Trading the SPI

[wayneL]

Just like to know if I'm missing any risk factors.

Bob.

5 pts of theta?

 

[Bobby]

5 pts of theta?

Thanks Wayne,
If theta is the measure of time decay on rick, how is the 5 points calculated please ?

Bob.

 

[wayneL]

Thanks Wayne,
If theta is the measure of time decay on rick, how is the 5 points calculated please ?

Bob.

I'm a fuzzy on the details, it's been yonks since I looked at those. But I remember the premium for an ATM SPIDO was about 5 pts. It must be substantially more now. According to Cox & Rubinstein, 1 day option premium is about 13 pts or more.

But models are laughably innacurate when close to expiry.

You have to look in the real market to see what they are trading at.

I suspect this could be a thin market too which could add to risk.

Cheers

 

[Bobby]

I'm a fuzzy on the details, it's been yonks since I looked at those. But I remember the premium for an ATM SPIDO was about 5 pts. It must be substantially more now. According to Cox & Rubinstein, 1 day option premium is about 13 pts or more.

But models are laughably innacurate when close to expiry.

You have to look in the real market to see what they are trading at.

I suspect this could be a thin market too which could add to risk.

Cheers

Thanks again so-far , I'll check them out tomorrow,
Yep a thin market is a worry.

Have Fun
Bob.

 

[onemore]

G/day
Have you had a look at deisels blog lately (very clued up guy) But is it just some way to market Tricom?.

Seems a bit fishy to me.
But then again what would i know i can't even make ANY money on the SPI.

 

[camronsystems]

All day Monday, Tuesday and Wednesday were very quiet days, with a small range. The SPI200 struggled to get above 5065. On Monday, Tuesday and Wednesday, Macquarie Bank in their nightly market wrap were telling anyone and everyone, they (macquarie) were selling the SPI200 above 5065. MBL are one of the largest writers of options in Australia. On Monday am, Tuesday am and Wednesday am, Deisel's blog warned they were gonna kill the BHP options. Which is what happened on Thursday, options expiry day. Thats how the SPI200 works.

 

[nat]

thanx for that snippet of info cameron systems ,,,,rdo for everyone today?Nathan

 

[Bronte]

Congratulations wayneL, enzo, spitrader, spitraderI, spitraderII..
You have pretty much done what you set out to do.....
Killed this thread.....Well done mate!

 

[happytrader]

To the Powers that Be

I don't know why a thread with a 3 star rating and over a 100,000 viewings as well as consistent chart action posts over 2 years (historical data) should be deleted.

What is left looks like meanderings better suited to a chatroom.

Cheers
Happytrader

 

[Freddo]

To the Powers that Be

I don't know why a thread with a 3 star rating and over a 100,000 viewings as well as consistent chart action posts over 2 years (historical data) should be deleted.

What is left looks like meanderings better suited to a chatroom.

Cheers
Happytrader

Must say I would have liked the history to have stayed as well.

There are is [sorry] was GOLD in this thread from a broad range of people

 

[Joe Blow]

Guys, there were 2000 posts accidentally deleted from this thread that are unable to be restored. It wasn't intentional but there is nothing that can be done about it now unfortunately.

It is possible to get this thread back on track but that is up to those who participate and post in it.

 

[nat]

Hi there ,this question is to ageo or more aussie 200 people on cmc,,,When i pass the curser over the buy or sell button on 2 click order ,a number comes up Eg ,sell 20140,,,,,buy 20152,Im guessing it has something to do with contracts maybe ,ive never seen it yet where sell side is greater then buy side but have seen it close then move away ,also have seen it double on bottoms or tops on odd occasion to 40000,Maybe should ring cmc and find out for sure ,but was wondering if anyone else has used this for any signals or direction .Nathan

 

[nat]

Stop wondering everyone ,ive worked it out ,it is total value of contracts on ticket by price ,rather simple reallly ,Nathan

 

[Ageo]

nat havent used it mate.

Im changing over back to IG thow. CMC A200 prices are different to all other CFD providers.

IG also has DMA for share cfd's which can come in handy.

 

[nat]

ok then ,is all the other spi cfds follow the futres contract exactly with price ?,,it is a bit annoying at times cross refrencing charts with diff values ,but as said before thats not really hindering me its more my disapline.Good luck trading with ig be interested to c how you go, Nathan

 

[Ageo]

ok then ,is all the other spi cfds follow the futres contract exactly with price ?,,it is a bit annoying at times cross refrencing charts with diff values ,but as said before thats not really hindering me its more my disapline.Good luck trading with ig be interested to c how you go, Nathan

Not sure nat but the prices are guaranteed.

 

[wayneL]

Congratulations wayneL, enzo, spitrader, spitraderI, spitraderII..
You have pretty much done what you set out to do.....
Killed this thread.....Well done mate!

Bronte

Let me tell what I tried to do

1/ Stop the retrospective posting of trades

2/ Get people to discuss the process. You appear to be the only one who refuses to do so... even to the point of claiming you don't know the process.

Now as to your accusation. Are you accusing me of having multiple nicks? Because if you are, that would be the most breathtaking piece if irony I have ever seen in my entire life.

Please clarify.

 

[neo]

Hi WayneL,
A question...... who really cares if someone posts retrospective trades? If they are lying they are only cheating themselves .....that's their own problem.
When day trading the SPI there is hardly the time to write up a post prior to placing an order when you are making a split second decision. What is wrong with saying that 'this' is what I did (and possibly why) after the fact.....
Why does the content need to be policed so that it conforms to the moderators ideal of what the thread should be about.... should that not be determined by the people who wish to be involved in the discussion?

 

[Bobby]

Hi WayneL,
A question...... who really cares if someone posts retrospective trades? If they are lying they are only cheating themselves .....that's their own problem.
When day trading the SPI there is hardly the time to write up a post prior to placing an order when you are making a split second decision. What is wrong with saying that 'this' is what I did (and possibly why) after the fact.....
Why does the content need to be policed so that it conforms to the moderators ideal of what the thread should be about.... should that not be determined by the people who wish to be involved in the discussion?

Hey Neo, I CARE !!

This site has integrity, many other sites suffer from lies & hypocrisy
Not this one !
Wayne has my full backing on this.

Bob.

 

[wayneL]

Neo,

When someone is also offering trading instruction as Battman/Bronte does. It becomes very important. People are making decisions about spending a great deal of money on instruction on the basis of postings on forums.

I have also seen a great amount of acrimony caused by this on overseas forums. Anytime retropective trades start getting posted, the thread invariably degenerates into complete rubbish. I have also seen where retrospective trades are posted for a while... all winners of course... then the poster advertises a course for sale. It happens ALL the time. It's fraud!

You may think I've spoilt the fun on this thread, but believe me, you ain't seen nothing. Long term this forum will be all the better for it.

Look, most people realise it takes a couple of minutes to get a post up from a trade. Nobody worries about that. But there are lots of reasons to maintain posters integrity about this as it is easy to manipulate and has the potential to cause a lot of damage to individuals.

Bronte et al is most welcome to post trades here and are encouraged to do so. He/she has done so in the past and things were sweet. There is no reason why Bronte or anyone shouldn't do so in the future, as long as it is reasonably live.

Cheers