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    Anybody trading Wheat ETF's

    I get plenty of good fills with market mini orders. It's a little more "click and pray" than sending limit orders, but in these wild markets, market orders have been fast and pretty good!
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    CFTC control of trader competitions

    Why would you think the CFTC would regulate a competition? You're not trading real contracts and you had no expectation that you would be trading real contracts. If you can point to the contest rules and show the contest organizer did not pay you, you might have a case for fraud, but that's...
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    Experts please advice if treasuries fall so what happens?

    You got the correct answer from Pabst. When you say "treasury falls", what are you talking about? The price, or the yield? If yield falls, it's bearish for the dollar, *unless* the other countries also having falling yields. If their yields are falling faster, it's bullish for the dollar...
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    ES and ER@ are limit down

    These are just the overnight limits of 5%. Trading will reopen tomorrow morning. http://www.cme.com/trading/prd/equity/pricelimits.html Grains are all limit down too.
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    Hoe to close fut position with fut option

    If you buy a put, and sell a call with the same strike price, you are synthetically short the futures. +1 Futures + 1 put -1 Call = Conversion (a pretty much risk free position equivalent to flat) http://www.theoptionsguide.com/conversion.aspx
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    A Fortune in Selling Naked Call Options (w/Martingale)

    This is spooky. "Megacaps" tend to be momentum plays. Selling a call after a 10% up move is only asking for trouble (Look at that MO chart as an example). One other thought--big up moves (especially after earnings) typically cause volatility to get crushed. You'll be selling volatility at...
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    A Fortune in Selling Naked Call Options (w/Martingale)

    I was about to post the MO example, and that was just off the top of my head. Surprise rate cuts would affect "mega caps" also. Look back at the period a few years back that caused the Nasdaq to pop 8% in one day. CSCO, MSFT, were all spiked.
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    A Fortune in Selling Naked Call Options (w/Martingale)

    Selling calls in a down market looks like an easy way to make money, just like selling puts in an up market. Whether price increases are as common as price decreases is left as an exercise to you. At first guess, I'd say the odds are pretty even. 1) Acquisition 2) FDA approval 3)...
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    10-year / 30-year spread

    The tick size has no impact on the proper ratio to spread bonds to match yield DV01.
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    10-year / 30-year spread

    Essentially the steps are: 1) Pick any bond which is eligible for delivery. (You should pick the Cheapest-to-Deliver, but Bloomberg's pay service is one of the few places that has that data. You can compute it yourself, but be prepared for several hours of work. Fortunately, CBOT publishes...
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    Globex Euro-Dollar Futures Options in IB

    They are short term options on the red, green, and gold contracts. So, you could buy a June '08 red mid-curve call. While the option expires in June '08, the futures contract it uses as an underlying is the June '09. IB's symbol for these is GE0, I think. This is a great source of...
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    Globex Euro-Dollar Futures Options in IB

    These are most likely mid-curve options. IB lists them as GE1, GE3, etc.
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    DATA FEED: Totally Shocked!!! Who Can You Trust???

    FWIW, Tradestation shows totally different volume numbers for the same period. 9:30 (eastern) - ~55k shares 9:31 (eastern) - ~84k shares Differences in regional exchange inclusion may account for major differences. Minor differences can be accounted for by the exact timing of when one...
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    Jim Rogers: Citigroup is a buy at $5

    Maybe. It might also mean: 1) A pairs trade became profitable 2) An offset occurred for tax reasons 3) A portfolio is being hedged 4) A beta-neutral trade was engineered 5) Gamma was being neutralized or a dozen other things. In any case, think about both sides of the transaction...
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    Jim Rogers: Citigroup is a buy at $5

    Let's say I've been riding the stock down for the last 50% price move as an "expert". I'm a little worried about a bounce here, so I buy calls to offset my huge net short position. Short stock + long call = long put Your expert is now synthetically buying puts by buying calls. In any...
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    Jim Rogers: Citigroup is a buy at $5

    Are they buying or selling these calls? Did they also trade stock at the same time? Did the price of the option move when they traded the calls (in other words, did they pound the bid?) Huge volume means nothing in these large caps. You simply don't know what the position was. Let's say...
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    Seasonal spreads

    All of the above. Technical analysis brings a trade to my attention, fundamental analysis gives me the confidence to stay in longer, and seasonal analysis helps keep me out of buying into a sucking downdraft. :-) Really, when I come up with an interesting trade (and it could be interesting...
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    Seasonal spreads

    I apologize if someone else has fielded this question. (And the last few weeks have seen some exciting fixed income activity, so the question may be moot anyway) I find it helps to think about someone managing a large portfolio of fixed income assets--with all sorts of maturities (30 yr, 10...
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    Seasonal spreads

    Do *not* try Man. Wow, what a terrible experience. If you're doing floor trades (or intermarket trades), you might get better from a floor broker. Otherwise, it's hard to beat knowing exactly what you're going to get filled at ahead of time with IB. Trading spreads with IB has worked great...
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    IQ data feed

    DTN is pretty clear--they do not filter anything they get from the exchange. It's very likely these ticks came from NYMEX itself. In any case, you should post to their support forum to make sure there isn't a systemic problem with DTN itself.
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