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Selling Options on Futures?
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Created: by ron99 Attachments:729

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Selling Options on Futures?

  #2421 (permalink)
Trading Apprentice
West Palm Beach, Florida
 
Futures Experience: Advanced
Platform: TOS and IB
Favorite Futures: piano
 
Posts: 7 since Dec 2012
Thanks: 3 given, 0 received


ron99 View Post
For the far OTM options we are selling it is best to leg into them. The chances of getting good fills on spreads is very small.

Thanks ron99,

that is good to know!!!

With options on equities or equity indices it is the other way round, so I learned something new today

best and probably more questions to come, Richard

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  #2422 (permalink)
Elite Member
Dallas, TX
 
Futures Experience: Advanced
Platform: T4, Zaner360, TOS
Broker/Data: DeCarley Trading
Favorite Futures: Options
 
Posts: 104 since Sep 2013
Thanks: 133 given, 50 received


ron99 View Post
Several platforms have different variables that you can change that affect the delta calculation. For example the QST platform 5 different models you can use.

Check the settings in ESignal to see if you can change how deltas are calculated.

I use the one that closely models what is on the Daily Bulletins from CME.

I used to have ESignal. It was pretty good. But I like QST better.

QST works well for linking to excel and for having correct deltas. Problem for most is that it is expensive.

I don't think CTS or OEC/Zaner has deltas. I haven't found them.

Thanks Ron. There are some settings in eSignal, but they don't make a substantial difference in the resulting value. There is no choice of different valuation models like TOS has.

Since I posted original message, I've gone whole hog and am in the process of (in addition to the platforms mentioned earlier) evaluating TOS, TradeStation, OptionVue and LiveVolX. Once I'm done with all this, I'll start a thread.

As to delta values, eSignal's deltas are 3-6 percentage different than all the other platforms. TOS, IB/TWS and OX all have very similar deltas.

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  #2423 (permalink)
Market Wizard
Cleveland, OH
 
Futures Experience: Advanced
Platform: QST
Broker/Data: QST, DeCarley Trading, Gain
Favorite Futures: Options on Futures
 
Posts: 2,652 since Jul 2011
Thanks: 770 given, 4,587 received
Forum Reputation: Legendary



mu2pilot View Post
Thanks Ron. There are some settings in eSignal, but they don't make a substantial difference in the resulting value. There is no choice of different valuation models like TOS has.

Since I posted original message, I've gone whole hog and am in the process of (in addition to the platforms mentioned earlier) evaluating TOS, TradeStation, OptionVue and LiveVolX. Once I'm done with all this, I'll start a thread.

As to delta values, eSignal's deltas are 3-6 percentage different than all the other platforms. TOS, IB/TWS and OX all have very similar deltas.

Looking forward to that thread.

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  #2424 (permalink)
Elite Member
Prague, Czech Republic
 
Futures Experience: Advanced
Platform: AgenaTrader, Track'nTrade
Broker/Data: DeCarley/OEC, IBKR, IQFeed
Favorite Futures: futures, options
 
Posts: 180 since Sep 2010
Thanks: 66 given, 83 received


mu2pilot View Post
Thanks Ron. There are some settings in eSignal, but they don't make a substantial difference in the resulting value. There is no choice of different valuation models like TOS has.

Since I posted original message, I've gone whole hog and am in the process of (in addition to the platforms mentioned earlier) evaluating TOS, TradeStation, OptionVue and LiveVolX. Once I'm done with all this, I'll start a thread.

As to delta values, eSignal's deltas are 3-6 percentage different than all the other platforms. TOS, IB/TWS and OX all have very similar deltas.

Looking forward to that tread as well. I am currently with eSignal 11, BTW.

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  #2425 (permalink)
World'sWorstTrader
Knoxville Tennessee USA
 
Futures Experience: Intermediate
Platform: TOS
Favorite Futures: ES, NQ, CL, /6E futures options.
 
Posts: 261 since Oct 2012
Thanks: 126 given, 75 received

TOS Futures with options that can be traded.

For the Think or Swim (TOS) platform futures that have options that can be traded with the TOS platform
may be found at:


https://www.thinkorswim.com/tos/displayPage.tos?webpage=servicesOrderTypes&displayFormat=hide#

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  #2426 (permalink)
Elite Member
Dallas, TX
 
Futures Experience: Advanced
Platform: T4, Zaner360, TOS
Broker/Data: DeCarley Trading
Favorite Futures: Options
 
Posts: 104 since Sep 2013
Thanks: 133 given, 50 received


datahogg View Post
For the Think or Swim (TOS) platform futures that have options that can be traded with the TOS platform
may be found at:


https://www.thinkorswim.com/tos/displayPage.tos?webpage=servicesOrderTypes&displayFormat=hide#

That looks like all of them. Does anyone know if they offer SPAN margin on commodities?

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  #2427 (permalink)
Market Wizard
Cleveland, OH
 
Futures Experience: Advanced
Platform: QST
Broker/Data: QST, DeCarley Trading, Gain
Favorite Futures: Options on Futures
 
Posts: 2,652 since Jul 2011
Thanks: 770 given, 4,587 received
Forum Reputation: Legendary


mu2pilot View Post
That looks like all of them. Does anyone know if they offer SPAN margin on commodities?

TOS is missing several options. You can't do all of the ICE Softs, SI, LH, LC, HO, RB. Missing the Softs is a big one.

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  #2428 (permalink)
Elite Member
Dallas, TX
 
Futures Experience: Advanced
Platform: T4, Zaner360, TOS
Broker/Data: DeCarley Trading
Favorite Futures: Options
 
Posts: 104 since Sep 2013
Thanks: 133 given, 50 received


ron99 View Post
TOS is missing several options. You can't do all of the ICE Softs, SI, LH, LC, HO, RB. Missing the Softs is a big one.

I see all of these listed under the various sections in the link given, but I assume they aren't coming from the ICE? If not, why do you prefer ICE?

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  #2429 (permalink)
Market Wizard
Cleveland, OH
 
Futures Experience: Advanced
Platform: QST
Broker/Data: QST, DeCarley Trading, Gain
Favorite Futures: Options on Futures
 
Posts: 2,652 since Jul 2011
Thanks: 770 given, 4,587 received
Forum Reputation: Legendary


mu2pilot View Post
I see all of these listed under the various sections in the link given, but I assume they aren't coming from the ICE? If not, why do you prefer ICE?

Click on the link. Click on Futures. Click on the Futures Product and look in the Tradable Options column to see which ones are not available.

CME Hog options are not available to trade. COMEX Silver options are not available to trade. ICE Coffee options are not available to trade. NYMEX RB options are not available to trade. Plus others.

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The following user says Thank You to ron99 for this post:
 
  #2430 (permalink)
Elite Member
Dallas, TX
 
Futures Experience: Advanced
Platform: T4, Zaner360, TOS
Broker/Data: DeCarley Trading
Favorite Futures: Options
 
Posts: 104 since Sep 2013
Thanks: 133 given, 50 received



ron99 View Post
Click on the link. Click on Futures. Click on the Futures Product and look in the Tradable Options column to see which ones are not available.

CME Hog options are not available to trade. COMEX Silver options are not available to trade. ICE Coffee options are not available to trade. NYMEX RB options are not available to trade. Plus others.

I see that now. Good catch.

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