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I sent you a PM. Bob

I don't think there is a regulatory rule against dual registration. Both firms would have to agree and feel there is no conflict of interest. More importantly, both firms would have to include in the WSP how to monitor an individual that has dual registration. In practice, most WSPs say no...

We offer Silexx Obsidian that has that feature. We can clear through ML Pro or Penson. http://www.silexx.com/obsidian/feature_list Bob

Many of these assets are highly correlated. It looks like at portfolio for someone looking for risk that might have higher returns during a time of a bull market. How will she handle the months where she is down 5%? 10%? Anything more than 20% - 25% in equities sounds too risky for most people...

It depends upon what broker you go to as to how you're charge for shorts, but it has nothing to do with profits and losses. Some retail firms, charge to short stock on all short securities. Some only charge for the hard to borrows. You're charged based on the credit balance for the right to...

You asked what the perfect shop would be to me. You asked the question. I'm interested in the tradition set up where a firm hires traders, pays them based on what they make. Or, I'd look to a Fund of Funds to get an allocation of capital as a Portfolio Manager. I'm also not talking at $50K. This...

I traded my own money for a long time. So the situation I would look for would be for the firm to pass on their costs to me, their capital and a split between 35% and 50% depending on the level of assets I would have allocated to me. As for a draw, I would rather have a higher split, and...

You do sound burned out. I'm not sure what your finances are like, but you need to go somewhere, where you don't code, don't follow the market, just clear your mind and have fun. Come back, and try again. This can happen to anyone. Take a break....relax.

You'll need a platform that will show current live orders and allow you to filter for what you want to see. They only platform I know of that does that is WEX. It's a professional broker neutral platform owned by Wolverine Trading.

What kind of volumes do you do. What else do you need. Most of our platforms give access to the complex order books. Send me an e-mail if you like. Bob

I said "see" because it's very difficult to watch the COB for good trades, because what you see is of marginal value to a delta neutral trading strategy that scans for "value." So, firms that have the capability, electronically scan the COB for value and when their electronic eye see value they...

That's not my understanding. Can you provide me with a link to a service that offers direct excess SIPC? Have you ever done it yourself?

Just so you understand, you don't buy the extra insurance, the brokerage firm does. It does not cover your account directly, it covers the accounts in general.

The ISE and CBOE Complex Order Books are the most active. The PHLX COB is becoming more active. Unless your trading an option that do a lot of volume on PHLX and AMEX like RUT, I would stick with ISE and CBOE. Also, on spreads, I would never send market orders. Remember, the complex order is...

Try only end of day, near the close. I'm assuming we are talking about small adjustments. If it's a large position, consider a vwap order from 3:30 - 3:59, so your not trading at the close. You can get large MOC orders with odd pricing. You will have to be comfortable with the risk of not...

AAPL vol looks close enough to me. It's hard to get an accurate IV on an option like that with 2 days to go. I would look to bet on earnings rather than movement over two days. If Turkeyneck feels the vol is too high, sell some if it fits your risk/reward. In my experiance, selling options...

If you want to be neutral, stay dollar neutral. Every dollar not hedge for the next day, creates a theoretical long or short position unhedged.

If it were a stock trading at $42.80, would you think the 43 strike call was expensive at $0.21?

I'm not sure what they're talking about. Each option exchange in the US, if you route your order to them through direct market access (DMA) has to either fill your order or show it, even 1 lots. When I was a market maker on the amex we had to show 10 up markets. That was a long time ago. Now, MM...

I agree. Even though SIPC is only meant to be a back stop to offer a basic safety to provide confidence to the system, I think $1MM would be a better target. SIPC could easily accomplish this. For many years SIPC has been well funded, so dues to SIPC members has been kept very low.