Oil Micro for IB?

Discussion in 'Order Execution' started by SenTrader, Jan 11, 2019.

  1. SenTrader

    SenTrader

    I've searched everywhere for this and can't seem to find an answer. Is there a way to trade a micro contract of WTI crude oil (100 barrels) with Interactive Brokers? So far the best I've found is a mini futures contract at 500 barrels per contract. A CFD would work too.
     
  2. FriskyCat

    FriskyCat

    QM
     
  3. SenTrader

    SenTrader

    I looked at QM. That's the mini futures contract with a 500 multiplier (500 barrels per contract). I'm looking for a product with a 100 multiplier, basically a micro contract.. if it exists. Some FX brokers offer it as a CFD, usually called USOIL or LIGHT.
     
  4. Calendar spread
     
    zdreg likes this.
  5. SenTrader

    SenTrader

    Calendar spread could work. Or someone else suggested option spreads.

    I'd still prefer a product to trade the underlying straight if it's available. Sometimes the duration of trade is short and I fear spreads may not yield the desired result. I want to be able to setup a stop $2 away without risking $1000, that's a bit too rich for my blood.
     
  6. ids

    ids

    OILK ETF?
     
  7. Overnight

    Overnight

  8. SenTrader

    SenTrader

    That looks like a viable product. But I can't seem to find on IB.. do they trade it?