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  1. rmorse

    Does anyone know in detail how do the Brokers compute PORTFOLIO MARGIN?

    You're correct. And, PM is very new to most online brokers and most customer service agents will not be educated enough to help. Plus, they are restricted as to how they answer questions. You'll NEVER get to talk to the risk manager. In the end, if you trade with leverage, it's your...
  2. rmorse

    Selling deep ITM calls @ parity as alternate to short stock

    Stock trading at 50.00 Call Option Strike 75.00 Parity is 75-50=25.00 If you sell the call for parity, 25.00, there is no time premium. The option will move 1:1 with the stock unless the stock drops a lot.If the stock is that hard to borrow, you might not get to sell for parity, and you...
  3. rmorse

    Does anyone know in detail how do the Brokers compute PORTFOLIO MARGIN?

    The SEC regulation for CPM is $100K. Our minimum is higher. It does not make sense to open an account near $100K and risk conversion to REG-T one morning from a small account draw down. Give me a call and we can discuss it. Bob
  4. rmorse

    options vs warrants?

    And, you can short an option freely, warrants require a locate, often difficult to get so warrants tend to trade above their option equivalent.
  5. rmorse

    Audio/S&P 500 Futures Pit on May 6, 2010/Flash Cr

    <iframe width="560" height="315" src="http://www.youtube.com/embed/5gmpbsZ9H_w" frameborder="0" allowfullscreen></iframe> Spooky!
  6. rmorse

    options vs warrants?

    Are you asking for the difference between the two exchanges, or how to value a warrant vs an option?
  7. rmorse

    What is your avg latency to your broker?

    You might want to consider a platform like Instinet TradeSpeed. The platform and data fees all reside at a co-location server with Instinet, and you connect through Citrix. Your internet connection will only slow down what you see, not your trading. Bob
  8. rmorse

    Any chance a poker player can get a job at a prop shop without a college degree?

    If your looking for a Prop shop without deposit, it will be hard to find one that will hire you without a college degree and no trading experience. If your looking for one where your money is 1st loss, and you pay for training, they should not have an issue with your education. Good...
  9. rmorse

    Good Free pair trading software / website

    Are you looking for software to do research on different pairs, or a platform to execute pairs trading? Please be more specific? Bob
  10. rmorse

    Does anyone know in detail how do the Brokers compute PORTFOLIO MARGIN?

    If you're looking for a general rule of thumb, for equity positions, look at you potential loss from a 15% move up or down, and that will be close to your haircut. Feel free to call me if you like, I'll try to help. Bob
  11. rmorse

    Any charting program similar to eSignal?

    I used Esignal...loved it. No problems, worth the money.
  12. rmorse

    Question on margin requirement at IB

    Try this page to find out what your Reg-T option margin will be: http://www.cboe.com/tradtool/mcalc/default.aspx
  13. rmorse

    Ideal Prop Firm

    Again, I was not recommending that all traders go out and raise $5MM. I'm saying in response to the question, "Ideal Prop Firm", that I believe setting up a prop firm with portfolio margin, rather than a broker dealer, would be faster, less expensive, have lower over head and have no regulatory...
  14. rmorse

    IB's option cancellation fee

    It very obvious that I'm in these threads to help traders when I can with my experience, and promote my firm and our services. You're here to defend Interactive Brokers. The fact is that I don't know ANY other Prime Broker that charges ALL their clients cancellation fees. I don't know of any...
  15. rmorse

    IB's option cancellation fee

    If you're an active trader and have the funds necessary for a portfolio margin account, you can have access to an introducing broker like myself. Bob ----------------------------------- Robert L. Morse Business Development VICTOR SECURITIES 285 Grand...
  16. rmorse

    Do weekly options expire differently?

    Every broker is different. You'll have to call Monday morning if you don't get any communication of an adjustment, or don't see the position change when you log in monday morning.
  17. rmorse

    Do weekly options expire differently?

    Many firms have not adapted to the weeklies. You might see a delay.
  18. rmorse

    Ideal Prop Firm

    The question was how do I set up the ideal prop firm, not if it was advisable. One reason is simple. I'm a very experienced 51 year old trader that has been trading equities and options since I'm 20 years old. I've become risk adverse and set in my ways. I'd rather hire 10, 25 year traders...
  19. rmorse

    any good futures websites?

    Barcharts is nice for free charts and 10min delayed futures prices. http://www.barchart.com/ CFTC provides some nice information http://www.cftc.gov/index.htm Crop reports http://www.nass.usda.gov/ General information: http://www.cmegroup.com/...
  20. rmorse

    Ideal Prop Firm

    I think a minimum of $5MM provides enough equity for at least 10 option traders or 20 or more equity day traders to trade with CPM. Many can trade with a lot less. Bob PS I enjoyed talking with you also. ----------------------------------- Robert L. Morse...
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