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I met recently with an old friend that works for Fidelity. I asked why they never became an FCM to offer futures. He told me they started the process, but the NFA/CFTC wanted too much personal information about the Johnson Family, so they declined. Funny that they have so much money they don't...

I'd be interested to know how much you need to pay up to get a MM to sell those 85 delta calls. Markets must be very wide and have zero customer flow.

I found this:

If you only day-trade and have limited capital, I would consider learning to trade futures. Better leverage. Good luck

We offer portfolio margin which offers up to 6.6X but in practice that level is hard to get. Except at IB we can't offer PM accounts to foreigners right now. Our relationships make anything but Reg-T difficult. We call them institutional accounts but to you they would be considered customer or...

So that means I can't trade remotely from Europe or Asia for a US based firm?--I don't know About the 365 day capital lock up, Is there a way i can withdraw money or get some kind of a pay check from the firm during that 365 day period? You can withdraw profits only.

IMO you don't have to make this decision in advance. With each situation, evaluate what your expectations are over that time period with the prices available. If you are looking to sell options only, you don't have to pick one strike. You can sell a few.You also don't have to enter the entire...

rg12, BTW, these are USA regulatory rules. I have no idea how foreign prop firms like this are regulated when operated outside the US.

Most of these JBO/prop firms focus on equity day traders. Some allow options but that requires more capital and has more risk. I'm not familiar with ones that trade futures or FX, as you can get a lot of leverage in futures and FX with small accounts, but you can't get that with equity smalls...

rg12, Check out this PDF. I wrote this a few years ago. It compares institutional accounts using portfolio margin vs Prop firms. Bob

NO! These are not customer accounts. You will not be their customer. When you join a prop firm of this kind, you are a member of a broker dealer and your capital joins with their capital. When this happens, the SEC requires your capital stay in the firm for at least 1 year. They give you an...

You are generally limited to your deposit unless you sign a person guarantee, which would not be typical. I'm not sure if they will allow a entity as a member. You have to register with them and U4.

To my knowledge, none. As long as your are not acting as a CTA. EG, my service costs $XX/ month for....you are OK. If you start promoting returns, getting percentage of profits, etc, I'm not sure.

Limited Partners. When you join a JBO(Joint Back Office) , Prop firm, you become a limited partner of a broker dealer, where your capital is at risk to the entire firm, but you participate based on your earning only, with no SIPC protection.

most USA prop firms that take your money as 1st loss, only accept domestic LPs but most allow remote trading.

http://www.nfa.futures.org/NFA-registration/cta/index.HTML The very general answer is, yes there are rules on how a CTA can market themselves and for education, you might not have to register. You should read this carefully.

I thought Bright was just USA and Canada.

I can't tell you which is more profitable, selling OTM puts in SPX or ATM straddles. I can tell you that selling ATM options requires more skill, attention and analysis. ATM options can and will from time to time be underpriced, while OTM puts are almost "always" overpriced. The big issues with...

I don't know much about these products.Check to see if the dates that this went down coincide with x-div dates for the fund. The answer to your other question is simple. "Does there even exist any bond mutual funds where the share price can't go down?" The answer is no. Over a short period of...

By the way, I have clients that sell naked puts, OTM credit spreads etc. They do quite well. They mostly stick to cash settled index options. A few also sell OTM puts in stocks they feel won't go down. They only sell puts they feel don't have a chance of being anywhere close to ITM. Most of...