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Keep in mind that your deposit and relationship will last 1 year after your deposit.

mikitowers - CBOE Silexx has a C# API and you can send options spread orders.

The SRM also provides an estimate of margin and risk. In general, it is for PMA, but can be requested for REG-T accounts.

Hi Dustin, Lightspeed Trader uses the Mid point until the close then reverts to last sale. I can't explain why but I think it has to do with our old clearing broker. Your equity and clearing sheets will still use the correct mid point. We have a risk tool available by request on the portal that...

We offer Limited Margin IRAs using Lightspeed Trader. No leverage, No shorting and you do not have to wait for day trades to settle. You would have to qualify. If you meet the criteria for Day Trading Margin account in general, that is the hurdle. No, I can't post that requirement.

IMO, you have chosen that stock to rise more than another, selling that call will limit your gains when you are right. Then if you go back to your 50% success rate, that only works if your gains exceed your losses. By selling that call, you are limiting your gains. IMO, when trading, you either...

In the end, it does not matter what you call it. I guess if I had to put a name on it I would call it a long calendar straddle.

I can't guess.

Feel free to email or call me directly to discuss our services. My contact info is below.

It does not get "taken out". It means if none of the assumptions to the model change, that is the expected decay in value over the course of the day with the stock at the same price. The Greeks are estimates, not hard values. As IVol and the stock change in price, some of the price change is not...

Market Maker scan orders for an edge vs their values. They found enough profit in the order to trade with you. Your process to find liquidity is what I would do too.

You would have to ask them. My guess is with VIRTU or Citadel.

They do not offer that. We have a list you can choose from. https://www.lightspeed.com/pricing/routing-fees/

This breaks down to a buy write (100 shares-1 ABC 15 call) and a credit spread 1 time. The margin on the Buy Write is not $0 and the margin of the credit spread is max loss.

I know what you are asking. As we have also emailed each other, let's move the conversation to email.

I'm not a programmer. With regard to "strategies vs custom", you will most likely want to use the one that creates a spread order sent to the complex order book vs one that sends out two independent orders.

What is an example of a custom operation?

Our "SMART" route is not an algo that changes exchanges. I'd prefer to describe the way I expect these work over the phone or in a direct email.

Again, not my expertise but I expect that is one order#, so one order count. On a side note those directed orders re-routed to another option exchange can get expensive. Many times the initial exchange charges a fee to do that and many times liquidity is on an exchange that charges for taking...

LM3886 - I do not claim to be an expert on this. I only read the text like you. We have a system for monitor high volume option clients and I provide a weekly report to help them stay within the monthly limit. As we have a option smart route to avoid most maker/taker fees, no one wants to lose...