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The revenue ruling that allowed certain similar options to be Section 1256 says that it only applies to CASH-settled options. This would eliminate options on ETFs, which are physically settled. See...

Well, I wouldn't be so quick to assume that. If I recall properly, the person starting this thread added his secondary trader in September and got nailed in December.

I'm not a party to this situation, but I've been reading this thread and I'm surprised so many people don't know it's perfectly OK at IB to add alternate traders to one's account -- even an individual one. I did so myself for a period of several months, although both of us are in the U.S...

Yeah, doesn't seem logical, but you can verify it for yourself -- just put in a sell order at a high limit price (high enough it won't be hit) and see. Much easier than asking in a forum.

> 10% of 8 grand on any one trade Too much. Rule of thumb is only risk 2% of your account on any one trade. Another rule: Don't enter a trade unless/until you have already decided under what conditions you will exit. And of course don't trade until you have a system/strategy with a...

5.00 per 1000 trades? Maybe you mean 1000 SHARES. Yes, U.S. stock trades are basically .005 per share, with a minimum of $1 and a maximum of .2% of the face value. No inactivity fees or low-balance fee (although I think you need $2,000 to actually trade anything). They charge interest on...

Just about every month this question comes up in the IB trader chat room. Ran into the problem myself today, but I think I got a more descriptive message. Basically you can go short but not long for the last few days of the contract.