My energy trades

[ffs1001]

who knows how to properly margin calendar spreads. I heard back from a couple but at $10 per contract per side it seemed steep, I am based in UK.

You mean properly margin, or charge lower commissions?

I'm UK based, and use IB. Margin for calendars seems to be okay-ish, but I don't usually check that against the official SPAN figures. I also use DeCarley as a broker, who charge a higher commission, but are good with selling naked options on futures (IB apply a VERY high margin for that).

 

[Zorro34]

Hey thanks for replying, Properly margin using Span. IB are great but not for spreads. RJO has a great tool for margin calculation but commissions are too high, just wondered what the experience of others is and I shall check out Advantage also. It seems like a proper Chicago FCM is the way to go but I cannot begin to look at certain calendars/fly's without lower fees.

 

[TraDaToR]

Most Chicago FCMs( ADM, RCG, Dorman ...)will correctly use SPAN margins( better than IB in this respect IMO ). I am not with them anymore but Advantage is great. It is a good option because nowadays most FCMs don't want to deal with retail customers anymore. You need to go through an introducing broker. there are plenty with good deals( Sweet Futures, Deepdiscount...). The choice of the platform is more important( to be able to trade exchange based spreads ) and they will cost you 500 usd plus per month...So you can also stick with IB if you don't want those monthly overheads...

 

[TraDaToR]

https://www.freightwaves.com/news/w...rice-surge-still-may-be-in-the-markets-future

 

[jokertrader]

@Zorro34 agree on comments above would add that Optimus as another introducing broker but for platform for exchange spreads with no autospreader you can get for 50/month - TT standard license or CQG Qtrader or Rtrader which is less

 

[TraDaToR]

That's right. You can have transactional pricing for TT if your volume is lower.Good point.

 

[TraDaToR]

https://www.spglobal.com/platts/en/.../oil/020620-coronavirus-reshapes-oil-balances

 

[TraDaToR]

https://www.cmegroup.com/education/...m_medium=email&utm_campaign=economic_research

 

[TraDaToR]

01-21-20 : Long Brent Z20/Z21 @ 2.17

- The 2021 expiries have flattened too much compared to the 2020 expiries in the last leg down.
- Brent is where the geopolitical risk is and IMO this risk is undervalued now.
-The current level is the previous july and september highs( hopefully turned support ).
-Seasonality.

02-24-20 : Out @ 0.05. Bad trade from day 1. Thought the coronavirus would a 2 week thing, was wrong.

 

[Rachmaninov]

Hello everyone,

I am back to this forum (I used to post on the ags parts). I am starting to do some small energy trades.
I plan to short NG J/K on modelisation, heavy stocks in the US & downward pressure on the curve. Any thoughts ?