I know that in the grain pits at the CBOT, the activity level is no more than 20% of what it is closer to open & close. Jessie
While they may not be the majority of paper, they get handled that way in the pit by arbs & MM's, spread against each other, across traders, etc....
I agree, it's something that I only generally do if I don't mind owning the underlying, but otherwise, like covered calls, it's really not...
One thing to keep in mind is that selling naked OTM puts against an uptrend is VERY different than selling OTM calls in the same situation. The...
Welcome to the New York markets. There is a reason why no one trades them unless they absolutely have to. If you think the e's are bad, wait until...
First, you didn't work a "long time" at this. It takes 6 years (at least) to learn to be a good carpenter, 12 years (at least) of college, med...
Not exactly the same with just equities, but you can certainly spread weaker stocks against stronger to reduce directional exposure significantly....
It's also a bit more complicated than just total liquidity, as different markets have different kinds of order flow. For example, in pit-traded...
I trade options pretty much delta neutral, without regard to direction, and follow a system that I know makes money in the long run regardless, so...
Re. leaving money on the table, Baron Rothschild, when asked why he was such a sucessful investor, replied that "I never managed to buy at the...
Good point! I think it was Ed Seykota who said that wanting to trade without losses is like wanting to breathe without exhaling. What the original...
Folks have made some good points. For me, after a few years, it is the confidence in my trading systems that lets me not get too freaked out. For...
If a market trades THROUGH your price, you are entitled to a fill (unless desgnated fast market conditions exist), so you also have the option of...
Options are a wonderful way to trade. Just like everything else, they have limitations. The good news, though, is that they are by FAR the most...
Your only real option is to call the pit for a firm size & price quote, and execute then, as the price is constantly changing with the underlying....
You can also deduct proportional utilities and other related expenses. I have never had a problem, but my accountant suggested that I take dated...
For me, it's more a case of looking at where the trade is and what the market is doing RIGHT NOW. If I would enter the market for the first time...
Covered in the pit Jessie
That's really the main advantage I can see, unless you wanted to put in some time on the floor as well, to learn a bit about the contracts you are...
Just to toss out a bit more info, CBOT seats other than AM & FULL are significantly cheaper to buy or lease. if you are an option trader, COM...
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