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Selling Options on Futures?
Started:July 19th, 2011 (06:16 PM) by ron99 Views / Replies:568,987 / 5,728
Last Reply:20 Hours Ago (05:26 PM) Attachments:642

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Selling Options on Futures?

Old May 29th, 2013, 05:51 PM   #1661 (permalink)
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crez View Post
I was onto them just yesterday. They told me that Internet Explorer has been causing some issues with their new update and that I should download Firefox. Did that and still didn't work......called again and he asked if I was using Windows 8 or 7. Apparently if your on either of those the trade calc doesn't work and you need to upgrade your Windows to 9 or 10. He was under the impression that they were not going to do a fix for the older Windows operating system.

Anyone using 9 or 10 that is still having problems?

I am using Google Chrome and it doesn't work. I also tried Internet Explorer 10, and that doesn't work either. I think they told you that just to get you off the phone.


Here is the answer I just got:

"Hi Mr. Davey,



I checked with our tech team regarding this matter. This is a known issue that is being worked on now. We do not have an ETA for resolution as of yet, but working diligently to resolve this as soon as possible. I apologize for the inconvenience.



Thanks again and have a wonderful day!





Regards, "

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Old May 29th, 2013, 10:10 PM   #1662 (permalink)
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MJ888 View Post
What's up my fellow option sellers? Thanks Ron99 for alerting everyone to the coffee calls. I sold a bunch of those myself but my strikes were a bit closer to the money than KCU3 300C. Has coffee hit a bottom yet? I know the seasonal charts say the low usually occurs in mid June.

I noticed that the Trade and Profitability Calculator on OX is still not functioning correctly. It has been a while already. Anyone heard back from OX regarding this issue?

Hey opts, what wheat strikes are you looking at? What month? Puts? Calls? Strangle? Just curious.

CL appears to have been stuck in this $87-$95 range for a long time now too.

I'm looking at Sept around the 550 area right now but will wait a little longer. The next crop report is June 12. The seasonal lows are around July'ish and it looks like a bottom is trying to form here around 680 or so but the chart still looks a little bearish to me. Weather is the factor now so I'll keep an eye on that. Wheat gun is not loaded yet, trigger not ready to be pulled.....

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Old May 29th, 2013, 10:19 PM   #1663 (permalink)
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Trade calc is a no go for me with the futures options but seems to be working when you look at stock or index credit spreads. It's been like this for a while now which is surprising since OX is usually pretty good about fixing a bug. I really hope that Schwab isn't messing up a good thing.

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Old May 30th, 2013, 08:24 AM   #1664 (permalink)
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ron99 View Post
Oh BS on OX.

I use the Opera browser and trade calc doesn't work.

When you say Windows 9 or 10 do you mean Internet Explorer 9 or 10? I don't think there is a Windows 9 or 10.

I just tried OX with IE 10. Windows 7. Trade Calc still didn't work correctly.

Yeah, sorry Ron......meant IE 9 or 10

Anyone know of a calc that can give returns on spreads? The ROI can be worked out easy enough and margin requirement looks right in OX, but I'm stuck on the spreads.

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Old May 30th, 2013, 08:43 AM   #1665 (permalink)
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crez View Post
Yeah, sorry Ron......meant IE 9 or 10

Anyone know of a calc that can give returns on spreads? The ROI can be worked out easy enough and margin requirement looks right in OX, but I'm stuck on the spreads.

What are you stuck on exactly? Maybe give an example.

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Old May 30th, 2013, 08:58 AM   #1666 (permalink)
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kevinkdog View Post
What are you stuck on exactly? Maybe give an example.


Ok, I have been looking at directional spreads. A few weeks ago I was looking at buying a 93P and selling a 92P in July Crude. I wouldn't do that now, but do you have some math where I could work out what return it would give me if the underlying say hit 90, 89 etc - exactly what the OX Calc does.

Cheers

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Old May 30th, 2013, 09:04 AM   #1667 (permalink)
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crez View Post
Ok, I have been looking at directional spreads. A few weeks ago I was looking at buying a 93P and selling a 92P in July Crude. I wouldn't do that now, but do you have some math where I could work out what return it would give me if the underlying say hit 90, 89 etc - exactly what the OX Calc does.

Cheers

OK, now I understand. I don't have a spreadsheet that does that. There should be some free online sources that will provide it.

Your post is an excellent reminder to everyone that they should contact OptionsXpress, and complain about the Trade Calculator. Maybe it will then get moved up the "fix" list.

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Old May 30th, 2013, 11:37 AM   #1668 (permalink)
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opts View Post
I'm looking at Sept around the 550 area right now but will wait a little longer. The next crop report is June 12. The seasonal lows are around July'ish and it looks like a bottom is trying to form here around 680 or so but the chart still looks a little bearish to me. Weather is the factor now so I'll keep an eye on that. Wheat gun is not loaded yet, trigger not ready to be pulled.....

People looking at Wheat ... I just heard this morning on NPR that a field in Oregon was found to be contaminated with Geneticaly Modified Wheat (which was not released for sale/use by Monsanto). Right now, its not known how widely this might affect the Wheat Exports (Oregon wheat is mostly exported to Asia).

I have not researched it nor do I trade in Grains, so not sure of the implications. But thought of letting people know, just in case.

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Old May 30th, 2013, 11:55 AM   #1669 (permalink)
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Interesting things going on. NGN3 futures traded 554 times in the 4 seconds before the NG inventory came out. Took prices from 4.13 to 4.17. First trade in futures after the report was 4.083. Traded 159 times the 42 seconds before that.

Somebody guessing the direction after the NG inventory report?

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Old May 30th, 2013, 12:43 PM   #1670 (permalink)
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crez View Post
Ok, I have been looking at directional spreads. A few weeks ago I was looking at buying a 93P and selling a 92P in July Crude. I wouldn't do that now, but do you have some math where I could work out what return it would give me if the underlying say hit 90, 89 etc - exactly what the OX Calc does.

Cheers

Here's a spreadsheet I use when doing spreads.

One chart shows profit/loss. The other ROI%.

The yellow cells are the ones you can change.

A2 is the multiplier or value of $1 of futures. You need to change this based on the commodity. For example, CL is 1000. GC 100, ES 50.

A5 is the interval between prices in cells A6:A106.

A6 is the lowest price for the price range.

B2:E2 is the strike price of the option.

B3:G3 is the premium or price of the future or option.

B4:G4 is the quantity of each.

K2 is the margin required.

Columns T:Z are extra columns if you need them. Copy and insert them between columns B:H

K6:K106 is ROI%. I forgot to label it.

These notes are also on the Worksheet Notes.

Attached Files
Register to download File Type: xlsx Option Chart.xlsx (33.7 KB, 66 views)

Last edited by ron99; May 30th, 2013 at 12:51 PM.
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