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You want to short a stock. 1st, your account needs to be eligible to sell short. If it is, you enter an order to sell short. The platform will check the easy to borrow list, to make sure you can get a "locate," and that you have the margin available for the risk of the trade. If that is OK, the...

No, they are leveraged products. You can play with small positions vs your capital.

A lot of this would be better over the phone. #1: We offer Silexx OEMS: http://www.silexx.com/ This will enable you to execute and view risk over many accounts. We use it for equities and options. #3- We have a contract with Nirvana Solutions. The basic reporting is free and an upgrade is...

It is really very simple. Each Broker Dealer has in place their Written Supervisory Procedures (WSP) that has to be approved by their regulator. They layout in their WSP what procedures they have in place that responds to each of the regulators rules and regulations that apply to them. Most of...

https://www.sec.gov/rules/sro/occ/2013/34-69772.pdf

These options were created before option expiration was moved the Friday.

ellevers, Then there are also the regulatory fees. They currently run around $0.0947/contract not including the Sec 31 fee on sales. FSU is very familiar with these fees. He was sharing his cost structure as the only risk to the trade. Unfortunately the expectancy of making money on the index...

Correct, all equity and index options now expire on Fridays except EOM and quarterly options. Also, VIX is on Wednesday.

"objective financial news" might be beyond reach as every channel needs to point out issues to excess to get you to watch. I do find CNBC is entertaining and feel by watching I have a better sense of what's happening.

Not that I know of. I think the ES/SPX/SPY vehicle for trading and hedging has become the standard. QQQ options are very liquid and multiple listed but a different tax rate.

Correct, all the liquidity is in ES. Even NDX on the CBOE does not trade much.

For just trading ES vs SPX, I prefer SPX. You have to trade twice as many ES options vs SPX and I think, in my opinion, there are more "customer" orders in SPX than ES. I can't verify that, but when you compare ES volume to SPX volume, given that SPX is 100X and ES is 50X, SPX volume is higher.

Wow, I'm not sure even if I had more details that I would know what happened. I can tell you that the orders you route to some exchanges, because of Reg NMS and best execution rules, might get re-routed. EG. NBBO is 4.00/4.10. I go to the CBOE and bid $4.10 for 100. However, the CBOE is only...

The broker neutral trading platforms have their own data centers. For automated traders, they can use whomever they want. Activ Financial was been one we have dealt with.

I've been in the business since 1981. Many women around me were treated with little respect by the other traders. I can't tell you why they felt that was OK, it's not. I have never noticed a female client treated that way. That's a new one.

Yes. And for lying to me.

Sorry, I don't have blanket responses to trading questions that will not depend on current market conditions or will be the "best" answer that fits every trader. In fact, I was never a naked option seller or credit spread seller. I made markets to current market conditions, current prices and...

Samuel11, I was not attacking you. I was posing a general question.

Yes, markets are often mispriced. But how do you know before hand which side to take to make money consistantly?

These are not an either or to me. I would sell an otm put spread if I felt the stock won't go down. To make money buying the call spread, you need the stock to go up. You ofcourse can do both if your bullish. It changes the dynamic of each spread if you hedge the deltas with stock.