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wmwmw-It’s a matter of scale. ES are too big for some and SPY margin in Reg-t accounts is very high. Options on the Micros would draw in traders away from SPY. Futures have no PDT rule.

Futures have better margin and are 1256 contracts-no wash sales, Market to market, profits are 60% long term / 40% short term.

New and Advanced Features of Trading Options on Lightspeed Trader Wednesday, January 29, 2020, 4:30 PM ET Are you a long-time Lightspeed customer who has only used Lightspeed Trader for its equities functionality, and you’re interested in learning more about our professional trading software...

I just called the CME. No plans in the near term.

Whether you primarily trade equities, options, or futures, Lightspeed offers a platform that suits your style. Visit our website to learn more about our platforms’ capabilities. Please say you heard about us from Elite Trader. Feel free to contact me at any time with questions regarding our...

Scataphagos-we have now flipped from what is my opinion of when I would call a trader a pro, vs when they have to pay for pro-market data. This is no longer my opinion, but up the exchanges. NYSE, NASDAQ, and OPRA have a Questionnaire for those that want the non-pro exemption. Assuming this is...

The reference below is the determination by the exchanges as to if you qualify for non-pro market data. This has nothing to do with the original question. This is the exchange looking to charge more to whomever they can. If the account is not a natural person, you are pro for exchange data. The...

risknav-when you trade options on futures, what does that typically look like? Long options are not part of the span margin file. They are fully paid for at the time of the trade. I believe debit spreads are the same. Credit spreads and naked shorts likely have a margin requirement that can...

Maybe this tool will help you. https://marketchameleon.com/volReports/topImpliedVolMovers Bob

A Professional of any type gets paid to do it or is self-employed and pays himself. I do not see this as any different. As with other businesses, there are different levels of scale.

Miklas, in your order, Yes, No, Yes, Yes, No. IMO, a Professional Trader earns his primary income from trading. That can be his funds or the funds of others.

Your TOS software says "WK5", which means week 5, the 5th Friday of the month is Jan 31. ES options have expiration each Monday, Wednesday, Friday and the last day of the month.

This example of selling a stock at 0.01 should not happen. The order should get rejected. as the limit is more than 10% away from the last sale. https://www.nasdaqtrader.com/TraderNews.aspx?id=ETA2016-172

Watch the Webinar here-

greeneveryday-On a side note, IMO, market orders in Options are a very bad idea.

Yes-Lightspeed-Try a demo of Lightspeed Trader-https://www.lightspeed.com/demo-request/, then use this promotion and choose me as your salesperson. https://www.lightspeed.com/10k-2020/

https://www.nasdaqtrader.com/Micro.aspx?id=ObviousErrorPolicy

Yes, that is correct as the short call was an offset. QUOTE="Sophie, post: 5000809, member: 502262"]is it true that buying back a short call in a covered call increases margin requirement?

A crossed trade is done on a trading desk. An example might be for a sales desk to get a number of institutional orders from a hedge fund, then they make calls to find the other side. The original order is helped in finding liquidity through the trading desk and the broker executing the order...

The answer to your first question without a number is not "internalization" because the broker is not acting as principal, but agent. If your broker was the counterparty to the client, that would be called internalization. If your broker is pairing off orders before hitting any lite exchange...