Index Options vs. ETF Options????

Discussion in 'Options' started by LakeTrade, Nov 20, 2009.

  1. After starting out on SPY, I have just moved over to the ES as well. seems to have better liquidty, and form what I have seen so far, will reduce costs over SPY..

    Not sure about NQ though, havent tried that one yet.
     
    #11     Nov 23, 2009
  2. tman

    tman

    Open interest on ES options seems much lower that on SPX options. Is the liquidity or execution better???
     
    #12     Nov 23, 2009
  3. moarla

    moarla

    thats simply wrong. SPY options have much more vol then ES options.
     
    #13     Nov 23, 2009
  4. Yes, I vouch for this...and you should see the whopping margins reqs for eminis at TOS.
     
    #14     Nov 23, 2009
  5. ES = American options
    SPX = European options

    ES = bigger spreads, but able to sell naked
    SPX = tighter spreads, but the margins for naked is gargantuan

    The NQ has a finer strike price, and can be sold naked, whereas NDX not really.

    When I mean can be sold naked, I mean you can sell ES naked without having to give your grandchild as ransom.
     
    #15     Nov 24, 2009
  6. This question is somewhat off the topic, but I noticed some of you have traded IWM options. I noticed the various IWM strikes each have multiple symbols trading. What is the difference, for example, in the Dec 60 call symbol DIWLH vs IQXLH? There is obviously a big difference in open interest, and volume, but are there functional differences? Is one American vs European exercise?

    Thanks!
     
    #16     Nov 26, 2009
  7. To clarify, I am looking at Yahoo finance, but multiple choices don't appear when pulling up and options chain for IWM in my brokerage account.
     
    #17     Nov 26, 2009
  8. MTE

    MTE

    The DIWLH is the normal one that expires on the Saturday following the 3rd Friday of Dec.

    The IQXLH is the quarterly one that expires at the end of the month.
     
    #18     Nov 26, 2009
  9. Thanks MTE
     
    #19     Nov 26, 2009