1000-lot QM monkey

E

erlewine

Anyone see this character buy them at 118.25 yesterday and sell at 121 this morning? Puts the whole order out there!

Why is someone trading 1000 QM's from a commission standpoint? Is it some way to get around position limits?
 
Quote from Papa Lazarou:

Hi there,

I think I must be misunderstanding you. What are QM's? Are you talking about Aug09 / June10?
More...

It's the mini NYMEX Crude futures
 
ah! Thanks traderTX.

I only deal with CL, HO, and RB on Nymex. Most of the stuff I do is on ICE to be honest.

You learn something new every day! Thought Aug09/June10 spread sounded a bit wrong!!

Cheers. :)
 
Quote from erlewine:

Anyone see this character buy them at 118.25 yesterday and sell at 121 this morning? Puts the whole order out there!

Why is someone trading 1000 QM's from a commission standpoint? Is it some way to get around position limits?
More...

becuz hes a baller
 
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