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Sorry, I thought you were looking for help on the options for VIX.

Liquidity is based on the number of market makers that follow that options, the amount of customer orders on the books and how easy it is to hedge. OI is not a factor.

IMO, this is placing an unreasonable expectation on yourself. Your goal should not be to become rich with $5K in 2 years, but to become consistently profitable so you can grow a business around trading.

I would say no to this one.

I don't know those details. My best guess is they started with less than $50K then moved to Florida when they retired in their late 30s when the business got harder with less edge.

I'm not familiar with IBs API. Do they use the OCC OSI format? If they do, it would make sense to follow that. That way you will avoid issue in the future. It is a total of 21 characters. 6 for symbol, 6 for date, 1 for P/C, and 8 for the strike...

Yes, I know a few. They made most of their money in equity options before 2001. After that, the market became to fragmented and you needed more capital to make a lot of money. I also knew a few futures/options floor traders that also did brokerage. Same time frame. They did very well back then.

That is true but very few brokers are set up for this. It means they have to have a trading platform, route to the CBOE and a clearing firm that is willing to have staff available for this. In the futures world, they have to have this. Most brokers don't have this access and may not for some time.

We do business with a division of ConvergEx called LiquidPoint. They benefit as a company from a healthy market and growing volumes. This all makes sense to me.

Yes. This was the email they sent out: Since being appointed to the Securities and Exchange Commission's Equity Market Structure Advisory Committee, I have been an advocate for a new order priority for markets that grants priority to customer orders. I firmly believe that the time is right for...

http://www.ft.com/cms/s/0/4e1d475a-5223-11e5-8642-453585f2cfcd.html#axzz3l9UmSdze?utm_source=Eric+Noll+-+FT+Email&utm_campaign=enollFTimes&utm_medium=email

I would stick with futures from what you are telling me.

In the USA, I'm not sure where you live, all futures and cash settled index options are treated to 60% cap gains and 40% short term gains. We have different tax rates here. It's not clear to me that trading expenses are higher for ETFs over futures. Too many variables. The difficulty of...

Don't forget about the better tax treatment for futures over ETFs.

What that graph will not display are the wide illiquid markets that existed for a few days last week. The more margin calls rolled in the buy puts to close, the harder it was to trade.

I sent you a PM. Bob

We try to allow private industry and capitalism to work first. It does not always work but I have never seem the government do any thing efficiently.

To add to revenues and provide services to those with lower incomes that the banks don't want to provide services to.

You have to close. You can keep both a long and short position on the same option. Why does this bother you?

You confused me. "I short sell a stock at 47". If it goes to 46.50, should I assume you meant that you want to buy it back? You typed sell. if you buy it back, you have no position. Don't worry about that the broker has to do, they will take care of the offset.