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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (8894)	11/21/1998 3:25:00 PM
From: Eagle	Respond to of 44573

GZ I'm perusing Trader Vic's book since my prior post, and it's discussing the same kinds of things you just outlined for me... let me ponder a bit on all this stuff and come back at you later today or tomorrow. I appreciate you taking the time to explain this to me.

To: GROUND ZERO™ who wrote (8894)	11/21/1998 3:31:00 PM
From: jjs_ynot	Read Replies (1) \| Respond to of 44573

do you have a feel for the length of time you see that long position in the bond being ok.

To: GROUND ZERO™ who wrote (8894)	11/22/1998 10:07:00 PM
From: manohar kanuri	Read Replies (1) \| Respond to of 44573

When trading the spoo, that refers to the futures contract. An option on the cash market is just like any other option, with monthly expirations and differing strike prices. There are also options on the futures contracts and they function much the same way. Okay, now I'm confused ....when I played with the SPX options I'd track the futures price till a couple of days before expiration and then switch to the cash index (or whatever it is that is reported on the CNBC corner). Don't remember who told me this is how it worked, but it worked even though getting that switch from futures to cash down pat wasn't always easy. Anyway, what was I trading? The cash or the futures index? The tax forms said "regulated futures contracts" ... but then the settlement blahblah would always talk about the underlying (cash?) index at expiration and I never did figure out what the hell was going on (why question something that's working fine). Care to explicate more? tia mano