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If you are asking about long/short options dollar offsets, that is standard. If you are asking about getting paid for option credit balances, that is not standard.

That is not what I said. Long and short options offset.

Correct. The net of $1mm in options is fully paid for with your cash. On a side note, options are not marginable. So if your net buy $1.1mm in option, you will get a margin call for the $100K.

In the background, there are three main account types. Type 1- Cash, Type 2-Margin, Type 3- Short. The Type 2 account is for Long Stock, Long Options and Short options. The Type 3 account is for Short stock. Type 2 and type 3 do not offset each other. The cash balance in type 3 is not your...

I'm glad you are asking these questions, but it is in your best interest to understand this BEFORE entering the trade. If they are ITM, and if your short put is assigned, yes you will be long stock.

Not in a public forum. You would have to email me - my email below, give me your name. Then I'd be happy to. Are you look to form a fund?

We know firms that do this for about $15K to $18K. One also provides Admin services. I would say for an experienced company, that is on the low side. Some charge 2 to 5 times that.

For spot, are you using the cash index or the corresponding future for that expiration

All three day weekends are awesome. I hope you did as well.

It only trades on the CBOE, so that is all you see, Best Bid and best Ask. OPRA does not offer depth.

https://www.forbes.com/advisor/income-tax-calculator/new-york/500000/#:~:text=If%20you%20make%20%24500%2C000%20a,marginal%20tax%20rate%20is%2035%25. You need to pick a state.

I was around professional traders in excess of 25 years on the AMEX. Then in sales, I deal with both Professional Traders and Retail Traders. They all make excuses for why they lost money, should have made more, etc. This is not just a retail thing. It is a human thing. Trading involves fear and...

My pleasure.

I will try and respond based on each question. You use your title that matches your Operating agreement. How you represent your employment is up to you. If trading is my only source of income, I would use the LLC as my employer. Correct, with securities account, any account not open by a...

Some light reading. I would suggest a consultation. As an alternative, I use a Roth IRA for the bulk of my investing and trading. No taxes. https://greentradertax.com/how-to-set-up-a-trading-business-for-optimal-tax-savings/

This is software dependent see if you can enter one sell order for 20 shares when long 10. The order needs to go to the market as two orders, but some software will do that for you. The short-sell order needs to do a regulatory check to see if the security is ETB or if it requires a locate.

Again, you are making this way too complicated. But if you insist, and it is really not necessary, you can create a conditional order to sell short only after you sell long but entering both orders at the same time creates the same result except for the delay from the conditional order. And in...

Parent child orders are not required. If you Buy 10 shares at $100, and want to reverse to 10 short at 110, entry a limit order to sell 10 long and another sell 10 Short at $110. Just that simple.

Why so complicated. Sell 10 long and sell 10 short at your target price.

In my notes, each of the platforms I referred to as 8, said 8+. I assume we have a route on those platforms that can match the exchange number of legs, but I thought just saying 8 was enough.