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If you don't want to use margin, you need cash. Buying 100 shares at $5 will require $500 in cash or equivalent margin. But, the others are right, just sell the call if coming up with the cash is a problem.

Anyone found a good pit (bonds and/or S&P 500) squawk box? I've tried: TradeTheNews - their S&P guys are pretty good, good quality audio, you can hear the pit in the background well. Only problem is that around 1pm, these guys are wiped out and start.. well... relaxing. That wouldn't be so...

Possibly a more interesting backtesting scenario is to refine option models to better fit the actual data. For example, there's a clear inverse correlation between IV on the S&P and the futures price. Creating a more accurate pricing model would seem valuable. On the other hand, I've seen...

Supposedly OptionVue can do backtesting, but I tried the demo for a while and didn't have much luck. I've seen systems based entirely on volatility. For example, there was a system in TASC magazine a while back (maybe it was ActiveTrader?) which would sell premium if the IV exceeded a moving...

You're not quite seeing what you think you are. In Level II, you're seeing the open orders at different levels on all exchanges. What you're seeing with options is the best quotes from regional exchanges. So, say you see 10 bid at .10 20 bid at .20 CBOE may be on the "inside bid" at .20...

One uses the Motif look-and-feel and the other uses Windows XP? I don't understand why the source of eSignal or DTN's data from CME would change the Look & Feel of the application?

Instead of trending markets, you may want to look at markets which actually have appreciable options volume. My first post (at the bottom of the page) has some good statistics on just that issue: http://foption.blogspot.com OJ's volume is about my lower limit on futures options. Beyond...

I don't use hypertrader, but I've been using DTN all day doing some post-close statistical analysis.

I think you stopped early. :-) http://www.elitetrader.com/vb/showthread.php?s=&threadid=72766&perpage=6&pagenumber=4 My comments are 3rd from the last on that page of the thread above.

http://www.elitetrader.com/vb/showthread.php?threadid=72766 Don't know about Neoticker though.

a sweet directory, and sweet thanks. How sweet!

You can only query tick history, so I don't believe there's any way to reconstruct bid/ask changes that occured without actual trades. (Unless you built that capability yourself from realtime data, in which case you could use DTN to save off level II data if you wanted)

Perhaps they meant through the software package you had chosen? Or are you writing your own apps? That data was gotten through a history query. Here's the first tick of the day for IBM on 8/7/06: 8/7/06 9:30 - Trade 100 @ 75.63, bid 75.63, ask 75.64

You're mistaken, bid and ask history is indeed available. The last 2 trades for IBM (gotten through DTN's history): 8/11/06 13:02 - 100 trade @ 75.41, bid 75.41, ask 75.42 8/11/06 13:02 - 400 trade @ 75.41, bid 75.40, ask 75.41

I admit I've not used eSignal, but I have been using IQfeed for about a year to trade both equity options and futures options. The only complaint about futures with IQfeed is their continuous contract support isn't quite there yet. If you're daytrading, this isn't a big deal (as you'll follow...

http://www.sonicfutures.com/ $6 per side, but I can't find much in the way of reviews on them. Anyone else?

Hey Danno, Just looking at your portfolio performance, I'm confused. If you turned $3k into $234k in 2 years, why couldn't you live off that? :-)

Were they both on CMGI, and both within a week of each other? :-) Ahh, the good old days of .coms...

Purely self-directed trading through an online platform of open outcry futures options.

I could use any recommendations for a discount open outcry futures options broker (CBOT ags, CME meats, NYBOT). I've already looked at the following: IB: Financials only (SPX, ED) Velocity: No futures options DT Futures: $7 each way "+ fees" RJ O'Brien: $7 each way I'm already paying...