Recent content by Sucat

darp - ever try talking to IB about the rates? Maybe some back office people can give you a more clear answer or let you know why its so messed up. I would love to hear why if you figure it out.

I do not. But I respect and trust the management as I worked with them previously. In this business, trust can be more valuable than a particular piece of software.

I'll second this. I traded for over 10 years with a prop firm that offered great leverage during the day and overnight. Iirc, owners of the firm had their own assets in to back up bigger positions from smaller traders overnight. So my $25k account holding $100k+ of some boring stock was...

Thanks drm7, I will look into that as a solution.

Thanks. All things being equal (no contango or backwardation,i.e. flat rollover each month), the cost of a USO 12% OTM 3 months out is about 1% more than buying the WTI futures oil call. So is it a bit lazy and sloppy for me to use USO calls over WTI futures. Appreciate the help here.

IB has a similar order ticket where I can pair it with something but what I'm trying to do is a bit more advanced. I need it to all be sent out from my excel sheet and the orders have to sit on their respective bid (for a buy) or offer (for a sell). If the market moves a penny away from either...

Yeah I am aware of the tracking problem in the long term. I'm talking more about options that are 2-3 months. For example, lets say oil is $50 and USO is $10. How would would a WTI contract 3 months out for $55 cost (10% higher) compared to buying a USO Call option at $11 3 months out? I...

Is it Realtick Pro with the API and order scripting feature? Does that work with excel? And in general, do you know how difficult is it to learn how to program a simple pair trading program on that? For example, if I wanted to buy 100 shares of DIA and short 100 shares of QQQ for every 1% it...

Have you ever looked into the numbers and seen the % difference between someone trying to buy USO 3-6 months out with an out of the money call option and compared it to WTI contracts 3-6 months that are at similar WTI prices out of the money? I know the spreads for USO options are pretty...

I am on interactive brokers. My current code sends out the orders but can't adjust based on one order getting filled. They are simple limit orders. And you can imagine getting stubborn missing something by a penny one side and refusing to adjust manually only to lose 10c or much more later on.

I do a bit of pair trading and currently my setup sends out orders (bid or ask) when I recognize a setup. I used to try to buy on the bid and sell on the offer and if the market moved I would manually change the order and chase the stock. However, sometimes it cost me more than a few pennies...

I was wondering if using USO options is inefficient in comparison to buying WTI futures directly? Currently, I use USO for all my oil trading as I have never traded futures. But what I'm worried is that when buying USO call options that I'm overpaying. I use interactive brokers so it wouldn't...

I googled for a while but could not find Universa's returns anywhere. I'm sure an investor would have to leak it for it to be known. All we know is that they are up big on down days but probably have bled money during these up years considering they said the market was overvalued 50% before it...