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very nice trading Mr Pink!

So...heard today that "they" will start opening SPX and VIX options for trade at 1AM Eastern. Does this mean that you can trade the SPX (expiring) options the morning of SET or will Thurs Close be the last trade?

SPX is not for the beginner/retail...do ES options the biggest problem with the original thought is that you are risking a heck of a lot for a very little. yes you are "somewhat" protected with butterfly but just try and close one when you need to...GL There are no MAGIC...

At least with the ES I've never had a problem getting a fill...even those way OTM..perhaps because ES is all electronic.dunno

those SOB's...nothing like complicating a product...here I thought I'd read so carefully!!!...different procedures for the Weekly, Serial Monthly and Quarterly Monthly.....never ...never...never let that quarterly short go uncovered!!!!!

http://www.cmegroup.com/trading/equity-index/us-index/e-mini-sandp500_contractSpecs_options.html#prodType=WK1 so they are settled into the SOQ....interesting...I do pretty much regularly close my short contracts on the Quarterly...the Serial don't do that so they can usually ride. any whoo in...

no...it is not. ESH4 settled no higher than 1882...SPX set was 93ish. The settlement rules for the quarterly ES options are quite different than for the SPX read the product info from the CME edit...I do take that back...looks like your right the March is showing 1893.30... the quarterlies...

Luis...agree it was a crazy settlement...its been a long time since it was that far out of whack. When I was trading SPX I got burned a number of times with this type of bogus SET number, I truely believe something is fishy about the whole SET business. That is why I switched to futures...

NQ's seem to be the weak sister, so chop or down...why is AAPL down so much?

Nice trading there ILO..however if we do close (March) ES 67 tomorrow am, my guess is down at least next week....continued volatility. Just can't "see" good reasons to be above 1900... too much overall economic/world risk. Short both puts and calls right now carrying -100 deltas.

yes.... so if you are a pauper don't do it. His strat is fine because he doesn't mind owning and can afford to own the ETF.

Call .......I'm not the person to ask about margin calculations on futures the maths are way over my head. When you buy puts/calls your biggest risk is theta/gamma so as you get closer to expiration this will be the issue. If you are going to buy then I would trade more directionally (either...

1. Most major brokers offer FOP some smaller ones don't. Margins are tricky..re-evaluated daily so if you have a losing position the loss is basically ADDED to the overnight margin so you can build a neg margin issue in a very short order. TOS doesn't auto liquidate don't know about other...

................................you are welcome..................... at least I didn't buy the high tick:eek: flattened a bit this morning by going short the June so will try and manage to make some ticks next week on the respective exits...GL to all and have a nice weekend

Well I personally took one for the team and bought 77...don't think we will see that again this week...you can thank me Friday.

Agree totally...you can have glitches and good customer service or smooth operation and lousy customer service but to have BAD glitches and LOUSY customer service would be the end of a relationship for me. I sometimes think IB actually takes pride in their lousy customer service!

Not double down. You assured a loss on the trade. A vertical is already limited on risk, you can close it if you are wrong, which you did.....you just can't save it. I'm a bit more conservative...would have just sold the 7 or 8 put ( if bullish) then kept rolling out until right.

Yes....minus the slippage and commission to close

Curious to know how you reach 700? When gold was lower you were saying 1000 . The q on the thread is 2014 so you believe gold will trade 30% lower than your low prediction of 1000 in 2014 . GL with that.

I like to throw on a fly whenever we get a spike in vol....but it's all in the management Of it...as to whether it makes money, definitely not an income strat in my book.