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For example, the margin on a Jan 95 put ($6 less than futures to match your example of 76 vs 82) is $2,437 at OX. Premium yesterday was $1,610. So you had to have $3,687 excess to not be on margin call today.
Of course timing and quickness of the drop affect these numbers.
In this video at 3 minute mark he states Karen Super Trader is currently trading 190 million of which 105 million is profit. So 85 million of deposits in fund. Over 3.5 years that is about 30% per year. Pretty good but not the mind boggling numbers you think when you first see the title of the video.
You first have to find spanit on your PC. Go to start menu, select run, then browse. It depends where you installed span program originally. I found mine at "C:\Program Files (x86)\Span4\Bin\spanit.exe"
That will at least get you to execute spanit. Then comes the script stuff. I'll try to read up on that.
By the way, what are you hoping spanit will do for you?
I want it to load the daily files, CME & NYB (ICE) files. Run the program (Calc) to see new margins, save portfolio.
Trying to save the time it takes to do all of those steps manually.
I tried running spanit from lower left command line using run and full path to spanit. It runs for about 0.10 seconds, a box pops up and is gone before I can read it, and does nothing.
Do you make the script using Notepad? It wants an ASCII file.
Sounds like a great time saver, it just looks pretty complicated at first glance. Yes, try writing the Script in Notepad. That will give you an ascii file.
No I don't look for higher premium to cover commissions. It is the cost of doing business. I do not really consider the premium over where the strikes are and probability to expire worthless. I focus on probability, time decay and liquidity.
I was pretty easily able to access the PC-SPAN data and margins for most of the products but I'm a bit stumped on where to get data for CL. The NYMEX data is there under the CME data set for futures but no options are available.
Do you ever trade spreads . I tried a simulated spread and it seemed hard to close out. I would love to
learn more as my day trading the eminis is not getting the results that I had hoped for. Thanks for your
response.
Richh