Recent content by Victory5

Hi all, I've been using the IB booktrader a lot for my futures trades and while its not close to what TT offers, its passable for what i'm trying to do. However, i've been unable to find a way to get icebergs to work properly. I see options to add a disclosed size in the order management...

Exactly. And they're trading (at least over the past few weeks) with a massive premium to the spot and the fact that contango between the front months is so high you are likely to see similar price activity in front month futures for the foreseeable future.

Great thanks for your response, that helps a lot.

Hi all. Got accepted into a fairly reputable prop firm in Chicago out of undergrad and I was poking around online and saw that the Series 57 (previously 56?) seemed like it was mandatory for traders. The firm has told us there will be an introductory training program for the first few months we...

This is just how math works...not sure what the confusion is. If you don't understand the relationship between the two just look at their respective charts. Vol decay is real and something people should be aware of.

VIX products were relatively muted yesterday relative to equities because the VIX itself was relatively quiet. Front month futures were bidding close to (albeit slightly under) the spot which was basically flat. So there was nothing to move either VXX or XIV yesterday (no VIX move, no large...

Probably just a VIXUP/DN redux

What is this nonsense.

You'll often get some weird action in the first few minutes with even moderately or heavily traded options. Getting a good fill is incredibly important with option trading so unless you have a really good reason to get in, always wait until you can accurately gauge where you're going to get...

Eh, I think 10 is really the absolute floor for the VIX. You had futures bidding in the low teens in 2014 and i think VRO in July of 2014 was around 12 or so. In anything but the absolute lowest vol environments, 15 is probably going to provide some form of support but futures can certainly be...

I've watched options closely on their day of expiration and, as I think most would expect, there is a huge change from the morning to evening. OTM options will get killed in the afternoon and anything too far out of the money, even in the most liquid markets, probably wont have a bid by 2-3...

Yet does that produce different trading patterns in how futures are bid in relation to the spot?

Hmm...so you wouldn't be inclined to draw anything from any type of reanalysis done pre 2009? The trend is certainly pronounced so there is a valid argument to be made there.