...
  3. Robert Morse

    ES Margin Increase

    I would never offer that. I know some smaller FCMs will offer $500 margin on ES for DT, as it is the only way anyone would do buiness with an FCM with under $10mm is capital. I think it is very dangerous.
  4. Robert Morse

    ES Margin Increase

    Funny, I know CTAs that trade up to 4 per $100k but when traders trade for their own account some use 25% of Span which is around 4 per $5k.
  5. Robert Morse

    ES Margin Increase

    I wonder how many days in the last 5 years the front month VIX was over 20?
  6. Robert Morse

    Trading SPY vs S&P Futures

    Why is this so important when you can also buy on the bid and sell on the offer? I think the tax benefit to ES and the inherent leverage for DT with small accounts, would be a better metric to look at. If I only traded the S&P 500, I would focus on the futures. If I wanted to buy or sell SPY as...
  7. Robert Morse

    Surviving super low implied volatility markets (ES/FTSE)

    Yes and no. Look how many times the ATM SPX/ES options when from sub 10 to over 15 in the last few years for short periods of time. Market participants get complacent, then panic. Also, the broad market lack of volatility affects the prices of the individual symbols that can have sector or...
  8. Robert Morse

    Prime Brokerage Account

    You are correct. Wedbush Futures wants their IBs to handle the accounts. This is the same with every FCM that does business with an IB. We service the Realtick accounts directly. The other futures platforms are a combinations of us, the platform support and sometime wedbush. I'm very active in...
  9. Robert Morse

    Surviving super low implied volatility markets (ES/FTSE)

    There will always be markets when some strategies are not worth the risk reward. It is OK to play small or not play at all until the markets revert back to what you need. Bob
  10. Robert Morse

    Prime Brokerage Account

    I spoke to wedbush about this client. There are two sides to this. All I can tell you is that Wedbush would have taken him back with Lightspeed as his broker. He had another broker at that time.
  11. Robert Morse

    Prime Brokerage Account

    You would never talk to their risk department, only ours. I have no idea what your issues were, but as long as you stay within risk and margin, we have few issues that can't get resolved. Would you like to call me to describe what the issue was?
  12. Robert Morse

    Prime Brokerage Account

    Lightspeed provides all services, not Wedbush, except custody, stock loan and clearing. We have very few issues with them.
  13. Robert Morse

    Prime Brokerage Account

    I'd be happy to talk to you this afternoon. We introduce to Merril Lynch Professional and Wedbush. Just email me you contact information and a short description of your needs. We can set up a time to talk this afternoon. Bob
  14. Robert Morse

    Non-display fees

    I just don't think the SEC should have approved the non-display fees without an exemption for the public customer. OPRA has provided an exemption for some customers (After they raised their fee to $2000/month!). I'd like to see the NYSE offer the same...
  15. Robert Morse

    Junior institutional trader - trying to understand the nuances of the desk

    I was a wire clerk back in the day. Took me about a month to have a good understanding of floor lingo, equity options, policies and procedures and feel like I belonged. You learn faster if they are busy and "throw you into the fire," vs a slow, laid back desk where you ar just watching.
  16. Robert Morse

    Day trading, online broker, market order question

    I'm going to send you a private message.
  17. Robert Morse

    How do I manage risk of ITM exercise of SPY options

    1-NO, this is your responsibility. NO matter what anyone tells you, platfrom malfunctions and technology issues are your risk. You can alway call your broker if your technology drops and don't wait for expiration day at 3:59 pm. 2-NO, not that I'm aware of, you have to file an exception. You...
  18. Robert Morse

    Bid/Ask Share Size?

    WE need more than $25K
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