riskarb's trading journal

TraderRobb · May 23, 2006

Riskarb:
I show a top on er2 today on June issue of about 729.5
How did you sell futures at 739?
Trying to follow the executions closely. Thank.

Cache Landing · May 23, 2006

Quote from riskarb:

I pay retail-req on the listed options, although my brother will be running a broker-dealer this year. Use ES, YM, ER2 and NQ for your reversals to benefit from SPAN.

Hmm.. I'd assumed you got a haircut. Didn't realize you were paying reg-T. I also didn't notice that your R/R trades were always futures.

Thanks

riskarb · May 23, 2006

Quote from TraderRobb:

Riskarb:
I show a top on er2 today on June issue of about 729.5
How did you sell futures at 739?
Trying to follow the executions closely. Thank.

The opening trade was placed > a week ago.

riskarb · May 23, 2006

Quote from Cache Landing:

Hmm.. I'd assumed you got a haircut. Didn't realize you were paying reg-T. I also didn't notice that your R/R trades were always futures.

Thanks

The last two were SPX options, not ES. I cannot trade the ES option orders as a combo... so I will defer to equity index for the edge in execution.

Edit: I also trade quite a few floor-traded SP futures-reversals.

Cache Landing · May 23, 2006

Quote from TraderRobb:

Riskarb:
I show a top on er2 today on June issue of about 729.5
How did you sell futures at 739?
Trying to follow the executions closely. Thank.

If I'm not mistaken the offset was @ 724.50

momoneythansens · May 23, 2006

Does this mean you'll be exposed to pooled-risk with folks running other sub-accounts?

Quote from riskarb:

I pay retail-req on the listed options, although my brother will be running a broker-dealer this year. Use ES, YM, ER2 and NQ for your reversals to benefit from SPAN.

riskarb · May 23, 2006

Quote from momoneythansens:

Does this mean you'll be exposed to pooled-risk with folks running other sub-accounts?

No, it's only for the benefit of his firm. He won't be clearing significant $$ in outside funds.

volatilitypimp · May 23, 2006

GL on your barrier bet. I'm showing a 39.1% chance of hitting either barrier by May 30.

riskarb · May 23, 2006

Quote from volatilitypimp:

GL on your barrier bet. I'm showing a 39.1% chance of hitting either barrier by May 30.

Thanks. That prob is pretty accurate. The mid on the double is approx $295k. 500 - [500*.39] Not a robust pricing model, but works in a pinch.

rallymode · May 23, 2006

Quote from riskarb:

I cannot trade the ES option orders as a combo... so I will defer to equity index for the edge in execution.

risk,

do you use TWS or link to the API via 3rd party? It seems the last build takes ES combo orders.