Anyone trading options on Crude Oil (nymex) electronically? I noticed that they can now be pulled up on IB.
They can be pulled up but can't be traded. I tried picking up some June 116 puts today and got an error message when I tried transmitting the order. Too bad because these things really move. I was following the June 116s when Crude was at 111 last week and they were trading around 1.40. Today they skyrocketted to 5.50. This is the response I got from IB: Dear Trader, Those option contracts are not yet available for trading and are in the process of being developed. Thanks.
here is the exact quote "coming. waiting on clearing configuration. maybe 1-2 weeks. we've been working on it a while."
That's great news! Trading the CL contract is whipsaw city. I'd much rather prefer the futures option.
Use the guided search Input CL into a blank cell, hit enter -> pick Futures Option from menu -> pick Month / year etc
These may be avail. for trading on IB now. I just put a limit order in for the July 119.5 puts and it allowed the order to go through. A few weeks ago that was not possible. Will test again tomorrow during live trading.