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We show how the simultaneous presence of a strong quasi periodic oscillation (QPO) of period ∼ 10 seconds in the optical and X-ray lightcurves of the X-ray transient XTE Jl 118+480 can be used to obtain information about the nature of the accretion flow around the source. The unusually high optical-to-X-ray flux ratio and the QPO observed simultaneously in both energy bands suggest that a significant fraction of the optical flux might originate close to the central source, where most of the X-rays are produced and be indicative of a magnetically dominated corona. We also show how the temporal evolution of the QPO can provide us with information on both the inner radius and the viscous properties of the optically thick accretion disc.

XTE J1118+480: Clues on the Nature of the Accretion Flow from the Optical Variability