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I just had to file for this myself. Apparently it doesn't take much if you are trading in the SPX or other expensive indexes.

I don't believe liquidity will pick up. I think this is a dead product as it currently exits. The weekly options are based on a weekly vix future. The future has almost no volume and can't even be traded using many platforms.

The only reason to break up the order is to have it sent to the COB ( the electronic complex order book). Each broker will have different rules on the how they handle spreads in the SPX. Some will automatically send all SPX spreads under a certain size to the COB and over that size they will...

The SPX options are European exercise, so no early assignment. They are cash settled on expiration. Margin will depend on what type of account you have, a Reg T account, a Portfolio Margin account, etc. It will also depend on your clearing firm. For example Apex requires enough money in your...

Expect very wide markets. There will be 3 LMM's, but they will required to quote a size of 1 up, 90% of the time in only 60% of the first 9 month series, and there will be no rule as to how wide they can quote...

Trading doesn't start until 2am, so you can get a couple of hours of sleep first! Wonder how many brokers/trading platforms will support this.

The CBOE just announced that they will begin overnight trading in the VIX and SPX options starting in early March. http://ir.cboe.com/press-releases/2015/feb-06-2015.aspx

I currently have Redi as my backup platform and I do not like it at all. I think it is difficult to execute spreads in the system. Their risk analysis is poor and I find it clunky and not easy to use. Redi was originally a Goldman product, but they spun it off as a stand alone system. They...

What type of trading are you doing? Options, option spreads, futures, stock? How important are good theoreticals, delta, gamma, etc.? Are you interested in charting, historical vol? What firm will you be trading through?

Well, they are subject to Friday mornings price action. There is no "time" of settlement. It is based on Friday mornings opening price of each of the SPX stocks. The actual price is disseminated a couple of hours after the opening. There is much more risk here than with the other play you...

The regular monthly expiration SPX options will settle Friday Morning. It will be based on the Opening price of the SPX stocks on Friday morning. The last day to trade these options is Thursday until 315 et. The SPXPM and the SPXW (weekly options and quarterlies) will trade until 3et on...

PM settlement just differentiates this contract from the regular SPX which expires in the morning. The PM's will expire the same way as the SPX weeklies. The regular monthly SPX contract will expire on Friday mornings opening price. Perhaps it is just semantics with the TS trading desk. All...

Ironplates, maybe you are misunderstanding me. Yes this contract stops trading at 3pm central time. Yes this contract has no pin risk, as it is cash exercised. But the value of each contract is based on the settlement price of the SPX on that day. The settlement price is not known at 3pm...

That sounds like around 600 contracts a day ( a few hundred round trips). Depending on what you are trading, it may be worth it to buy (or lease) an exchange seat.

The final settlement is NOT set at exactly 4pm. As I mentioned earlier, you will continue to see this tick for a minute or two past 4est ( and some times much later). It is based on the closing prices of the SPX stocks, which may not be know at exactly 4pm.

The settlement price is based on the closing price of all the stocks in the SPX. This may not be known until sometime after 3pm ct. Generally the SPX will stop ticking at about 302, but I have seen it move as late as 330. The only risk management you can do here is make the risk reward...

Bob, you are entirely dependent on a COB misprice here. If it doesn't happen, no worries, you are simply not filled on your opening trade. You are not going to be able to cover this position, you are stuck with it. It is simply a play on a mispricing in the final seconds. As to i960's...

The premiums did seem a bit high to me as well on the at the money options right before the close. I have seen the index move several points though in the last minutes, so these positions do carry some risk. You don't have to wait for the SPXPM expiration to play this game, as the SPXW...

I would agree with Garachen, I think it would probably worth buying one. Put a $300,000 bid in. As long as the CME gives a favorable commission structure to seat owners, it should remain a good investment for you, considering the money you will save on your own commissions.

Yes