eurodollar futures

[PohPoh]

Quote from increasenow:

hey...I noticed if your gonna trade eurodollar options the ONLY way to go is through the PIT and not electronic...but for euordollar futures, the way to go is electronic and not pit...pit options on eurodollar were like 500,000 calls on the pit vs. 19,000 calls on the electronic yesterday for an example...agree?..do you call all your pit traded eurodollar option trades in?

I rarely trade more than 100 at a time, so electronic is fine all around for me....

Sometimes I call them in, but MOSTLY, its all elec...I don't like talking to people if I don't have to...

 

[PohPoh]

Quote from increasenow:

hey guys...really enjoying this thread...a quick eurodollar futures spread question...if a spread (say Dec 08-Dec.09) reads:

bid 11.00
ask 11.50

last price: 11.50

okay...say I am on the "buy/sell" side...meaning BUYDec. 08 and SELLDec. 09....I got into the trade at 7.50...now it is trading at 11.50...am I up 8 ticks X $12.50 or????

....I understand spread trading but having trouble reading straight spread quotations...thanks guys...really want to understand as I am sure some others would also...thanks!

Kinda almost the same thing...
You would be up 4 ticks...
at $25 per tick...
$100

 

[Rtrader2525]

Quote from PohPoh:

I rarely trade more than 100 at a time, so electronic is fine all around for me....

Sometimes I call them in, but MOSTLY, its all elec...I don't like talking to people if I don't have to...

ahahaha.

that yen franc is working out now, what else you guys got going on?

 

[covered_call]

Howdy Snow-

There's plenty of action in the electronic options. The exchanges have market makers that must keep the various strikes liquid.

 

[covered_call]

Yen swiss did work out. I got out at a loss yesterday. I see it going down to 429 then 395 now.

 

[covered_call]

6SZ8 shows some strong buying which may push this cross lower, but i'm concerned about the three higher highs and lower lows on the cross. i'm flat and may buy this on a bounce off 429.

 

[PohPoh]

Bought EDH9/EDZ0 at 1.25

 

[Rtrader2525]

im sticking it out, i think we head lower today. any opinions on DEC/dec Euro guys?

 

[PohPoh]

Quote from Rtrader2525:

im sticking it out, i think we head lower today. any opinions on DEC/dec Euro guys?

I don't think you can go wrong buying the front end of the board and selling the back..

I could be wrong, but that appears to be the play..

 

[covered_call]

Agree Poh. I was long coming in and am adding at 44.