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HERE IS THE ANSWER: I DID COVER THE ITM CALL. MY INITIAL MARGIN WAS INCREASED BY ABOUT $2250 (WHICH HAPPENS TO BE EQUAL TO THE EXCHANGE INIT MARGIN REQUIREMENT DIVIDED BY TWO. THE MAINT MARGIN WAS INCREASED BY ABOUT $1800 (WHICH HAPPENS TO BE EQUAL TO THE EXCHANGE MAINT MARGIN REQUIREMENT...

You are correct. FOP spreads are native. RCG RAN platform will not execute FOP spreads. Global's tech support attemted to use the RAN platform to execute a spread, but he was not successful. He did state, however, that the broker/FCM was looking into introducing the CQG platform in about nine...

Of course I have a similiar situation with my ITM call leg of my short straddle. In my case, I placed a buy stop above the current market to cover the ITM call. If the stop is hit, I will lock in a profit, assuming the ES futures don't drop like a rock on expiration Friday. If the stop isn't...

Anyone using this platform to trade futures options with their broker? My broker and I are looking at other platforms with which exchange-traded option spreads can be executed properly (each leg executed simultaneously). This platform appears to be an excellent fit. Appreciate any commments.

I like this comment. BTW, I am keeping track of the VIX--I note it when I place the straddle, and I note it on Expiration Day (I use this reading for the next straddle). Based on mark_nyc's data, the short straddle loses during transition periods--going from high volatility to low and vice...

I am not a big fan of bull put spreads. The "insurance" leg doesn't seem to offer much protection. For example, let's look at a recent trade: an ATM put from Thursday close going into Friday of last week. The ATM put was sold for $14.00, and an OTM put was bought for $7.00. The ATM put...

Suppose I have one short put that is OTM, and one short call that is ITM. I am trading ES futures options, and it is expiration Friday. Suppose I wish to simply cover the ITM call at the end of the trading day, rather than buy it back. The rationale behind covering is that the total...

You are basically doing a spread (buying back a lower-priced option and selling a higher-priced option. I did some "rolling" but I did it manually using either the spreadtrader or basket trader feature. I do not recall if there is a GTC, market-if-touched feature for a "rolling" trade. You...

Then try the web-based version. That is the one I use for papertrading. Never tried the desktop version. I suspect the demo only works on the web-based version anyway.

Remember, long options do not have a margin requirement. So, your margin requirement will be based on your shorts. For example, I am trading a short straddle ( a short put and call ATM). Unfortunately, unlike IB, my platform doesn't permit simultaneous execution of each leg. So, I enter the...

I simply registered. You do not need to complete the application to papertrade. Also, I noticed that quartly option quotes were available in the demo, but not serials. Did I do something wrong? I got the June ES on the trading screen and the June FOP's, but I couldn't get the serials...

Triple bottom completed in early 2003. Then upward from there. Fed funds were at 1%. Things were worse then, as far as the stock market. This time around the housing market won't go crazy, for lending standards have risen. Also, back in 2002/2003, it took about six months for that triple...

The way out of the mess, at this point, is to provide real relief and reform. The tax rebate is too small, and it will only be used to pay down debt, not for new spending. More relief: permit homeowners the option to modify their ARM's and their option ARM's BEFORE they reset--remember...

The weekly update: The April 1325C settled at 23.00; the April 1325P settled at 12.40; the June ES settled at 1335.50. My maintenance margin is $4,732.00; total profit to-date is $1,988.90. The short straddle is composed of one contract per leg. So far, I have not seen a loss in this...

I can relate a story. A friend of mine has two felonies on his record. He took the Series 3 exam (you do not need sponsership to take the exam) and passed it. Then he applied for CFTC registration/NFA registration. In the application, the question about felonies is word as: Have you EVER...

Whenever I did spreads, I used market orders instead of limit orders. I did this with IB. This way I got my spread or better. Execution as fast. I believe that IB is a market maker on GLOBEX. I preferred to do my spreads as basket orders/market orders instead of using the spreadtrader (or...

I received an email from TOS stating tha they would begin ordering futures options on April 25, 2008. No other details were disclosed. Personally, I would wait a few months so taht they can get the bugs out. I hope that they make the futures options available for paper trading.

Couple of observations. One, to reply to the previous poster: The RAN platform will not allow the entering of a short straddle. I tried it, and the response I get is that market orders are not permitted on GLOBEX. The RAN does permit spreads between Futures, but not futures options. The...