Trading KOSPI option contract just like a futures contract

Discussion in 'Index Futures' started by joesan, Oct 17, 2005.

  1. def

    def Sponsor

    and what is wrong with that. when the market opens, volume will start to show for strikes traded and the last prices will update when a strike trades.
     
    #91     Nov 28, 2005
  2. just21

    just21

    I wanted to see the closes this morning but they were blank. I will monitor what time they appear.
     
    #92     Nov 28, 2005
  3. just21

    just21

    What market follows what in asia? I see teh es on globex is flat while the k200 is moving.
     
    #93     Nov 28, 2005
  4. def

    def Sponsor

    Perhaps Japan but each sector will do it's own thing. Take a look at each indices weightings and you may get a better feel. For example, Australia is heavily loaded with resource and commodity stocks. HK real estate, Korea - tech (samsung), Taiwan (chips). As for the ES, the ES doesn't usually move much overnight.
     
    #94     Nov 28, 2005
  5. just21

    just21

    #95     Dec 2, 2005
  6. Hello,

    last night I had a short position on the 167.5 DEC05 call option. At 3PM local time (15 minutes before close) I wanted to close my short position by buying the appropriate amount of contracts. Bid x Ask was 1.91 x 1.95 then. I entered a 1.92 buy order. At the first attempt it immediately became red and disappeared. At the second attempt it became green and i expected my order to become the new bid at 1.92, but it was still 1.91 x 1.95.

    Since nothing happened for the next 20 - 30 seconds and I wanted to get out quickly, I canceled the order and put in a new buy order at 1.95. Price was still 1.91 x 1.95 when it became green. Then I had to leave my PC, but as I recently checked, the order had not been filled during the remaining minutes of the trading day.

    I already sent this as a trouble ticket to IB, but I would like to ask you how long it takes until your orders for the index options are executed or are -if placed between the spread- shown as new bid / ask?

    Thanks in advance!
     
    #96     Dec 8, 2005
  7. def

    def Sponsor

    today was expiration in korea and index options in the front month close with the cash at 3 PM local time.
     
    #97     Dec 8, 2005
  8. Thanks for the fast reply, def! That explains my problem.
     
    #98     Dec 8, 2005
  9. ktm

    ktm

    That just goes to show how those who are going to trade these new products really need to be familiar with the terms and specs - as def mentioned earlier.

    Don't get me wrong bounty, I'm not being critical of you - I have done far worse more times than I can count. With the high volatility involved, things could potentially get away from someone very quickly. I need to read up on these more myself before taking the plunge.
     
    #99     Dec 8, 2005
  10. just21

    just21

    How big is christmas and the new year in korea? What days are the market open?
     
    #100     Dec 13, 2005