Search results

Any easy way to flatten out a bunch of offsetting QM/CL (2 long x 1 short) positions through IB without incurring leg risk?

Apparently the answer is yes, the Globex Control Center can adjust a long trade > than your limit price as crazy as it sounds. Cost me several hundred dollars on an order that would have filled normally AT my limit price (a few hours later) if some shithead didn't fat finger the QM down a...

Is there any webpage or way to find out straight from Globex whether these trades were adjusted or busted? I was on the good end of the spike, and had a resting buy limit order adjusted ABOVE my limit price (this is a first). Can they do this, and how can I find out if my broker is...

Anybody know if it's possible to get a historical snapshot of the Globex DOM (5 deep) for ES at a particular time, preferably without costing a fortune?

Group plan or individual? Individual rates for HMO plans in New York are some of the most hideous in the country due to guaranteed coverage underwriting rules: http://www.ins.state.ny.us/hmorates/html/hmonewyo.htm

Anyone see this character buy them at 118.25 yesterday and sell at 121 this morning? Puts the whole order out there! Why is someone trading 1000 QM's from a commission standpoint? Is it some way to get around position limits?

Several rumors floating around today of forced liquidation in energy from large hedge/trend funds, anyone know who the players are?

Or it could be a very big opportunity to buy oil and sell stocks, we'll know in a few hours.

Yes, but there are rules. The subtle difference here being they held a 3rd party to execute their market on close order on an artificially marked close. I agree it's a bullshit case being trumped up due to the speculator witch hunt, but CFTC is well within their bounds to enforce it.

B1S2 - Slightly off topic, but since it's very relevant for stock indices, would you be kind enough to share your technical assessment of crude on a daily and weekly timeframe? Have the typical turtle and donchian stops been hit for long term trend followers on energy?

They would basically submit a market on close order to buy 10,000 CL's guaranteed on the last tick, then short the piss out of the market in the last 60 seconds to artificially mark the last tick as low as possible locking in a profit. It's basically a routine CFTC enforcement action against...

"The CFTC said the firm attempted to 'bang the close' by amassing large positions just before markets closed, forcing prices up, then selling them quickly, driving down prices and pocketing the difference." http://money.cnn.com/2008/07/24/markets/cftc/?postversion=2008072411 Sounds like a...

Full text here: http://thomas.loc.gov/cgi-bin/bdquery/z?d110:S3268:

Front month ATM's to about 2 strikes out are probably the most liquid electronic option market that exists anywhere.

Anyone have a link to historical data of how CL near month spreads behave around expiration? I'm specifically interested in contango situations following a significant break like we've seen the last week. AUG-SEP was trading at about a 60 cent debit going out on the close.

Invest 94 has to thread the Yucatan Channel, otherwise it will get shredded up into nothing more than a big thunderstorm. Don't disagree the energy complex is ripe for a bounce for other reasons.

$131, should be rangebound $127-135 for a week You need steel balls to short it <$130, Mideast talk is cheap, they're not going to be singing kumbaya anytime soon: http://apnews.myway.com/article/20080719/D920T4AG1.html http://www.wunderground.com/tropical/tracking/at200894_model.html

Now they're net bearish at $129, you can't make this stuff up. "Ten of 22 analysts surveyed by Bloomberg News, or 45 percent, said prices will fall through July 25. Seven of the respondents, or 32 percent, said oil will rise and five forecast little change. Last week 63 percent said futures...

Right, but they're not triggered until it trades at your stop price so you still have the problem I described. Is there an IB option to trigger based on the bid/ask touching your stop price for GLOBEX based contracts?

Hi Austin - You may come close to the limit, but it's very user/setup specific. Best idea is to get one of these tools and measure your use for a day or two: http://www.techsupportalert.com/best-free-download-upload-meter.htm It may all be moot anyway, make sure you're happy with the...