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    Odd Lots?

    To throw in some more data, I've seen this behavior at all the exchanges, not just the maligned PHLX and AMEX. Namely, just to confirm what may be obvious to you seasoned traders, I often set the new best bid or ask with a limit order for a particular option contract, and several interesting...
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    CME CSI Housing futures & options

    I do like and trade ES to hedge my stocks. I am interested in this CSI index to hedge my house. They seem to have put some effort into tying it to housing indices in 10 different markets that go back more than 10 years. They're having a launch party on March 21st; I guess it will be out in...
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    CME CSI Housing futures & options

    Judging from the lack of response, nobody on this futures board has the slightest interest in these. At the end of 2004, U.S. residential real estate was worth $18.6 trillion—more than the entire stock market. And we can use these futures to hedge, not just to speculate. If anyone can...
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    CME CSI Housing futures & options

    Anyone else find these house price index futures intriguing? http://www.cme.com/trading/prd/env/housingover16250.html Supposed to come out in 2Q06; they say April. Introductory Term Sheet at http://www.cme.com/files/CmeCsiHousingIntroTermSheet.pdf I'm a little new to futures; have an...
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    Question on a covered call going the wrong way

    It sounds then like you understand that writing a covered call is basically identical to writing a naked put. (Don't tell your broker though).
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    Question on a covered call going the wrong way

    I've been wading through McMillan's Options as a Strategic Investment, and on page 773 (in the chapter Strategy Considerations - Using the "Greeks") he said something interesting: "Refer back to the table of strategies at the beginning of this section. Notice that ratio writing or straddle...
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    IB IRA Margin Account?

    I've been wading through McMillan's Options as a Strategic Investment, and on page 773 (in the chapter Strategy Considerations - Using the "Greeks") he said something interesting: "Refer back to the table of strategies at the beginning of this section. Notice that ratio writing or straddle...
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    IB Suggestions & Improvements

    AFAIK, they only support the current version, the previous version, and maybe one more back. In January they had 2 releases. Once you hit the last release you have no choice but to upgrade. Why can't they have the discipline to schedule their releases e.g. February/ May/ August/ November 15th so...
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    Does IB take responsibility? An amazing story

    That's luh3417. My partner, thx1138 is also waiting to hear from the whiners about the other brokers that 1. charge less 2. impose less margin requirements 3. are active on this forum. My point is that there probably are none. Which to me indicates that that is the reality of the market and...
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    IB Suggestions & Improvements

    Suggestions: 1. Commit to a regular schedule of quarterly updates to TWS, rather than springing them on us willy nilly. In my experience in the computer industry, randomly scheduled updates might be OK for beta software, but are unacceptable for actual released products. Particularly in the...
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    IB IRA Margin Account?

    Yes, really the IRA margin account just removes the 3 day clearing. It does not let you borrow as one might think from the word margin. Apparently the SEC prohibits that. I have that margin account and it clears every night. What I wish they'd add is: allow (partial) transfers from...
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    Does IB take responsibility? An amazing story

    Those of you who are still whining about IB: please inform us of the better broker you use. Tell us their policies and their rates. I'm waiting, but not holding my breath. I'm also curious which of the other 50 direct access brokers listed on elitetader has the balls to come into a public...
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    Question on a covered call going the wrong way

    Norman, what is your reaction to the idea of: you sell some naked puts on INFY? How would you feel about this strategy vs. your strategy of covered calls... I would also refer you to the recent poll about the best options exchange.
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    Does IB take responsibility? An amazing story

    I'd still like to hear an explanation, for the specific questions I raised a week ago, above. Did you ever look at the "View Account" window before this problem started? Did you use the "liquidate last" feature? Can you tell us the exact positions you held? Did your entire account...
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    Odd Lots?

    I see the commission was 75 cents a contract. So you did use SMART, and lucked into to getting BOX? And then at BOX you were in turn lucky enough to get price improvement? (BOX says on their web site they succeed in doing it 50% of the time) So you saved $6.00 via the 2 cent BOX price...
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    Odd Lots?

    I'm not complaining either, but I'd point out that you can already exclude BOX and/or AMEX in TWS and its still called SMART. Surely anyone who tweaks this option understands what they're doing and just wants a little more control over SMART. We are still however faced a contradiction...
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    Odd Lots?

    def, appreciate it. From last week I just have memories of the majority of my orders getting routed to PHLX, and some of them locking the market, while I sit there not getting filled. Next week I will keep more careful notes and PM you with any specific examples. PS Hoi noted that IB does...
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    Best Options Exchange (Poll)

    Its the "golden rule"... The people with the gold make the rules! I'm a US citizen but residing in Asia. I'll see if that is acceptable to the market makers and the SEC...
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    Best Options Exchange (Poll)

    Hoi: Intriguing. Do any of the direct access brokers reviewed at elite trader give us access to LIFFE-FTA or KOSPI? I'd also like to see is penny pricing, but I think PSE dropped that after they got bought, and BOX is as close as it gets. Surely the US Market Makers hate the idea too, even...
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    Odd Lots?

    We need to define "get the best price". I think in my cases, all the exchanges offered the same bid ask spreads. The issue really becomes, "getting the best execution". As people at this thread http://www.elitetrader.com/vb/showthread.php?s=&postid=979764#post979764 have pointed out, not one...
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