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S&P big futures contracts (SP, $250 multiplier, .10 increments) are closed right before equity open, while ES is still open. Maybe that's it?

Save yourself the headache and just buy the ATM put. The position is identical to short underlying & long call.

Episode 6... Guy ranting how computers are evil... I feel for him getting pushed off the floor, but some people just can't face reality.

Thanks for posting that, listening to it now.

Power prices seemed accurate, some other things that the claimed to have in power (ace, ect.) were flat out non-usable data.

What products specifically? It could be useful for some things, but I wasn't super impressed.

Yes

I beg to differ on #1. You don't think FCMs ever go after debit accounts?

PC-SPAN (CME's product) is a joke. $500 to calculate your own margin...

Indeed.

You might feel different if you read this : http://www.cftc.gov/ucm/groups/public/@financialdataforfcms/documents/file/fcmdata0210.pdf

Take some blood pressure medicine after starting. Certain PJM 5 min LMPs printed $-3600 then reversed to $1400+ yesterday . Good stuff

I'm positive that you can, but the volume just isn't there.

No, I haven't backtested it further. Its not terribly hard, I just had that handy. Trading can get slow at my office during the day so I did it when I had some down time.

I think its a ghost town there in the options, don't quote me on that though, as I don't have WTI on webice at the moment though

Curious as to how far OTM it was at settle?

http://spreadsheets.google.com/ccc?key=0AjzwhSiYuOzBcEFHOXFrMldzRmY5bTFKVVhxTk9SZXc&hl=en

Cash settled so your FCM will probably let you trade them up until exp, whereas if it was Nymex, they will probably make you close out or give you a hassle about it.

Bittman is a douche. Having to deal with that condescending prick should be enough reason not to go.

TOS shows the set on Thursday before expiration last week of around 5.25, so that would be the best case scenario I think. If you pay 5.25, the max you can make is 4.75 on the trade assuming you are doing a $10 wide butterfly. How'd you come up with the 2k+ number?