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  1. Q

    Rookie needs help...

    When will the October futures start trading instead of the September? Is it like options... the first day after expiration. Or is it before that? Thanks, :)
  2. Q

    Crazy Names for Complex Options

    What are the componets though?? :)
  3. Q

    Crazy Names for Complex Options

    What is a "STUPID"?? I am afraid to ask... :)
  4. Q

    Crazy Names for Complex Options

    I do not think it was ever announced in a pit... but I heard someone hear say it once. :)
  5. Q

    Crazy Names for Complex Options

    What is a "diagonal"?? I forgot the combo... +c -p or -c +p thanks.... Aslo.. I just remembered the risk reversal... long stock, short out-$ call, long out-of-$ put. Anyone know what the hell a "winged butterfly is" or a "Christmas tree"?? :)
  6. Q

    Crazy Names for Complex Options

    ratio spreads are good ones... "1 by 2's" and "1 by 3 's" good to mention... back spread = too generic... has to be something they might announce in the trading pit. :)
  7. Q

    Crazy Names for Complex Options

    I was trying to put together a list of complex options and the risks and margin for a trading club. But it seems that there is a never ending list of names people have for these positions. So if any one has a crazy name... e.g. Butterfly etc... lets hear it with the requirements to be...
  8. Q

    Leasing A Seat At One Of The Exchanges!

    PCX seats are so low they pay you $400 to lease them. Of course you have to cover the rest of the month dues ($750 last I checked) You used to have to pay $12,000 a month to lease one, highest I was aware. Now the value is guessing the intrinsic value of ARCA stock. Factoring a risk of...
  9. Q

    Option question

    Spread Maintenance Debit call spread = the debit amount (i.e. what you paid for the spread) E.g. paid $3 for 1 long call spread maintence is $300 (100% of the cost) Credit call spread = the difference between the strikes - credit received E.g. sold call spread for $3 the the maintence...
  10. Q

    Rookie needs help...

    How do you calculate the maintenace needed for a spread position in futures? E.g. long the ES2U and Short the ES2Z or E.g. short the ES2U and long the ES2Z Do you get a margin benefit if you are covering the futures risk with the QQQ? E.g. long 1 ES2U and short 806 shares of QQQ :)
  11. Q

    open e cry

    What type of order entry screen would you like to see for futures? Do you have a preference? I have been drawing what I think would be a good order entry screen and I am looking for ideas... :)
  12. Q

    open e cry

    What type of order entry screen would you like to see for futures? Do you have a preference? I have been drawing what I think would be a good order entry screen and I am looking for ideas... :)
  13. Q

    Rookie needs help...

    For stocks they can be held in either a cash accout or a margin account. Some option positions can be in a cash account. like a covered call. I think that all futures have to be in a special futures account that is margined. Because you are not buying a security, but rather securing an...
  14. Q

    Rookie needs help...

    Number 2 I might be able to answer... Currently there is the QQQ that has a underlying stocks, options, and the NQ mini futures you can trade. In the near future Single Stock Futures and Narrow based index futures will be available. These 2 products have not been begun trading yet...
  15. Q

    Rookie needs help...

    If I buy the ES2U and I put up $3,000 for margin. When the ES2U drops 60 points, I will receive a margin call and be required to submit $3000 the initial maintenance again. Is this correct? :)
  16. Q

    Rate your broker !! Just the facts please...

    Stock Exchanges Yes/No NYSE NYSE Direct Plus AMEX AMEX Nasdaq (CMS line) CHX ARCA Nasdaq Service ITS SuperSoes SelectNet Primex Super Montgage - when released Liquidity Tracker - when released ATS/ECN...
  17. Q

    Rate your broker !! Just the facts please...

    Yes anyone posting this info please include NYSE Direct + Sorry I forgot this... Open Book is a quote feed, and not an execution platform, right? Quotes abilty deserves its own mention as well. Level 2, Open Book, streaming versus static, etc... please feel free to add this to the...
  18. Q

    Rate your broker !! Just the facts please...

    Sorry about the bad coding... :)
  19. Q

    Rate your broker !! Just the facts please...

    The rate your broker section is too general for my taste. What I propose is a standard format of services. This way all brokers can log on and complete this form and we can benefit from the added information. A simple "yes" or "no" next to all the services your broker offers. And then you...
  20. Q

    Will Amex trading OTC be good?

    I was told that AMEX was signed up with ADF?? Keep in mind that ADF is not an execution platform like SuperMontage. It simply allows quotes and trade reporting. To execute with a ADF participant you must have direct access to them or access to a broker who does. I believe anyone can be...
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