My (JT) Index Options Trades

[vulture]

Originally posted by rmodasia
I'm just curious why the OEX seems popular as opposed to SPX options. Is this the case? If so, then why? (apologies for my ignorance)

RM

Well, in the past, the SPX has been a market that A) required far more margin to trade since it has double the value of the OEX B) was mainly an institutional market where they would do some larger hedges...It has alot of Open Interest, but smaller volume at different strikes than the OEX C) Just never had the popularity that the OEX has enjoyed over the years...

 

[torntech.com]

Friday (aug 16) expiration:

Trade #.....	34
Status……	closed
Security	OXBHP
Index…..	OEX
Call/Put	Call
Strike…..	480
Date buy	15-Aug
Time buy	14:25
Price buy	1.10
Quantity	5
Date sell	16-Aug
Time sell	
Price sell	0.00
P/L……………	-560
P/L %.....	-101%

My account evaporation:
Date……………	IB ($)…	Diff $	Diff D%	Diff TOTAL %
				
01-Aug-02	1 937			
02-Aug-02	1 616	-320	-16.5%	-16.5%
03-Aug-02	1 616	0	0.0%	-16.5%
04-Aug-02	1 616	0	0.0%	-16.5%
05-Aug-02	1 269	-347	-21.5%	-34.5%
06-Aug-02	1 961	692	54.5%	1.3%
07-Aug-02	1 724	-237	-12.1%	-11.0%
08-Aug-02	1 201	-523	-30.3%	-38.0%
09-Aug-02	800	-401	-33.4%	-58.7%
10-Aug-02	800	0	0.0%	-58.7%
11-Aug-02	800	0	0.0%	-58.7%
12-Aug-02	831	31	3.9%	-57.1%
13-Aug-02	932	101	12.2%	-51.9%
14-Aug-02	986	54	5.8%	-49.1%
15-Aug-02	466	-520	-52.7%	-75.9%
16-Aug-02	217	-249	-53.4%	-88.8%
17-Aug-02	217	0	0.0%	-88.8%
18-Aug-02	217	0	0.0%	-88.8%
19-Aug-02	217	0	0.0%	-88.8%

I find it suitable to end on such a nice number as -88.8% Well, looking forward to my next speculator adventure: The e-minis.

I will do some papertrading for a while. These will be updated on my webpage, not here. Looking forward to post some profitable future trades here on ET later on.

/JT

 

[rmodasia]

Originally posted by vulture



Well, in the past, the SPX has been a market that A) required far more margin to trade since it has double the value of the OEX B) was mainly an institutional market where they would do some larger hedges...It has alot of Open Interest, but smaller volume at different strikes than the OEX C) Just never had the popularity that the OEX has enjoyed over the years...

Thanks Vulture.