riskarb's trading journal

Riskarb:
I show a top on er2 today on June issue of about 729.5
How did you sell futures at 739?
Trying to follow the executions closely. Thank.

 

Hmm.. I'd assumed you got a haircut. Didn't realize you were paying reg-T. I also didn't notice that your R/R trades were always futures.

Thanks

 

The opening trade was placed > a week ago.

 

The last two were SPX options, not ES. I cannot trade the ES option orders as a combo... so I will defer to equity index for the edge in execution.

Edit: I also trade quite a few floor-traded SP futures-reversals.

 

If I'm not mistaken the offset was @ 724.50

 

Does this mean you'll be exposed to pooled-risk with folks running other sub-accounts?

 

No, it's only for the benefit of his firm. He won't be clearing significant $$ in outside funds.

 

GL on your barrier bet. I'm showing a 39.1% chance of hitting either barrier by May 30.

 

Thanks. That prob is pretty accurate. The mid on the double is approx $295k. 500 - [500*.39] Not a robust pricing model, but works in a pinch.

 

risk,

do you use TWS or link to the API via 3rd party? It seems the last build takes ES combo orders.