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Selling Options on Futures?
Started:July 19th, 2011 (06:16 PM) by ron99 Views / Replies:569,146 / 5,728
Last Reply:December 6th, 2016 (05:26 PM) Attachments:642

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Selling Options on Futures?

Old December 12th, 2013, 10:52 AM   #2551 (permalink)
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Fear

Looks like there was a ton of uncertainty/fear/volatility in NG earlier this AM. I always compare theoretical prices to actual bid/ask. An hour ago, the bid/ask prices were way above theoretical prices. Now they are much closer. Although I hate being on the wrong side of all this, it is interesting to follow what to me looks like fear in the market.

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Old December 12th, 2013, 11:08 AM   #2552 (permalink)
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Absolutely KD, markets up 5c and people are hitting the offer on things like H4 6C at .054. double yesterdays price which equates to ridiculous delta for an option 37% out of the money, just crazy. I wish that was my offer that got hit.

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Old December 12th, 2013, 11:18 AM   #2553 (permalink)
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kevinkdog View Post
Looks like there was a ton of uncertainty/fear/volatility in NG earlier this AM. I always compare theoretical prices to actual bid/ask. An hour ago, the bid/ask prices were way above theoretical prices. Now they are much closer. Although I hate being on the wrong side of all this, it is interesting to follow what to me looks like fear in the market.

hi kd,
is it 'uncertainty/fear' or expectation that prices will go higher?


(fwiw harvard16.....offers get lifted, bids get hit).

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Old December 12th, 2013, 11:33 AM   #2554 (permalink)
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did the NG storage report just come out by any chance?

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Old December 12th, 2013, 11:34 AM   #2555 (permalink)
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Futures Edge on FIO

Are you a NinjaTrader user?

 
-81
Weekly Natural Gas Storage Report - EIA

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Old December 12th, 2013, 11:37 AM   #2556 (permalink)
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bloody hell,

being in Aus i have always been asleep when this gets released, man did the spreads on options strikes widen. is this normal?

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Old December 12th, 2013, 11:40 AM   #2557 (permalink)
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I don't trade options, but 60-90 seconds before the number is released all the liquidity is pulled in the futures, one of the reasons market moves so violently, so few resting orders.

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Old December 12th, 2013, 03:25 PM   #2558 (permalink)
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Old December 12th, 2013, 04:06 PM   #2559 (permalink)
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Just a reminder that @ron99 is presenting an Options Webinar today after the close at 4:30 PM Eastern




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Mike

That's assuming he hasn't done anything rash after watching these NG calls get ballistic.

I picked up my marbles yesterday and went home after watching my NG mar 6 calls go from 8 to 17.

Today at 54. Got my ass handed to me years ago in NG. I'll watch for now.

And listen to ron99 for advice.

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Old December 12th, 2013, 04:12 PM   #2560 (permalink)
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I am being bent over right now. Hell of a learning curve. Busy bailing to live to fight another day.

Rookie mistakes, i wont be making them again. It costs too much sleep and too much money!

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