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Selling Options on Futures?
Started:July 19th, 2011 (06:16 PM) by ron99 Views / Replies:567,733 / 5,727
Last Reply:3 Hours Ago (12:40 PM) Attachments:642

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Selling Options on Futures?

Old January 6th, 2014, 06:36 PM   #2821 (permalink)
Market Wizard
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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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Old January 6th, 2014, 06:55 PM   #2822 (permalink)
Market Wizard
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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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Old January 7th, 2014, 10:29 AM   #2823 (permalink)
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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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Old January 7th, 2014, 10:41 AM   #2824 (permalink)
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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

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Old January 7th, 2014, 02:25 PM   #2825 (permalink)
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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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Old January 7th, 2014, 03:37 PM   #2826 (permalink)
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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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Old January 7th, 2014, 03:44 PM   #2827 (permalink)
Market Wizard
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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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Old January 7th, 2014, 03:45 PM   #2828 (permalink)
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ICE is raising KC margins by 19.4% effective on Thursday.

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Old January 7th, 2014, 07:51 PM   #2829 (permalink)
Market Wizard
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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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Old January 8th, 2014, 08:50 AM   #2830 (permalink)
World'sWorstTrader
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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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