I'm looking for a Prop trading firm, but I only trade various option spreads. I do hold positions overnight, b/c this kind of options trading strategy needs to be held for at least a few days. I had 10:1 margin on options for a 10K account back in 2006. The profit split was 70/30. Can anyone reccommend a firm that meets my needs and doesn't require licenses? (Perhaps off-shore) I want to trade remotely.
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Best Prop OPTIONS Firm?
- Thread starter Eric1977
- Start date
Quote from Eric1977:
I'm looking for a Prop trading firm, but I only trade various option spreads. I do hold positions overnight, b/c this kind of options trading strategy needs to be held for at least a few days. I had 10:1 margin on options for a 10K account back in 2006. The profit split was 70/30. Can anyone reccommend a firm that meets my needs and doesn't require licenses? (Perhaps off-shore) I want to trade remotely.
Not a lot of Prop Shops that allow option trading, and most want $100K.
EchoTrade - 25,000 minimum, no leverage
Capital Traders Group - 1.00 per contract, no tickets - 5k minimum, 3:1 leverage
T3 - 10,000 minimum, no leverage, 90/10 split
coastal trading - 1.5x leverage, 10,000 minimum, 1.5 per contract, no tickets.
dimension - 15,000 deposit, no leverage, $2.00 per contract
Capital Traders Group - 1.00 per contract, no tickets - 5k minimum, 3:1 leverage
T3 - 10,000 minimum, no leverage, 90/10 split
coastal trading - 1.5x leverage, 10,000 minimum, 1.5 per contract, no tickets.
dimension - 15,000 deposit, no leverage, $2.00 per contract
Quote from EvOTrAdEr:
EchoTrade - 25,000 minimum, no leverage
Capital Traders Group - 1.00 per contract, no tickets - 5k minimum, 3:1 leverage
T3 - 10,000 minimum, no leverage, 90/10 split
coastal trading - 1.5x leverage, 10,000 minimum, 1.5 per contract, no tickets.
dimension - 15,000 deposit, no leverage, $2.00 per contract
What does "no leverage" mean in an options context? How does it relate to margin?
Quote from Eric1977:
I'm looking for a Prop trading firm, but I only trade various option spreads. I do hold positions overnight, b/c this kind of options trading strategy needs to be held for at least a few days. I had 10:1 margin on options for a 10K account back in 2006. The profit split was 70/30. Can anyone reccommend a firm that meets my needs and doesn't require licenses? (Perhaps off-shore) I want to trade remotely.
Hi Eric,
Let me know what you find, I'm in the same situation.
Why would anyone agree to that?
No leverage and I give you 10% of my earnings and I pay $2/contract?
No leverage and I give you 10% of my earnings and I pay $2/contract?
Quote from newwurldmn:
Why would anyone agree to that?
No leverage and I give you 10% of my earnings and I pay $2/contract?
sounds like a great ET deal to me! lol
typical options firms rarely take in deposit - only so in the beginning - and you trade firm capital.
the splits are not too aggressive - but this is a different ball game.
the guys that run these need to SPECIALIZE in options.
from what it seems in previous posts these firms just "accommodate" for options trading - not really for option traders.
and an option prop firm is not for someone to just try out and gamble
best of luck
oh and Eric - sent you a PM
http://www.mbtrading.com/commissions.aspx?page=Options
Mbtrading offer 0.95$/contract, 1000$ minimum to open cash account.
Why you need a prop firm？
Mbtrading offer 0.95$/contract, 1000$ minimum to open cash account.
Why you need a prop firm？