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Cost of selling at discount outweigh those of exercise?

Treat it like a zero coupon bond. If you want it to sell, you'll probably have to sell it at a discount to par.

Don't trade dry shippers?

Tradeking: $4.95/trade +.65/contract [No affiliation, other than a satisfied customer.]

Just received this from a friend on the floor: "G'day,the much awaited IEA long term forecast was released today & was pretty much as expected: because of the lack of investment, axacerbated by the current slump in prices, oil should be trading at $200 in nominal terms by 2030..but i think at...

Best, and most unfortunate quote by J.G.: “It’s laissez-faire until you get in deep shit."

According to the rep I just spoke with, they only charge to execute. Maybe the average # of cancels/repricings is worked into their commissions, but there is no outright cost.

ventrilo. hands down.

Tradeking has no such charge.

We'll test $50. After that, probably $30 by Z10.

Semantically - that's accurate. The Z (Dec) contract does expire in X (Nov), the 20th to be precise . WRT the original topic: I doubt we will see another $30 move caused by a short squeeze. Plenty of people learned and/or got killed from the V contract that no one wants to be in that...

Good question. Wish I knew. I never ICE clear options. I don't think anyone wants to make live markets these days, especially on the screen.

Really depends if they were buying American/Euro options, brent, or APOs. APOs are typically more expensive on a relative scale. When CL was back north of $130, my shop was hedging small time producers w/ $90 APO floors out through Z10 for average $3.50/ea. Now look at them. Edit: After...

Not as many colors in the otc mrkts as there are in the E$ pits. We typically only say red, everything else is quoted by year.

That tells me they were just buying puts. Why would they sell the outright and risk a price increase?

c'mon taggart. stop pointing out the obvious.

oh hai.

Buy a put, sell a call spread - do the whole trade at flat. Can't eliminate time decay.

Market making

Friend telling me the ng spreads were really active over night. Attributes the move to one fund moving size. Majority lifting; very few bids getting hit.