Search results

I don't know anything about you, your account size, your experiance or your needs expect you want low fees and are concern about wash sales. There is not enough information here to make a proper suggestion or to know if we are the best fit with LVX/IB or any of our platforms we offer at Wedbush...

I suggested LVX as you wanted an account at IB.

Even though our option rates are lower than IB for accounts at Wedbush, if you want to be at IB we offer our LVX software and introduce to IB. Email me if you want to discuss. You can use either TWS or LVX. Once you use LVX for options, you won't want to use TWS...

Do you want something good or free? I find you don't get both.

We are waiting for approval from regulators. They are not telling me which ones. Technically, we are merging with Lime brokerage, not Wedbush. Lime in owned by Wedbush. Our customers will not see much change in the short run. Why do you ask?

To you, is it a sale because it made a new high or do the economics not match the price?

CML product: https://cmlviz.com/ Bob

Basically, if you want to make two sides markets, they want you to be SEC registered and regulated by the exchanges so that you have quoting requirements and responsibilities. Or, you can do this as a professional customer with higher fees.

I was responding to your question about option rules that i’m very familiar with. I’ll pass on any political discussions.

?? Why is that? I’m not talking about pro market data fees. I’m referring to Professional customer status from excessive orders.

Yes, if the broker OMS allows it. Some don't as it is harder to code and your order can be rerouted to another exchange and you can trade with yourself or end up still on both sides. BTO and STC is also allowed but also hard to code so many brokers do not allow it to be compliant. A...

Exchange. You can't BTO and STO on the same strike unless you are a pro cust. Under CBOE Rule 6.8C, Prohibition Against Members Functioning as Market-Makers, TPHs may neither enter nor permit the entry of customer orders into the Exchange's electronic Order Routing System if (i) the orders are...

That is of course up to you. It makes a big difference if this is a $30,000 account or $300,000. The symbols is a big deal too as that way we can focus on how hot that future is.

What is the size of the account for live trading? What leverage over SPAN are you limited to? Are returns after all variable and fixed costs? What future are your trading in the live trading? What API have you been using? Bob

I can’t tell if you are joking.

This is the way it works. Type 1 account- CASH (For Cash account) Type 2 account-Margin (For long stock, long and short options) Type 3 account-Short stock Type 2 and type 3 do not offset. You will be borrowing $100,000 from your broker. You can offset short options with your long stock and...

Agreed.

You treat it the same as any other business and balance your time. I ran my trading business for 25 year after I got married and starting a few years before my daughter was born. I was always home for dinner and has time for my wife. You have to decide what is important and make time for those...

If a strike has no open interest. that is only one piece of information. If over all, no OI, that means no order flow and no market makers to make two sided markets. Order flow brings MM to offer liquidity. OI are completed trades before that date that are contracts still in effect. Yes or...

Use limit orders at pricing you want to do play.