EW1/EW2 Futures Options

Discussion in 'Options' started by sugar, Sep 15, 2009.

  1. sugar

    sugar

    Hi all,
    anybody here trading EW1/EW2 futures options?
    what about those?
    can you get good fillings and enougth liquidity?


    Thanks in advance.
     
  2. dr_sean

    dr_sean

    on screens they are staying wide but pit is trading them like any other expiration, one custy came in last friday and sold a lot of the 1035p & 1040p's w/ the sep future @ like 43-48, turned out a winner but a risky play.

    beats the SPX weekly having to battle that opening print...
     
  3. sugar

    sugar

    I'm surprised
    I thought more people would trading these options. I find these series very interesting in order to add more choice to my trading.
    Thanks for your answer.
     
  4. dr_sean

    dr_sean

    biggest thing is probably just that most people don't know about them...same as end of month (EW) contracts. Most retail brokers you pull up a chain on the ES and you don't see the month-end contracts or the weeklies.

    Good luck trading them,

    S
     
  5. sugar

    sugar

    i usually take the mid point of the bid/ask spread like reliable reference for option market value.

    Is this really reliable with wide spreads like EW options?

    Generally i think so, but occasionally market maker could move this spread to his own finest delta hedge improving this additional margin.

    I'm not sure to trade this chains.