PropFirm for Options trading

Discussion in 'Prop Firms' started by marsman, Jun 20, 2016.

  1. marsman

    marsman

    Can I contact your firm, or you via PM?
     
    #11     Jun 20, 2016
  2. Maverick74

    Maverick74

    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.
     
    #12     Jun 20, 2016
  3. marsman

    marsman

    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
     
    #13     Jun 20, 2016
  4. Maverick74

    Maverick74

    Joint Back Office
     
    #14     Jun 20, 2016
    dghuynhtu likes this.
  5. FSU

    FSU

    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.
     
    #15     Jun 20, 2016
  6. TradeCat

    TradeCat

    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.
     
    #16     Jun 20, 2016
  7. marsman

    marsman

    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.
     
    Last edited: Jun 20, 2016
    #17     Jun 20, 2016
  8. FSU

    FSU

    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.
     
    #18     Jun 20, 2016
    1245 likes this.
  9. SMB Capital if you can get into the firm.
     
    #19     Jun 20, 2016
  10. dealmaker

    dealmaker

    Try Cutler Group, back in the day they did require $150k deposit....You need to be a US resident...
     
    Last edited: Jun 20, 2016
    #20     Jun 20, 2016