Trading options with Z13

Posted By: YG8

Trading options with Z13 - 01/02/20 14:23

I want to start trading options using Z13, is there anyone who could suggest a broker? By the look at it i guess IB is the only one offering options, at the same time the manual says that only Z8 should be traded with IB.

Also, any idea on how much I should expect to have to put up as margin?
Posted By: jcl

Re: Trading options with Z13 - 01/03/20 10:33

IB is an often used broker for Zorro systems with options, stocks, or ETFs. The margin of Z13 depends on which combo you're trading.
Posted By: LabRatNo9

Re: Trading options with Z13 - 01/24/20 12:41

YG8,

first off,

DON'T trade options if you do not fully understand them.
They are a powerfull instrument ( derivative )!
You could do some homework on https://academy.investopedia.com/products/options-for-beginners
and when that fully understood https://academy.investopedia.com/products/advanced-options-trading.

There is no free (easy) money in the market.
Thinking so, not comming fully prepared, will set you up for large losses.

that said:

here's the link to IB's margin policy ( beware you will need a calculator ) https://www.interactivebrokers.co.uk/en/index.php?f=37725#margin-matrix
Posted By: YG8

Re: Trading options with Z13 - 04/30/20 07:39

Tnx for the feedback LabRatNo9, I started watching some videos from TastyTrade wich are also very good!

As I am reading the manual for Zorro, am I correct to assume that there are no stop loss used on the Z13 system? Only a volatility filter that determines when the market is too volatile and not suitable for trading.
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