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    Using Options for Crash Insurance

    I trade futures (mostly ES and ER E-minis) and tend to hold positions overnight and on weekends. As a result, I’m concerned about the impact of some major piece of news that might occur when I’m asleep, or when the market is closed on a weekend. (think of what would happen to US markets if...
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    Options on Futures: Worth It?

    I'm interested in using options to hedge my overnight long positions in index futures. I'm thinking I'll probably stay naked for the short positions. I'm really just looking for disaster protection. I'd be interested in hearing how others do this, and how well it works. Currently I mostly...
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    What happened with the ER2 yesterday?

    Thanks to Pabst Prime's information, I was able to locate the following FAQ on this subject: http://www.cme.com/trading/prd/equity/fairvaluefaq.html I think this fair-value settlement process is the reason for the effect I noticed. Now that I know it happens every month, I'll be on the...
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    What happened with the ER2 yesterday?

    Hmm... that's interesting, I didn't know that. I think I will check into that a little more. Thanks.
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    What happened with the ER2 yesterday?

    I didn't think there was an after-hours yesterday, was there? (maybe that's what I'm missing!) Or are you talking about the 4:00 to 4:15 pm period? Anyhow, 772 was what was reported by both my broker (OX) and data source (Pinnacle). But 767 sounds more like it to me.
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    What happened with the ER2 yesterday?

    If I look at a chart of ER2 trading for yesterday, it looks like the March 08 contract was trading in a down slope for the last hour of the session, and should have closed around the 766 area. Yet the reported close was around 772, which is quite a difference. What am I missing here?
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