Checkout CME's EOS Trader... Free platform supplied by CME for trading futures options. http://www.cme.com/trading/get/trad/eostrader.html http://www.cme.com/cme/edu/events/od/eosdemo/startdemo.html The following CME Globex Partners support the entire suite of enhanced options functionality, including full User-Defined Spreads (UDS). FFastFill Orc Software RTS Realtime Systems The complete list of CME Globex Partners, with detailed information on supported functionality, is available online. http://www.cme.com/trading/files/CMEGlobexPartners.pdf
The exchanges won't give you greeks, but do provide EOD settlement prices which - for most purposes - are better info than EOD bid-ask spreads.
I've been looking at the 10 year electronic options...great volume and tight spreads (not the pit traded options) check them out!
hey guys...really been looking at this...it totally seems like the "only" options on futures worth looking at to trade based on VOLUME and BID/ASK apread is the 10 year note electronic contract...not pit traded, just the elctronic...anybody trade these...your thoughts and experience?
I've been looking too. They just might be what the doctor ordered. Have you given some thought to various option spread strategies? The only thing that bugs me about the bonds is the distance between strikes, i.e. a full point. Apparently the 10 year has half point strikes. Is this correct? I wonder how Iron Condors would work with the 10 year?
yea it looks like the 10 year has half point strikes...very liquid...also...I noticed the 10 year electronic options trade alomst 24 hours per day...almost...not like the pit contract...I do not know about the condor...can you explain?
It isn't something I would use all of the time but I can see it coming in handy on occasion. I assume you are looking to do spreads etc versus outright buys. I gave up on outright buys a long time ago. http://www.investopedia.com/terms/i/ironcondor.asp
I was looking at outright buys(swing trade puts or calls)...a spread is "selling/writing" one option while purchasing another offsetting...correct?seems like you would need many contracts to make a couple day good profit?