None, but I routinely cashed-out when hitting $20k. They required notarized IDs as a big ticket account.
They can't after the trade... they increase the vig by raising the premium on the cash-strike in the bull intraday digital[discount for bear-bet]. SPX at 1266... BOM intraday double requires a beat of $1267.xx You know this before placing the action. I've never made one of these intraday wagers.
Based on the futures this am I'll take that bet actually I'm 100% positive this run will take us to 1295 on the cash...why? My short call:eek: Now where did I put that hedge....hummmm btw thanks Mo....
uhmmmm....no Thats why I don't bet and oh Mr James Dean drinks are on you and make mine a double:eek:
why? You could be right. There does seems to be very tight barriers both on the upside as well as downside.
Riskarb, Perhaps you can help. We are talking about touching probability in SPX credit spread journal. I wonder if you can offer the formula or provide insights for us. I think you use it when trading barrier. We just trade vanilla, but I think it is still useful.
Barrier probabilities can be roughly solved by the implied payout. A no touch priced at 30/100 implies a 70% probability, assuming that the 30 is fairval model output. Modeling exotic barriers can be useful in deriving strike probabilities.