u/Ok-Yam-6616

Does anyone know how to copy an executed options order in Fidelity mobile app?

E.g., if my order to buy 1 XYZ call 55/56 vertical just got executed, I want to repeat the same order.

If I have a cash account with $10K (just an easy example amount) and I daytrade options spreads (e.g. verticals), how does each such trade affect the buying power?

For example, buy XYZ vertical for $100, then sell the same vertical for $110. Both transactions are not settled until tomorrow - that part I know. But what happens to the buying power?

Does it get reduced by the initial $100 debit?

Or, does it get reduced by the cost of the long leg (e.g. $500)?

I had a first ever wash sale last Friday and I am not sure what to do about it.

It was a leg of a spread. I first lost $30 on that leg and then made $10 back.

I haven't traded this leg or this UL after or before this event.

Suppose, I don't trade the UL or its options in the next 30 days, how should I handle this when filing taxes next year?

Should I subtract $20 net loss from my other short term gains or should I add $10 gain to the other short gains with $30 becoming a "suspend loss".

If the latter, at what time would I be able write that loss off?

I was surprised to find out that both above-mentioned ETFs have options.

Who trades these options and why?

I am practicing 0dte options trading on SPX (iron condors, butterflys, and the like) using Etrade Paper Trading platform.

I noticed that approximately 15 minutes before the market closes, my open position were closed at the market price.

I did not initiate these orders.

I don't know why Etrade does it on a simulator but I wonder if they do this type of auto-closing with real positions in real accounts.

Does anyone have personal experience with this behavior?

Does Charles Schwab practice the same thing?

Thanks

I am practicing 0dte options trading on SPX (iron condors, butterflys, and the like) using Etrade Paper Trading platform.

I noticed that approximately 15 minutes before the market closes, my open position were closed at the market price.

I did not initiate these orders.

I don't know why Etrade does it on a simulator but I wonder if they do this type of auto-closing with real positions in real accounts.

Does anyone have personal experience with this behavior?

Thanks

I've never held index options until expiration so all my knowledge about how settlement works is strictly academic.

I'd like to find out from those who have first hand experience what happens if a vertical spread expires partially or fully ITM.

Does the type and size of the account matter?

Will the same process be applied to a $25K IRA account approved for spread trading and to a $1M portfolio margin account approved for naked options selling?

The brokers I am interested in are Fidelity, Schwab, Webull, MooMoo, E-trade.

I read somewhere that some broker(s) would autoclose short legs 30 minutes before market closes if there is a chance that those legs go ITM.

I wonder how true that is.

Thank y'all.

Let's say a trader has $10K on his account. With that he can buy 200 shares of XYZ stock at $100/share ($20K total).

If he does that, he will have a margin loan of $10K on which he will pay margin interest.

Now, let's say that our trader sold 2 100 XYZ puts for $200 each.

He now has $10400 cash, but how much buying power does he still have? $400 or zero?

Is the additional cash required to purchase XYZ stock ($9600) in case the puts get assigned considered a margin loan and is a subject to margin interest?

I stumbled upon YouTube channel of someone named Ravish who makes outrageous claims of making $50-60K/month selling covered call and trading calendars and diagonals.

He shows his account balance and current month realized gains but no actual trades.

He also either promotes his "mentorship" or gives a text book explanation of a particular strategy such as covered calls.

Does anyone know if his performance is real and if he shows his trades to those who pay him $199/mo (or whatever he charges)?

Somehow I fail to believe that a dude making $50K/mo by trading would care about selling his signals for $199

This question is for those who knows ins and outs of options orders execution mechanics.

There is something called "retail order priority" or similar. My understanding is that if a retail customer places a marketable order, market makers have some kind of obligation to take that order even if it is not profitable for them. Also, the size is limited and personally I could never get a fill for more than a singe lot.

I'd like to hear from someone who knows how this works from the market maker's perspective and whether or not a single lot is indeed the biggest order size that gets preferential treatment.

Thanks

Is there an options trading strategy that has positive expected profit?

I.e., average profit * probability of profit > average loss * probability of loss

I can only think of market making - buying at the bid and selling at the ask.

What else is out there that can deliver reliable income stream regardless of market direction or conditions?

How does Fidelity implement Rule 390 for options trading?

Does it count submitted or executed orders?

Thanks

Does Fidelity allow limited margin and spread trading in Roth IRA?

By "spread trading" I mean debit and credit verticals, diagonals, debit calendars, butterflys, condors, iron butterflys, and iron condors on both equity and indexes.

Thank you ​​