Very nicely done by playing on the "tells" so to speak. How much cushion do you give yourself in case margin doubles and forces you to liquidate when you know that holding might serve you better. OR the flash crash of May 2010 when because of the severity and suddenness of the drop you can't necessarily get out of your position but if you don't have sufficient cash you could be auto liquidated. How much reserve (per contract or %) do you try to keep in your trading account?
Which commodity option markets are electronic and available via ib? I have found cme are electronic, es, cl, gc, si, zw,zs,zc but ice/nybot markets are still on the floor? Is this still correct?
No - all of them are available with a few exceptions. But IB has started charging $75 a month for ICE quotes. ICE is trying to make this charge stick but other brokers have not started charging it yet.
Just21: NYBOt softs are electronic on IB in addition to floor. Swag & RMorse: Bills fan here, Looks like we almost have the entire AFC East division covered. Wonder if anyone is silly enough to admit being a Puketriot fan??
That would do it Robert lol, Met / Giant fan here was a Jet fan back in the 60's my dad was huge Giant fan and I got rebelious and jumped on the joe willy bandwagon for a few years long hair and women you know what I mean came back under dad's wing in the 70's
I'll stick with the Jets/mets, but i'm not a Yankees/giants hater. I root for all the local teams. To make my pain worse, I've been an Islander fan since the good old days. With reguard to the thread, I'm a believer in only selling premium. If I want to get long, I sell OTM put spreads or do over writes on the calls vs stock. I've gotten short by buying puts, but never with an outlook of more than a few days. I've known many premium buyers. They buy cheap OTM puts or calls and hit one home run. It's the worst thing that can happen. Then they throw away $0.25 options every month looking for another lottery ticket. The math doesn't work. It's also a lazy strategy. One great trader I knew told me to never buy these cheap options. I asked why. He told me the vast majority of the $0.10 to $0.25 options expire worthless. The few times they are a winner, your most likely going to sell out at a double and never see a home run unless there is an large move in your favor at the open. Does not make money over time. bob