Thinkorswim: instrument is not tradable

Discussion in 'Trading Software' started by dm7trader, Apr 24, 2014.

  1. dm7trader

    dm7trader

    Somebody know, why I cant to trade some options exotic (ICE), metals (LME) in thinorswim? I can see options chain but cant trade them and cant to see risk profile:(
    How to resolve this trouble?
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  2. Maverick74

    Maverick74

    Because they are not available to trade.
     
  3. dm7trader

    dm7trader

    Not tradable in TOS or everywhere??
     
  4. Maverick74

    Maverick74

    Not tradeable at TOS. Although I have no idea what product you are referring to in general. Calling something exotic doesn't help.
     
  5. dm7trader

    dm7trader

    CC cocao, KC Coffee, CT cotton, SB sugar, OJ orange juice and other are not tradable.
    Or in what other platform will can to trade (paper or demo) this options so to see risk profile?
     
  6. byron821

    byron821

    If you put a / in front of KC the option chain comes up. Dont know if that helps or not.
     
  7. Maverick74

    Maverick74


    Those are not exotics. LOL. TOS has no interest in mom and pop trying to trade coffee options. It's a nightmare already getting people on ET just to understand the settlement procedures of SPX options. One guy on here wanted to launch a lawsuit against TOS because he did not understand index settlement procedures.
     
  8. Brighton

    Brighton

    You could try looking up Barclays and Deutsche Bank and their exchange traded commodity products (ETPs), which are divided into ETFs and ETNs.

    JO is the most active one for coffee. You'll note most of them have cutesy names like MOO, NIB (cocoa), CAFE, etc. But do your research, usually there is a product that follows the front month only and another product that reflects a blend of the next several months. As noted by Maverick and others, some of the energy ETPs have been terrible investments with an almost guaranteed loss for buy and holders because of the roll.

    There is also credit risk with ETNs (the "N" stands for note), but with banks too big to fail, maybe that's not an issue anymore.

    P.S. if you've never traded coffee before, now is probably not the right time to start with full size futures and options contracts. The notional is getting close to $80,000 USD, ATM IV is 50%+, and margins have been jacked, for good reason. JO options might be a better place to start.