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  1. W

    Can you lose more than the Initial Margin?

    I am thinking of trading Futures, more specifically the ES - Mini S&P 500 and I have a question. The Initial Margin for this contract is $5625. Now suppose I have $7000 in my account I buy one contract at 1100. Overnight something terrible happens and the S&P 500 opens at 800 and never...
  2. W

    How to trade Currency Options?

    Thanks for the info. I don't like American options because of the nasty surprise when they unexpectidely get excersized! I have written many a (naked) equity call only for it to be excersized early to my complete surpise and then I find out I pick up the tab for the dividend... At least with...
  3. W

    How to trade Currency Options?

    Another question about CME FX Options. Are they American? So can they be excersized early and what do you get if excersized? The futures contract? For which month? Thanks.
  4. W

    How to trade Currency Options?

    So called OTC dealers of FX are scary for me. As you mention there is counter party risk. Also I have heard many horror stories of how badly the orders get executed. With an Exchange like the CME there can be no hanky panky. And of course the money is safe. Sadly CME's Micro Futures (1/10...
  5. W

    How to trade Currency Options?

    You are quite right. When I checked last night the volume was not of that day, but of the evening session. They are traded round the clock apparently. Now during the day the volume is high with not bad spreads. For example for the December Euro 1.50 Put the bid/ask is 0.0171/0.0176 - not...
  6. W

    How to trade Currency Options?

    In my opinion yes the FXE options are terrible - yes huge spreads and thin volume. Hence my post.
  7. W

    How to trade Currency Options?

    Thanks. That is a great link. Is that really CME Volume? Its thin, but not that bad. I wonder why CME's own web site shows much lower numbers...
  8. W

    How to trade Currency Options?

    I just looked at the prices and volume at the CME Group web site. And unless I am mistaken it shows the Volume as just 1 for the Euro Options. Yes 'one'. Which was a 1.49 Put for December. There is SO much trading of the currency futures contracts at CME. It is showing like 5200 contracts...
  9. W

    How to trade Currency Options?

    I am not asking anyone to do research for me. Since this is a options forum if there were any traders who traded currency options then it would be helpful to know which is the best marketplace. My pariticipatation would only add to the liquidity of that marketplace so would benefit everyone...
  10. W

    How to trade Currency Options?

    What is the easiest (if any) way to trade currency options? For example I want to buy some Yen and Euro Calls. I see the options of the XDN and XDE indexes, but the volume and liquidity is terrible. For Euro there seems to be TWO different chains of options with XDE and FXE! Both same thin...
  11. W

    Question about Buffett's Puts

    It amazes me that everyone here is praising Buffett's genius and all. BUT I bet this time last year (when these Puts were down more than 100% - a paper loss of $5B or so) on this very same forum the exact same people (myself included) would have been mocking him and saying what a lousy trade...
  12. W

    Question about Buffett's Puts

    Chicken Licken. Because they thought the sky was falling.
  13. W

    Order Sends Order?

    Which would be the easiest and fastest way to learn then? Would it have to be a programming language? Is Visual Basic the easiest then? Or would it be possible to send these orders by Excel and VBA? Thanks.
  14. W

    Order Sends Order?

    No this is not what I want. So I guess OCO or Bracket Order is not what I am looking for. Say I am long IBM. I put in an order for a stop loss to sell when it drops to 110. If that order is executed, then I want some new orders released immeately, like buy VIX Call (because market is going...
  15. W

    Question about Buffett's Puts

    There is no doubt that this is a great deal for him. But for the average investor it is not possible. If the Dow was to go down a lot, then there would a HUGE margin call! Most induviduals would be bankrupt! Of course for Buffett the margin call is a joke. If the market was to go down 50%...
  16. W

    Question about Buffett's Puts

    The next two years are so uncertain. All this spending by the governments, which is barely keeping the economy alive, can't last forever. When the plug is finally pulled then what? This V stock market will be very W. Look at unemplyoment - highest ever. Things for the next 2-3 years are not...
  17. W

    Order Sends Order?

    Thanks for your post. Yes that is exactly what I am looking for. Except that I don't want to switch brokers. I am with IB at the moment. IB's TWS will allow bracket order, but NOT Order Sends Order or Order Cancels Order. So I was wondering if Ninja or any other platform will allow such...
  18. W

    Order Sends Order?

    Is there a trading platform that will do this for me:- I punch in an order. If and when that order is executed, another order is sent automatically? And then if the second order is also executed then another order (third) is automatically released and alive too. Any automated trading...
  19. W

    Question about Buffett's Puts

    This is such amazing information. Thanks. Since Berkshire Hathaway is a public company, aren't they supposed to disclose the full terms of the options? So $4.9B premium for $37.1B worth of equity for 10-20 years. So what does the Implied Volatility work out to roughly :confused:
  20. W

    Question about Buffett's Puts

    Buffett's Puts are European.
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