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that's interesting to hear ralph. I'm in the philly area also and I'm renting a house for less than half what the mortge payment would be if I purchased it. Please send me a pm if you have a chance.

Housing futs based on the Case-Shiller Home Price Index trade on the CME. There are broad based, as well as regional indices, including metro nyc.

i felt really bad there for a second.

So is BSC, but BSC's dept is safer than that of GS. Fannie may be bankrupt, but their debt is as safe.

Why would you pick 2000 shares of each? If you wanted to really trade the spread, you should be much closer to dollar delta neutral. As it is, you're selling $45k notional of one, buy $9.2K notional of the other. You're straight up short 36k stripper dollar deltas.

neither will you without multiple offers (read bids). i'd guess there's at least a 20% chance you fall out of the ranges you've listed.

or he's a cop. and you're busted.

Heh. My posting privileges had been disabled for some reason. I just so happened to fix the issue when I saw this thread. I know other stuff too. :cool:

A broker typically connects a buyer and a seller and acts as an intermediary for a trade. He takes on no risk and earns a commission for his services. A trader assumes risk from the transaction. For example, you call a broker on the NYSE and ask where you can buy 50,000 shares of IBM. He...