Those are essentially all of the equity/index opex that IB clears. Not available to US retail clients--only QIBs. Futures options are tradeable by US retail.
Trading Foreign Stock Options from U.S.
- Thread starter NoVoodooHere
- Start date
Those are essentially all of the equity/index opex that IB clears. Not available to US retail clients--only QIBs. Futures options are tradeable by US retail.
I traded options on Stockholm for 26 years after coming to the US until Dodd- Frank made the reporting requirements so onerous my Swedish brokerage kicked me out. Now I can still trade stocks on Stockholm from my YS brokersge but not options. I really regret not being able to sell covered calls. The government regulation that restricts this to QIBs is huge govt overreach and may be unconstitutional discrimination if challenged. If anybody could be persuaded to get rid of this regulation, it would be be Trump.
Can you imagine trying to persuade that silly old crone Warren?
Can you imagine trying to persuade that silly old crone Warren?
The law as it stands benefits large corporations and the very wealthy. What possible example from his past behavior would lead you to believe that silly old crone Trump would change a law that currently works to their advantage to curry favor to a constituency of what, a dozen traders in the US who are impacted by this?
Good luck with the court challenge as well. "Unconstitutional discrimination"? Can you quote the part of the Constitution that you feel applies here? You may have a low odds chance if you actually knew the first thing about our laws and legal system (not to mention the Constitution!), but you've got zero chance of bringing this up under a "discrimination" premise. That's "silly old crone" talk there, guess it takes one to know one.
Is there anything I said that was incorrect, or just something you didn't want to hear?
Sorry, I was looking for sympathizers. You will often find that immigrants to the US like me are more enamored of the US constitution and what FREEDOM means than many US citizens- that's why we're here! But in every country there are non-elected bureaucrats who want to tell you "they make the rules". Do not let them get away with it or the US will turn into Venezuela. That's why rules being held out as laws that Congress never passed need to be resisted and overturned - especially when they cause actual harm to US citizens.
For example I can now report this:
The Swedish stocks in my account only dropped 25% as a result of COVID 19 while US stocks dropped 50%. And, they are back within 3.5% of what they were. That's why I like Sweden.
Now, if, as I had been able to do for 26 years, I had been hedged with covered calls, I would have bought to cover at the bottom and mitigated the depreciation of the stock. Then I could be reselling the covered calls now. So the stupid rules are preventing US persons from mitigating their risk to events like COVID 19, and causing them actual financial harm.
For example I can now report this:
The Swedish stocks in my account only dropped 25% as a result of COVID 19 while US stocks dropped 50%. And, they are back within 3.5% of what they were. That's why I like Sweden.
Now, if, as I had been able to do for 26 years, I had been hedged with covered calls, I would have bought to cover at the bottom and mitigated the depreciation of the stock. Then I could be reselling the covered calls now. So the stupid rules are preventing US persons from mitigating their risk to events like COVID 19, and causing them actual financial harm.
The "stupid rules" you are railing against are laws passed by the elected Congress of the United States and signed by the President of the United States. They are most decidedly not decided by "non-elected bureaucrats". Just like there's no"unconstitutional discrimination" at play per your previous histrionics.
Perhaps it would behoove you to learn a little more about how our government works here in the United States if you want to live here? Maybe actually read that constitution you're going on about? Those of us who served our country for a good chunk of our adult lives care about the U.S. constitution and freedom a good deal as well. The difference between you and I isn't how much we care, it's that I've actually read and understand document you pretend to care so much about but obviously have never even read.
I think this may be the "rule" actually. https://www.elitetrader.com/et/thre...-trade-foreign-equity-or-index-options.99451/
love to hear yours/anyone elses thoughts