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Trading: Primarily Energy but also a little Equities, Fixed Income, Metals, U308 and Crypto.
Frequency: Many times daily
Duration: Never
Posts: 5,241 since Dec 2013
Thanks Given: 4,584
Thanks Received: 10,523
Crude Oil Margins dropping (slightly) effective today.
Member Margin for Tier 1, Jun'19, dropping $250 from $3400 to $3150.
Non-member rates will be 110% of that
... it turns out that the degree of skewness in the options markets has often been a good contrary indicator of where prices are heading, especially for the product markets...
Trading: Primarily Energy but also a little Equities, Fixed Income, Metals, U308 and Crypto.
Frequency: Many times daily
Duration: Never
Posts: 5,241 since Dec 2013
Thanks Given: 4,584
Thanks Received: 10,523
Five weeks later and this is being reversed. Effective COB Today/12th member Margin for Tier 1, Jul'19, increasing $300 from $3150 to $3450.
Non-member rates will be 110% of that
Trading: Primarily Energy but also a little Equities, Fixed Income, Metals, U308 and Crypto.
Frequency: Many times daily
Duration: Never
Posts: 5,241 since Dec 2013
Thanks Given: 4,584
Thanks Received: 10,523
Effective June 21st Member Margin for Tier 1, Aug'19, will be $3650.
This is a $200 increasing from $3450 for Tier1 but a $250 increase for August as it moves from Tier 2 to Tier 1
All other Tiers increased by $200 as well.
Non-member rates will be 110% of that
Trading: Primarily Energy but also a little Equities, Fixed Income, Metals, U308 and Crypto.
Frequency: Many times daily
Duration: Never
Posts: 5,241 since Dec 2013
Thanks Given: 4,584
Thanks Received: 10,523
If you believe Raoul Pal this is just the beginning of the Oil rout and is all tied into the bigger Global Macro picture. Already experiencing a global slowdown, and about to have a global recession. Now add in a massive US-China trade war and China devaluing their currency* - which effects everybody. The US already has a massive pension crisis around the corner, but what happens if we do have a sell off and the baby boomers start panic selling? There's a lot more on Real Vision TV but he's Long Bonds (well actually Eurodollars (which is USD LIBOR not EUR:USD), Long Gold, Long Bitcoin, Short Equities, Short Crude and some other (non-precious metal) commodities. So far he's been very right on the Eurodollars** - which is his biggest recommendation - and the Gold and Bitcoin. In contrast historically some of his crude oil calls have been pretty poor I believe.
*Or not supporting it, which has the same result
** Dec19 Eurodollars (globex GEZ9 or many other vendors EDZ9) had lows on 7/31 of 97.79 and today is 98.20. So in 6 trading days the market thinks Interest Rates are going to be cut by 50 points MORE than they did 6 days ago!
