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Selling Options on Futures?
Started:July 19th, 2011 (06:16 PM) by ron99 Views / Replies:568,629 / 5,727
Last Reply:December 2nd, 2016 (12:40 PM) Attachments:642

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Selling Options on Futures?

Old July 7th, 2013, 09:30 PM   #1771 (permalink)
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eudamonia View Post
October Calls

I did Aug & Sep so I have more time erosion on my side.

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Old July 7th, 2013, 09:42 PM   #1772 (permalink)
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eudamonia View Post
My thoughts on the news:

The NFP news that things aren't as bad as we thought is unlikely to maintain any momentum in the markets. We are in the doldrums. Things aren't bad but we all know the only thing keeping the stock market up is printing $. The Fed has put themselves in a tough position with this one because the previous sentence starts as a fringe idea and then becomes what nearly everyone believes. Hence the fear of being weened off the free money.

I disagree we are in the doldrums. Corporate profit is at record high. Home sales are booming. Car sales are booming. Construction spending is up. Hiring is strong. PE's are at normal levels. ISM Manufacturing index up. Consumer Confidence and Sentiment numbers are up. Income numbers are up.

And all that after payroll tax increase and sequestration cuts.

In my local paper there are help wanted ads for oil change technicians. When entry level jobs have to be advertised you know the situation is good.

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Old July 8th, 2013, 04:29 AM   #1773 (permalink)
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opts View Post
How far apart you usually spread the options?

For me that depends on the underlying, I simply divide my account into 'risk units'. I focus on what I stand to loose in a worst case scenario. Pending my conviction I decide the width of the spread, the number of contracts is simply a result of how many 'units' I am willing to risk. Generally speaking the trade structures are somewhere in the range of 1 to 4 strikes apart.

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Old July 8th, 2013, 08:56 AM   #1774 (permalink)
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Cogito ergo sum View Post
For me that depends on the underlying, I simply divide my account into 'risk units'. I focus on what I stand to loose in a worst case scenario. Pending my conviction I decide the width of the spread, the number of contracts is simply a result of how many 'units' I am willing to risk. Generally speaking the trade structures are somewhere in the range of 1 to 4 strikes apart.

Sounds good, thanks.

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Old July 8th, 2013, 09:26 PM   #1775 (permalink)
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Futures Edge on FIO
Crude volume lower the past few days...pullback on the way???

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Old July 8th, 2013, 10:10 PM   #1776 (permalink)
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opts View Post
Crude volume lower the past few days...pullback on the way???

Just lower holiday volume.

Last year 1st 4 days of July averaged 597k. This year 858k.

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Old July 9th, 2013, 06:15 PM   #1777 (permalink)
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To follow up from my previous post I sold the CLV3130C at a loss (.19-.05) of .14 Monday morning.

Added a few CLV370P and NGU35C.

We'll see how it turns out.

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Old July 10th, 2013, 09:55 AM   #1778 (permalink)
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OX lowered their excess margin on KC (to 20% over SPAN) and NG (10%).

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Old July 10th, 2013, 09:59 AM   #1779 (permalink)
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ron99 View Post
Just lower holiday volume.

Last year 1st 4 days of July averaged 597k. This year 858k.

CL total futures volume average for June was 655k per day.

727k on Monday. 795k Tuesday.

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Old July 10th, 2013, 12:21 PM   #1780 (permalink)
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OPEC Info:

http://www.cnbc.com/id/100875584

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