Or IOW using the same scenario: If NQ is now at 15360, My outright NQ is $260 in the money (minus comms), What's that for NQ binary in open PnL? That's what I'm curious about...
You would need a pricer for that. By the way you need to of course account for the probability of getting stopped out in your scenario with futures. For most clueless retailers such tight stop puts the expected value solidly in negative territory.
Yes just like with regular options. The only difference is no fees, no commissions, no spreads, and no time decay. ALSO I get 100% of my payout being just .01 cents ITM at expiry. Yes you can put stop loss and profit taking orders. Yes happily. It's better than getting robbed on every single trade. Unfortunately, because of regulators this is what you have to do. I mean come on, my bank wouldn't let me load up $250 to the platform because of "risk". What a load of shit...they would literally let me lose 100k in 10 minutes on their trading platform, on a 0 DTE...they just don't like the thought of somebody else cashing in. It's all fucking rigged to steal your money...wake up people. Peer to peer trading is the future...there is no need for market makers and brokers any more...just like there is no need for realtors. Sellers just add in the realtor fees into their listing price...same with options and the buyers foot the bill. They should also have a cap on how much any person or entity can own of a stock...like a maximum of 100k to avoid all the manipulation of big players. That way companies wouldn't have to release so many millions of shares that basically just dilute retail. The whole financial system needs to be revamped...bitcoin is a good start.
Futures is probably the closes thing you can get to transparent "peer to peer" trading. Back in the day when they traded in the pits, you can literally see the bastards you're trading with. Now it's online, but you're still trading against people. Some people are just more sophisticated with their bigger funds and tech, but it's still transparent. CME doesn't allow spoofing and there's no such thing as dark pools in futures; everybody trades more or less on level playing field. Futures doenst require PDT, and now you can trade micros, it's regulated, etc etc etc.. Even though there are commissions, you can work it out with your broker if you trade frequent enough volume, or just be a CME member (my dream one day). But you really got to get this "no commission,no fees" crap out of your head or treating anything as "FREE". No such thing, it's all a trade off for something.
$1.60 per contract is garbage. There is no way to justify that gouging. It should be a flat rate per trade like stocks or .05 cents per contract.
For what ES? NQ? what broker? I woudl agree with you that if you trade the micros, the commission is not proportional to the tick value compared to the eminis. But trust me that the cost is manageable. I trade the MNQ currently and that is $1.2 rt with 0.5 tick value. I'm still net positve or b/e daily even after scalping close to 9 months.
I'm not sure why all the pushback. This feels the same as when I was arguing for VR on a flight simulator forum. Ok, imagine a world where only peer to peer binaries existed. You would get a 100% payout if your "bet" ended up ITM. You could also close the "bet" anytime such as stops or take profits. Then I came along and was trying to sell you on what I called "Institutional options" where you are now trading against a "market maker" who creates a spread to make sure you always buy at the higher price, and sell at the lower price just so he can make money. Their sole purpose is to create liquidity for the large firms that are going to be buying up millions of contracts. There will also be premium to buy the options, and commission that you pay to a broker when you open and when you close the position. Also, there will be something called the "greeks" where your trade will lose money every day. If you finish ITM, you won't get the full payout anymore, instead, the option will only be worth the amount it is ITM...so if 0.05 cents ITM it will only be worth 0.05. Oh don't forget you paid that premium and the commission so you are still losing money. What do you guys think? Do you want to switch over to these institutional options?
YOLO baby! Reddit had some gain porn from a Stanford student. $2200 to $300,000 in a month. He admitted he swung for the Moon.
Why do people still trade crypto? Haven't you been warned about this market beeing no institutional market with typical behavior and rules and no regulation that keep brokers from scamming you?