SBatch

Yes - most often it is an issue with Apex calculating incorrect margin on spreads. They are extremely understanding. If it is a true margin call they will give you a full three days to liquidate your account or deposit cash to bring into compliance.

Swapping the IC with a calendar and combo with the RIC may work in certain names.

Are you stating that an exempt advisor (assets under $150 million) cannot advise a fund that has sub-accounts managed as SMAs?

Simply not true, Form ADV exemption can be used for SMAs: https://www.sec.gov/rules/final/2016/ia-4509.pdf

Hedge funds can absolutely advertise if they are properly registered.

If one only accepts Qualified Clients (a higher bar than Accredited Investors as $2 million of semi liquid assets are required) registration is not necessary, but rather simply a filed exemption.

Robinhood charges nothing for assignment. I have never traded with them so I can’t speak to platform, etc. https://support.robinhood.com/hc/en-us/articles/360001214663-Free-Options-Investing

I had an account with them about 10 years ago so I can't speak to current execution quality. I do not know of any other Australian option brokers.

While TW clears through Apex, TOS does not. TD Ameritrade is self clearing.

Not at all often with today’s technology, this is a true anomaly.

TastyWorks has dramatically improved their commissions and accepts many international clients: https://tastyworks.desk.com/customer/en/portal/articles/2802397-international-accounts They have much improved pricing for 2018 with capped option commissions (plus reg fees): https://tastyworks.com/pricing.html#capComm

Same can be said for the Bank of Canada in eOption's case. Currently trading at 77 with a P/E around 12 and not far from its all time high. Whereas IB currently trades at 61 down from 80 in May.

Apex clearing is Tradier's clearing partner and custodian: https://www.apexclearing.com/ Regal is a BD/RIA that caters to financial advisors. However, the ultimate ownership of Regal and eOption is the Royal Bank of Canada - one of the largest banks in the world. All of these companies are not only protected by SIPC but they also take out additional group insurance policies with Lloyds of London. I understand the need to do some due diligence, but if any of these companies become insolvent and investors are not protected, then we all have a much bigger issue than our money as it is likely near the end of the world.

No referral code, just providing the info so everyone can cost effectively participate in the trades.

Probably best for you to simply open an account with eOption as we know they operate in Australia. This way you are prepared for the next PV TLT trade and their commissions are perfectly acceptable for the strategy.

I moved it to the Tradier thread.

This is a very important (and dangerous) aspect of holding an account with IB. Here is just one example (there are tons if one is interested in looking at their arbitration history) where a client got totally screwed, IB claimed no responsibility and was brought to arbitration (which costs the customer a ton of money). IB of course lost, but that has not stopped them from continuing the exact same practices today (and continuing to deny responsibility). Practices that they have been recently fined for by FINRA, the regulators in the UK, Hong Kong, and Australia. https://www.reuters.com/article/us-arbitration-interactive-auto-liquidat/interactive-brokers-must-pay-667000-for-portfolio-selloff-mishap-panel-idUSKBN0LM23620150218

VXX is an ETN with a maturity date which is 1/30/19 hence the need for a new ETN. There are no changes to its structure. No need to move to it until the end of the year.

Actually, this is the result in IB not using true mids. They have a very convoluted way of choosing either the last, ask or bid (depending upon where the underlying is trading) and posting it to mark the mid. It's completely inaccurate and has nothing to do with routing.

We will scale up and then move on to UVXY after it’s next reverse split which should occur in the fall.

We have an inherent advantage using VXX that does not exist in equity underlyings. We know absent vol spikes, VXX will move lower. There is no such arrangement with equities. Personally, I am not a proponent of attempting to trade short term direction in equities, I have just never seen it done successfully with consistency.

Yes. I use TradeHawk for all modeling.

Tradier passes through all mandatory exchange, OCC and regulatory fees. In most cases this amounts to just under .10 a contract. In the case of Index Options such as SPX there is an additional CBOE exchange fee that is passed through.