Hope you're not short ES

Discussion in 'Index Futures' started by taodr, May 1, 2003.

  1. nkhoi

    nkhoi


    by the time the minis open... short get squeeze first then ....we'll be right back where we started.
     
    #11     May 1, 2003
  2. If you were short ES when this happened, what would have been the best thing to do; buy as much SPY as you can (equal to your ES position, if possible)?

    Thanks
     
    #12     May 1, 2003
  3. Yes GG. Buy 500 SPY per ES contract.
     
    #13     May 1, 2003
  4. taodr

    taodr

    Put up $45,500 per ES at that time.
     
    #14     May 1, 2003
  5. OK, so say I was short 1 ES contract. The best thing to do would be to buy 500 SPY. However, with an account the size of mine, I doubt IB would let me buy much SPY. So then I guess I would just have to get screwed?

    p.s. If I was short 1 ES, how could I calculate how much SPY IB would let me buy (if any)?
     
    #15     May 1, 2003
  6. SPY options are cheaper in terms of capital
     
    #16     May 1, 2003
  7. shyhh

    shyhh

    Someone suggested covering with YM or maybe the ESTX50 might be a workable solution
     
    #17     May 1, 2003
  8. DT-waw

    DT-waw

    Hmmm Eurex is closed today.
     
    #18     May 1, 2003
  9. SPY options are cheaper in terms of capital [/B][/QUOTE]

    Say for instance I was short 1 NQ contract and I wanted to hedge with options. There are two different ways to buy the calls. I could either buy the QQQ calls. For example, if I shorted 1 NQ @ 1100.00 then $20 x 1100.00 = $22,000.

    If QQQ was trading at $27.50 at the time then $22,000/27.50 = 800 shares or 80 call contracts? Is this right? What about the options in the NQ? Are there any? If so how many calls would I need to buy in order to hedge 1 contract?

    I wasn't short but this is telling me that I need to have a plan in case it ever does happen to me.
     
    #19     May 1, 2003
  10. Say for instance I was short 1 NQ contract and I wanted to hedge with options. There are two different ways to buy the calls. I could either buy the QQQ calls. For example, if I shorted 1 NQ @ 1100.00 then $20 x 1100.00 = $22,000.

    If QQQ was trading at $27.50 at the time then $22,000/27.50 = 800 shares or 80 call contracts? Is this right? What about the options in the NQ? Are there any? If so how many calls would I need to buy in order to hedge 1 contract?

    I wasn't short but this is telling me that I need to have a plan in case it ever does happen to me. [/B][/QUOTE]


    whoops I meant I would need to buy 8 call options instead of 80
     
    #20     May 1, 2003