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Yes, have to agree with Norm on this one. If you line up the realtime
futures(or PREM if you have delayed futures) with TICK, with the ATM or
nearby calls and puts and the OEX index, better throw in the TYX or
realtime bonds(absent this AM) you can see the sequence. Add VIX to see
when the run is over. Also it helps to lay on the Weintraub pivot points
to see the option premiums race to the next level before the OEX gets
there. To get the tick view, multiple workspaces in TS have to be open
since you can't use multiple tick plots in the same chart. Otherwise try
it with one minute plots in the same workspace.
BobR
At 03:56 PM 10/13/97 -0700, nwinski wrote:
>Mr. Troy Kelley wrote:
>>
>> What a tough game this is.
>>
>> I went long this morning on an OEX call and lost about 200 buck
>>
>> Then I went short on a put, caught 2 oex points, and only made 20 bucks.
>>
>> Slippage and commisions are the curse of us all!
>>
>> BTW, I need to make sure that my OEX options have a delta of at least 1,
>> that was the problem today. 2 points on the OEX translated to 1 on the
option
>> which was not enough for slippage and commisions. How do I make sure my
>> deltas are 1? Black Sholes? I can never figure out the volitility part...
>>
>> Troy
>
>Troy,
> If you traded futures you wouldn't have those problems. As it is,
>because the OEX is priced based on what the S&P futures are doing, you
>are always two steps behind.
>
>Regards,
>
>Norman
>
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