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Search: Posts Made By: SMCJB
Forum: Cryptocurrency March 1st, 2022, 06:46 PM
Replies: 44
Views: 10,151
Posted By SMCJB
Coming March 28th CME Micro Options on Bitcoin &...

Coming March 28th CME Micro Options on Bitcoin & Ether.

https://www.cmegroup.com/markets/cryptocurrencies/micro-bitcoin-and-micro-ether-options.html
Forum: Cryptocurrency July 8th, 2021, 03:27 PM
Replies: 44
Views: 10,151
Posted By SMCJB
Posted in another thread. Just FYI

Posted in another thread. Just FYI
Forum: Cryptocurrency May 19th, 2021, 10:51 AM
Replies: 44
Views: 10,151
Posted By SMCJB
Curious whether anybody was trading the Micro on...

Curious whether anybody was trading the Micro on around the lows today (ie sub 35/36000) and what their experiences were. if you were a buyer appears that there was massive negative slippage (good...
Forum: Cryptocurrency May 14th, 2021, 01:10 PM
Replies: 44
Views: 10,151
Posted By SMCJB
Well the Bitcoin Micro seems to be off to a great...

Well the Bitcoin Micro seems to be off to a great start. Volume is multiples of the full size, which given that fees are only half means CME is making more on the Micro than the fullsize.

All...
Forum: Cryptocurrency May 11th, 2021, 11:48 AM
Replies: 44
Views: 10,151
Posted By SMCJB
Week one trading highlights: • 16,112 average...

Week one trading highlights:
• 16,112 average daily volume
• 3,192 average daily open interest
• 36% of overall volume came from outside the United States
• Over 50% of the trades were executed...
Forum: Cryptocurrency May 6th, 2021, 05:36 PM
Replies: 44
Views: 10,151
Posted By SMCJB
Micro Bitcoin Margin Rates dropping from 42% to...

Micro Bitcoin Margin Rates dropping from 42% to 39% which with Bitcoin at 56000 is from $2352 to $2184 effective Friday 7th May.
...
Forum: Cryptocurrency May 4th, 2021, 02:04 PM
Replies: 44
Views: 10,151
Posted By SMCJB
Sandpaddict and masterchanger I think its...

Sandpaddict and masterchanger I think its intentional on their part. The 2.38:1 leverage that you can get on CME Bitcoin futures while low for non-US residents is the only leverage US residents can...
Forum: Cryptocurrency May 3rd, 2021, 10:57 AM
Replies: 44
Views: 10,151
Posted By SMCJB
Of course I should be thinking a little more...

Of course I should be thinking a little more outside the box. This isn't like QM & CL or QG & NG, market makers aren't providing liquidity by arbing vs the other futures contracts, they are providing...
Forum: Cryptocurrency May 3rd, 2021, 09:20 AM
Replies: 44
Views: 10,151
Posted By SMCJB
3750+ contracts overnight on the first day!

3750+ contracts overnight on the first day!
Forum: Cryptocurrency April 26th, 2021, 10:34 AM
Replies: 44
Views: 10,151
Posted By SMCJB
Well the Fees have been announced, and...

Well the Fees have been announced, and FuturesTrader71 warnings were justified. The fees for the Micro Bitcoin, for Non-Members is $2.50/lot which is half the full size contract, even though its...
Forum: Cryptocurrency April 16th, 2021, 02:55 PM
Replies: 44
Views: 10,151
Posted By SMCJB
kburks one tick on the Micro, is $5 per Bitcoin,...

kburks one tick on the Micro, is $5 per Bitcoin, so since the Micro Contract is 0.1 coins each tick will be $0.50
Forum: Cryptocurrency April 12th, 2021, 02:03 PM
Replies: 44
Views: 10,151
Posted By SMCJB
Good Advice FuturesTrader71. With the wide...

Good Advice FuturesTrader71. With the wide Bid/Ask (often 8/10 ticks on full size) it may look attractive, but it moves/gaps quickly, and Exchange and Broker fees are higher than most contracts. (At...
Forum: Cryptocurrency April 12th, 2021, 12:08 PM
Replies: 44
Views: 10,151
Posted By SMCJB
Unless I'm missing something the CME FAQ refers...

Unless I'm missing something the CME FAQ refers you to a CME Fee File that is effective 4/1/21 and as such does not have the Micro fees in it??
Forum: Cryptocurrency April 12th, 2021, 11:53 AM
Replies: 44
Views: 10,151
Posted By SMCJB
And before anybody asks, margin on the full-size...

And before anybody asks, margin on the full-size contract is currently 42% of notional (has ranged from 35% to 42%), assuming these contracts are fungible it would be the same for the micro.

So...
Forum: Cryptocurrency March 30th, 2021, 01:33 PM
Replies: 44
Views: 10,151
Posted By SMCJB
For all the other micros, the micro is completely...

For all the other micros, the micro is completely fungible with full size contract. Even though products like SIL and MGC are physical delivery contracts, you can offset 10 MGC against 1 GC and have...
Forum: Cryptocurrency March 30th, 2021, 10:59 AM
Replies: 44
Views: 10,151
Posted By SMCJB
Question will be. a) Can you find a broker...

Question will be.
a) Can you find a broker that will let you trade it (a surprising amount will not)
b) If so what will their margin requirement be (a surprising amount charge double CME margin)...
Forum: Cryptocurrency March 30th, 2021, 10:23 AM
Replies: 44
Views: 10,151
Posted By SMCJB
addchild corrects me before I can even correct...

addchild corrects me before I can even correct myself!

I talked to CME and can confirm it is 0.1 Bitcoin, so 1/50th of a Full Size Contract.
Forum: Cryptocurrency March 30th, 2021, 10:10 AM
Replies: 44
Views: 10,151
Posted By SMCJB
Micro Bitcoin futures coming May 3rd 2021. ...

Micro Bitcoin futures coming May 3rd 2021.

edit At 0.1 Bitcoin and $60k it's a $6k notional contract (vs MES at 20k, MNQ 25K, M2K 10k, MGC $17k, SIL $13k)
(originally said it was 0.5 Bitcoin)
...
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