PropFirm for Options trading

marsman said:
Can I contact your firm, or you via PM?
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No, that is my point, we all got out of the JBO business years ago. The regulatory costs were killing us. You will be hard pressed to find a JBO. That ship sailed. I would look for a DeLorean.
 
Maverick74 said:
No, that is my point, we all got out of the JBO business years ago. The regulatory costs were killing us. You will be hard pressed to find a JBO. That ship sailed. I would look for a DeLorean.
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Maybe a silly question, but what on hell is a JBO business? :) (I'm not from US)
"Jobs Back Office" ? :D
"Joint Broker Office"? :D
 
Still a couple of them out there. Sumo Capital being one of them. For almost all people its really not worth it joining one. I recently closed my account and am now all customer.
 
If you could find a Prop firm willing to give you significant margin (though it won't be me than $30k on a $5k investment to start with) why not trade straight equities? Swing trading options is a real nuisance.
 
TradeCat said:
If you could find a Prop firm willing to give you significant margin (though it won't be me than $30k on a $5k investment to start with) why not trade straight equities? Swing trading options is a real nuisance.
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I've written a software that is specialised on weeklys and finds realtime/neartime several hundreds of lucrative option trades per day. But as said, it is not daytrading.
I think one should make use of most of these trades, but that requires much capital. So, a prop firm would be ideal for this.
 
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If you're trading options vs options or options vs stocks, your capital requirement will be similar in a customer pm account and a prop/jbo account. Both are mainly concerned with movement risk. They will take the stock/index up or down a certain percentage. The prop account would be more helpful if you were trading index options vs futures as they would look at both.

A pm account at TOS or IB would need about 100 to 125k of capital. I similar amount would be needed to open an account at a prop trading firm such as Sumo. The prop account will be more costly in terms of professional fees and licensing.
 
marsman said:
Hi,
I've no experience yet with any prop firm, but what I read indicates that most prop firms offer mainly stock trading.
I OTOH am looking for a prop firm for trading normal options (mainly US weekly equities options, and perhaps also some index and ETF options).
Of course trading also the underlyings should be possible.
Planning to do several hundereds of option trades per day, but it is not daytrading; ie. the positions will be held several days upto about max 2 weeks.
The firm can also be offshore.
Thx for all info/links/contacts etc.
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Try Cutler Group, back in the day they did require $150k deposit....You need to be a US resident...
 
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