Welcome to the Traders Laboratory Forums.
Advanced Search
Traders Laboratory Forums » The Financial Markets » Futures Trading Laboratory » Anyone else get stuck in a trade today?
Futures Trading Laboratory Trading commodities and currency futures

Reply
Page 1 of 2 1 2
Old 10-03-2006, 11:07 AM   #1

Soultrader's Avatar

Status: Super Moderator
Join Date: Aug 2006
Location: Tokyo
Posts: 3,623
Ignore this user

Thanks: 545
Thanked 1,371 Times in 492 Posts
Blog Entries: 4
Anyone else get stuck in a trade today?
As of now I am stuck a quarter position in the YM due to trading halted on the CBOT.

Entry at 11731 and trading halted at 11748.

Anyone run into this problem today? Unbelievably this has never happened for me. Do markets gap when trading halts?
__________________
Soultrader is offline  
Reply With Quote
Old 10-03-2006, 11:52 AM   #2

Soultrader's Avatar

Status: Super Moderator
Join Date: Aug 2006
Location: Tokyo
Posts: 3,623
Ignore this user

Thanks: 545
Thanked 1,371 Times in 492 Posts
Blog Entries: 4
Re: Anyone else get stuck in a trade today?
Update:

I asked around concerning this halt. A buddy notified me that futs will usually start at cash + premium.

I couldn't find the dow premium on TS but did find it at Program Trading, Fair Value, Index Arbitrage Values - indexArb.com. You can find the fair value and the range there.
__________________
Soultrader is offline  
Reply With Quote
Old 10-03-2006, 12:11 PM   #3

Soultrader's Avatar

Status: Super Moderator
Join Date: Aug 2006
Location: Tokyo
Posts: 3,623
Ignore this user

Thanks: 545
Thanked 1,371 Times in 492 Posts
Blog Entries: 4
Re: Anyone else get stuck in a trade today?
Trading halted at 11748 today. When the markets resumed, prices opened at around 11775 and lifted rapidly to 11790 without pausing.

I exited at 11788 due to uncertainty. Always good to be flat when you don't quite know what will happen.

So anytime trading halts due to technical issues, look for futs to start at cash + premium.
__________________
Soultrader is offline  
Reply With Quote
Old 10-30-2006, 01:14 AM   #4
Gav

Join Date: Oct 2006
Location: Australia
Posts: 14
Ignore this user

Thanks: 0
Thanked 0 Times in 0 Posts

Re: Anyone else get stuck in a trade today?
James,
How exactly did you hedge your YM position during exchange down?
Hedging using ES is another way. I am not familiar with options trading, but I am thinking if it is possible to use options to hedge YM during exchange down..

Gav
Gav is offline  
Reply With Quote
Old 10-30-2006, 01:58 AM   #5

Soultrader's Avatar

Status: Super Moderator
Join Date: Aug 2006
Location: Tokyo
Posts: 3,623
Ignore this user

Thanks: 545
Thanked 1,371 Times in 492 Posts
Blog Entries: 4
Re: Anyone else get stuck in a trade today?
The ES is one way to hedge it. If you're short the YM and the exchange goes down, just go long the ES. They move identical to each other so by the time the exchange goes back up, you'll most likely be break even. You can avoid a large loss this way. Perhaps you can hedge by taking some positions in some ETF's as well. The QQQQ's or the SMH might be good for a hedge.

I've never traded options so I would not know.
__________________
Soultrader is offline  
Reply With Quote
Old 10-30-2006, 05:29 AM   #6

torero's Avatar

Join Date: Oct 2006
Location: SPAIN
Posts: 1,330
Ignore this user

Thanks: 48
Thanked 74 Times in 48 Posts

Re: Anyone else get stuck in a trade today?
Man, that CBOT, they seem to halt every 4 months. I witnessed 2 already in last 6 months and one spike about 6 months ago that no one seemed to explain. Seems more unreliable than CME, IMO. Another reason not to trade YM.
__________________
"Today is not my day, but it'll be my week."
torero is offline  
Reply With Quote
Old 10-30-2006, 09:29 AM   #7
Gav

Join Date: Oct 2006
Location: Australia
Posts: 14
Ignore this user

Thanks: 0
Thanked 0 Times in 0 Posts

Re: Anyone else get stuck in a trade today?
guys,
Anyone having problem with tradestation today? Charts of NQZ06.D, ER2Z06.D, ESZ06.D and YMZ06.D are frozen. Am I looking at wrong contracts?

Gav
Gav is offline  
Reply With Quote
Old 10-30-2006, 12:15 PM   #8

Join Date: Oct 2006
Location: san juan
Posts: 160
Ignore this user

Thanks: 0
Thanked 8 Times in 5 Posts

Re: Anyone else get stuck in a trade today?
Quote:
Originally Posted by Gav »
guys,
Anyone having problem with tradestation today? Charts of NQZ06.D, ER2Z06.D, ESZ06.D and YMZ06.D are frozen. Am I looking at wrong contracts?

Gav
yeah they're frozen and I am not with tradestation so I think it's something at Globex. I missed the gap this morning
feb2865 is offline  
Reply With Quote

Reply
Page 1 of 2 1 2

« Have you ever used Derivatives and Stocks together? | Spread Analysis Question »
Thread Tools
Display Modes Help Others By Rating This Thread
Linear Mode Linear Mode
Help Others By Rating This Thread:


All times are GMT -4. The time now is 05:03 AM.
Copyright ©2000 - 2012, Jelsoft Enterprises Ltd.
CS to VB integration by DeskLancer
©2006-2011 Traders Laboratory, All Rights Reserved.