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It would be based on their strategy, risk tolerance and trading style. No set rule.

Yes. Either way, I think NASDAQ no longer has non-pro rates. To qualify as non-pro for the other exchanges, the account must be in your name, not an entity, and you can't be a member of a broker dealer, RIA, CTA etc....

Thank you blackstormcap. WhiteOut56, you're correct that we only offer Customer Portfolio Margin accounts to "Institutional" clients (Must be an entity..LLC, LP etc), for Equity/Option trading. Also, we are not a prop firm, so all our clients must be apply to fund their own account. Bob

Esignal can do this.

Newsedge is a news accumulator. You can read everything, or filter for stock symbols, code words like "rumor', etc. The platform is not cheap, but worth it. Send me your contact information and I'll send you my contact there. Assume it will cost $250-$350/month. I believe they offer a free trial...

Repricing of options is a fluid process. They can change even if the security does not move. In general every move of .02 you might see option change price or size of the bid/ask.

Be more concerned with the character of the firm your getting into business with.

To avoid pin risk, you need to buy back any option you're short, that is very close to the strike where the stock might close. That removes uncertainty. You can choose on long strikes what you want to do.

A lot of misinformation here. Any allocator including Family Offices and Fund of Funds, has set aside a big or a small part of their portfolio toward a portfolio manager to take positions in equities or options or futures or all of the above. If they set no allocation, they would not interview...

No, it will not get to near $5 until 4pm on expiration. If you leave it on to expiration, and your lucky enough to have the stock pin at the middle strike, you will have a lot of pin risk for Monday morning. It's unreasonable to ever expect any spread to go to max profit. You should have some...

They tend to do more due diligence than other allocators. So, a longer track record with audited returns. They also tend to be very conservative. They look for consistent returns, with small draw downs. They would rather receive an 8% yearly return with 1 down month that is small, than a 20%...

FX data is difficult to find. What are you looking for? If it's counter party risk totals......good luck. FX is still the wild wild west like the OTC market back int he 70's. Try contacting the NFA and ask directly. I believe all US FX licensed dealers must be NFA members: Chicago...

The market makers are seeing edge at your pricing, so their automated systems are matching your price. They stay as wide as they can for as long as they can.

I don't think it matters for this type of trading. If it takes 1/2 a second, you won't notice the difference.

It's nice to look for a firm that has low rates and good platforms. But everyone should be aware of the financial health of their Broker. The metric I like to look at is Adjusted Net Capital and Excess Net Capital. Check out your broker here.

Is your broker increasing your Portfolio Margin requirements often? Are they adding a risk premium over PM requirements that they were not implementing a few months ago? Are they making it more difficult to sell credit spreads or naked puts and calls? I'm getting calls from a few traders that...

You will do better routing your orders in penny increments to the exchange which either has the least size in front of you or where the volume is. You can do both. Sub penny orders are probably routed to a market maker holding your order, not to an exchange. Use DMA not smart routing to add...

Realistically, it's going to be difficult to make money from that. Typically, before earnings or an "event" volatility tends to increase, however the price of the options will likely still decay, just slower, creating the higher vol value. If you want to buy those options and take advantage of...

We offer knight direct and a few other platforms that I believe have that order type. Email me your contact information if you'd like me to give you a call in the morning. Bob

It would have a small positive or neutral Vega, depending on the strikes you choose and skew. Since equity options rarely expand without and up coming event or a down market, this is the best I could do with the question asked.