@NFTConciergeDoc No it’s just like regular futures. Each $ is worth a certain amount. For lumber each $1 on the contract is worth $28 P/L. No IV or Greeks or anything. Just leverage.
@NFTConciergeDoc Tradovate is the only brokerage I’ve found that lets you haha. Otherwise I’m not sure. Make sure you trade January futures if you decide to dable. November expires soon so can get tricky
@NFTConciergeDoc It’s not directly correlated to equities. More like an indicator for how well housing overall is doing which then gives you leading indicators for equities. I am expecting a small bounce here however. But wouldn’t surprise me to see lumber probe lower later
@NFTConciergeDoc No I’m just saying I agree haha. Long overdue for a correction. Using puts to fund more longs later on…
Still never figured out your manual car btw