Recent content by Brighton

  1. B

    The options ladder. Newby question

    Also Google "CME QuikStrike" - there is a free application called "Essentials" and even more extensive (and free) modules on the website.
  2. B

    What is best source of daily spot prices

    Four free sources of daily cash/spot prices: https://www.quandl.com/data/COM-WIKI-Commodity-Prices This also has the monthly World Bank or IMF cash prices. On the monthly, I can't remember which source they use, but they're very similar...
  3. B

    Online strategy p&l calculator

    To avoid a wild goose chase, the above situation can be avoided IF the browser window is maximized. If the browser window is not maximized (at least in my experience) pulling the curve down or using the mouse's scroll button to accomplish the same task hides the stock price on the x-axis. When...
  4. B

    Online strategy p&l calculator

    This is very nice, and fast, and a big improvement from earlier versions. Next time you're tweaking it, I'd suggest making the chart display with one increment of white space above the profitability curves. At present the dashed line curve bumps into the border between the chart and the rest of...
  5. B

    How to calculate daily Implied Volatility?

    Should .00352 be divided by 21 trading days for a more "precise" trading month? Precise is in quotes because it's just an average of the 252 convention/12 months. I realize for 99% of people the difference wouldn't matter (me included), I just want to make sure I understand what you're...
  6. B

    Shorting Vol on retail

    80% implied vol, which is about to collapse, can hide directional errors. :p
  7. B

    IB – CL options delta discrepancies

    I haven't noticed a new problem in CL but NG was *way* off most of last week (maybe longer) - both in the Options Chains and in Risk Navigator. I think they fixed NG Friday or over the weekend. During the trading session a discrepancy between IB and QuikStrike, similar to what you describe...
  8. B

    KC Wheat/Chicago Wheat Spread Negative?

    Hi-pro = high protein soybean meal. It trades at a premium to the lower protein variety because the soybean hulls have been removed. I agree, if the yields are consistent, even if they're wrong, over time it's not that important, especially to a 'paper trader.' I'm somewhat of a stickler for...
  9. B

    KC Wheat/Chicago Wheat Spread Negative?

    You're welcome. I chuckled when I saw Jerry Gulke's name. I have no opinion on the quality of his analysis but there are a couple of guys on Twitter who swear he changes his recommended hedge positions from report to report to make it look like he was well-positioned for a move that just...
  10. B

    KC Wheat/Chicago Wheat Spread Negative?

    https://twitter.com/5thWave_tcronin - Former CHS (Cenex Harvest States) broker in Mpls-St Paul. Fairly young, but sharp. Recently returned to family farm in South Dakota. Writes mostly about grain. Also writes a free early a.m. note here: http://halocommodities.us/market-commentary/...
  11. B

    KC Wheat/Chicago Wheat Spread Negative?

    I think there's a big club of losers on this trade. Several people I follow on Twitter, including a couple of farmers and former cash grain traders for large companies, have also been whipped recently.
  12. B

    Ag trade ideas

    Generally, I'd say track the cash market basis at several key terminals and processors. Beware of market commentary unless you "know" and trust the analyst or broker who is being quoted. Often, they're just saying whatever is at the top of their head when Reuters, Bloomberg, et al call looking...
  13. B

    Trading Options as a business

    Ha! Never say never, but I have no idea how a new retail investor is going to find something to exploit in market/micro structure that more experienced and better capitalized individuals and firms haven't already tried.
  14. B

    Does IB Carry ICE Futures Canada Canola Contract?

    I think all of those are introducing brokers (IB). Cannon, for example, offers accounts through several FCMs, including GAIN and GAIN recently purchased Daniels Trading. You might have better luck going to the FCMs and finding out what products they offer and if it's better to do business with...
  15. B

    Trading Options as a business

    When people ridicule the "treat it like a business" and "I'm not going to speculate" comments, put on a thick skin and listen to what they're saying. At least three of the posters have a decade or two experience in options, and two of them (under different names), have written a huge amount of...
Back
Top