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Selling Options on Futures?
Started:July 19th, 2011 (06:16 PM) by ron99 Views / Replies:570,062 / 5,734
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Selling Options on Futures?

Old June 22nd, 2013, 09:29 AM   #1731 (permalink)
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Obama just took away 2/3 of Fed land that was set aside for shale fracking. I'm in Ron's boat with his 'tidal range'....

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Old June 22nd, 2013, 11:42 PM   #1732 (permalink)
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Interesting info from DCOT futures report.

Specs/funds have 31% more short futures positions than last year. Most ever. Longs are about the same as previous years.
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Also specs added CL & RB longs the week before the Fed report. So they had to bail when prices dropped after Fed announcement.

So I'm thinking futures are more likely to go down or be flat than go up since fundamentals are more bearish than bullish. Eventually the shorts will need to get out, but I don't think it will be anytime soon.

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Old June 24th, 2013, 09:47 AM   #1733 (permalink)
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Quoting 
World coffee inventory will rise to its highest in five years in the
2013/14 crop year as an overhang of stock in Brazil, the world's
No. 1 producer, will offset an expected drop in output and modest
increase in demand, the U.S. Department of Agriculture reported
on Friday.
The report on the USDA's website pegged global ending stocks
at 30.5 million bags by the end of June 2014, up from 30.2 million
in 2012/13 and the highest since 2008/09 when the stockpile
was almost 40 million bags.

.

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Old June 24th, 2013, 11:36 AM   #1734 (permalink)
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I've wrote OX again about the margin calculator not functioning correctly, no response yet. Anyone else heard something lately?

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Old June 24th, 2013, 03:36 PM   #1735 (permalink)
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I've wrote OX again about the margin calculator not functioning correctly, no response yet. Anyone else heard something lately?

i chatted cust service (i emailed them a while back & got no response), they said its being worked on but there is no ETA for it being fixed as they have no date for the next platform release.....v helpful. i then asked if they thought the apparent continual procrastination wld potentially drive clients away in search for a better service elsewhere, and if this was in anyway related to the charles schwab takeover & got a copy/paste reply saying "no" the takeover was a "win win win" for both parties.

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Old June 24th, 2013, 05:55 PM   #1736 (permalink)
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Yeah...Couldn't get some delta values either on options. Hope it's foxed sooner vs. later.

fixed...no pun intended but it was a good one either way.


Last edited by opts; June 24th, 2013 at 08:13 PM.
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Old June 25th, 2013, 10:44 AM   #1737 (permalink)
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From OX:

"Thank you for your email. I am very sorry about the delay. Please note that we have been working on getting this issue corrected. Although we do not have an ETA of when the fix will be released, please be assured that we are working on getting this as soon as possible. I have noted your account and will notify you once we have been notified of the fix."



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Old June 26th, 2013, 09:53 AM   #1738 (permalink)
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A rep called me yesterday and said it was working fine. Nope. You you can get margin info if you use market price and not a sell limit credit which I use to do. Profit loss graph not working but that is really no use if you're strictly selling options outright....

Sold CL puts and ES puts last week.

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Old June 26th, 2013, 10:06 AM   #1739 (permalink)
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Profit loss graph not working for me either.

I knew when OX was sold that things would get worse. They have.

Corporate greed wins out over customer service again.

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Old June 26th, 2013, 12:08 PM   #1740 (permalink)
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Unfortunately it doesn't seem like there are a lot of other good choices for futures option sellers.

On a different note here are the trades I'm in and considering at the moment:

Trades currently in:

Cotton September 110 calls
Cotton December 120 calls
Crude Oil August 65 and 70 puts
Crude Oil September 70 puts
ES July 1300 puts
Coffee September 300 calls

Trades under consideration:

Natural Gas October 5.5 calls - waiting for us to pull back a bit and see how the weather looks in the next few weeks. Good seasonal tendency for NG to trend down for the next few months. Supply is strong, demand currently weak but could be a factor during the summer cooling demand months.

Live Cattle August 108 puts - currently supply is the tightest in 12 years with many livestock owners having liquidated their herds in the past 6 months due to increased feed costs (particularly corn) and inflexible elasticity on the demand curve. Typically June is the low for seasonal demand which picks up considerably during the summer months.

ES August 1250 puts - now that QE tapering fears have hit the market I'm looking for the overreaction. We may have already seen this with the test of the 1550 area. 1500 is a more important number and would ideally like to see us test this level.

Other trades that are bit further out might be selling volatility in the grains as we get into the harvest season.


Last edited by eudamonia; June 26th, 2013 at 12:09 PM. Reason: punctuation
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