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Patefern, If that is what you believe that is fine. I spent 11 years trading Fixed Income Options for one of the most prestigious options market making groups and all I can say is be careful. Riskless

Patefern, I think you mean an OTM (out of the Money Put first) If it is deep in the money, it will be very expensive. Basically, in order to do the trade you suggest, it would make sense to buy a Put with a Delta of .20 or less. If the you close the hedge and create a Conversion, you...

PM me if you are interested in FFastTrade's rates. We start at $3.32 with bthe $550 per month charge and start tio disount at 10,000 lots per month. Look at our link on the Self employment thread. We provide all of our rate info, with a calculator to compare it with others. We also have...

If you can verify a good track record, give Jason Stratton a call at Falcon Trading. O'Connor clears his trades, he is backed by a very good group and they have a very good set up. I'll PM his cell phone number.

We get it through the Telephony connection. It is their most expensive offering I believe. I just went to the website and I think I will get the 10-year Squawk for my Training room.

Guys, X-Squawk cost about $800 a month for the S&P and another $600 a month to add the Nasdaq.. $1400 per month for both. They constantly yell out who is doing the selling or buying. You hear things like: 'Loius is trying to push the market down, he offering evens in 200" This is...

Marathon, The Handbook is definitely a Good Book for reference, but The Bond Basis Book by Terry Belton and Galen Burkhardt is another Bible for Bond traders. Riskless

Very well put! I agree completely!

The arb generates more overall volume and basically becomes a multiplier until the Market decides that the edge is smaller than the cost of doing business on two platforms. Right now the Arb is still creating more volume because there is still edge in it. Soon it will dissipate and the Floor...

Guys, I know for a fact that the CME, a publicly traded company does not want the tick size to change. The differences in the tick sizes creates a better arb opportunity for traders scalping between the two. (This is what made the product take off) The Arb traders (Electronic Traders) are...

Stock777, I put a disclaimer in my comment about 7.5 cents. read the post! I have never traded the SPY. Like I wrote, I think I got that right. He must have said 2.5 cents. I can only tell you that a SPY trader just signed up in my room and gave me that story. I'll say it again and if...

Try to find a book that also mentions the effect of Mortgage Backed securities on the Bond Futures market and the Bond Options market. Over the last several years Countrywide, Pimco and Bank of America have been huge players in the 10 Year options, which inevitably effect price action in the...

Not happening!

I think the best book I have ever read about Bond trading is The Bond Basis. It is written by Terry Belton and Galen Burkhardt. I traded Fixed Income Options for 11 years and it always came in handy. It explains the Curve, Cheapest to Deliver analysis and the basis in a great way.

Bloomberg and Telerate offer the DDE Link to the Cash market, but program is a simple Excel spreadsheet. I also believe that Bloomberg is developing this model as an add-on. The Fast Cash model takes all of the Stocks in the Index and assigns a mulitplier to them. It then calculates a Fair...

Jay, There is no doubt that a great deal Large futures traders use Cash as an indicator. There is a Fast Cash model that the screen traders use as verification that they are on the right side. I watch it every day and I would bet that if you see it in action, you will agree that Cash...

This is a very good question: I had a SPY and QQQ trader in my office yesterday and he is going to move to Futures for three very important reasons: 1. If he buys the SPY he needs to lift an offer. The Bid is going to be 7.5 cents lower.(I think I got this right) Therefore he says...

Jay, If you are getting quoted higher rates than IB at a prop firm then I would bet that the firms are not really set up as Prop. but just facilitators. If they quote you $4.80 round trip for minis then they are just trying to get the fees. Look for legitimate prop groups, who offer the...

5 people are currently attending the Seminar and it is going extremely well. 2 attendees have told me that it is the Best course that they have ever taken. This is very good news for Train2Trade. 1 seminar on February 8th is already sold out to Experienced floor traders from the S&P pit...

Cheeks, The biggest advantage to trading in a Prop group is that most prop groups are set up under a Non Clearing Member structure. They must own Seats to do this, but the structure allows the traders to get Member rates. The prop firms have to employ the traders and W2 them. The savings...