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  1. rmorse

    Prop fees

    You should ask them. It should be $6/1000 on the buy side, same on the sell side plus the SEC fee which I believe is now around $15.30/$1mm. Plus, you will have either an ECN debit or credit for taking or adding liquidity.
  2. rmorse

    How to structure trade for inverse indices

    You should look at these trades $ delta neutral, rather than delta neutral. They move in inverse percentages. If they are not adjusted daily to be $ delta neutral, the next day you'll be off and have a higher margin requirement.
  3. rmorse

    How to structure trade for inverse indices

    I might be able to help, e-mail me your contact information and we can talk Tuesday. Bob
  4. rmorse

    Traders Expo NY

    No but the 1st 25 people get hug.
  5. rmorse

    Useful Websites for Active Traders

    http://finviz.com/bubbles/bubbles.ashx?t=full
  6. rmorse

    Traders Expo NY

    I went last year. A lot of retail investors and new traders. A lot of traders new to FX. I asked one of the FX vendors what he felt the average trader would have to open an account, he told me <$10k.
  7. rmorse

    Traders Expo NY

    What is your relationship to the show?
  8. rmorse

    List of Programs/Interfaces that allow for Automated Options Trading?

    If you can't afford a platform like Option City or Actant Exteme, which can automate your strategies, consider using an API to Sterling Trader.
  9. rmorse

    Broadband Problem / Load Balancer

    Is FIOS available at your location? I pay for 25/25 but get over that. I'm very happy with FIOS internet.
  10. rmorse

    IB close different from NYSE

    It's my understanding these transactions are not printed. They are submitted to the ETF administrator from a Broker Dealer. They are not transacted on an exchange.
  11. rmorse

    IB close different from NYSE

    Are you asking for the composite closing price because of automatic option exercise, or because you had a market on close order in the SPY? For options, the composite close appears to be 128.84. If you entered a MOC order, your not entitled to the composite close, but the close on the exchange...
  12. rmorse

    How to find local traders/investors?

    E-mail me your information and I'll follow up next week. I'll need to see a description of your strategy, your Bio, your track record and your current AUM. I'll see if I have a good fit for you with our contacts. No promises. Bob
  13. rmorse

    aggresive covered call trading

    Yes...the same
  14. rmorse

    aggresive covered call trading

    Close enough if the pricing is the same. One will receive dividends, the other will adjust to dividends so the tax rates might be different. Sometimes, when the security is hard to borrow, the puts trade higher, which is better.
  15. rmorse

    ThinkPipes Institutional Trading Platform

    When TD Ameritrade bought TOS and Thinkpipes, they withdrew the platforms as a broker neutral platform. To use it now, you have to clear TD. To my knowledge, TD does not have JBO relationships. So, no prop firms.
  16. rmorse

    aggresive covered call trading

    Yes, their is a better way. The risk reward from a buy write and naked selling the put are the same. So, you can just sell that put, have less commissions, same profit loss. Also, consider do the same strategy on the RUT. They are the same index, except IWM is an ETF, and RUT is a cash index...
  17. rmorse

    Wex Vs Redi

    For Pairs trading I like Knight Direct. WEX is also more expensive. I think it's worth the premium for an active options trader who can take advantage of the WEX functionality that few other platforms have. For pairs trading, Knight Direct uses their stock smart routes, easy to use, great...
  18. rmorse

    Option Question about Delta

    If you were pricing a binary option, how would you calculate the value? You have to calculate the probability of the security being in the money on expiration.
  19. rmorse

    Wex Vs Redi

    For options...WEX. You can see the complex order books and the IVs are more accurate.
  20. rmorse

    Smith And Wesson

    Think bigger: http://www.barrett.net/
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