Recent content by Dommo

Presumably the option is exchange traded, and has a minimum tick size - eg min tick size for this option may be 0.05 rather than 0.01.

Yawn. If memory serves, this thread is about FTSE Futures.

This is a wind up.

SD, he must have been speaking within a very narrow context, because it is simply incorrect to say that "no bank contract is enforcible in the courts unless it is bonded with the company seal or has been signed by ALL the directors." Aside from the legalities, as a practical matter, is this...

SD, are you sure about this? There are execution rules for agreements and documents required by law to be executed by deed, but this does not apply to contracts generally. If some special rule exists for the banks, I'd be interested to know what it is.

EURCHF - as requested, "prone to deep spikes, or capable of being manipulated, or prone to geo-politics, etc". But it looks so docile.

Dude, you need a hobby.

Did he mention that he was once expelled from said backside?

Ok, cancel on condition. Here's an example (for a different kind of trade - option entry conditional on underlying price, but you get the idea); plenty of platforms should provide this functionality. http://www.interactivebrokers.com/en/trading/orders/conditional.php?ib_entity=llc

Search for OCO (One Cancels Other) orders.

It's a very eyecatching name, although it does remind me of another, notoriously ill-fated avian setup: http://bigpicture.typepad.com/comments/files/black_swan.gif

No - it's not a myth, as this little fellah demonstrated: Rally Time Rally Monkey - YouTube

Agreed. It could explode either way... There must be yards and yards of stops under there. Good luck with it.

EURCHF is an interesting one - but I wonder what lies under the floor!

Of course it's possible to risk manage short options, but at a retail level, I think the transaction costs make it prohibitive.