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Redi is a trading platform. Contact your broker and ask them if they offer access and if so what is the symbol they use.

No, there is a market quoted for the VIX futures time spreads. You actually buy or sell the time spread, not simply leg the two sides. For example the symbol in Redi is VXK8-VXM8, this is the May/June time spread. The current quote is .08/.09. Another advantage is the price is quoted in...

Along with markets on the individual VIX futures, the CBOE also trades time spreads, as spreads. So there is a product that is the June/May Vix spread. You can buy or sell it, thus buying one month and selling the other month. This way you won't have to leg the spread.

Not quite, First, buying or selling the VIX futures isn't going to help you much in the morning. You don't know where the underlying is going to mark and you also won't be able to get a lot of size either at this time. Putting up bids or offers on the SPX options used in settlement isn't...

The domain, sharktraders.com is showing "expired as of 4/9". Probably not a good sign.

The settlement, for example, of the April monthly vix futures and options,(that just expired Wednesday morning) was based on the opening price of the May SPX options. The CBOE publishes a list of which options will be looked at. The weekly vix settlement is based on the opening price of the...

Actually I have seen different results. I believe a mark down happens more often then a mark up. For example the Feb vix expiration had a huge mark down. The out of the money puts that were trading at .40 the day before opened at .05, even as the market itself was down. You had many...

Ha, thanks all. Will be referring to this thread for all my future affect/effect questions.

Currently market makers are not allowed to 'rest' orders in the COB (complex order book, or electronic spread book), they are only allowed to interact with orders that are already there, in the VIX or SPX. This is saying in some very limited circumstances a market maker can leave an order in...

I think your missing the point of the post. This had nothing to do with total volume today. It had everything to do with opening orders in the May SPX options. There were between 5,000 and 13,000 lots of essentially market orders to buy of out of the money puts. I haven't seen this size of...

Not meaningless or business as usual. These are huge orders that are sent in that will change the vix settlement price. Customers have an opportunity to participate in these orders, which they don't have on other days in the SPX. Size is substantially larger than any other time.

There is a risk to every trade. I am short for probably less then a minute. Can something happen in that minute? Yes, but a risk worth taking. This is coming from someone who is rarely short premium and never net short puts overnight.

The opportunity here is selling something way overpriced. Puts that sold at .25 on the opening, could be bought back at .10, 5 seconds later. You could also do time spreads for credits. I hate being short puts, even out of the money ones, but at the right price its worth it if you hedge or...

A few, lol. I wont define a few.

This is the monthly vix expiration. Mark of the VIX based on the opening price of the May monthly SPX opening prices. Spx 1200 and 1250 puts over 12,000 contracts open at .25 and .30, trading .05 yesterday. Great opportunities.

Huge bids in May out of money puts in spx this morning, suggesting big vix mark up for morning settlement.

No I don't believe that is correct. It won't help you with risk margin. Bob Morse could probably explain it better than I.

Suppose you are long 1000 shares of Google and 10 deep in the money puts. If the stock is 1000 and the puts are 100, that's a 1.1 million dollars in stock and option premium. If you have $300,000 in your PM account, you would need to borrow $800,000 to finance this position. Your risk margin...

New system in the SPX will start April 30th.

So are you saying that I were to buy 10 butterflies in the SPX for .05, risk of $50, and the individual legs were $100, so a total premium of the options would be $400,000, I couldn't open new positions if I had $10,000 of equity in my account? Wow