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Selling Options on Futures?
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Selling Options on Futures?

  #991 (permalink)
Market Wizard
Cleveland, OH
 
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rsb619 View Post
Quick question for you guys, how reliable are the hightower reports provided by optionxpress? Do you have any other recommendations of websites for fundamental research? Thanks!

Hightower is great for fundamental info. Their trade recommendations? Not so good.

The Dow Jones news at the Futures News Center at OX are decent for new news.

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  #992 (permalink)
Market Wizard
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PAGE 100!!!!!!!!!!!!!

Wow, never in a million years did I think this thread would hit 100 pages. Thanks to everyone who contributed.

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  #993 (permalink)
Trading Apprentice
Fresno, California
 
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opts View Post
The one thing I miss about FOREX is that it is a continuous market with almost no gaps so there is a nice flow to the charts, indicators, and price action. Because futures 'close' a the end of the day the charts can look a little broken at times.....

'Palmer'

I am not sure if you have this option with your charting software but at thinkorswim, on their futures charts you can choose the option of having the extended trading session displayed which essentially makes the charts gap free and flow better.

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  #994 (permalink)
Trading for Fun
Houston, Texas
 
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rsb619 View Post
I am not sure if you have this option with your charting software but at thinkorswim, on their futures charts you can choose the option of having the extended trading session displayed which essentially makes the charts gap free and flow better.

Futures charts in IB can also be set to display after-hours trading if that is what you are referring to.

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  #995 (permalink)
Elite Member
Steubenville Ohio
 
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ron99 View Post
So you add an IB into the mix and you still pay the same commissions and don't have to pay the overnight fee?

Did you get the $4 rate from RJO approved?

It sounds a little backwards, but that's the way it worked out. The Gain guys at OEC were gracious enough when I was leaving, but there was no attempt to keep me by dropping the overnight fee ... they just said that they understood and were sorry I was going. Folks like you are all set, but they don't seem to want to yield on those fees for new customers.

Yes, I did get the $4 RT at RJO Futures. The only issue with them is that they charge the entire commission up front, so $4+ fees when you sell an option, just the fees if you buy it back. Their downloaded trading platform isn't the greatest, but it's not bad for free. I prefer the simplicity of their web-based trading. I'm usually using it in conjunction with OX and the two compliment each other nicely.

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  #996 (permalink)
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MJ888 View Post
Futures charts in IB can also be set to display after-hours trading if that is what you are referring to.

Yea I was just mentioning that to opts in case he didn't know.

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  #997 (permalink)
Elite Member
NW Florida
 
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Thanks....I'm guessing that you have to be a customer to use the TOS or IB charts. I've been using the free NinjaTrader end of day and that works well enough. If you were trying to time you options sells a little better then the 'gap free' charts would be valuable because you could have a better picture on a lower time frame vs. the daily. Another one of the things I like about selling options is that your timing can be a little off but you still end up being right.

Wheat: I've been paying attention a little closer lately. More rain...snow means grow. But, even with 75 days to go the June calls 900 and above are what I would look at. The seasonal lows are usually put in around June/July. I wouldn't sell puts yet because I think there might be more downside. There's support around the 700 level now and the RSI looks like some bullish divergence for a possible slight pullback.

My plan right now has crude and gold to look at first, then wheat. If wheat starts to make a pullback then I'll bump that to the top of the list.

Two different scenarios going on here with the time premiums and these markets....75 days until expiration for option premiums in wheat for $50 +/- for 900 calls 200 cents away or gold about $300 away from current price with about 45 days to go for about the same premium...maybe a little better. Which can move how far how fast?????.....I don't see a reason for wheat to test last seasons drought highs (or close to them) within the next 75 days during the seasonal downtrend and gold fundamentally does not have reason to make a $300 run in the next 45 days but can be more explosively volatile than wheat right now.....The Painnnnnnnnnn!!!!!!!!!!!!!!!!!!

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  #998 (permalink)
Market Wizard
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opts View Post
My plan right now has crude and gold to look at first, then wheat. If wheat starts to make a pullback then I'll bump that to the top of the list.

Two different scenarios going on here with the time premiums and these markets....75 days until expiration for option premiums in wheat for $50 +/- for 900 calls 200 cents away or gold about $300 away from current price with about 45 days to go for about the same premium...maybe a little better. Which can move how far how fast?????.....I don't see a reason for wheat to test last seasons drought highs (or close to them) within the next 75 days during the seasonal downtrend and gold fundamentally does not have reason to make a $300 run in the next 45 days but can be more explosively volatile than wheat right now.....The Painnnnnnnnnn!!!!!!!!!!!!!!!!!!

One other thing that should be considered when deciding which options to trade is what is the ROI for each one.

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  #999 (permalink)
Market Wizard
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Another trading style for selling options.
Futures Magazine - February 2013
Click on "One Page" at the top to more easily read the article.

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  #1000 (permalink)
Market Wizard
Cleveland, OH
 
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Favorite Futures: Options on Futures
 
Posts: 2,717 since Jul 2011
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Good daily energy commentary by Dominick Chirichella
Dominick Chirichella - Featured Contributor of CME Group

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