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I contacted CME risk management on this and they basically confirmed that this is a quirk in how their SPAN system feeds data to the site and indeed the contracts showing multiples of 5 are the mini contracts even though it appears as they are the full size symbols.

So these guys are done... Along with restitution, disgorgement, penalties, and permanent trading bans. http://www.cftc.gov/PressRoom/PressReleases/pr7464-16 http://www.cftc.gov/idc/groups/public/@lrenforcementactions/documents/legalpleading/enfubssotcomplaint093016.pdf

You can easily do this with SierraChart and any typical futures FCM (even IB) that will allow you to trade spreads on CME (which most of them do).

Because of regulatory capture. The banks and the established rich run this show.

If you're having trouble learning how to be patient swing trading then that's your problem, not your job. You don't leave a job because you can't figure out how to do anything other than day trade due to psychological issues. That is right ass backwards.

No, I'm specifically referring to OTM options and specifically making the point that *at* ATM it is effectively peaked and can only decrease from that point on due to directional changes in the underlying. Also you speak in a way as if the vast majority of people playing these games are actively...

I was literally referring to the 3rd order greek "speed" (aka gamma of gamma, https://www.elitetrader.com/et/threads/calculating-gamma-of-gamma.243458/) not the conceptual "acceleration and speed" of gamma and delta respectively. However, I think we both agree here with what I was getting at in...

Why are you trading RBOB outright? That's a ridiculous market to play that game in.

As I said, *change* in gamma aka "speed" and the ability to actually work with a position that's seriously going against you. A trader is duly compensated for being short ATM (peak gamma) - and this has been covered in this thread already.

Uh, no. If you sell an OTM put for 50 cents, market sells off significantly making these ATM or ITM, and it turns into 5$ due to gamma cranking up and delta following you *might* be able to wait out that initial IV spike but you're not getting away from what gamma just did to you. It's gamma...

Yep, everyone here should really listen to that interview to really see what Sosnoff is really about. 100% koolaid.

Lotta big talk here, sure would be a shame to eat some humble pie wouldn't it? It's one thing to disagree with people - it's another to basically disrespect their input by making caricatures of their words.

A few months back I ran some numbers comparing correlations and margin haircuts for all the CME metals stuff:

Btw looks like only gold/silver is a ratio and the rest are IS spreads. Also not sure what to make of the "for each day of the contract month" part.

I want the contracts to succeed and they're certainly highly useful. My only concern is the financialization aspect and use of a derivative index combined with commodities resulting in a contract that seems like a good idea but doesn't take off but we'll just have to wait and see I guess.

Yep saw that. One difference that I can think of though is this is a financialized product. As far as I can tell it doesn't result in positions in the underlying and that might determine how successful or not these ratio contracts actually are. I see they tried the same thing in the past with...

You forgot one small detail when it comes to the markets: they control the on/off button.

Ain't that easy.

I believe the settings are part of your account and TWS is used to manipulate them via a typical client/server relationship. Just the mobile app doesn't support changing the values but does use them.

Absolutely which is probably why a lot of the frustration comes from a: protecting the big entities, but also b: removing these rules will end implicitly lead to an end of spoofing via stalemate. It's not even a hard thing to detect as spoofing relies on shocking the order book and exploiting...