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It looks like Roaring Kitty may have closed out most of his June 21 Calls. Over 90,000 contracts traded, most of them late in the day. For his sake, hopefully he closed them and did not roll them.

It's not pointless. He is not understanding this situation 100%. Furthermore, there are people lurking the board who do not understand it 100%. From the movie, Margin Call: " "Please, speak as you might to a young child, or a golden retriever" Sometimes people need to have things broken down...

I'm away from this place momentarily and come back to unhinged chaos. :D Now, you guys behave or I'm gonna turn this car right around!

I believe I understand the basics of the Safe Harbor Rule. Pay 90% of this year's tax or 100% (or 110% if income over 150K) of last year's tax. Here is where it is slightly murky. I know if you have a W2 job, and you underpaid severely the first couple of quarters, you can simply have a...

"Interactive Brokers also has some arbitrary rule whereby establishing a position cannot exceed your account equity multiplied by 30." Can anyone explain this rule with a couple of actual examples that cover different scenarios?

Then I should be asking you, "What's the craic?"!:D If you truly can arb, I would attempt this in reverse. (More risk, of course) If the quotes are accurate, then try to repeat this trade under basically the same criteria, only buy to open the spread at 88. If you can't close it, don't worry...

I am far from being one of the experts out here, but here are a few observations: 1) If possible, I would try to negotiate away those exercise and assignment fees. With such a slim margin for profit, they will eat away at it. There are too many brokerages out there with no exercise or...

When you tried to buy to close the spread, you kept increasing the price from 87.95 to a higher and higher price all the way up to the high 99s?

So this is what happened: You bought 5 15,800 Calls, sold 5 15,700 Calls as a spread order and received 99.95 or $9,995 * 5 for a total of a $49,975 credit. (Minus commissions). How many days to expiration? Then the mid price moved to 87.95 for a seeming profit of $1,200 or $1,200 * 5 = $6,000...

Did you actually have $6,000 in profit or was the system inaccurately displaying $6,000 in profit. Can you tell us specifically what you did? Which contracts did you open, how many, which strikes, and at what price? Thanks.

Hello Everyone: Does anyone have any experience / knowledge regarding NDX options? Specifically, are they similar to SPX options where you can often get a fill around midpoint, or are you going to be stuck (especially when closing a position) selling at or close to the bid and buying at or...

Alver, imagine that you have $165 cash in your hand right now. Would you spend that money on a BABA lottery ticket or do something else with it. Just a thought. :)

It looks like Tradehawk will charge .45 a contract for SPX options. But thanks for putting them back on my radar. I will have to add them to my list of brokers to research.

If it weren't for the commissions and exchange fees, low priced SPX options (.05 to .25) would be ideal candidates for trading!

Yes, please do. I know for sure the limit is not 1000. :)

Yes, 390 orders on average over the period of one trading month. If you go over, then you get the professional designation for an entire quarter.

I have never heard of the 1500 order rule. It is definitely not in the official CBOE language explaining the 390 order rule. It doesn't mean it doesn't exist - I have just not heard of it. Here is what I was told about the 390 rule. It is the average number of orders over a given month. There...

I don't think that you changing the order every 30 seconds would be a problem. But what do I know anymore? :) In my research, the only time it should be a problem is if you have no intention of following through with your order and are just putting orders out there to give the illusion of size...

My orders should be designated as retail as I keep below the 390 order threshold.

You are welcome. Yes, I am basically on my own to figure this out. I didn't want to go the ET forum route but I keep hoping someone who has gone through this will chime in and say "this is what happened with me so you might want to look at this . . ."