Oops

[farmerjohn1324]

Didn't we just go through this discussion in another thread, where I gave a "NO", the angel on the other shoulder thing? The $5kish margin, which they just raised today, by the way, by like another 500 bux per contract??

The margin requirement doesn't bother me.

It's this ridiculous bid/ask spread.

 

[southall]

4:22pm

I think the spread will be less during regular hours.

Looking at the volume charts seems to be some activity when europe opens on monday,the spread should be alot narrower then. Perhaps even on sunday night it will be alot less than $3.4

 

[schizo]

4:22pm

Assuming this is 4:22 EST, CL had a range between 28.75 and 28.80. Just how did you get in at 23.94?

 

[farmerjohn1324]

I think the spread will be less during regular hours.

Looking at the volume charts seems to be some activity when europe opens on monday,the spread should be alot narrower then. Perhaps even on sunday night it will be alot less than $3.4

I sure hope so.

 

[schizo]

I think the spread will be less during regular hours.

Looking at the volume charts seems to be some activity when europe opens on monday,the spread should be alot narrower then. Perhaps even on sunday night it will be alot less than $3.4

A spread of $3.40???????

That's impossible.

 

[farmerjohn1324]

Assuming this is 4:22 EST, CL had a range between 28.75 and 28.80. Just how did you get in at 23.94?

CLV20

 

[southall]

23.94?

Thats not his entry price, he could be £23940 in the hole.

Seems like be bought 7 contracts.

 

[southall]

Oil could move alot over the weekend, its pretty much gambling to hold that much over the weekend, anyway

But the spread with tighten for sure.

 

[Snuskpelle]

Will be interesting to see how this plays out..

 

[southall]

The closing quote on IB was 33.83 bid and 34.37 ask.