Prop firm for equity option trading

zoneinfo

zoneinfo

Hello,
I’m a US retail, non-pro options trader. I trade with a portfolio margin account; I have roughly one million usd in broad index ETFs as collateral, which allows me to trade about 10,000 contracts per week / 250 million usd in notional value of low dte options, often held to expiration.

I’m posting here to see if there are prop firms out there where I could keep my strategy above and either keep my existing leverage / get greater leverage and also reduce fees compared to traditional retail per contract fees.

thank you in advance for any pointers.
 
A prop firm pays higher option exchange fees then customers. It will likely raise your net cost vs what we offer. My contact information is below. If you want to talk about rates and what we offer, send me a quick email and we can talk tomorrow.
 
zoneinfo said:
I have roughly one million usd in broad index ETFs as collateral, which allows me to trade about 10,000 contracts per week / 250 million usd in notional value of low dte options
More...

Do you care to talk about your trading style, instruments, timeframe, experience, goal, returns, performance, history, etc etc misc misc?

I'm always curious to discover big traders who actually trade, with slightly bolder risk/rewards and skill and understanding,...and not just invest conservatively or swing trade moderately and being happy to just match the sleepy S&P annual average.
 
MacBookProHo said:
Do you care to talk about your trading style, instruments, timeframe, experience, goal, returns, performance, history, etc etc misc misc?

I'm always curious to discover big traders who actually trade, with slightly bolder risk/rewards and skill and understanding,...and not just invest conservatively or swing trade moderately and being happy to just match the sleepy S&P annual average.
More...

He's trading a 1 million dollar account. Why don't you tell him how is it part art, part science? I mean, that is what you tell all the other people on this forum, with gusto and authority. Why are you groveling before this mighty million-dollar account holder? Why don't you just shove your advice down his throat? About how trading is part art, and part silence?

What..Met your match when faced with a million-dollar account balance? After all, he MUST have been able to see the future to have that balance. Right? Ho?
 
Overnight said:
He's trading a 1 million dollar account. Why don't you tell him how is it part art, part science?

I mean, that is what you tell all the other people on this forum, with gusto and authority
More...

Trading is slightly more complicated....than just betting up on good news, and betting down on bad news and following your basic Green Light Buy and Red Light Sell circular, indicator, trading system, buttons. That is Gorilla trading. Dumb trading.

Any truly successful trader realizes this, while all the dumb, basic, amateur, failed traders look for an automatic trading system taught in a bogus book, by a bogus teacher.
When the chart line touches the sky line....bet down....when it touches the ground line...buy.
'Trading is Easy. Look at how much money I'm making and printing with what I bought in this book by this man.' -- Says No One, ever.

So back to your comment, trading is part art, part science. Or, slightly more complicated than what you can readily find available.
Overnight/Overbite you are an angry, hot tempered, guy. My reply was meant to the OP. Not here to endlessly, uselessly, debate you.
OY VEy
 
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MacBookProHo said:
Trading is more slightly complicated....than just betting up on good news, and betting down on bad news and following your basic Green light Buy and Red Light Sell circular, indicator, trading system, buttons.

Any truly successful trader realizes this, while all the dumb, basic, amateur, failed traders look for an automatic trading system taught in a bogus book, by a bogus teacher.
More...

And I am very very sure that you are going to teach this trader, through your salad advice, how to trade his million dollar account. Let's watch this match made in heaven.
 
Parallax is got a big shop in Seattle, but don't know if they run a prop business. They are MMs and do big customer business. They were early in CBOE Pro customer business.
 
I don't think a Prop firm would help you. I was in a similar situation as you (but with about 25% of your volume) and traded under a JBO/Prop firm. I gave that up a number of years ago and just trade a PM account as a retail trader.

Costs are higher not lower with the JBO/Prop. You will pay higher exchange fees with options, you will no longer have your orders marked as customer, so you will have MM's less likely to trade with you. You will need to be licensed, so you will have that hassle, higher data fees as well. You may also have to split potential profits depending on your arrangement.

There may be slightly better leverage/risk parameters with the Prop. For me, holding futures and options together required much less capital. If you wanted to trade as a MM, this might be necessary as well.

Overall, except in limited circumstances, I think you are better off as a retail trader. Your firm maters to. You will want to trade at a broker that caters to a high volume trader.
 
zoneinfo said:
Hello,
I’m a US retail, non-pro options trader. I trade with a portfolio margin account; I have roughly one million usd in broad index ETFs as collateral, which allows me to trade about 10,000 contracts per week / 250 million usd in notional value of low dte options, often held to expiration.

I’m posting here to see if there are prop firms out there where I could keep my strategy above and either keep my existing leverage / get greater leverage and also reduce fees compared to traditional retail per contract fees.

thank you in advance for any pointers.
More...

I pay about $0.90/contract at my current prop for 2x leverage on options though they only allow straight calls and puts
 
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