OX lowered their markup on margin for several commodities.

CL dropped from 20% to 10%
HO dropped from 30% to 20%
RB dropped from 30% to 20%
NG dropped from 10% to 0%

KC is still 50%!!! OJ is 10% All other major commodities are at 0%.

Maybe they actually listened to your requests?

Even with the changes, it still might be better to pay $1 or $2 more per contract for broker who allows SPAN minimum on everything... the extra contracts you can sell with SPAN minimum might make up the difference.

I am still going to open up an account with DeCarley because OX will raise the margins again at the most inopportune time. They are dropping it because the volatility in CL is dropping right now. If CL moves sharply one way or another then they will raise it.

Hello Everyone,

I am new to options on futures, but have traded options on equities for a long time and would like to have something clarified, please.

YM is currently trading at 15972

the December 2013 16100 call option is trading at around $127
and the December 2013 16150 call option is trading at around $105

So if I sell the 16100 call option I get $127 and buying the 16150
call option to turn it into a credit spread, will cost me $105.
Thus my credit is $22 (not taking commission into consideration)

I believe that the YM is $5 per point, so the max spread is $250, but due to
credit received my max loss would be $228.

Is that correct?

Many thanks, Richard

Yes too late to sell Jan puts.

I sold Feb 2.70s @ .006.

Ron are you concerned we may have another year like 2013 where we drop .60 in the next couple months?

No. We most likely won't have the significant above normal temps in the eastern US this winter.

I sold more puts today. But later I noticed that NG drops the end of Nov-1st week of Dec most years. That will be a time I will add more puts.

I wish I was filled on my call order before it just dropped 5 cents.