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  1. rmorse

    Underwriters band together, keep FB above 38. Market manipulation?

    I believe they call it "stabilization." I call it an IPO priced with hot air.
  2. rmorse

    Was Facebook SHORTABLE today?

    No customer can short an IPO. Can't get a locate, can't borrow shares.
  3. rmorse

    IB options commissions

    He is adding liquidity and receiving rebates. So he is buying on the bid and selling on the offer. I'm not sure you can get a better price. I would not call that an inferior price. For the traders that want to spends the time to get better executions and manage their commission's, DMA works...
  4. rmorse

    How soon do options get traded after IPO?

    I believe the options will begin trading on May 29th.
  5. rmorse

    IB options commissions

    He is on the standard cost plus at IB and routes his orders to exchanges that offer rebates for adding liquidity. This is very common for professional accounts.
  6. rmorse

    IB options commissions

    We offer DMA routing also and pass through all exchange fees and rebates. If you qualify for an CPM account at ML Pro, you can keep the $5000 or give it to charity, but I'll take the chocolate. I can't list qualification and rates here because I'm restricted. It would be considered advertising...
  7. rmorse

    IB options commissions

    Your paying .46 a contract +/- exchange fees?
  8. rmorse

    Where can I check if my orders are getting right into the market?

    You should bring up your concerns with your firm. If you do it in an email, there will be a record of your complaint. You're a Limited partner or an employee, not a customer, so I'm not sure what rights you have. I'm not sure what benefit they have with messing with your orders. Your best bet is...
  9. rmorse

    Where can I check if my orders are getting right into the market?

    Are you using smart routes or DMA? What makes you think you orders are not going anywhere? At the end of each day, each broker must submit an OATS report. You be honest, I'm not sure what details are it that report, but it should detail every order placed. I think these reports are only...
  10. rmorse

    Options pricing when underlying goes ex-dividend?

    Let's just look at the ITM put. For a stock with a .50 div, I'm willing to pay up to .48 over parity on all Deep ITM puts. With stock. I'll lock in .02, let's assume no commissions. _After x-div, those puts might be parity and an exercise. _So puts go down in price._The reality is that the...
  11. rmorse

    Options pricing when underlying goes ex-dividend?

    If I'm long stock, short calls, long puts, and there is a div, I receive the dividend. After it goes x- div, I'm no longer getting the dividend, so I'm no longer willing the sell that call at that price and buy that put at that price. Now I'm willing to pay less for the put and want more premium...
  12. rmorse

    Options pricing when underlying goes ex-dividend?

    Calls should increase and puts should decrease x-div.
  13. rmorse

    Who's Your Discount Broker?

    We are not a discount broker. My wife likes me!
  14. rmorse

    Penson

    We introduce to Penson, ML Pro, Penson Futures and FC Stone. In every instance, our clients custody their assets and securities at that Prime Broker. In every instance our client has a log in to that Prime Broker's customer log in on their website. At the end of each month and the year, you get...
  15. rmorse

    Penson

    Penson and IB use the OCC TIMs calculation for Margin on CPM. However IB does not provide leverage on "small" cap stocks with market caps of under $250M. Also, they increase margin requirements for high concentrations (Too ouch margin afforded to similar positions.) and on what they consider...
  16. rmorse

    Broker for $500K account size

    This is one reason why hedge funds, trading groups and active trader use Introducing Brokers. They custody and clear at the Prime Broker, but we service the account. At ML with us as the broker on the account, our clients get the best of both. Bob
  17. rmorse

    any option sellers

    Why only puts. Why not sell a similar OTM calls in SPY too.
  18. rmorse

    Developing Trading Track Record

    Not with the SEC or Finra. You have to form and register the LLC with your county and state and get an EIN form the IRS. Easy to do or you can pay a service.
  19. rmorse

    Developing Trading Track Record

    Yes, you can do it with an LLC. If you use a firm like ours, down the road we can help introduce you to administrators, third party marketers and help with cap intro. Bob
  20. rmorse

    Virus problem

    Take a screen shot and post it. I'm not sure ETF is the best place to post this.
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