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    Options on Non-US indices

    IB wants a "ton of money"? Most fees are exchange fees which they are passing along. That aside, Korea, Hong Kong, Singapore, Sydney, and Euronext are all free. That sounds pretty "global" and pretty "ton free" to me. There are some simple options: look at foreign index ETFs traded on US...
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    Good futures firm

    In general, I disliked any of the brokers that did not disclose their rates. Lind-Waldock gave me $6 rt without negotiation and with relatively low volume. Man gave me a little better with some negotiation. OpenECry and the others wanted $10-$25. These numbers are big. If your average profit...
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    zero sum game?????????????

    You're so busy arguing with everyone, that now you're arguing with people who agree with you.
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    zero sum game?????????????

    I don't know why you quoted me. The argument at the time was about wealth creation. I was pointing out that the futures market is not zero sum when you include the cash market, much like the stock market is not zero sum when you include the company that sold the stock in the first place. The...
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    Good futures firm

    Do you want someone looking over your shoulder? There are a variety of firms which will assign a broker to you that you can call and chat with. Lind-Waldock seemed nice with reasonable commissions. I wouldn't recommend Man. (Yeah, the irony is that Lind and Man are the same company) If you...
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    zero sum game?????????????

    "Opportunity loss"? The point whitster is trying to make is that in the futures market there must exist an equivalent number of two states: long short In the stock market, there may not be any shorts at all. None. The company sold their shares and everyone else bought them. The company...
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    zero sum game?????????????

    For this to be a fair statement about futures, you have to ignore hedging. Commercials sell huge numbers of corn contracts, for example. Speculators tend to buy corn contracts. The commercials don't lose money when the price of corn goes up because they are long the physical commodity at the...
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    Will buy 1 call and sell 1 put completely eliminate volatility?

    Compare that to buying 100 SPY shares and not earning interest on 13,800 for the next few weeks. Calls are always more expensive than puts for that reason. You're only tying up $150 rather than nearly $14,000. This is the cost of carry. Risk Free rate is 5.4% (Eurodollars). I'm assuming...
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    NFLD... LEAP Covered Call Play

    With IV's near 200%, theocracy may be required!
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    Futures options liquidity issues

    It has nothing to do with what she gains or what you gain. For all CBOT/CME knows, you and Rosy have a side agreement where you will incur no losses on options sold to her in an effort to drive down volatility. I'm not saying Rosy is a great threat to mankind, only that by communicating with...
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    Futures options liquidity issues

    This arrangement is pretty innocent. At the same time, someone advertising in many public forums many times, "Let's break the law together, IM me for more details" will eventually draw the attention of someone at the CFTC or SEC. Since trading is about as anonymous as Internet usage, it...
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    Futures options liquidity issues

    The rule first appeared in the 1930s. It became popular in the '20s to form "investment clubs" which would run up the price of stocks by buying from each other within the club (one member sells short to another member who goes long). Essentially, the transactions were risk free for the club, but...
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    Futures options liquidity issues

    Of course. Everyone knows the government's primary job is to save the citizenry from their own stupidity. Thank goodness the US banned online gambling! Finally someone was thinking about the children. It's also illegal to place both a bid and an ask on the same contract at both CBOT and CME...
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    Futures options liquidity issues

    In the US, at least, such pre-arranged trades are illegal. https://www.interactivebrokers.com/Universal/servlet/Registration.formSampleView?ad=noticePreArrangedFuturesTrading.html http://www.cme.com/files/20040726S-4119a.pdf http://www.cbot.com/cbot/pub/cont_detail/0,3206,931+32351,00.html
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    Futures options liquidity issues

    I've heard much about KOSPI options, but they are currently unavailable to US citizens, so I haven't looked at them in any depth. Good luck!
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    Futures options liquidity issues

    I've had pretty good luck with back months on electronic bonds. I can at least go back 2 months beyond the front in general. If you really want long term, you should take a look at Eurodollars. There's a pretty liquid market for 1 and 2 yr mid-curves. Otherwise, if you stick to the...
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    Early assignment

    Having an extra month to expiration is irrelevant if any of the issues I mentioned in my previous post are true.
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    Bond Options Close

    http://cbotdataexchange.if5.com/Markets.aspx?symbol=ZB/F.XCBT I think you need to pay a few bucks to download.
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    Futures options liquidity issues

    There's practically no activity in the back months of Gold options at all. I show January '07 has a total open interest (all strikes) of around 15 options. Feb is slightly better, but not much (100 options OI). This is common with futures options--the underlying contract may not be very...
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    Futures options liquidity issues

    What contract month are you looking at? I show bids on pretty much every ZG Nov option up to 685 and down to 565. The spreads aren't super, but they're not horrible. Try getting a fill somewhere near the midpoint and see what happens. I've found some markets will get you fills pretty...
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