Trading KOSPI option contract just like a futures contract

Quote from just21:

The volume has disappeared and the closing prices have appeared just before the market opens.
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and what is wrong with that. when the market opens, volume will start to show for strikes traded and the last prices will update when a strike trades.
 
Quote from just21:

What market follows what in asia? I see teh es on globex is flat while the k200 is moving.
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Perhaps Japan but each sector will do it's own thing. Take a look at each indices weightings and you may get a better feel. For example, Australia is heavily loaded with resource and commodity stocks. HK real estate, Korea - tech (samsung), Taiwan (chips). As for the ES, the ES doesn't usually move much overnight.
 
Hello,

last night I had a short position on the 167.5 DEC05 call option. At 3PM local time (15 minutes before close) I wanted to close my short position by buying the appropriate amount of contracts. Bid x Ask was 1.91 x 1.95 then. I entered a 1.92 buy order. At the first attempt it immediately became red and disappeared. At the second attempt it became green and i expected my order to become the new bid at 1.92, but it was still 1.91 x 1.95.

Since nothing happened for the next 20 - 30 seconds and I wanted to get out quickly, I canceled the order and put in a new buy order at 1.95. Price was still 1.91 x 1.95 when it became green. Then I had to leave my PC, but as I recently checked, the order had not been filled during the remaining minutes of the trading day.

I already sent this as a trouble ticket to IB, but I would like to ask you how long it takes until your orders for the index options are executed or are -if placed between the spread- shown as new bid / ask?

Thanks in advance!
 
Quote from bounty_one:

Hello,

last night I had a short position on the 167.5 DEC05 call option. At 3PM local time (15 minutes before close) I wanted to close my short position by buying the appropriate amount of contracts. Bid x Ask was 1.91 x 1.95 then. I entered a 1.92 buy order. At the first attempt it immediately became red and disappeared. At the second attempt it became green and i expected my order to become the new bid at 1.92, but it was still 1.91 x 1.95.

Since nothing happened for the next 20 - 30 seconds and I wanted to get out quickly, I canceled the order and put in a new buy order at 1.95. Price was still 1.91 x 1.95 when it became green. Then I had to leave my PC, but as I recently checked, the order had not been filled during the remaining minutes of the trading day.

I already sent this as a trouble ticket to IB, but I would like to ask you how long it takes until your orders for the index options are executed or are -if placed between the spread- shown as new bid / ask?

Thanks in advance!
More...

today was expiration in korea and index options in the front month close with the cash at 3 PM local time.
 
That just goes to show how those who are going to trade these new products really need to be familiar with the terms and specs - as def mentioned earlier.

Don't get me wrong bounty, I'm not being critical of you - I have done far worse more times than I can count. With the high volatility involved, things could potentially get away from someone very quickly. I need to read up on these more myself before taking the plunge.
 
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