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Forex Options Strangle System

  • #301
  • May 23, 2011 5:39am May 23, 2011 5:39am
XTB is ok, but they provide service only in eastern Europe.. they have their own platform for options. I didn't use betonmarkets, so I can't answer you about that..
you can bet on or against volatility, depents on the pair and market conditions.. for now, the market is kind of quiet, so I put my bets acordingly..
  • #302
  • May 24, 2011 6:18am May 24, 2011 6:18am
Try Alpari's spot & options platform. It has standardized "exchange-style" vanilla put/call options. You can trade them alone or in combination with spot (e.g., write calls against long spot). It also has lots of pre- & post-trade analytical tools.

I think vanilla puts & calls are better than binaries because: 1) they're more transparent, and 2) they can be integrated with spot strategies much easier.
  • #303
  • May 24, 2011 4:16pm May 24, 2011 4:16pm
Quoting Yehuda Cohn
Try Alpari's spot & options platform. It has standardized "exchange-style" vanilla put/call options. You can trade them alone or in combination with spot (e.g., write calls against long spot). It also has lots of pre- & post-trade analytical tools.

I think vanilla puts & calls are better than binaries because: 1) they're more transparent, and 2) they can be integrated with spot strategies much easier.
That's Alpari US right? I think it have very high margin requirments (both spot and option put togheter...)
  • #304
  • May 25, 2011 8:48am May 25, 2011 8:48am
Yes, that's true -- and we can thank the NFA for archaic margin rules. NFA requires separate margins for each position in the same pair, irrespective of risk coverage or maximum loss. Nonetheless, Alpari's spot & options platform is quite nice.
  • #305
  • Edited 12:28am May 26, 2011 12:26am | Edited 12:28am
Quoting Yehuda Cohn
Try Alpari's spot & options platform. It has standardized "exchange-style" vanilla put/call options. You can trade them alone or in combination with spot (e.g., write calls against long spot). It also has lots of pre- & post-trade analytical tools.

I think vanilla puts & calls are better than binaries because: 1) they're more transparent, and 2) they can be integrated with spot strategies much easier.

i'm not opening any accounts in usd!! i don't wanna go down with the dollar... with the hyperinflation on the horizon, i advise everybody to have accounts in chf or at least eur...
..i might be wrong about the hyperinflation, but i'd better be wrong than sorry
  • #306
  • May 27, 2011 9:26am May 27, 2011 9:26am
I heard AVA will offer spot and vanilla options in June.
  • #307
  • Jul 16, 2011 7:02am Jul 16, 2011 7:02am
It seems that I need to trade on Saxo to trade options on SGD and HKD

Has anyone done a survey of white-label partners of Saxo to see if any of them are discounters and/or will negotiate better option spreads?

Can you negotiate these spreads at InvestorsEurope, whose platform is really SaxoTrader?

Also, has anyone tried vCapFX for FX options? Are their margins too high because they are in the U.S.?
  • #308
  • Jul 17, 2011 5:02am Jul 17, 2011 5:02am
Quoting comintel
It seems that I need to trade on Saxo to trade options on SGD and HKD

Has anyone done a survey of white-label partners of Saxo to see if any of them are discounters and/or will negotiate better option spreads?

Can you negotiate these spreads at InvestorsEurope, whose platform is really SaxoTrader?

Also, has anyone tried vCapFX for FX options? Are their margins too high because they are in the U.S.?
I think there are some white-label for saxo but i think it's the same spreads, margins and such. I don't remember the name though.

I've talked to vcap through email and the only do trading via phone desk and not electronic. Also the minimum deposit is $250,000, minimum volume is 500M $US notional per month.

How come you are interested in SGD and HKD?
  • #309
  • Jul 17, 2011 10:54am Jul 17, 2011 10:54am
Quoting smajdah
I think there are some white-label for saxo but i think it's the same spreads, margins and such. I don't remember the name though.

I've talked to vcap through email and the only do trading via phone desk and not electronic. Also the minimum deposit is $250,000, minimum volume is 500M $US notional per month.

How come you are interested in SGD and HKD?
I realize that SGD and especially HKD have been relatively flat, but I expect sharp moves in them on a major dollar fall yet to come. Thus I think they can be played from just one side.
  • #310
  • Jul 18, 2011 4:10am Jul 18, 2011 4:10am
Quoting comintel
I realize that SGD and especially HKD have been relatively flat, but I expect sharp moves in them on a major dollar fall yet to come. Thus I think they can be played from just one side.
Alright, do you need options for that? I'll post all the brokers i have found that offer options. I'm not sure about their minimum deposit and such though.

Hms Markets, Murex, Fixi, FC Stone, Icap (maybe not for private?)

And then a few others, i don't know if they are good or not..

FX Central, WSG Markets, PFD-NZ, XTB.

Other than that there are brokers with exchange traded currency options.
  • #311
  • Jul 18, 2011 4:20am Jul 18, 2011 4:20am
Quoting smajdah
Alright, do you need options for that?
I like to sell more options on the side where I do not think the market will go.

If I use only a straight fx trade on the underlying pair, it loses money continually while waiting for a move due to carrying costs. In this case it could be years before the HKD and SGD finally revalue so I like to cover the carrying cost by selling premium.

Quote
I'll post all the brokers i have found that offer options. I'm not sure about their minimum deposit and such though.

Hms Markets, Murex, Fixi, FC Stone, Icap (maybe not for private?)

And then a few others, i don't know if they are good or not..

FX Central, WSG Markets, PFD-NZ, XTB.

Other than that there are brokers with exchange traded currency options.

Thanks the list of brokers is very helpful!
  • #312
  • Nov 26, 2012 12:13am Nov 26, 2012 12:13am
Hi

I use Saxo, I have resolved many issues but the only one that is still not being resolved is the use of daily forex options. Does anyone have any opinions it seems easier to trade with these then weekly or monthly options?
  • #313
  • Nov 29, 2013 8:12pm Nov 29, 2013 8:12pm
Hi, scattergood, thank you for starting this thread. You're explanations and examples are very clear and helpful. I have been searching around for short strangle strategies ever since I watched an interview of a retail trader turning $100k into $40mil after 3 years of trading this strategy on the indices. Do a search on youtube for "tasty trades karen", and in the second interview with $105MM in the title, she explains how she uses more probability than, the technicals to determine where the price won't go. I know this thread is a little old, but hopefully you are still active to share some more insight. Also, looks like SAXO doesn't accept U.S. clients anymore, so I have been searching for brokers that offer forex options for U.S. clients but haven't had any luck..
  • #314
  • Dec 20, 2013 1:20am Dec 20, 2013 1:20am
Is anyone out there still trading OTC currency options?

I recently came across AvaTrade, who are offering the same platform that Alpari US started offering a couple of years ago (The FX Bridge platform). AvaTrade appear to be offering it with 200:1 leverage, proper margin netting, and reasonable spreads.

I stopped trading with Ikon 2 years ago after they used to go off quotes or dealer quotes all the time, and have been looking for a reasonable alternative ever since.

Has anyone out there tried AvaTrade Options, if so how has the experience been?
  • #315
  • Apr 7, 2014 4:57am Apr 7, 2014 4:57am
Quoting skoda2008
Is anyone out there still trading OTC currency options? I recently came across AvaTrade, who are offering the same platform that Alpari US started offering a couple of years ago (The FX Bridge platform). AvaTrade appear to be offering it with 200:1 leverage, proper margin netting, and reasonable spreads. I stopped trading with Ikon 2 years ago after they used to go off quotes or dealer quotes all the time, and have been looking for a reasonable alternative ever since. Has anyone out there tried AvaTrade Options, if so how has the experience been?...
Hello Skoda,

I have been using their demo account and seems pretty good. i only hope it will remain that way once i start using the live account.

The only other option is Saxo and their spreads are kinda high
  • #316
  • Last Post: Apr 12, 2014 4:28am Apr 12, 2014 4:28am
I'd be more inclined to go back to Ikon rather than use Saxo, but I'm not going to because I simply don't trust them. Saxo's margin requirements aren't that attractive, and from what I have read they are as dodgy as the rest - changing margins when you're in positions, inflating spreads, going to dealer quotes etc.

Ava trade have ignored my attempts at communication with them, so I'm hardly about to send any money to them!

I did find a couple of others offering the same platform as Ava Trade (JFX and FXDD), but their spreads were too inflated and wasn't happy with where the companies are based.
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