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Phil, if you are trying to offset your IC when a big move happens wouldn't it be easier to buy an ATM straddle for every 3-4 spreads u sold instead of unwinding the spread itself. Cheaper commish and less vig. In addition, much easier to take off hedge when things settle down?

If my analysis is pretty close, why would then, anyone trade spy options or even spx options for that matter. Advantages of e mini over equities have been discussed at length here , I would guess the same argument goes for spy options vs. emini options.ease of hesging, SPan,etc.

Should'nt these questions be directed to tech help at genesis. Serge ..anyone from Genesis ?

I noticed that the ES options spreads have dramatically decreased past 2 weeks. Last time I looked at it was 6 months ago. Now idue to Span margins it seems as good to trade vs. SPY options which are a nickel wide. HEre is how I came to the conclusion. SPy $125*100 shares=$12500 ES =...

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Hi. Been trying out Laser and its excel link and was wondering if the Genesis experts can help me out. I need to get open positions into Excel. I can't find it on the video manuals and their sample XL workbook has a sheet called quotes with data fields in there such as open,hi,lo,last,etc. How...

Phil, enjoy your thread. Could you please tell me why you initiate there positions using the SPX and not the e mini. I looked at the spread during the day and it did not seem to be too wide. Wouldnt you get better margin there due to SPAN? Thanks One other thing, have you thought of doing it in...

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Hi . This is probably a very basic question judging from the expertise of the posters on this thread which is why I am raising it here. I have programmed auto trading systems in REDI and Sterling using activeX order objects and events to capture order cancellation, fills,etc. It would be...

Coolweb, interesting post. Are you trying to imply that a trader would be better off developing a system even to the point of automating such (i.e. API trading) rather than rely on just his senses to read market action?

I agree with arbprofit. This would make the order deck of the specialist thinner since the subset of the OO crowd that uses the imbalance information as an indicator would not be there. This could make for higher risk/reward trades. The curious thing is what precipitated this rule. Is the...

Does that affect the way OO orders are handled? I always thought the O O's were based primarily in SP fair value,etc and the imbalances play only some part in the order entries?

The news that prompted a halt in Celgene has been resolved about 30 min ago. The FDA decision came out. How come CELG is still halted? Thanks

Give me a PM. I might have a suggestion.

sep/oct calendars

If you believe in the wisdom of the marketplace as evidenced by the implieds in the MRK options, mrk has a slim to none chance of ever getting to 30 in 30-40 days. I have to put on this spread holding my nose. Hope it works.

My best guess is that that nov option has something embedded in it that makes it prices way off the vol surface, either it is related to a special dividend, or the contract does not deliver the usual 100 shares.I've seen it once in the QQQQ when MSFT declared that huge div. Unless you know the...

Thanks cj, will try that tomorrow. I was able to simulate a timer in Excel , kinda doing a recursive call to itself using the ontime method. The problem happens when you want the timer to stop NOW and since it is recursive, it will stop 1 loop AFTER you say stop. And that extra loop is when my...

Thanks for the suggest. Will try it. Problem with DDE programming is that it works fine at night when the mkts are closed, it gets the price for 50 tickers and since mkt is closed it only updates 50 times. Now trading begins and the faults show up since all 50 have last prices coming in like...

I have a sheet which computes options statistics. I need to download underlying last price so I use Excel DDE from mytrack and/or esignal. I have cells which has the formula for bringing in data like. =IBM!last. It works but the problem starts when I need to clear cell(s) in order to free up...