Futures options info with IB

[def]

Quote from comintel:

Since the Interactive Brokers Market Brief URL in question says "Data available real-time to IB customers in Trader Workstation", it's a fair point that some of the data is not in fact available from them.

One might hope that the data that is so important that it is included in IB's Market Brief for investment or trading decisions would be available from IB.

I guess they do not really use their own tools to write this daily report. Maybe they should credit the real provider?

Or change the text to read "Some of this data is available in real-time to IB customers in Trader Workstation."

You're reading too much into things. you can't supply real time streaming data to a web site w/o paying the exchange fees - which as you know can be quite substantial.

 

[ghateley]

Quote from cdcaveman:

now.. what bit of information do you think will come of looking at open interest?

I was going to ask that very question. Aside from how liquid the contract is, there is no information in there. Just because there is high open interest on a call for example, does not mean that there is substantial bullish interest because you don't know what else that trader has on. For example, If I was bearish institutional trader, I might take out a huge short position on the /ES but then buy a ton of upside calls. To someone looking only at open interest, you might think, "wow, look at all those calls being bought. I better go long." You would be on the wrong side of the trade, however.

Hope that helps.

 

[cdcaveman]

Quote from ghateley:

I was going to ask that very question. Aside from how liquid the contract is, there is no information in there. Just because there is high open interest on a call for example, does not mean that there is substantial bullish interest because you don't know what else that trader has on. For example, If I was bearish institutional trader, I might take out a huge short position on the /ES but then buy a ton of upside calls. To someone looking only at open interest, you might think, "wow, look at all those calls being bought. I better go long." You would be on the wrong side of the trade, however.

Hope that helps.

Exactly!