XJO - Does anyone trade it?

[DTM]

Rembrandt or Money tree,

how would I go about setting up an account to trade the actual XJO. Would I have to open an account with the SFE? or can I do it through commsec? Is every contract worth $25 per point move?

Thanks in advance.

 

[rembrandt]

Hey Crashy ... you CLOSED your SHORT on Monday ??? ... looks like you zagged instead of zigged ??? Hope yer got back in.

I gave you the SHORT word on MONDAY ... "Smart-money just wrote 300x$0.68=$204k ... serious margin ... tomorrow will be interesting."

Updated chart looks like this ... this is not a reco to trade folks.

DTM: Talk to your Broker about setting up an ETO account to trade XJO. Info on Index Options at (http://www.asx.com.au/investor/options/trading_information/index_options.htm)

Cheers ...

 

[DTM]

Hey Crashy ... you CLOSED your SHORT on Monday ??? ... looks like you zagged instead of zigged ??? Hope yer got back in.

I gave you the SHORT word on MONDAY ... "Smart-money just wrote 300x$0.68=$204k ... serious margin ... tomorrow will be interesting."

Updated chart looks like this ... this is not a reco to trade folks.


DTM: Talk to your Broker about setting up an ETO account to trade XJO. Info on Index Options at (http://www.asx.com.au/investor/options/trading_information/index_options.htm)

Cheers ...

Money tree, hope you got back in.

Rembrandt, I can trade the options ok but was thinking about the futures. Any recommendations?

Daniel

PS Rembrandt, How did you know about the order execution for the "smart money."

PPS Money tree, what ever divergence you spotted the "smart money" spotted too.

 

[money tree]

"Smart-money just wrote 300x$0.68=$204k ... serious margin ... tomorrow will be interesting."

unfortunately it is impossible to tell WHO wrote the options and who BOUGHT them. Nor is it possible to determine if this was closing out an existing position or writing a new one.

Open interest would tell but not till the following day, so rem did not have that info. Secondly, there is always another side of the trade.

rem, you said you were "nicely green" on your long but did not state that you bailed (and probably didnt). Also I would rather not hear about these 'after the fact' trades since they are easy to fake, and serve no purpose. A more useful and believable post would be:

'I am going long here because....'

(this way we can take into account your view when making out trading decision)

instead of

'I went long there (and am nicely green) because....'

I didnt get back in but no doubt there will be more permabull action any day....

 

[money tree]

Crashy

Could you clarify something for me on the XJO series.

I was under the impression that 1 contract was equivalent to 10 shares however in another online program i run it states it is the usual 1000.

Also is the usual cash / stock margin requirements of circa 50% required in an XJO trade? Presumably there is only cash settlement on expiry?

Appreciate your info on this one.

yes 10 for xjo not 1000

margin requirements are determined by the INTERVAL set by ACH. XJO has the lowest interval usually 2%. This means risk margin is the increase in value of the option if this 2% rise occurs. Cash settlement yes.

 

[rembrandt]

Hi DTM ... never traded Futures ... have a pal who does ... nothing to stop folks from initiating a discussion in Futures on this forum.

Regarding the 'smart-money' comment ... about 3.45pm last Monday I saw that particular trade (300x$0.68=$204k) go thru in 'real time' ... gut instinct told me it was a huge SHORT.

I hesitated and missed the close ... I posted Crashy at 4:09pm ... a reversal for us means closing the open position and the analysis for the opposite reverse position which takes time to get set.

I couldn't execute until the following day by which time the reversal had confirmed according to the chart which is also in 'real-time'.

Crashy: Apologies for not delivering in a format you understand and approve of ... I'll do my own thing if it is okay with you chum.

Gave you the tip on Monday and you will understand we were a bit busy on Tuesday ... we were caught LONG in several other positions and had to move fast.

Is this the sum total of your analysis given you completely missed the trade ... "rem did not have that info" ... "did not state that you bailed and probably didnt" ... "these 'after the fact' trades" ... "they are easy to fake" ... "serve no purpose" ... pretty classy stuff from a professor of an option trading school.

Cheer up ... happy easter.

 

[money tree]

hold up there scooter!

"I gave you the SHORT word on MONDAY ... "Smart-money just wrote 300x$0.68=$204k ... "

I dont see the word short in there. It was a vague statement. All you told us was that *somebody* wrote 300 contracts of *something* for 68c. Given that you were LONG a natural assumption would be that the 'smart money' wrote PUTS worth 68c agreeing with your view. If the 'smart money' was shorting while you were long, you would have said something to that effect.

Given that I was short while you were long, I find it odd that you now claim you said short was the place to be at that time. And now you claim you exited Tues AFTER seeing todays carnage. Guess we will never know huh.

If you want to show your trades so that others can worship you, at least have the decency to post them in real-time instead of waiting till they become winners. Harry hindsight is the only person who would find your posts useful otherwise.

 

[DTM]

XJO down 40 points as we speak. An overall drop of 120 odd points for the week. Wish I had been able to catch this wave down.

When is it going to stop?? (probably as soon as I get on )

More importantly, will it go back up? Anyone care to share their thoughts?

 

[rembrandt]

Hi DTM ... just a hello here from Harry Hindsight.

We have several SHORTS and are closing out ahead of the Easter break ...

Updated chart in 'real-time' looks like this ...

Cheers ... happy easter.

 

[DTM]

Nice charts Rembrandt. Makes reading the market a lot easier. Will have to get me some of that.

Happy easter everyone.

 

[SuperTed]

Doesnt your optiongear software (that you recommended in a previous thread) do simple charts like that DTM?

 

[DTM]

Doesnt your optiongear software (that you recommended in a previous thread) do simple charts like that DTM?

Hi Super Ted

Looking for real time charting during trading. Also can't work out how to put the indicators overlaying the candlesticks on optiongear rather than trying to do it visually.

 

[money tree]

time to go long

 

[money tree]

when the lemmings all turn into bears, you know its time to go long. XJO was massively overdone. If you needed a 200 pt correction to wake you up to this fact, as it seems many here did, your pulse on the market aint that sharp.

Going short this late is like going long @ 4260.....

 

[tech/a]

You know every time I read your posts you have this total air of superiority.

Post substance not chest beating know it all superiority.

Your a financail advisor.
You passed your options course with distinction.

You expect everyone here to show humility.
You post in riddles flexing your knowledge of secrets.

Yet you admit to not having enough capital to finance distribution of your 100% risk free options trading method.

The lemmings you refer to may well be myself but the information Im drawing from are from advisors like Nick Radge who would eat you alive in ALL aspects of trading including your pet options.

Your post at 4.30 yesterday calling to go long after a close of trade which turned on a dime to regain large losses----then your chest beating lemmings comment today after the DJI rose 132 points doesnt show to me at least a fine tuning into the market.

So your a financial advisor and you sell a course.
dont see threads of acknowledge ment on the benifits of your course----like you see on various forums for Radges!

Get out from beind your suit and your ego and have a beer with the real people you might actually learn something.

Hey Ill also buy your course where do I send the cheque-----I might learn something.
You havent all the answers to prosperity----plenty of theory it seems.

 

[rembrandt]

Hi Crashy ... Larry Lemming here (aka Harry Hindsight) ... thanks for the LONG tip ... all us lemmings sure needed that !!!

Oh dear ... I gave you the SHORT tip and all you wanted to do was get ugly ... you were SHORT and the trade went against you by $200 and you kacked yer pants !!!

21/03/05 ... "bought back the calls today for 64c, -1" ... and you sat on the sideline for the last 10 days !!!

You totally miss the SHORT OF THE YEAR and not even in the trade yet you are the noisiest person in the room ... and your best is a miserable attempt to character assassinate me ... you poor sod !!!

Where is the IGNORE button on this forum ???

Crashy ... beep beep !!!

 

[money tree]

look out folks, he's blown another head gasket! :swear:

your tantrum is quite funny, considering how hypocritcal it is.

firstly, I made the call BEFORE the market jumped, those who trade CFDs or Symex could have easily gone long. It was not possible to make the call until close confirmed the reversal doji.

secondly, I did not make a hindsight call after the market has moved in my favour for 2 days unlike someone else, who strangely you did not harrass.

thirdly, I did not attack you. the purpose of the post was to warn turncoat bulls that now is not the time to go short. you wrongly took this as a "chest beat" although there is no evidence of that.

you lecture me on 'superiority' after many here complained about your loudmouth egotistic rantings and abusive behavior. and dont forget the whole bold and colored text issue. how rich.

Your baseless and unjustified personal attacks do not phase me in the slightest.

cheer up

 

[Joe Blow]

Okay guys, now that all three of you have had your say how about we leave it at that before things get even more heated?

Lets get past the pissing contests and start playing the ball, not the man.

 

[money tree]

lol rem :

I wouldnt have put you in the lemming basket, but if you feel you belong, so be it. Still claiming you made a short call eh?

Yep, Im guilty of using a stop. I went short near the top when everyone else was long but somehow Im the bad guy. My apologies for using good money management.
And when I offer a differing view to getting short at the bottom, Im attacked again. Oh well

I was busy writing puts yesterday while you guys were buying them.....

as Han Solo said to Chewbacca: "laugh it up, furball!"

 

[tech/a]

Excellent.

Love the coyote.

As you can see thats my country!!!

Now whats the code for ACME.