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  1. rmorse

    Tastytrade

    And, what is their "approach to options trading"?
  2. rmorse

    Option screeners

    This one looks interesting. I have never tried it.I only checked out their website after finding them on Twitter. http://optionsflux.com/pages/faqs
  3. rmorse

    Section 475/MTM as a series 56 proprietary trader?

    Will, I'm not a tax expert like Robert. However, I do know that at the prop firm, those trades don't belong to you, they belong to the firm. You get a K1 to represent your distribution of P & L. There is no reason to list trades as they are not your trades. You only report the information on...
  4. rmorse

    Quant/Algo system for scalping stock options?

    xandman, I took a "quick" look at their website. The question in this forum was about stock options not options on futures. Option Workshop appears to be a tool for options on futures where you can connect to three APIs, IB, CQG or Rithmic. I'm guessing, without using it, doing a demo or...
  5. rmorse

    Quant/Algo system for scalping stock options?

    IMO, if your are looking to scalp options based on a technical move in the stock, you will be giving up a lot of your vig in the market with the option spreads, even tighter ones. You will pay that in and out. You will have to be right way too often including commissions and regulatory fees and...
  6. rmorse

    Firms That Don't Require Licenses

    If they offer you trading capital, that's great. If you will deposit first loss capital with an unlicensed trading firm, be careful that are following SEC/FINRA rules and not "acting" as a BD. The SEC is going after the firms. They can't markup commission and can only profit from a percentage of...
  7. rmorse

    ES down 30 points after hours (Tue March 31)

    ES only down 17+ now
  8. rmorse

    ES down 30 points after hours (Tue March 31)

    Asian stocks are down....
  9. rmorse

    Prop commission negotiation

    You will have to choose a strategy where the fraction of a penny is not as relevant. Rebated trading is out. Choose or learn another strategy to execute. I would also sit down with this firm and try and get them to offer you some day trading leverage as you expected. Like I said, only do...
  10. rmorse

    Upcoming Earnings Releases with Liquid Options

    As it's hard to define what a liquid option is, you can use LiveVolPro to scan for options that have a Ivol diff between two months where option volume is over a minimum number. The calendar is normally narrow near earnings with front week/month expanded and the volume minimum will give some...
  11. rmorse

    Prop commission negotiation

    Your not a calling brokers to open an account, that you can close at anytime. You are looking to join a Broker dealer, a regulated firm, to go into business with them for at least one year. Commissions are only one part of the decision making process.
  12. rmorse

    What is the best software or service to upload stock and options trades to income-tax software?

    I have a few clients that use gainskeeper. There are always some trades that need to be reconciled. It should not be a big deal.
  13. rmorse

    Zero-cost collars

    roberk, Buying a call spread=buying stock+put-call (if you use those same strikes as the call spread). Yes, they both limit losses and gains to the same extent. But, the call spread is simple and easier to enter and exit. The margin on the call spread is lower, so returns are higher. If the...
  14. rmorse

    Zero-cost collars

    I don't have that study, but you pointed out the issue. Even if you find a zero cost collar, there is still a cost. You choose to go long that stock because you felt it would out perform the market. By adding the collar, you are limiting your upside, which is why you entered the position in the...
  15. rmorse

    Hedge Funds owing broker more than funds equity?

    "lost nearly all of the $60 million hedge fund's capital in just three weeks of trading". Ouch!
  16. rmorse

    Disaggregated Commitments of Traders

    I'm not an expert on these issues. My expectation on question number 1 from a call I had with the CME last month is that each option is treated like one future for reporting.Reporting levels are not very high. http://www.cmegroup.com/market-regulation/position-limits/ Q2, one is an out right...
  17. rmorse

    No U.S. clients for offshore fund?

    I'm not an expert on this, but I believe this is a tax issue, not a regulatory (CFTC, NFA or SEC) issue. If they have any USA investors, they have tax reporting to do that they would like to avoid.
  18. rmorse

    Disaggregated Commitments of Traders

    Yes, long/short positions in the market must match, but they don't in that table because that table represents only reportable positions. Speculators that don't have large positions make up the balance. I don't think hedgers with small positions have to report either. The purpose is to show...
  19. rmorse

    Few Best Online Breaking News Sources for Traders?

    The best thing to do is call them. The last time I paid for them was 2009. I recieved a plan that included most of their news sources except DJ. DJ was expensive and I found they never came out with anything 1st. Also, they have a free trial. I think my bill was around $275/month. Without it, I...
  20. rmorse

    Quoting and Trading covered options - commodities

    CTS T4 can do that...
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