Selling Options on Futures? (Page 113) - Options on Futures | futures.io
futures.io futures trading
 

Go Back   futures.io

> Futures Trading, News, Charts and Platforms > Traders Hideout > Options on Futures


Selling Options on Futures?
Started:July 19th, 2011 (06:16 PM) by ron99 Views / Replies:567,812 / 5,727
Last Reply:7 Hours Ago (12:40 PM) Attachments:642

Welcome to futures.io.

Welcome, Guest!

This forum was established to help traders (especially futures traders) by openly sharing indicators, strategies, methods, trading journals and discussing the psychology of trading.

We are fundamentally different than most other trading forums:
  • We work extremely hard to keep things positive on our forums.
  • We do not tolerate rude behavior, trolling, or vendor advertising in posts.
  • We firmly believe in openness and encourage sharing. The holy grail is within you, it is not something tangible you can download.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.


You'll need to register in order to view the content of the threads and start contributing to our community. It's free and simple, and we will never resell your private information.

-- Big Mike
     

Reply
 642  
 
Thread Tools Search this Thread

Selling Options on Futures?

Old March 25th, 2013, 05:10 PM   #1121 (permalink)
Trading's simple not easy
Adelaide Australia
 
Futures Experience: Intermediate
Platform: Ninja > MC
Broker/Data: AMPs
Favorite Futures: ES
 
Angelo1's Avatar
 
Posts: 89 since May 2011
Thanks: 1,415 given, 47 received

Summary page is empty!


ron99 View Post
Hi Angelo,

Frankly, the best place to answer your questions is to read this thread from the beginning.

What is GFFC?

Hi ron
I'm not familiar with threads & who controls summary pages but your summary page is blank, perhaps it would help others to have some of your most highly regarded points there,
who does control the thread summary page?

Cheers angelo

"If you believe you CAN, or, you believe you CAN'T, you're RIGHT!"
Reply With Quote
     
The following user says Thank You to Angelo1 for this post:
     

Old March 25th, 2013, 05:12 PM   #1122 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 45,539 since Jun 2009
Thanks: 28,884 given, 80,122 received


Angelo1 View Post
who does control the thread summary page?

Cheers angelo

Like it says:

"Quick Summary is created and edited by users like you... Add FAQ's, Links and other Relevant Information by clicking the edit button in the lower right hand corner of this message."

In other words, any user (Elite) can edit the content.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
     
The following 2 users say Thank You to Big Mike for this post:
     

Old March 25th, 2013, 06:32 PM   #1123 (permalink)
Trading for Fun
Reno, USA
 
Futures Experience: Intermediate
Platform: esignal
Favorite Futures: Oil
 
Posts: 70 since Jul 2011
Thanks: 14 given, 9 received


First off I would like to thank Ron for not only sharing his wisdom but as well as sharing his P/L as most people would not do that. It really does give hope for us "little" guys who are just starting out on this endeavour.

Questions for the forum, would anybody look at selling deep OTM calls on /ES ? Reasons are the SP looks "toppy" and Europe is starting to rear its ugly head again.

thanks

V

Reply With Quote
     
The following user says Thank You to vmaiya73 for this post:
     

Old March 25th, 2013, 06:54 PM   #1124 (permalink)
Market Wizard
OH
 
Futures Experience: Advanced
Platform: QST
Broker/Data: QST, DeCarley Trading, Gain
Favorite Futures: Options on Futures
 
Posts: 2,323 since Jul 2011
Thanks: 634 given, 3,900 received
Forum Reputation: Legendary

While you are correct that ES may be topping out, especially with May coming along soon (sell in May and go away) ES calls just aren't profitable enough to do.

You have to go down to 1625 May to get above $100 of premium and that is too close for my blood. Plus the margin on the 1625 is $2435.

Reply With Quote
     

Old March 25th, 2013, 06:58 PM   #1125 (permalink)
Market Wizard
OH
 
Futures Experience: Advanced
Platform: QST
Broker/Data: QST, DeCarley Trading, Gain
Favorite Futures: Options on Futures
 
Posts: 2,323 since Jul 2011
Thanks: 634 given, 3,900 received
Forum Reputation: Legendary

Futures Edge on FIO
I'm curious. What is your reasonable ROR% goal for your account for a year? What would make you say that was a good year? Above what percent?

Reply With Quote
     

Old March 25th, 2013, 07:38 PM   #1126 (permalink)
Trading Apprentice
Fresno, California
 
Futures Experience: Beginner
Platform: IB
Favorite Futures: Stocks
 
Posts: 22 since Feb 2013
Thanks: 24 given, 8 received


vmaiya73 View Post
First off I would like to thank Ron for not only sharing his wisdom but as well as sharing his P/L as most people would not do that. It really does give hope for us "little" guys who are just starting out on this endeavour.

Questions for the forum, would anybody look at selling deep OTM calls on /ES ? Reasons are the SP looks "toppy" and Europe is starting to rear its ugly head again.

thanks

V

I sold the 1250 Puts last week which expire on May 17th for 1.55 and today they settled at 0.75. I was looking into strangling the position but the calls don't pay out enough to make the risk worth it. For puts with about two months out, I can sell 250-300 points away and still get a decent premium and with calls to get the same premium I am afforded only 100-150 points of movement which is too risky for me.

Reply With Quote
     
The following user says Thank You to rsb619 for this post:
     

Old March 25th, 2013, 07:51 PM   #1127 (permalink)
Elite Member
NW Florida
 
Futures Experience: Intermediate
Platform: OX and TOS
Favorite Futures: Futures Options, Stocks
 
opts's Avatar
 
Posts: 233 since Aug 2012
Thanks: 29 given, 107 received

The reason I thought of the notion about selling on the day of or a few days before expiration was when I was thinking about the index options expiring. We had bad weather here this weekend so I put the crazy cap on and pushed my 'what if' button.

Nice stats Ron...My positions are about 1/10th of yours.

For the year (Jan 1 - today) I am up about 17.2%.

Vader Trader will have the results updated when the S&P 500 closes for the month.

Reply With Quote
     
The following user says Thank You to opts for this post:
     

Old March 25th, 2013, 09:05 PM   #1128 (permalink)
Trading for Fun
Reno, USA
 
Futures Experience: Intermediate
Platform: esignal
Favorite Futures: Oil
 
Posts: 70 since Jul 2011
Thanks: 14 given, 9 received

Hey there Ron,

Honestly if i can at least beat the S+P I would be happy as I am getting my feet wet with this I am being really conservative right now. So far I've done 4 trades and after this week will be 3 win/1 loss (had to close out my first trade ever which was on /CL when it hit my 200% rule).

thanks

V

Reply With Quote
     
The following user says Thank You to vmaiya73 for this post:
     

Old March 25th, 2013, 09:43 PM   #1129 (permalink)
Market Wizard
OH
 
Futures Experience: Advanced
Platform: QST
Broker/Data: QST, DeCarley Trading, Gain
Favorite Futures: Options on Futures
 
Posts: 2,323 since Jul 2011
Thanks: 634 given, 3,900 received
Forum Reputation: Legendary


opts View Post
The reason I thought of the notion about selling on the day of or a few days before expiration was when I was thinking about the index options expiring. We had bad weather here this weekend so I put the crazy cap on and pushed my 'what if' button.

Nice stats Ron...My positions are about 1/10th of yours.

For the year (Jan 1 - today) I am up about 17.2%.

Vader Trader will have the results updated when the S&P 500 closes for the month.

Bad weather in Florida?
Ha we have 5 inches of snow now.

That is excellent results!

Reply With Quote
     

Old March 25th, 2013, 09:50 PM   #1130 (permalink)
Market Wizard
OH
 
Futures Experience: Advanced
Platform: QST
Broker/Data: QST, DeCarley Trading, Gain
Favorite Futures: Options on Futures
 
Posts: 2,323 since Jul 2011
Thanks: 634 given, 3,900 received
Forum Reputation: Legendary


I shoot for 25% yearly for my IRAs and conservative accounts.

They are up 9-14% so far.

My goal is 100% for my big accounts. It is up only 3% because I got bored and tried some risky things that didn't work.

Reply With Quote
     

Reply



futures.io > Futures Trading, News, Charts and Platforms > Traders Hideout > Options on Futures > Selling Options on Futures?

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)
 

NinjaTrader 8: Features and Enhancements, Tips and Tricks

Dec 6
 

Al Brooks: Stop Losing when a Good Trade goes Bad, Correcting Mistakes

Elite only
 

Trading Technologies: Algo Design Lab hands-on

Dec 13
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Crude Oil (CL) futures inverse pairing options Big Mike Commodities Futures Trading 8 December 12th, 2013 12:00 PM
Recommend futures, options Broker? sam1197 Brokers and Data Feeds 17 March 27th, 2013 01:42 AM
Trading Futures with options as protection Gooffy2010 Commodities Futures Trading 6 October 2nd, 2012 05:55 PM
Selling Njniatrader sam1197 NinjaTrader 22 June 28th, 2012 01:40 PM
Zen-Fire Futures options tici88 Brokers and Data Feeds 1 July 30th, 2011 10:16 AM


All times are GMT -4. The time now is 08:16 PM.

Copyright © 2016 by futures.io. All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
 
no new posts

Page generated 2016-12-02 in 0.14 seconds with 20 queries on phoenix via your IP 54.204.130.177