Search results

  1. rmorse

    Margin Question

    EVERY clearing broker monitors risk to some extent during the day, based on their WSP. This does not go away with large accounts and that is not why firms like IB have a auto-liquidation policy to protect against margin calls. I went over that in the post above. Risk and margin are two different...
  2. rmorse

    Margin Question

    Can you send me an email reminder who that was? You are looking for 8:1 with equities, it won't happen in a customer account in the USA. We don't have auto liquidation to protect against margin calls. The only way I expect you would get auto-liquidated with us, is if you had a risk call and you...
  3. rmorse

    What Happens To Options If An ETF Closes?

    In general, if the equity is not trading, the options don't open. The OCC would send out a bulletin with regard to the settlement procedure. Are you really expecting them to just stop trading?
  4. rmorse

    Rebate trading with Options

    Sure. My name is Robert Morse and I’m with Victor Securities. We are Introducing Brokers to Merrill Lynch Professional, Apex Clearing, ADM Investor Services & INTL FC Stone and provide a variety of solutions for small and medium-sized Hedge Funds, CTAs, Trading Groups and Active Traders. I’ve...
  5. rmorse

    Rebate trading with Options

    I have had clients that do rebate trading with options, but it's not payment for order flow. It's the exchange maker/taker system. Some exchanges in the off names pay as high as an $.85 rebate
  6. rmorse

    Margin Question

    You are looking at reg-t not pm. PM has a different margin requirement that the occ provides. Typical for equities is a shock of 15% which is about 6:1. A clearing broker can offer less but not more. We don't work with online brokers. We offer PM accounts at Apex Clearing and Merrill Lynch...
  7. rmorse

    Margin Question

    They don't. The highest I've heard of from banks in the UK is 10:1 and that is using derivatives. That is only for hedged long/short portfolios from a fund with a large balance sheets. Prop firms can give excess leverage during the day because of their JBO relationship with their Clearing...
  8. rmorse

    Margin Question

    Portfolio margin accounts offer up to 6.6:1 for equities and more for broad based indexes. That is the max but most clearing brokers have certain restrictions to lower risk.
  9. rmorse

    Trading Platform Suggestion

    This is going to be very difficult to implement with online Brokers. You need a broker neutral platform that is certified with all of your online brokers and that will allow access to the trading routes, all at the same time. Then you need the platform to upload your morning positions and...
  10. rmorse

    "Dow To Decline -80% In 2016"

    So what trades have you put in place to profit from that?
  11. rmorse

    AAPL earnings

    I traded AAPL from summer of 1985 until early 2010 as an option MM on the AMEX. "Predicting" what has happened and what they will say is very difficult.
  12. rmorse

    Newbie Trying to Buy Some Shorts for Crude Oil

    Symbology for futures are different than stocks. http://www.cmegroup.com/trading/energy/crude-oil/light-sweet-crude_quotes_globex_options.html
  13. rmorse

    Newbie Trying to Buy Some Shorts for Crude Oil

    If you have never traded futures, this might not be the best idea, but you can view the option chain on your platform when enabled or on the CME website.
  14. rmorse

    Newbie Trying to Buy Some Shorts for Crude Oil

    Options on futures.I would avoid USO as it is not a great tracking symbol. Keep in mind that if you trade options on WTI, the contract size is 1000 not 100 like stocks. And, you never want to hold an option into expiration.
  15. rmorse

    Slippage

    With any automated option trading system, keep count of your orders entered and your ratio of executed options vs contracts entered. On all US option exchanges, if you enter 390 orders or more per day on average, you will have to file as professional customer which will have you lose your...
  16. rmorse

    premiums cost?

    If you buy 1 option at $5.00 and the multiplier is 100, your broker will take $500 out of your account to pay for the options, plus fees.
  17. rmorse

    premiums cost?

    The option markets are exchanges that your broker provides access to. You should see the same prices on each trading platform. By the way, when you get to options on futures, the multiplier is not always 100. Crude options are for 1000 barrels, so the multiplier is 1000.
  18. rmorse

    premiums cost?

    If an option is offered at 5.00, and you buy it there, the cost will be the price*100, if it is a standard option, or $500 for 1 contract.
  19. rmorse

    premiums cost?

    BID/ASK are the current prices.
  20. rmorse

    Updated Prop Firms for 2016

    You received a few responses after I went to sleep, but I still want to respond. There are endless combinations that you can ask about. Just focus on this: -All registered broker dealers with the SEC must be members of SIPC. That just means they pay dues. Victor Securities pays dues, but we...
Back
Top