Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
Trading: Primarily Energy but also a little Equities, Fixed Income, Metals and Crypto.
Frequency: Many times daily
Duration: Never
Posts: 5,049 since Dec 2013
Thanks Given: 4,386
Thanks Received: 10,206
This could be interesting... (well at least for me)
Implied Functionality on Crude and Refined Energy Futures Butterflies
Effective Sunday, August 6 (trade date Monday, August 7), implied functionality will be enabled for Crude and Refined Energy Butterflies in the first 12 months plus June and December for two additional years. Butterflies are identified with “BF” in tag 762-SecuritySubType in the MDP 3.0 Security Definition (tag 35-MsgType=d) message.
Trading: Primarily Energy but also a little Equities, Fixed Income, Metals and Crypto.
Frequency: Many times daily
Duration: Never
Posts: 5,049 since Dec 2013
Thanks Given: 4,386
Thanks Received: 10,206
The email they sent out actually had more information on how the implication will work. I'm not sure that it will make much of a difference for the prompt 12 one-month butterflies, but I suspect that it will make a big difference in the six-month flies.
Trading from where we are now to those targets will have wild swings up or down making it risky to trade. Once the US Session opens, we should see within an hour or two what oil wants to do. It may just go to a prolonged period of consolidation and then a crazy spike to one of the targets. For today, I will be very, very patient and allow the price action to guide me moving forward.
Does this mean now I can put the entire exchange traded 6 month flies and trade it just like any other instrument? And what happens if I adjust one of the calendars? Or even just 1 contract?
