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  1. Robert Morse

    Company intends to delist next year. What happens to my short position?

    If you are short, you will be responsible for any cash payment made to shareholders. HAMILTON, Bermuda, July 25, 2019 (GLOBE NEWSWIRE) -- Blue Capital Reinsurance Holdings Ltd. (NYSE: BCRH, BSX: BCRH.BH); (“Blue Capital” or the “Company”) today announced that, after considering strategic...
  2. Robert Morse

    Aug Gold Options exercise price today?

    https://www.cmegroup.com/trading/metals/precious/gold_quotes_settlements_futures.html Call the CME is you have any questions.
  3. Robert Morse

    ES liquidity

    Size at that time was 96/268 and very actively. 10 contacts is an odd lot in ES futures. up and down one tick outside the quote you can likely to 500.
  4. Robert Morse

    ES liquidity

  5. Robert Morse

    Looking for a prop firm for U.S. equities

    daytraderzed, I see you are from India. We can offer customer accounts to residents of your country and offer Lightspeed Trader for accounts starting at $25,000 or more.
  6. Robert Morse

    Butterfly Adjustment

    You can make an unlimited number of adjustments that can increase or decrease risk but the ONLY answer to your question is what I typed. One of the advantages of spreads is to limit risk. If you then feel the need to over hedge, you had no confidence in the original trade and it should be closed...
  7. Robert Morse

    What is the main difference between investing on SP500 ETF,SP500 index fund and SP500 mutual fund?

    Each product has a different cost structure built-in. That cost will reduce the NAV overtime vs the cash index. It is a cost to you. A mutual fund will issue a taxable report of short term and long term gains each year while an ETF does not incur a tax until sold. Mutual funds can be bought in...
  8. Robert Morse

    Butterfly Adjustment

    Close it.
  9. Robert Morse

    Why are markets more prone to false breakouts when it is heavily observed?

    I can't speak for JS or any other wizards, but it makes sense. Real, sustained breakouts do not get feed with day and swing traders. They require institutions or a following to accumulate large positions overtime. They require long term investors to want in. They buy consistently over time and...
  10. Robert Morse

    Question for Options experts - how would you trade this scenario?

    You have to ask the questions: What likely hood do you place on staying in that range by Aug 2 as a percentage. Same for being wrong. Then multiply that times the expected gain/loss. It is a dirty calculation that requires you to make assumptions. But if based on your assumptions there is a...
  11. Robert Morse

    What is the best way to get a formal education on US Futs and Opts on Futs ?

    You never looked at the Course Catalog, did you? https://www.cmegroup.com/education/learn.html
  12. Robert Morse

    What is the best way to get a formal education on US Futs and Opts on Futs ?

    https://www.cmegroup.com/education.html
  13. Robert Morse

    Which provider allows covered calls on FUTs

    $50/point/future. September ATM IVOL is about 10. 16 is about a 1% move. That implies right now about a 0.625% move per day or 18 points per day. 18*$50 = $900 I'm doing a lot of rounding. Sep is more like 11+,
  14. Robert Morse

    Which provider allows covered calls on FUTs

    ES Futures margin is only 6930/Future. I assume long Future and long put is less than $6930 plus the value of the put but it takes me too long to model that on the CME SPAN calculator. The notional value of the ES future is the price*$50. E.G. $2990*$50=$149,500
  15. Robert Morse

    Which provider allows covered calls on FUTs

    #1. Your gains are limited and your downside is protected by only to the value of the short call. #2. Personal choice. You are the one that wants a covered call so only you can determine what to sell. I would never do a buy-write. #4. Not sure. Do you mean long put vs long future-maybe. You...
  16. Robert Morse

    Which provider allows covered calls on FUTs

    Futures have built in leverage so a new trader might not realize it.
  17. Robert Morse

    Which provider allows covered calls on FUTs

    The CME has an education section. Worth a look--free. https://www.cmegroup.com/education.html We have some on our website for equity options. https://www.lightspeed.com/trading-education-center/ Our links to the OIC are broken for the links to online classes...
  18. Robert Morse

    What types of equity trades are not reported/shown on the tape?

    An off-exchange private transaction would likely not require any exchange reporting. If I have possession of my shares and contact the transfer agent, I can likely transfer shares to another party. My example does not match your example. Also, I expect the transfer of unregistered shares would...
  19. Robert Morse

    HELP-held on to contract that expired

    I'm not familiar with that rule but as a practical issue, if you do not claim to be a hedger when you open your account, the FCM would likely liquidate you or look for a buy/sell of the contract in the cash market. We use Wedbush Futures and they can facilitate delivery for their clients and...
  20. Robert Morse

    HELP-held on to contract that expired

    Today is the last day of trading. After that, get ready to accept or deliver 1,000 barrels of Crude. We do not allow our customers to enter the delivery period.
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