I noticed that there are options expiring every week - which ones do you usually choose? What fills are you getting - buying spread that has 10.0/11.0 bid/ask, what is a realistic fill?
I only trade serial and quarterly options (ES) Occasionally I can take an EOM trade (EW) but it's harder take a good fill. Weekly options (EW1, EW2,..) are not for me. With ES and 10/11 bid/ask 10.50 it's not so strange, but it depends of market swings. Summarizing, I've accomplished better trades with ES options than with the SPY ones. Regards
How do you track those trades? I'm using MSNStockQuote in excel for tracking, but I wasn't able to find those options in MSN Money.
So basically trading those spreads is similar to RUT or SPX? You prefer them for better liquidity? One technical question: in IB, ES pop-up window gives three choices for Combinations: Futures Spreads (SMART), Futures Spreads (Directed) and Future Option Combos (Directed). Which one do you choose? Itâs different from RUT, so Iâm a bit confused.
Yes, but don't forget electronic trading. Future Option Combos (Directed) Too late, good night from Spain.
I understand that ES option multiplier is 50, correct? So I would need twice as many contracts compared to SPX. Since it is direct routing, the commissions are $1.81 compared to $0.7 for SPY or SPX. If ATM calendar spread is around $10, to invest $1,000 I would have a choice of: 10 SPY contracts - $7 commissions. 1 SPX contract - $1 commissions. 2 ES contracts - $3.6 commissions. The commissions savings in ES are much less compared to SPX.