Norway OBX futures

General discussions about futures.
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ptan54
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Norway OBX futures

Post by ptan54 » Sun Mar 08, 2015 3:04 am

Has anyone traded this market? Contract size is not too large at NOK100 per point. Quite correlated to the Swedish OMX30 index but wondering about the merits of including both Norway and Sweden and halving the position size for both markets.

The only downside seems to be the limited volume at under 2,000 contracts per day. Slippage may be a concern; there was a crazy spike on Feb 9 which trigger my stop buy order (stop buy at 563, it opened and filled at 596). I suspect that might have been my fault!

sinkpretend
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Re: Norway OBX futures

Post by sinkpretend » Fri May 15, 2015 6:54 am

It is better than what it seems like, i understand your concern but then there is data speaking of itself prev close 592 52 weeks range is 476-613 and a graph pointing towards stars also yahoo finance and google suggesting most of its positive aspects.

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