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- scattergood replied May 3, 2011
Unfortunately, no.
- scattergood replied Apr 7, 2011
Use the following: void IndicatorDigits( int digits) Sets precision format (the count of digits after decimal point) to visualize indicator values. The symbol price preicision is used by default, the indicator being attached to this symbol chart. ...
- scattergood replied Mar 6, 2011
All price movement is based upon information asymmetry and information flow. If all participants in the market had the same information and no new information found its way to the participants, the prices would never change. But that is not the ...
- scattergood replied Jan 26, 2011
1) No it means that if you are short a call and short a put, you can only lose on one of them. The price of a currency cannot be both up and down at the same time. Thus the broker only asks for margin on one side at a time. Thus you collect premium ...
- scattergood replied Jan 24, 2011
As I said in the very next sentence: The roll costs are estimated,... I was just trying to illustrate what a roll looks like. The disparity in the prices you quote can be dealt with by a) a higher volatility environment, b) a closer strike, and c) a ...
- scattergood replied Jan 18, 2011
1) We agree! 2) Margin on selling spot options is about 3% while margin on EFT currency options is about 20%, a 7:1 difference.There is no margin on purchased options. 3) We agree! 4) While you can't see Saxo's activity, you do have a sense that the ...
- scattergood replied Jan 18, 2011
There are other issues with ETF options: 1) Limited trading hours lead to gaps. 2) Margin isn't as good as options on the spot market 3) Strikes are forced to be every $1, or 100 pip equivalents. 4) Liquidity isn't as good as in the spot market. ...
- scattergood replied Jan 17, 2011
There are lots of companies that offer currency ETF's. The CurrencyShares ETF's are the most direct comparison to spot. Nearly every equity option provider should cover these symbols.
- scattergood replied Jan 17, 2011
Most people who offer stock options will offer options on the currency ETFs: CurrencyShares Australian Dollar Trust ETF (FXA) CurrencyShares British Pound Sterling Trust ETF (FXB) CurrencyShares Canadian Dollar Trust ETF (FXC) CurrencyShares Euro ...
- scattergood replied Jan 17, 2011
Skoda, some interesting points: 1) Yes, it is more complicated and requires a different perspective. 2) You can have stop losses, or even roll points, but not in the same way as spot. 3) It isn't addictive like a video game, but it can be quite ...
- scattergood replied Jan 16, 2011
I totally hear you, psychology is key. However I find selling options MUCH, MUCH easier than trading the currency itself. For me the psychological problem is what to do when you are wrong. If you trade the spot you can: 1) Enter again to change your ...
- scattergood replied Jan 16, 2011
Let me agree and second that. You must have enough margin and reserve loss to reach your roll point. This is critical, critical, critical in selling options. I could not agree more with jameswebb.
- scattergood replied Jan 16, 2011
Agreed, I prefer the cash options. Agreed also that Ikon's platforms aren't the most user friendly.
- scattergood replied Jan 16, 2011
In the situation above your net P/L would be: (Premium Collected in pips - 50) x 5 USD So you may or may not lose money. Let's look at two scenarios: 1) You sell your Call for 75 pips: (75 Pips - 50 Pips) x 5 USD / Pip = 125 USD 2) You sell your ...
- scattergood replied Jan 15, 2011
Trading options on forex related instruments can be very confusing as it isn't really clear what you are actually trading on. Here is the breakdown: 1) You can trade options on the ETFs that track currency prices. These are the PHLX options. You can ...
- scattergood replied Jan 13, 2011
My guess is that Saxo charges commission on trades under a 1 lot or 1/2 lot...but it may depend on the pair....
- scattergood replied Jan 13, 2011
I answered the question, but I think you have something wrong. The $238 value you see on your long call is the PREMIUM you can sell it for not the PROFIT you would receive. You bought at 109 and it went up 119 pips in value as the EURUSD went up ...
- scattergood replied Jan 13, 2011
1) Click on Account Summary in the platform. you will see under Cash and Positions Summary something like Cash Balance. That number should be higher than the 50K initial value for all demos. 2) If you go to Account / Trading conditions and select ...
- scattergood replied Jan 13, 2011
To roll or not to roll, that is the question? In the strictest terms, if the underlying hits your roll point, then roll. Period, end, stop. To not roll is taking nearly a 1/2 size position in the underlying. Since your option has a .5 delta when the ...
- scattergood replied Jan 13, 2011
You are correct, the premium is kept if the range is between 1.45 and 1.20. 1.4050 is above the lower strike and you would keep ALL of the premium if this were the price at expiry.