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Yes, if you're going to be exercised or assigned into a position, you either close out the option entirely, or alternatively open the opposite position before hand so that it'll be closed out instead. SPAN is smart enough to handle this case - although I'm not certain if it's smart enough to cut...

Easily solvable by just offsetting the futures position before expiration - it'll all net out to 0. Common trick with any option if they go DITM enough that the spread costs more to cross. Yep, literally everyone hates this about IB. IMO this is a massive hack solution for solving the pin risk...

Think he said it was a mistake. Only real slippage issue is PL and that's a known problem anyway:

Markets frustrate a lot of people these days and it's entirely possible the issue you're facing right now is not necessarily not knowing how to trade but instead not choosing the right instruments or the number 1 killer: impatience. I don't know what fx pairs you're trading (you should let us...

Yeah, use the TWS "standalone" version which doesn't do auto-updates. Just be aware that all of the different versions are simply pivoting off different bundles of Java code essentially. There is basically beta, latest, stable, and standalone where the latter is basically a stable version that...

If you're interested in getting your feet wet you should stick to SPY right now due to the relative size compared to SPX and ES. If you're profitable or actually have an edge somehow then IMO skip SPX and simply trade ES options as they're easier to hedge and trade nearly 23 hours/day...

I seem to remember Belgium has been on the warpath of the last few years making trading quite difficult for people.

Tons of traders all throughout the US have been freely trading US futures exchange based options for years and years now. In fact I just traded some ES FOP spreads a couple of hours ago. Your information is simply wrong on this. What you're thinking about is the prohibition on foreign cash...

This is specifically for international futures exchanges. US residents can still clearly trade FOPs on any CFTC approved US futures exchange. Think about it, did you see JY, GC, SI, ES, etc on that list? No - because it's about intl only.

Pretty sure this is totally false. Got a source?

Where are you guys getting refinery explosion? It was a pipeline.

3 ticks slippage in ES is way too high. Use a stop limit with a 4-8 tick payup so that your stop is sitting on the exchange. Stop market orders are not native orders on CME. That being said though I'd still expect your stop market orders to be sitting on tradestation's servers and at most 1 tick...

My profit target got hit on a dec RB:HO ICS long I had on for weeks. Later when I went and looked at it on a tick chart I found out that I was 1 of 2 lots filled at the dead nuts top of the move. Rarely ever happens.

I believe the SEC has a rule that non-institutionals cannot trade options on foreign indexes. To tell you the truth though I'm not sure if this applies to options on index futures although I wouldn't be surprised if it does.

By running that 3 tick stop enough times that your risk/reward ratio results in negative expectancy. The strategy would be successful if you're accurate enough trading with momentum and/or pullbacks etc by you've surely got to be trading with the algos rather than against them here. You should...

I also contacted IB on this and they admitted it was their problem. @ids Why aren't you guys validating these changes ahead of time? This is potentially money affecting stuff here and not just cosmetic for people.

NQ,TF vs ES rel-value fly: ES vs TF rel-value spread:

Cash settled accounts are not beholden to PDT - however they are beholden to the T+x settlement rules which ties up the cash. Most people use margin accounts as they're easier - but then comes PDT. Most traders avoid all of this and trade futures.

Funny we already had this same discussion a while back but the general vibe then was that it was also some Wall Street driven rip-off scheme rather than something beneficial to the public...

Here's what IB has to say about the screwed up margining of the further out M and Z WTI and Brent spreads (cc @cdcaveman): So don't even consider IB if you want to trade 2 years out.