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Kang, You have to file a complaint with their regulator if they were a US BD. Look at your contract and read the arbitration provision. Who is TT?

The likely reason why this only goes out to May 2016 is because it is below $5, so it will it might get de-listed as an option.

JefeTrader, Prop Firms that are broker dealers are not offered SIPC protection. The prop firms that are not registered BDs, have their own potential issues. Either way, that account would not have direct SIPC insurance. He would have to open his own customer account.

That is a long calander. If the stock has a big move, you will lose money. And, it possible that trade might be long vega even though the front month will drop more that the back. If you get a moderate move and the back month comes in too much, you won't make money either. To make money on...

Then I don't know of a strategy where you can materially place your risk on the change in vol and not be subject to the risk of the movement of the underlying.

WTS was not a US registered Broker Dealer?

Like before/after earnings?

Kang, Did you ever file a complaint with their SRO and take them to arbitration? If you lost that much money, you should not wait. Bob

Using VIX futures and/or options might be your best bet. Bob

I only traded equity options. I mostly trade AAPL and some others at the same post as they got busy.

You did not specify what asset class you trade. For equities and options, we offer Sterling TRader and Silexx OEMS which both offer an API. For futures/options, there are many choices to choose from. Email me a description of your business and your contact information and I'll follow up with...

Not familiar with that one.

When I was on the Amex, the option was next to me, but I did not trade it. Too little volume.

http://law.justia.com/cases/federal/district-courts/FSupp/875/1410/1395131/

The spread on it's own has limited risk. Hedging it might overwhelm your edge. I think the best way to mitigate risk on an iron condor is to only enter the trade when you have the expectation of not having to cover and reduce your size. Pick your strikes carefully and enter the trade at a fair...

I just looked at the call/put Ivol. It must be a hard to borrow stock as it looks like the puts trade a a premium to the calls. Married put might not be better. You will have trouble exiting this trade too if you buy the call. Good luck.

If you REALLY want to add this position, and you have a PM account, the April 30 puts being OTM, has a tighter spread. You could enter a married put spread (Common+Put) into the complex order book. You might get a better execution with similar margin and profit potential.

Why would you want to trade an illiquid option like that. The cost of entry and exit is way too much. Not worth it.

Click on the hidden link for EOD prices. o_O

I did not even know what Wellington was!