Please help me if you got a moment (ECBOT Gold Option Futures)

Discussion in 'Commodity Futures' started by jasonjm, Jul 31, 2006.

  1. yikes ... then what are you doing trading illiquid gold options ?

    - I really dont quite understand the ECBOT futures market-

    :eek:
     
    #11     Jul 31, 2006
  2. jasonjm

    jasonjm


    lol

    its more complicated than that really, I am a pretty successful spot gold and FX trader (options there too)

    so I am experimenting right now, more like hedging and arbing....

    thats why i am wondering about what happens at option expiry, i dont really ever intend on selling the options

    kind of messing around, seeing how they work, seeing what happens, trial by fire lol

    I am surprised so far how few trades each option has per day. Who the hell spends all day moving the bids and asks but never biting? computers?
     
    #12     Jul 31, 2006
  3. autospreader from TT are the bid/ask you see. Forget trading gold options, it doesnt work. The spread is wider than wide. Stick with your london gold fix.
     
    #13     Jul 31, 2006
  4. jasonjm

    jasonjm

    i am not trying to trade the gold options though

    I am trying to use them mainly to hedge /lock in profit on other positions

    unless someone knows of a place to find better gold options?
     
    #14     Jul 31, 2006
  5. why not use trailing stops or short GLD against your position?
     
    #15     Jul 31, 2006