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The Refco problems were the direct result of fraudulent actions of the CEO who hid trade losses------- http://www.usatoday.com/money/industries/brokerage/2005-10-12-refco-ceo_x.htm Also, the SIPC probably wouldn't protect account holders of REFCO since they do not protect holdings in...

To be honest, if you don't know the answers to those questions, you had better not be trading RBOB. That market is very volatile and tied to oil which is tied to the dollar which is tied to the all kinds of reports and data etc... It is not a market for newbies. Futures are marked to market...

I wouldn't touch the RBOB if I was a newbie. The swings can be wide and scary for a newbie. Best to trade the ETF.

If a trader is successful and trades for his/her own account only (from home), what is the advantage of declaring "trader status" for tax purposes. I realize that expenses are 100% deductible, but an at-home trader might not have a lot of expenses plus trader status means that the trader is...

Thanks for the reply. In your example, if the market maker had to sell puts (assuming retail customer was buying puts), then the MM also would have to sell the underlying stock. So we have an increase in put open interest and also an increase in the short interest of the stock. Sooner or...

Let me rephrase the question: Has anyone found that unusual options activity in stocks gives a trader an edge in trading the underlying stocks? If so, please explain.

How important is open interest when it comes to analyzing future price movement of the underlying stock? For instance, take CCRT. The P/C open interest is almost 2.5/1 and the stock has apparently made a bottom and is heading higher. OTOH, take a stock like MCO with a P/C open interest...

I use Ensign with IB. Costs me $39 a month. Intraday goes back for several months and daily goes way back for years. They get a free forex data feed which includes history for daily and intraday from FXCM. Ensign has all kinds of indicators. Great customer service etc...

See this http://www.cbot.com/cbot/docs/87350.pdf If the YM is going to be traded on Globex, then if Globex goes down and a trader has a position in a Globex contract (ES, NQ or ER2), then he can't offset that trade with the CBOT's YM anymore. But that may change when the ER2 moves to the...

On the Jan 10, 2008 Mad Money show, Cramer said that the BAC and CFC news, Bernanke etc... was the same type of thing that happened in 1990 when the financials bottomed. He said several times that the financials have bottomed. So let's see what happens. Will he be right or wrong? On...

hrokling, Thanks for starting this thread. I have been subscribing to the MRCI WSC for the past few months and then I came across this thread. Great info and it caused me to order the Encyclopedia this morning as I have been looking for additional calendar spreads to trade. I do not trade...

With periodic crop reports moving these markets, such as the limit up move in the beans last week, are options available for trading in the grains for using as a hedge? IB does not seem to make them available. Anyone trade options in the grains with IB or another broker, for that matter?

Does anyone know where to get or does anyone have historical data for the RBOB or HU contracts? I would like to get my hands on some 5 min and 30 min data without having to pay hundreds of dollars. Thanks!