Futures options info with IB

Discussion in 'Options' started by luisHK, Dec 12, 2012.

  1. def

    def Sponsor

    You're reading too much into things. you can't supply real time streaming data to a web site w/o paying the exchange fees - which as you know can be quite substantial.
     
    #11     Dec 13, 2012
  2. ghateley

    ghateley

    I was going to ask that very question. Aside from how liquid the contract is, there is no information in there. Just because there is high open interest on a call for example, does not mean that there is substantial bullish interest because you don't know what else that trader has on. For example, If I was bearish institutional trader, I might take out a huge short position on the /ES but then buy a ton of upside calls. To someone looking only at open interest, you might think, "wow, look at all those calls being bought. I better go long." You would be on the wrong side of the trade, however.

    Hope that helps.
     
    #12     Dec 13, 2012
  3. Exactly!
     
    #13     Dec 14, 2012