Posted by DigiNomad on 24th of May 2024 at 03:32 pm
SPX vs SPX (OANDA) - despite trading this heavily, I'm not
completely sure about the mechanics. What I do know is that
normally there is a 20-30 point gap between the two (same with
/es). They are essentially identical right now. Any idea when the
roll happens? (I'm assuming there is a roll involved which adds
premium to the new contract, but I'm really just
guessing).
Some foreigners track OANDA but the big players use ES and SPX
not OANDA for levels. You can also create valid
levels on OANDA but I track the BIG MONEY via ES (SPX
Futures)
Posted by DigiNomad on 24th of May 2024 at 03:42 pm
I can't trade futures, but I can trade SPX options and get the
same 60/40 tax benefits people get with futures. Oanda gives
me SPX data without the weird open and closes you get with the
standard SPX feed when the market isn't really closed (I often
trade SPX late at night....e.g. if I have a bad dream about Janet
farting dollars that wakes me up and I decide to add some calls
before the open the next day).
Posted by DigiNomad on 24th of May 2024 at 03:44 pm
Opening a futures account when you have to disclose professional
status is massive pain in the ass. Not worth it unless you're VERY
serious about futures. Index options give me the tax
benefits, so I don't see a reason to jump through the hoops with
FINRA / SEC, etc.
Posted by DigiNomad on 24th of May 2024 at 03:50 pm
Ramping up compliance levels to a full blown CTA just so I can
trade futures instead of index options is not my idea of a good
time. I just completed all my annual compliance stuff - it sucks
pretty bad as it is.
Chat GPT 4o got me mostly straight. Oanda prices off the
futures. SPX prices off real time calculations of all the
underlyings plus some proprietary S&P adjustments.
SPX vs SPX (OANDA) -
Posted by DigiNomad on 24th of May 2024 at 03:32 pm
SPX vs SPX (OANDA) - despite trading this heavily, I'm not completely sure about the mechanics. What I do know is that normally there is a 20-30 point gap between the two (same with /es). They are essentially identical right now. Any idea when the roll happens? (I'm assuming there is a roll involved which adds premium to the new contract, but I'm really just guessing).
June expiration - SPX gap
Posted by steve on 24th of May 2024 at 03:34 pm
June expiration - SPX gap in price vs ES will continue to shrink towards ES slowly until that date
ES will shrink toward SPX,
Posted by DigiNomad on 24th of May 2024 at 03:35 pm
ES will shrink toward SPX, right? But what about OANDA version of SPX...is that just a proxy for /ES?
Some foreigners track OANDA but
Posted by steve on 24th of May 2024 at 03:37 pm
Some foreigners track OANDA but the big players use ES and SPX not OANDA for levels. You can also create valid levels on OANDA but I track the BIG MONEY via ES (SPX Futures)
I can't trade futures, but
Posted by DigiNomad on 24th of May 2024 at 03:42 pm
I can't trade futures, but I can trade SPX options and get the same 60/40 tax benefits people get with futures. Oanda gives me SPX data without the weird open and closes you get with the standard SPX feed when the market isn't really closed (I often trade SPX late at night....e.g. if I have a bad dream about Janet farting dollars that wakes me up and I decide to add some calls before the open the next day).
Opening a futures account when
Posted by DigiNomad on 24th of May 2024 at 03:44 pm
Opening a futures account when you have to disclose professional status is massive pain in the ass. Not worth it unless you're VERY serious about futures. Index options give me the tax benefits, so I don't see a reason to jump through the hoops with FINRA / SEC, etc.
Do whatever works you my
Posted by steve on 24th of May 2024 at 03:46 pm
Do whatever works you my man, soon all that information will be disclosed with CBDC coming (those who wanted the crypto ETFs paved the way)
Great work this week btw
Posted by vimal on 24th of May 2024 at 03:51 pm
Great work this week btw Steve on calling the intraday movements as well as the daily directions. Good job!
Thanks vimal - yesterday was
Posted by steve on 24th of May 2024 at 03:52 pm
Thanks vimal - yesterday was a biggie
Ramping up compliance levels to
Posted by DigiNomad on 24th of May 2024 at 03:50 pm
Ramping up compliance levels to a full blown CTA just so I can trade futures instead of index options is not my idea of a good time. I just completed all my annual compliance stuff - it sucks pretty bad as it is.
Just move to Panama, Caymans,
Posted by steve on 24th of May 2024 at 03:51 pm
Just move to Panama, Caymans, or Puerto Rico
And pull my clients with
Posted by DigiNomad on 24th of May 2024 at 03:52 pm
And pull my clients with me or get them to jump ship over to an offshore broker? I wish. That would be awesome.
I'm am moving overseas soon despite being delayed by a few months. Looking forward to it...but on paper I'll still be right here in the good ole USA.
Don't most of them live
Posted by steve on 24th of May 2024 at 03:53 pm
Don't most of them live in those locations already? LOL
Most escaped Kali in the
Posted by DigiNomad on 24th of May 2024 at 03:54 pm
Most escaped Kali in the last couple of years....but they didn't escape that far...yet :)
OANDA
Posted by DigiNomad on 24th of May 2024 at 03:59 pm
Chat GPT 4o got me mostly straight. Oanda prices off the futures. SPX prices off real time calculations of all the underlyings plus some proprietary S&P adjustments.
"OANDA’s pricing for indices CFDs is not based on the current index level. They derive prices for their indices CFDs from futures prices in relation to the index 2 . For example, the standard FTSE 100 Index futures contract has monthly durations and the price level is the anticipated level of the index at the expiry date 2 ."