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Very true, and the tariff applies not only to sugar based ethanol, but to sugar in general, hence the existence of the dual contracts (#11 world, and #14 domestic) on the NYBOT. The US sugar price has been a multiple of that of the world price for years due to lobbying by the corn producing...

Yes the electronic options will be American style....the NYMEX offers European style as well as Asian but they trade only on Clearport (OTC). The fact that you will be able to trade options on Globex will not affect the Cleaport system. Too soon to tell, but I am certainly hopeful that trading...

Yeah they won't be able to take us for a ride on the way in and the way out anymore like has been the practice up to now. I'm sure the bid/offer will indeed be wide on the screen, but I loathe the options market makers so much that it will be nice to be able to execute for oneself, and to do it...

You don't have to worry about physical delivery in energies unless you fail to cover your position by the last trading day. As long as you get out by 2:30 PM Eastern on the last day, delivery is not an issue in energies. For the NGN7 July contract that day is June 27th...

These assumptions are very unlikely to hold true. You're talking about a commodity with extreme volatility, so price returning to normal every 12 months would be very unlikely, and you certainly cannot assume that the market will always be in contango. If I understand correctly you are trying...

Yeah it does that...the whole complex turned on a dime at 1:53....and it does that too, in different directions at different times. Sometimes the moves are a lot wilder than today. I checked Reuters and there was no news, although they credit RBOB with leading the charge "amid supply...

Yes, you understand correctly about how contango affects storage...you can buy in the cash market, put the product in storage and sell futures a month or more out and make money. As far as the band snapping goes one would intuitively think that would be the case, but the crude market has been...

I did...and while it is more complete of an explanation than mine, I don't believe I'm wrong...unless I am missing something. What is your assertion, that futures aren't zero sum, or that the cash market is?

Futures itself is a zero sum game. For every dollar made there has to be a dollar lost. What happens in the cash market is not important to the fact that futures are zero sum, and the futures market does not always reflect cash prices as accurately as you would expect. Every time you buy a...

The cost of carry is roughly 50 cents, so a 2 dollar spread means that the back is trading at a significant premium, partially due to the glut of oil at the delivery point in Cushing and partly due to the fear of what the future holds (among other variables as well undoubtedly). The trading of...

Check the screen name of the guy you are insulting....I don't think he needs to post any blotter.

The price is $138.00/$143.95 which is a per pound price, so the contract size is $138/lb. * 250 lbs. = $34,500 http://www.nymex.com/UX_spec.aspx

Initial margin for non-members for CL is indeed $4,050 (I assume this is what you mean by performance bond, although I have never heard it called that)...but sometimes the clearing firm or introducing broker (IB in my world, but on this site IB seems to be synonymous with Interactive Brokers)...

You don't have to buy, you can lease: http://www.nymex.com/ss_nymex_lease.aspx

Not sure why the volume isn't accurate on their site (haven't checked it), but if it's wrong it's not the only place that lists bunk data. As far as size in the energies on the screen, they are all very liquid throughout the regular session and crude has pretty good volume all of the time...

Well I stand corrected, the UX future will trade on the Globex platform and will also be available on Clearport. I spoke with NYMEX Marketing yesterday and was informed that the NY Post article that stated otherwise (link below) was incorrect and that the Uranium will be trading on Globex and...

I am a newbie and would like to discuss selling puts for a living....I hear the Chinese coffee market is going to take off and would like to participate. Again, I am a newbie to options and although I do have some experience trading the ES (e-mini is redundant) I know little of options. I have...

Perhaps the numbers you are seeing aren't updated, honestly I don't know, but the figures are roughly 80% of the volume is done on CME Globex and the remaining 20% or so is done in the pit, primarily spreads and back months. An interesting note is that the uranium contract that begins trading...

I too received an economics degree, but it was a BA and not a BS. The BS degree in Econ was just being established when I was finishing up, and while one of my professors encouraged me to be a guinea pig for it, it would have involved petitioning and so I did not go with it. I find the...

Fitting time to start such a thread only to have the market take off inexplicably the next day. Many of the posters have made very good points, and I am well aware that there doesn't have to be any fundamental reason for markets to move, but it feels better when you can put some logic behind...