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More good news for optionsXpress traders. They have reduced the amount they charge above exchange minimum margin on most commodities. About half of them, ES, CT, FC, GC, LC, LH, OJ, SB, SI, S, W, are now at minimum.
Can you help answer these questions from other members on NexusFi?
"As for Canada, we are no longer going to be handling any Canadian accounts and because of the complexities of the Canadian system I doubt that will be changing anytime soon."
Tx for checking that out Ron. So tell me , What you thinking about CL. Let me pick your brain for a second. What are good options to sell that have a Feb contract month. All I see is Energy and Metal. Am I missing something here.
Sold Gas calls Friday so hoping things don't get too crazy out in the middle east.
Thanks for sharing guys, this is an interesting thread. What is the best way to learn about the softs with respect to production levels, inventory, etc? Moreover, what is the liquidity like for options in these markets?
I currently have one open position, that being strangle swap rolls on the VIX.
I totally agree with you regarding the fiscal cliff "fix" Ron, likely to be a non event and then send commodities/stocks up. I am currently 100% cash at the moment.
I am bullish regarding Oil, my delta studies show accumaltion every time we hit a pivot low. I actually had some long calls on prior to the election which I covered after the push to 89 failed. Seasonality and geo-political outlook also supports higher prices ahead.
The latest Option Seller newsletter is suggesting puts on Gold and RBOB. The problem i have with gold is the margins with IB. As for RBOB the volume and open interest seems all but non-existant for OTM strikes.