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Kevin wrote:
> But, why go to the trouble of offsetting them? I simply let them settle to
> cash.
ahh interesting - how does that work ? and isnt it more expensive ?
I pay $15 RT all in - so matching 2 S&P and 10 minis against each other
=> 12 half turns => 6 RTs = $ 90...... I suppose that the cash settle does
cost more than zero - question is: does it cost more than $90 ????
> As a matter of fact, I was not aware of a offset mechanisim as you
> mention, but I guess there is.
yes there is :-)))
as a matter of fact, I was not aware of a cash settle mechanisim as you
mention, but I guess there is <g> <g> <g>
> Less chance of error and it frees up the
> back office if you let them go off the board naturally.
agree, but what are cost ???
rgds hans
> hans esser wrote:
> >
> > I have an ""open"" position in my account of
> >
> > SHORT 2 S&P march
> > LONG 10 mini march
> >
> > As the mathematicans out there might find out - those are perfectly
> > hedged against each other and as march is not the front month I do not
> > trade out of them as usually, but call my broker to just OFFESET them
> > against each other TODAY.
> >
> > Thats just a bookkeeping transaction and not crossed in the market -
> > still - ofcoursse and correctly charged with the normal comish.
> >
> > Did that before so know how my brokerage does it - called - gave the
> > order- and heard the clerk repeating it as 2 orders to go MARKET
> > <g>......"NOOOO" I yelled to stop him before its to late and told him
> > that they can match them and they done that in the past.
> >
> > He put me on hold for several minutes, came back and told me that he
> > learned from me <g>
> >
> > watch those brokers...... :-)))
> >
>
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