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I don't think that correlation is correct. Canola (rapeseed in Europe) is an oilseed and competes with other oilseeds like soybeans, palm, peanuts and to a lesser extent cottonseed and corn (the latter two aren't grown primarily for their oil, but they do produce some). All of these veg oils...

JesseJames - Be sure to talk to OX about commissions once your free trade credits are depleted. If they say no, wait a month or two and try again. My accounts there have never been all that active (mostly retirement $) and they budged quite a bit from the posted rates on the website. I...

Hats off to "Uncle Bob" for taking the road less traveled when coming up with a name for his business. I was getting tired of the old ones: OptionAnimal, OptionMonster and OptionTiger. I wish (Stock)OptionAssassin would take them all out. But maybe the trend is changing. If so, I better...

Yes, but according to the email, it's for equities options only. I haven't used it; most of my activity at OX is in retirement accounts - long term, infrequent transaction stuff. Re futures and futures options at OX: Their rates are better than they used to be, but they're still quite high...

A data point/anecdote related to the above: I received a marketing email today from OptionsXpress touting their enhanced "walk limit" feature. Of note is the 2 to 60 second time increment before the system will cancel and replace. ----Snip from the email-------- Walk Limit now supports all...

Xandman, I don't know who he is. I occasionally see his messages if someone re-tweets them. Maybe he's building a big social media following to mine for mentoring/education customers when pit trading eventually dies. Or maybe he just likes to chat about sports, politics and celebrities...

I found this kind of funny for two reasons. 1) Contrary to what we sometimes hear on ET, even the big traders, including those scorned option sellers, will adjust/roll when things don't work out according to plan. 2) I realize floor brokers have been yakking about big orders since 1848...

The CME site describes the components of the spread/crush which is also referred to as a "board margin." From this calculation you get the gross margin but you have no idea if it's a negative margin or extremely profitable for a plant (or the industry) unless you know something about...

Remember Don Lapre? Read the "charges" and "death" sections. What an awful way to die... http://en.wikipedia.org/wiki/Don_Lapre

Here's why you should look at the real/raw ATM IV for a specific month(s) before you make a trade, and of course the IV of the contracts you're interested in. My sample shows four out of five firms use what appears to be the same 30-day composite. And then there's Interactive Brokers. I'd be...

Alex - The chart below might help explain why the composite index (which is often 30 days) spiked, but didn't help your deferred position. I don't know where IB gets their ATM IV data that you can display on a chart, but I suspect it's also a composite of some sort. FWIW, the 30 day IV index you...

Thanks for the recommendations for "Oil 101." I would add "The Prize" by Yergin if someone is starting out or just wants a fuller understanding of oil's history and importance. Some say that Yergin is now just a shill for his Big Oil clients, but back in the day, he wrote a darn good book and...

Thank you. On a related note, are there plans to make some of the recently released options tools work for futures options?

For the benchmark CL and NG contracts, the most recent option open interest: NG 219,000 option contracts American style NG 5.1 million option contracts European style CL 2.9 million option contracts American style CL 136,000 option contracts European style First, is there a reasonably...

Some news: CQG Trader is now available via Deep Discount Trading Trading/Crossland. www.deepdiscounttrading.com/TradingPlatforms.html (if a CQG rep is reading this, a good deed for the day would be to send Howard at Deep Discount a higher-resolution image for each of the CQG offerings)

If you stay on the page long enough and then leave, a message pops up offering the program for $147, a $50 discount. I'm not crazy about the sales letter and they ought to give you at least a one week trial, but if the product lets you save a list of stocks, price charts, plus the added vol...

Thanks, SLE, that's a good tip. Another thing to be wary of is whether these retail platforms get the dividend dates and payouts right, esp. with smaller and less liquid names. I learned the hard way selling some options on a Master Limited Partnership (MLP). After my fill (immediate, of...

According to the ad that's showing up at the top of this page, OptionsHouse is $8.50 for a ticket charge plus 15 cents a contract, so the cost per side is $4 less than in your example. Here's the thing that makes an apples v. apples comparison with IB difficult: the rebate you receive for...

Here's a freebie from Moore Research that goes back to the Nixon administration. http://www.mrci.com/pdf/kc.pdf

The IVs are quite low, with ATMs about 22%, so you're not getting paid much to sell puts. Pull up a long term monthly chart that goes back to the late 1980s. I don't know a lot about TA, but call it the 'round number thing' or re-visiting previous support, resistance & congestion and $1.00...