Re: Activity Level SPY at $212.48 ====== Buy 212.00 call at $1.18 ($21,200) Sell 213.00 call at $0.57 ($21,300) ====== Buy 212.00 put at $0.77 ($21,200) Sell 211.00 put at $0.49 ($21,100) Lets take a look at the above sample - a SPY call and put debit spread with a total debit of only $89.00. The Activity Level is $84,800 to enter and another $84,800 to exit, total $169,600. Is that correct? Do any brokers provide your Activity Level in your account statements or online so you can check it? I know BMO Investorline does not. If your broker doesn't provide that info my Python Script - CSV to PDF can easily be modified to output it. Just download your brokers Transaction History CSV file and sum the columns with the option strikes and number of contracts.
Thank you! I hadn't thought to do that. Optionshouse doesn't provide activity levels, although I was thinking to be a bit lazy and just have them provide me the transaction that put me over. I was also just going to register as I imagine at some point I would have to do it anyways. OPTIMISM
Are you 100% sure this is how the value is calculated? Here's the example the SEC provides (https://www.sec.gov/divisions/marketreg/large-trader-faqs.htm): By way of another example, consider an investor that wants to purchase 100 contracts of puts on an index, at a strike price of 1375, where the index is trading at 1380, and where the option uses a 100 multiplier. If the quoted price for these puts is $51.00 per unit, the price per contract would be $5,100. The value of these index options for purposes of Rule 13h-1 would be: 100 contracts x $51 price per unit x $100 contract multiplier = $510,000. Plugging in the value of your "Buy 212.00 put at $0.77" leg, here's what I get: By way of another example, consider an investor that wants to purchase 100 contracts of puts on an index, at a strike price of 212, where the index is trading at 212.48, and where the option uses a 100 multiplier. If the quoted price for these puts is $0.77 per unit, the price per contract would be $77. The value of these index options for purposes of Rule 13h-1 would be: 100 contracts x $0.77 price per unit x $100 contract multiplier = $7,700.
I can say you are an active trader but you are not big. I have traded /still trading more than that but never contacted by my broker about that. Be careful. The name might be enticing but make sure that because of that your commission or data subscription wont go up. Even if it does not change and there is nothing for you and it is just a name, tell them you are not interested. Buying a call spread on SPY will not cost you much but for 100 contracts, it will be 200 contract trades. Buy 100x (212 call and sell 213 call ) will be 200 contracts and will cost almost little.
Spy is not an index option though so it uses the underlying's price since it isn't a cash settled option. So it would be related to the earlier example they give.
You can't tell the SEC that you aren't interested in their reporting requirements. It doesn't have to do with your broker except providing your LTID.
I did not mean that. I said if you don't have to register for that and there is nothing in it for you, don't do it.
I see. Would that I could. My brok frm got back to me and said I passed the threshold 4 times last month. So in this instance I had to. The best advice I can give anyone that needs help though. Their customer service and tech support lines are absolute gems. Easy to call and interact with. Very helpful.