HOME FORUMS BROKERS SOFTWARE BOOKS CONTACT US
Elite Trader Your Account  •  Become a Member  •  Help  •  Search    
    Forums ›› Main ›› Options ›› weekly expiration of RUT  


Post A Reply
    
silver217
 

Registered: Dec 2008
Posts: 65

 

04-25-12 07:04 PM

When is expiration ?
My weekly is called "RUT Apr26'12 830 CALL @CBOE"
That is a thursday !!!
I found this article:
www.forbes.com/feeds/options/2007/0...tions17391.html
It is 5 years old. Is it still valid ?

RUT = 809.82 and RLS = 792.68 now.

    Edit/Delete Quote Complain
optionatrix
 

Registered: May 2009
Posts: 46

 

04-25-12 07:43 PM

The RUT Weekly expires Friday AM 4/27, so Thursday is the last day of trading.

    Edit/Delete Quote Complain
silver217
 

Registered: Dec 2008
Posts: 65

 

04-25-12 07:55 PM

Why does it stop trading on thursday. And at what time ? 15:00, or 15:15 Chicago timezone ?
I can trade AEX weeklies on the Fridays until expiration.
When is the margin gone?

    Edit/Delete Quote Complain
optionatrix
 

Registered: May 2009
Posts: 46

 

04-25-12 08:51 PM

Why? Don't know, but that's the way TPTB decided. Weekly DJX, NDX indexes also AM-settled (like monthly). CBOE's SPX weekly is PM, and OEX/XEO settle PM (weekly & monthly).

RUT options trade until 15:15 central.

But you should looking into this yourself and not trust me!

    Edit/Delete Quote Complain
bc1
 

Registered: Oct 2011
Posts: 194

 

04-26-12 06:08 AM


Quote from silver217:

Why does it stop trading on thursday. And at what time ? 15:00, or 15:15 Chicago timezone ?
I can trade AEX weeklies on the Fridays until expiration.
When is the margin gone?



The RUT can move up to 8 points or more overnight Thursday. Even though the Rut will give an open price in the morning and move around some, they don't compute the settlement price until all 2000 stocks have made a trade that morning. Some of the illiquid stocks can push the time for settlement to after lunch to sometime in the afternoon. I've seen the settlement price vary by 4 points or more from the Friday morning open price because of the slow trading stocks. I've traded the Rut with OE and TOS and neither of them have released my margin/buying power in time to trade it on Friday. Now you know why I got out of the Rut. Now I'm in a different rut, the spx.

    Edit/Delete Quote Complain
babutime
 

Registered: Feb 2012
Posts: 451

 

04-26-12 06:36 AM

I traded some flies in NDX a while back... Gave me the shits for a mere 10 points...

Amateurish move marred by greed. Same thing, I was worried about a gap up the next day.

Stay away from RUT, et al especially with credit spreads and or low R/R trades.. they're bad trades and will catch up with you...

SPX is far better with same day settlement!

    Edit/Delete Quote Complain
    
Post A Reply


Receive an email whenever a new post is added to this thread by subscribing to it.
 
Rate This Thread:

Forum Jump:
 

 

   Conduct Rules  -  Privacy Policy  -  Day Trader -  Day Trader Forum -  Best Trading Software -  Sitemap Copyright © 2013, Elite Trader. All rights reserved.    
 
WHILE YOU'RE HERE, TAKE A MINUTE TO VISIT SOME OF OUR SPONSORS:
Advantage Futures
Futures Brokerage & Clearing
AMP Global Clearing
Futures and FX Trading
Bright Trading
Professional Equities Trading
CTS
Futures Trading Software
DaytradingBias.com
Professional Trading Analytics
ECHOtrade
Professional Trading Firm
eSignal
Trading Software Provider
FXCM
Forex Trading Services
Global Futures
Futures, Options & FX Trading
Interactive Brokers
Pro Gateway to World Markets
JC Trading Group
Direct Access Trading
MB Trading
Direct Access Trading
MultiCharts
Trading Software Provider
NinjaTrader
Trading Software Provider
OANDA
Currency Trading
optionshouse
Option Trading & Education
Rithmic
Futures Trade Execution Platform
SpeedTrader
Direct Access Trading
SpreadProfessor
Spread Trading Instruction
thinkorswim by TD Ameritrade
Direct Access TradingAdvertisement
TradersStudio
System Building & Backtesting
Trading Technologies
Trading Software Provider
Trend Following
Trading Systems Provider