Recent content by FT79

yes, EOE they don't have the daily options. Spreads are fantastic incl. execution. You can easily move 200 contracts around midpoint.

Trading a portfolio of Theta games the DD and (Double) Calendar have a positive Vega, you make more money when the Vols go up. ATM Butterflies and Iron Condors have a negative Vega, you make more money when the Vols go down. DD and Iron Condor are more based on Probability, you expect the...

Not true

DD are not really for index products because the horizontal skew is not in your favor (your selling something cheap and buying something expensive). Check the Imp. volatilities of the DD strikes. both strategies will give you a higher return when IV rise but a Calendar is better to manage...

What kind of size is " required " to get descent fills (spreads). I thought 100 lots per leg was ok because it's approx. the average trade size for SPX. Could you give some tips to get a nice executions on SPX? with all the stories I have read it's rather difficult :D

ESTX50 and DAX options are traded on EUREX and they use First in, First out. Click on the link below and you'll find all the information you need EUREX http://www.eurexchange.com/trading/market_model_en.html

Could you give us more inside regarding trading SPX? I understand if you trade 10 lots or so the SPX is not market to trade but if I trade 100 per leg I'm an average SPX trader (the average contract per trade is around 90 for 2007). will I receive better quotes trading 200 or 300 lots per leg...

They also should change the multiplier of the DJ EuroStoxx50 future to 20 (incl. the options) so you get a bang for your buck. They won't do that because the revenues will drop with 50% :D

Why were they unsuccessful in breaking it up? Options are not developed by CBOE and the SPX is a benchmark developed by S&P. When in Holland the exchange moved from Open-Outcry to electronic trading more companies had easy access to the exchange with 2 advantages. (1) Spread went down...

Ok, thanks of all your posts. What I don't understand is the high volume in the SPX options with the circumstances you all mentioned. I want to move to the SPX because of many strikes available vs. DJ EuroStoxx50 (every 50 pionts a strike and trading around 3800 pionts, multiplier of 10). It's...

True but for every 1 SPX I have to trade 10 SPY's and SPX is European Style & Cash settlement

Hi All, I have been told if you trade 100 lots or more using combinations (verticals, diagonals, etc) you get a spread of around .10 when trading SP500-index options. Currently I’m not that big and trade the DJ EuroStoxx50-index (the SP500 of Europe) with about 30 till 50 lots per leg. In...

When scalping Bid/Ask spread is very important. A bad execution on ES will cost you 12.5 per contract. Trading more then 100 contract a day is 1250 per day. Why do you think DAX is so popular for scalpers. A "big" contract compared with spread. Traders finally move to ES, ZN, Bund, EuroStoxx50...

I'm from Europe and don't have the Tax burden you guys have. Also PDT is not an issue for me. I understand the Tax burden but still. 7.50 per RoundTurn / Per Contract is a lot. Daytrading around 40 contracts a day would mean you save $ 300 per day. Does the Tax advantage still goes saving this...