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Selling Options on Futures?
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Selling Options on Futures?

  #2821 (permalink)
Market Wizard
Cleveland, OH
 
Futures Experience: Advanced
Platform: QST
Broker/Data: QST, DeCarley Trading, Gain
Favorite Futures: Options on Futures
 
Posts: 2,717 since Jul 2011
Thanks: 792 given, 4,759 received
Forum Reputation: Legendary

ICE is changing trading hours for some softs effective Feb 3rd. They are actually reducing trading hours.

This is a pdf.
http://links.intercontinentalexchange.eb2b.vtrnz.com/ctt?kn=3&ms=NzcwMzAxMAS2&r=...MTEyMzIxNTQ4S0&mt=1&rt=0

SB will open 1 hour later and close 1 hour earlier at 1pm ET.
KC will open 45 minutes later and close 30 minutes earlier at 1:30pm ET.
CC will open 45 minutes later and close 30 minutes earlier at 1:30pm ET.
CT will open same time and close 10 minutes earlier at 2:20pm ET.

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  #2822 (permalink)
Market Wizard
Cleveland, OH
 
Futures Experience: Advanced
Platform: QST
Broker/Data: QST, DeCarley Trading, Gain
Favorite Futures: Options on Futures
 
Posts: 2,717 since Jul 2011
Thanks: 792 given, 4,759 received
Forum Reputation: Legendary

It sounded like the CME was dropping Dominick Chirichella. And he was gone for 10 days. But his Energy commentary is back.

http://www.cmegroup.com/education/browse-materials/bios/commentary/emi-chirichella.html

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  #2823 (permalink)
Elite Member
Brisbane, Australia
 
Futures Experience: Intermediate
Platform: IB
Favorite Futures: XJO, SPI
 
Posts: 4 since Jan 2014
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Switching to a new broker ?


Would those that are switching to DeCarly brokers please indicate their progress, suitability , etc
Thanks

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  #2824 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,237 since Jun 2009
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kevinkdog View Post
Carley ( @decarleytrading ) is great. I have had an account there for 2-3 months. Service is excellent when there are issues (there have been a few minor order issues with Gain and the Zaner 360 platform). Carley seems to answer e-mails day and night.

They also can provide a lot of analysis, etc. I don't use them for that, though. It may be valuable stuff I am missing.

Of course, for the extra service, you pay a bit more in commissions, compared to someone like OptionsExpress. But, since DeCarley uses SPAN minimum (and OptionsExpress requires more for some instruments), I can have a contract or two more with DeCarley, and this more than makes up for the commission difference.

Overall, highly recommend. High satisfied.

Kevin

For someone like me, a complete noobie with options, I appreciate the daily commentary she provides as it helps me learn. I would only recommend it for noobs as once you find your footing you should not take trade advice from anyone, no matter how good they are, their track record, or their intentions.

There is a vendor review thread on her brokerage here:
https://futures.io/brokers-data-feeds/22520-carley-garner-decarleytrading-com-carleygarnertrading-com.html

It is more appropriate for reviews to be placed in that thread.

Carley also has an AMA on the forum here if you have any options related questions:
https://futures.io/brokers-data-feeds/26309-decarley-tradings-carley-garner-seni...ing-ask-me-anything.html

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

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  #2825 (permalink)
Market Wizard
Cleveland, OH
 
Futures Experience: Advanced
Platform: QST
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Favorite Futures: Options on Futures
 
Posts: 2,717 since Jul 2011
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Big Mike View Post
For someone like me, a complete noobie with options, I appreciate the daily commentary she provides as it helps me learn. I would only recommend it for noobs as once you find your footing you should not take trade advice from anyone, no matter how good they are, their track record, or their intentions.

There is a vendor review thread on her brokerage here:
https://futures.io/brokers-data-feeds/22520-carley-garner-decarleytrading-com-carleygarnertrading-com.html

It is more appropriate for reviews to be placed in that thread.

Carley also has an AMA on the forum here if you have any options related questions:
https://futures.io/brokers-data-feeds/26309-decarley-tradings-carley-garner-seni...ing-ask-me-anything.html

Mike

I put my comments in the first thread link.

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  #2826 (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
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ron99 View Post
I put my comments in the first thread link.

Ron,

which clearing do you use with DeCarley / Zaner if I may ask?

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  #2827 (permalink)
Market Wizard
Cleveland, OH
 
Futures Experience: Advanced
Platform: QST
Broker/Data: QST, DeCarley Trading, Gain
Favorite Futures: Options on Futures
 
Posts: 2,717 since Jul 2011
Thanks: 792 given, 4,759 received
Forum Reputation: Legendary


rani View Post
Ron,

which clearing do you use with DeCarley / Zaner if I may ask?

I use Crossland/CTS only because I already had an OEC account. OEC and Zaner both clear through Gain and use the same platform.

If I didn't already have the OEC account I would have went with Zaner.

I wanted another account so that my money is at several different places in case one of them does a PFG/MF Global blowup.

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  #2828 (permalink)
Market Wizard
Cleveland, OH
 
Futures Experience: Advanced
Platform: QST
Broker/Data: QST, DeCarley Trading, Gain
Favorite Futures: Options on Futures
 
Posts: 2,717 since Jul 2011
Thanks: 792 given, 4,759 received
Forum Reputation: Legendary

ICE is raising KC margins by 19.4% effective on Thursday.

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  #2829 (permalink)
Market Wizard
Cleveland, OH
 
Futures Experience: Advanced
Platform: QST
Broker/Data: QST, DeCarley Trading, Gain
Favorite Futures: Options on Futures
 
Posts: 2,717 since Jul 2011
Thanks: 792 given, 4,759 received
Forum Reputation: Legendary


Quoting 
Platts' Bentek Energy said natural gas delivered to consumers across the U.S. hit 134.3 billion cubic feet per day, surpassing Monday's record 130.4 Bcf/d.
...
Jack Weixel, director of energy analysis with Bentek, said residential and commercial demand for natural gas this winter, starting Nov. 1, is averaging 43.2 billion cubic feet per day, compared to 36.2 Bcf/day last year, in the same time period.

"On Monday, demand from the power sector, when most of the cold weather was in the middle of the country ... shot up to 30.7 Bcfs from 22.5," from Sunday to Monday, Weixel said. Demand by residential and commercial users, served by gas utilities, jumped about 25 percent between Sunday and Monday, he said.

Record demand Monday and Tuesday tops the record of 122.3 Bcfs set on Jan. 16, 2009.

Cold blast pushes record natural gas demand, but outlook chills prices

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  #2830 (permalink)
World'sWorstTrader
Knoxville Tennessee USA
 
Futures Experience: Intermediate
Platform: TOS
Favorite Futures: ES, NQ, CL, /6E futures options.
 
Posts: 272 since Oct 2012
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Adjustments


Ron's strategy for exiting a position is: IM=(Initial Margin), MM=Maintenance margin.
(MM + loss for positon) -----> approach 3 * IM.

But what if you plan on making adjustments to the position instead of exiting? (Maybe buy back puts and sell other puts
further out of the money.) Would the strategy be the same as Ron's strategy for exiting a position?

What are some of the strategies used for making adjustments to a position??

Thanks in advance.

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