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Pismo Beach CA
Experience: Intermediate
Platform: TOS, IB, Fidelity for 'swing' trades
Trading: ES, NQ, IBB, IWM, NG
Posts: 159 since Apr 2010
Thanks Given: 80
Thanks Received: 90
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This post is regarding an event that I do not expect to happen, at all. But. There are too many nukes 'out there' and too many terrorists.
I'd like to discuss the worst case scenario of a nuke strike on a major city (say D.C., NY, London, etc) and whether there are typically enough standing bids in the ES futures market to fill my stop market order that exists at let's say, 3% below the market, to sell 5 contracts I am long, before the owners of these bids become aware and pull them and/or, before the markets are shut down. You'd think there would be a hell of an air pocket once you got below a certain price level. Mega-flash crash.
Now, it's kind of selfish of me to discuss being able to leave someone else holding the bag on my position while hundreds of thousands get their flesh melted off but I still will have to put food on the table. Were I short in such a situation, I would ease my mind a bit by contributing to relief efforts from my profits, if the markets reopened and the original trades let stand.
I have the same question in to the CME (about market depth anyway) and we'll see if I hear back. So, I'm trying to find out if there is a way to see historical market depth 3%-5% down on the CME future's contracts then current price.
| "The Future Ain't what it used to be" |
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