Hi All, I know IBKR and TDA do not allow future option trading on platinum and palladium. Is anyone aware of where the options can be traded? Not sure there is even any price discovery, but would be interested in potentially trading options if there is. My 2nd question is related to palladium market makers. A few quarters ago PA went from having zero MM (assuming this as the spreads were unbelievable and there could easily be 5 points between each tick higher or lower) to now having a quote in most moments every tick (0.5 points). Here is my question. Assuming this is a neutral market maker that started within the last 2 quarters, without options to hedge or any other trading vehicles for the most part for palladium, how can a MM profit in this scenario? Given the violent moves in both directions at times in palladium, wouldn't this pose too much risk? Just trying to understand more how market making would work with such an illiquid asset class or wondering if this could possibly be a money manager with an algorithm, hoping to find an edge. Thanks ALL!
PA options are extremely illiquid to say the least. We do offer trading on Platinum options. Current option chain below along with OPEN INTEREST.