Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: Lazarus who wrote (64165)	9/19/2014 10:11:50 PM
From: GROUND ZERO™	2 Recommendations Recommended By Fintas Justinfo Respond to of 218658

Okay, I've seen this kind of thing many times before with the gold market... gold might have it's last trade at, say for example 1243.40 and then settle at 1248.40... then, in the evening session, it opens again at 1243.40 but says it's now down 4 dollars... it's very screwy and I've had conversations with the people at the CME about that and they tell me it has something to do with the electronic settlement... so when it opens again, it will open at the previously final trade price but show the point change from the electronic settlement price... So, for the SP, here's my guess what will happen on Sunday evening presuming this is the same kind of crazy phenomenon... on Sunday evening, it should open at 2000.25 and say it's down 3.50 points... this is the only thing that makes sense even though it makes no sense at all... damn, this market is so manipulated, now they even manipulate the closing price... they probably got a hold of my confirmation price and they're screwing with me... LOL!!! GZ

To: Lazarus who wrote (64165)	9/20/2014 12:10:56 PM
From: Justinfo	Read Replies (1) \| Respond to of 218658

According to optionsxpress settlement happens at 4.15 EST although the day session closes 5.15 EST. So the last trade and the settlement can be different. (I no longer trust a given explanation anymore unless I can actually verify it hence the "according to") This is how the CME defines a daily settlement: The volume-weighted average price (“VWAP”) of all trades executed in the full-sized futures contract on the trading floor and in the E-mini futures contract executed on CME Globex will be calculated for a the designated lead month contract from 15:14:30 – 15:15:00 Central Time (“CT”). A multiplier of 5 will be applied to the quantities traded in the full-sized contract to reflect the 5 to 1 relationship between the full-sized and the E-mini contracts. The combined VWAP for the designated lead month will be rounded to the nearest .25 index point. cmegroup.com