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jeez, I am getting old, I plan to 'sell', not 'buy'. OK, then, I will just forget about it. Please continue to send alerts if you spot any good opportunities. Thanks.
Can you help answer these questions from other members on NexusFi?
This is a futures account and not subject to Reg-T. The margin requirement is set by SPAN. As I posted, the margin requirement per option with I opened this trade was $389.40. My rule is to set aside 3X the margin requirement to do a trade, so I set aside $1168.20 for each option to leave a cushion in the event it goes against me.
You can compare SPAN margins in futures accts to Portfolio Margin that some equity firms offer. Much lower requirements than Reg-T.
The delta in OX is not correct, for example, for ESX41600P, ES 1600p with expiration November, the delta is 0.04 at OX now, but it was 0.0237 when I put on this position( I still had IB at that time, got delta from IB), with ES higher, this delta should be even lower. I know a lot of folks here used OX before, then how did you get correct delta? Thanks!
look at this, am I getting wrong data? it is from Trade Calculator.
PSoes that mean I should use 0.04/2 as the right delta? I just realized that. That could be the reason.
Just realized that, poor me! I have another position with 4 put, when I used the Trade Calculator to get the changing IM (since ES was down a few days ago), I was stunned to found out my delta was 0.12, something like that. luckily, I did not buy them back since I was guessing OX gave me wrong delta.