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The CME is working on getting certain (additional) spread functionality into GLOBEX, at first it looks to be “high-volume, traditional pit” type spreads such as the treasury futures tail spreads that were the uproar a few months ago. This is slated to become active August 16 (for trade date...

That’s very true, and meteorologists are expecting a strong occurrence this year, something the market hasn’t needed to deal with since 1997-98. The big money question is however, how much is already priced in, and how strong will El Nino actually turn out to be. Ideally, a market with high...

Update, I received feedback on the ticket this afternoon that my issue was fixed in the latest TWS beta build available off the website – Build 951.0u, Jul 8, 2015 3:11:31 PM. I confirmed back that the issue was not fixed, when “Hide complex positions” is set I am unable to see my current...

So volatility (as determined by option prices) is actually about 10% higher this summer compared to one year ago (it was about 30% during summer 2014 vs. about 40% right now). If you’re talking about during the winter months, yes, NG will almost always be very volatile, both in option...

I would be careful, since it seems your expertise is in the energies. I also trade energies, mostly NG, but as a Canadian I can tell you the correlation can get severely disjointed. For example tomorrow mornings employment report, equivalent to the US NFP – most economists in this country are...

Yeah, most equity benchmarks that are open now, and those that are not but have futures open are rallying (at least off the bottom). The PBOC and the securities regulator released a new batch of “measures” to stabilize the market. Honestly, it doesn’t matter what I think, but I consider this...

That’s correct, the SPX options sit in your “securities” account and ES options (and ES future) sit in your “commodities” account. The SEC regulates the first, the CFTC the latter. Even if they do cross margin at some point, they settle on technically different things – the SPX uses the...

The SGX was in discussion with the China Securities Regulatory Commission (CSRC) in January this year with regards to when it can start listing options on the futures. Obviously, the SGX wants this to happen ASAP. However, with all the recent developments coming from the CSRC, I highly doubt...

Yes, You’re getting the idea. I go 1:1 on my CALLs, but that’s because I choose to also do the same on the PUT side, which traditionally has not been a problem – but again, this is to protect against the unexpected so you never know. I wouldn’t naturally profit on a spike, unless I buy back...

Have you ever considered spending a small percentage of the total credit (premium) on buying “units”? Units are very inexpensive options (normally PUTs in equity) purchased in the front-month that go bid in the event of a rapid (semi-black swan) down move. One of my core short option positions...

Despite its known shortcomings, do you use any widely used risk metric like Value at Risk (VaR) or Expected Shortfall (ES) on your position (portfolio)? One could consider this a sort of back test, more so if you’re using the historical method of calculating it. If not, you should see its...

My advice, and this is probably better than most will give without trolling you to death is to spend some money and back test this strategy. I’m not huge on back testing, however I find that if it failed in the past, it’s going to fail in the future. If it breaks even, it’s not worth it, and...

SPAN margin is more lenient (efficient – lower BPR) compared to not only Reg-T but also Portfolio Margin. Furthermore, this is not only the case for short (naked) strategies, but for defined risk strategies too. SPAN margin can (and most likely will) be recalculated not only daily but as the...

The biggest edge you can get in this market is remembering that the underlying (so not the future itself, but what it tracks) is driven by 90% retail customer trading, this is above the Chinese historical average of 80% - which itself is very high for market standards. This isn’t semi-pro...

I remember a while ago the SGX submitted an application (not sure to who, probably the regulators) for FOPs on this future. I haven’t heard about it since, but since that point with the reduced tick size (2.50 vs 5.00) and the crazy mainland speculation the volume has exploded. So has the...

I see, interesting. It appears SMART orders are possibly treated differently for futures and FOPs, and also possibly treated differently between futures (and FOP) exchanges, for example the SGX does not have a native FOP spread order book so it’s only SMART. If this is the case, all the more...

It won’t reject or throw an error, the order just sits on IB servers and not the exchanges. If something for example is 20 bid and 26 offer and you place an order at midpoint (23) IB will wait until either the posted bid or offer (depending on buy or sell order) shows 23 and its hit. The native...

hajimow, Yes I can, however, might as well get the issue fixed since it appears I’m one of (or the) first to have found it. ktm, The screen posted is the “classic” TWS ticker row, I just customized it from its default, for example the number directly left of the current position is the option...

I’ve received a response back from IB – I was rather disappointed but it’s a start and I can move forward with my reply. The response below; The “Complex Position” display you are seeing is a new feature in theTWS Latest / Mosaic 950.2 version. You can edit the Ticker Row back to the old...

i960, Yes, I opened one earlier today. ktm, I will keep you posted on how the ticket progresses. I agree, what I also noticed, that was also unfortunate is that “TWS Previous Version” links to a batch file that specifies a directly that the installer never creates (at least on my system)...