Pro Firms Specializing in Options
- Thread starter F_488
- Start date
They are mostly HFT and MM. Is that what you are looking for?
That doesn't really exist anymore. Can I ask why a prop firm? Is it just capital? Because spreads require almost no margin. Is there some other thing you are looking for like automation or software?
Maverick, Yes I am looking to use the firms capital, have access to better software and would like to join a prop firm where I can learn more about options trading
OK. That structure doesn't really exist anymore. In fact, even when it did exist, and I was a member of one, in order to join our JBO, you HAD to be a market professional and prove it meaning you were licensed, worked in the industry and were well capitalized. We certainly would not take anyone that was looking to "learn" and we never offered backing. It was always first loss meaning whatever capital you came in with you absorbed 100% of the losses.
Robert Morse
Sponsor
Group one is a tradition prop firm, not a JBO. They hire and train market makers.
Guys he is not looking to be a MM.
Robert Morse
Sponsor
Yes, we read that too. If we rule out the MM firms, as MAV knows, most JBO prop firms are set up for day-trading equities and don't offer options. If they offer options it will likely be low risk strategies with limited margin use over night. IMO, those that can't fund an account and get DT, and insist on trading equities, have no choice but to join a JBO prop firm. I find in general, those that do that with $5000 to $10,000 are very unhappy with the results. If you are hoping they will train you to trade options, you don't need them. Find a mentor or option training class to get you started. start with the free ones.
http://www.cboe.com/learncenter/optionsinstitute1.aspx
http://www.optionseducation.org/options_education/program_overview.html
If you have over $25,000, say $30,000 or more, I suggest you try a customer account for whatever your plans are. Keep control of your account and avoid commingling your funds and being a registered person. You can always join a JBO prop firm later, but if you join them 1st you are stuck for 1 year.