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Our
Fair Value for the SP 500 today is
$-3.35. That price level will not change during the day.
Our computers are set for program buying at $-2.05
and set for program selling at $-4.65
If you would like to watch these program buying and selling execution levels, you need to program your trading platform and software and use
the correct data feeds.
What platform
and data feed do you use? Click here.
Beware of the PREM
symbols $SPINX, $PREM, SPINX.X, PREM.X, SPS, or any other weird ticker symbol
from mediocre and horrible data vendors. Those symbols are not
correct. If you do not have PREM
on your screens, contact us and we will help
you with it. There is no way, you can complete, against the best program
trading firms on the street, without it. So set it up correctly.
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Please do not confuse our program trading premium execution levels listed above
with theoretical execution levels for index arbitrage listed in the media and
announced each morning on CNBC. Theoretical levels for index arbitrage are
only applicable for certain types of modeling and back testing, and theoretical
paper trading in general.
Theoretical
levels are neither accurate nor reliable for real trading in your own
account,
and are not applicable for professional traders using the CME, NYSE, and NASDAQ,
with real money and trading for real profits. Professional program traders never use
theoretical execution levels ever.
So be extremely careful if you are using theoretical calculations designed for
index arbitration. Also remember that index arbitrage is normally less
than 4.50 percent of all total program trading and therefore irrelevant for most
traders.
Our program trading premium execution levels listed above, are the actual price levels that
our clients will use today to execute computer assisted buy and sell programs for many different
program trading strategies, which comprise over 95 percent of all program trading. Our execution levels are different from the theoretical levels
announced on CNBC. Our levels include certain costs not even included in theoretical formulas.
If you would like to know more about that, simply
email us. Normally our premium execution
levels are higher for program buying, and lower for program selling, than theoretical levels
compiled from theoretical models on college campuses. But not always.
Please be advised that our execution levels are set to front run theoretical levels on some days; either on
the buy side, or sell side, or both.
If you are using theoretical levels, you will always be late and will always have additional and
unnecessary losses.
There is a very good
reason why the spread between our program buying execution level and fair value is different
than the spread between our program selling execution level and fair value, on most days.
If you have noticed how those spreads change from day to day and have been wondering about that, then
send us email
with your questions.
We will answer your email promptly.
Any stocks mentioned above are only a small sample of the stocks we have pre-programmed
for program buying or program selling. If you would like more information about that,
and the stocks we have pre-programmed for today, then simply
email
us your requests.
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