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Thanks, that is good to know. Those extra 15 minutes will come in handy for those earning plays.

From hindsight, I should have initiated outright long puts instead of puts spread on Wednesday. Initiating a put spread on Friday is a better trade than outright long put. Now I only have long puts left in my position. The time decay is about $33 per contract now and $77 ten days later. Based...

I remember the road to expert performamce is: 1. 10 years 2. delibrate practice 3. constant feedback 4. focus on a very narrow domain

That is the time I usually placed stock options order, from 3:45 to 4:00pm. Which stock optons are trading after 4:00pm ? As to futures options, I will trade when opportunity presents regardless time of day. People says long options at the beginning of a week and exit on Friday. But from...

I spent some of my gain from past two weeks to buy some Jan 1.4 puts right before close. Also exit from the puts spread. Because it was put spread, I did not fully capture those 250 point drop.

I usually called CME directly once market is closed. They will provide the price promptly.

Seriously ? No hedge ? and Prepare to hold over weekends ?

Looks like Euro's back is broken

I knew I just dodged a bullet. Distressed time is not the time to short gamma. I switched from Euro bull to Euro neutral last Friday on Dec 11, then from Euro neutral to Euro bear on Dec 15. During those 300+ points drop from 1.49 to 1.46, I managed to make 90 points gain by **selling**...

I have been following the Euro development and trading in and out of EUR/USD futures options since Early December, here is my post, welcome to add your comments http://www.elitetrader.com/vb/showthread.php?s=&threadid=184660

I have been following the Euro development and trading in and out of EUR/USD futures options since Early December, here is my post, welcome to add your comments http://www.elitetrader.com/vb/showthread.php?s=&threadid=184660

The Euro drop so far has been relatively orderly, average 150 points per day, let's see what is going to happen this Friday or next Monday ? Is Euro able to hold above 1.4 before Christmas ? Remember, the heartbreaking drop last year is still fresh in many traders' mind. The sad thing is...

I think it will take less than two weeks for the european sovereign debt issues to play out. Nothing can cheers Euro up at the meantime. It will reach 140 before 147, that is the reason behind my trade. Only five trading days left before Christmas. Let's see.

Do you mean using Globex futures options ? The apparent solution will be long EUR calls and short GBP calls ratioed. It won't be very accurate, but since both calls are USD based, you can calculate the ratio based on the delta of both calls. I haven't done this, but that is where I would start.

The Options Lab serves me well so far,

Once Euro breaks 1.45, next stop is 1.43, I am looking for 1.39 before year is out.

I think AUD and CAD will be still doing OK in near term. However Euro and Europe is really distressed now. Two key sentences from FOMC announcements: "In light of ongoing improvements in the functioning of financial markets, the Committee and the Board of Governors anticipate that most...

BOT Jan 1.44 puts at 89, SLD Jan 1.41 puts at 30 today. RR is 1:4 with a probability at least 50%. Originally had 500 pts spread in mind, but settled with 300 pts. Let's see what FOMC will do

Just saw the WSj headline news regarding Euro, is this another 1992 moment in FX market ? if it is, 1.35 will be the near term bottom for Euro

The fact that Ben is so reliably a Dollar crasher actually makes each subsequent FOMC more influential, not less. Any subtle tone change will have a profound influence on FX and Commodities market, probably more than the actual rate increase.