I'll sue you if you DONT tell!
Introducing TPA -- Tick Preference Arbitrage. aka Tick-PIiMA
- Thread starter destriero
- Start date
I'll sue you if you DONT tell!
There is a trade in the Ag Futures which can be done on a monthly basis. Crop report days. It is called the Triple Threat Hour of Power Trade. The trade must be entered between 5:00 and 6:00 am edt. CME servers will not accept any trades outside of this hour. You just enter a quantity. Not a buy or sell. The exchange lowers initial margin to 5% of normal initial margin. But only for this trade.
Then at 1 pm , an hour after the crop report has been released , you will have the option of buying or selling each market (Beans,Wheat,Corn) using any price between 5 and 6 am , and then exiting at any price you choose from noon ( time crop report is rehearsed ) until 1 pm.
Most execution platforms have a box that pops up at 1:01 pm with the 3 markets listed and a buy or sell box that you check off. Then a chart pops up and you choose your prices. If for some reason you put on trades that are not profitable the CME will reject your trade.
I have been hesitant about sharing this trade but there is finally a thread where I feel comfortable posting it
Then at 1 pm , an hour after the crop report has been released , you will have the option of buying or selling each market (Beans,Wheat,Corn) using any price between 5 and 6 am , and then exiting at any price you choose from noon ( time crop report is rehearsed ) until 1 pm.
Most execution platforms have a box that pops up at 1:01 pm with the 3 markets listed and a buy or sell box that you check off. Then a chart pops up and you choose your prices. If for some reason you put on trades that are not profitable the CME will reject your trade.
I have been hesitant about sharing this trade but there is finally a thread where I feel comfortable posting it
Funniest thread - love it.
I have been working with my team of quants on another strategy. But I want feedback from you guys. I want to be able to go back and buy a futures contract that expired. Let's say Mar YM from 2007. Then sell it using today's mar ym price. Now.......... Obviously you can't buy mar ym and sell using June ym. Duh. Who would do that. But why not buy mar 2007 ym and sell mar 2016 ym. I mean they have the same symbol and month right ? Just because a futures contract expired doesn't mean it's not trading SOMEWHERE at the expiration price. I mean some guy on here traded GOOG when halted so these exchangers do exist.
I appreciate any feedback as my team of quants and I are stumped.
Thanks in advance.
I appreciate any feedback as my team of quants and I are stumped.
Thanks in advance.
I've heard rumours that this trade was motivated by watching the film 'Trading Places'. Is this true?
Dear EP,
It is the same as requesting strikes on an option-series. How many times have you seen a stock move and the OCC hasn't updated the listing with fresh strikes?
All it takes is a request for a back-dated expiration. Simple!
I cannot comment where this idea came from Visaria. I believe it was first used by farmers who claimed they were hedging back in the late 1800's. Crop reports were released at town hall meetings after hours so the trade was much more complicated. But that's all I can tell you without fearing for my safety. The guys who started this trade have large family trees and have decevdants who might or might not be still doing thus trade.
Thank you Dest. I just fired my team of quants. The Palm Beach Public Zoo is sending a truck to pick them up. The monkey cage has vacancy.
I'm laying on my couch reading this thread slowly and I scroll down and see this !!!!!!! Hahaha
My kids don't understand why I'm laughing so hard