Selling Options on Futures? - Options on Futures | futures io social day trading
futures io futures trading


Selling Options on Futures?
Updated: Views / Replies:680,704 / 6,275
Created: by ron99 Attachments:731

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 731  
 
Thread Tools Search this Thread
 

Selling Options on Futures?

  #2981 (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

Here is the same spreadsheet using SPAN IM which is the margin that Ron uses to compute ROI. I didn't add the highlights, but the situation is the same. Short strangles in the ES aren't a viable strategy at this time.

EDIT: I also added the NG ROI Matrix for comparison. This is also based on Friday's SPAN IM.

Attached Thumbnails
Selling Options on Futures?-es-roi-matrix-span-im.pdf   Selling Options on Futures?-ng-roi-matrix-span-im.pdf  

Last edited by mu2pilot; January 26th, 2014 at 01:38 PM.
Reply With Quote
 
  #2982 (permalink)
Market Wizard
St Thomas, USVI
 
Futures Experience: Advanced
Platform: XTrader
Broker/Data: Advantage Futures
Favorite Futures: Energy
 
Posts: 1,977 since Dec 2013
Thanks: 1,661 given, 3,041 received
Forum Reputation: Legendary

NG +12c on the Globex Sunday Night Reopen.

Reply With Quote
 
  #2983 (permalink)
Trading for Fun
St Paul, MN, USA
 
Futures Experience: Advanced
Platform: Abacus
Broker/Data: RJO, Interactive Brokers
Favorite Futures: Commodity Futures & Options
 
Posts: 196 since Jan 2014
Thanks: 117 given, 191 received


MU2PILOT - In your pdf for Natural Gas, I noticed 30 DTE (today), Previous Value (settlement price on Friday) and that the file was uploaded about noon central today. What's the source of the BID, ASK and PRICE? Thanks.

Reply With Quote
 
  #2984 (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

Those columns are connected to ThinkorSwim and display real-time quotes when markets are open. The ROI is based on the real-time price.


Sent from my iPad using Tapatalk HD

Reply With Quote
 
  #2985 (permalink)
Trading for Fun
St Paul, MN, USA
 
Futures Experience: Advanced
Platform: Abacus
Broker/Data: RJO, Interactive Brokers
Favorite Futures: Commodity Futures & Options
 
Posts: 196 since Jan 2014
Thanks: 117 given, 191 received

Thanks. They must use the same or a similar data source as OptionsXpress. I rarely trade through OX, but I glanced at their NG futures options chain after I sent my last post and they had most of the same numbers. Some of them are nonsense, i.e. a bid and ask and a 'price' outside of the range, or an extremely wide bid and ask and a 'price' at the bid. All of those fields should be zero post-session.

That was one of my complaints about OX - their chains were usually OK during the session, but post-session and over the weekend, many strikes were populated with bad data, and when they bothered to calculate IV and the Greeks (they have many empty IV and greek fields), the results would be way off, too.

Anyway, I like how you've automated that table. Sorry about the OX bitch session.

Reply With Quote
 
  #2986 (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


SMCJB View Post
NG +12c on the Globex Sunday Night Reopen.

Yeah, Monday morning in Europe and Feb NG is up another 4.5%.

Reply With Quote
 
  #2987 (permalink)
Market Wizard
Cleveland, OH
 
Futures Experience: Advanced
Platform: QST
Broker/Data: QST, DeCarley Trading, Gain
Favorite Futures: Options on Futures
 
Posts: 2,674 since Jul 2011
Thanks: 777 given, 4,643 received
Forum Reputation: Legendary


rani View Post
Yeah, Monday morning in Europe and Feb NG is up another 4.5%.

And now it is down. 36 cent spread between high and low already. Crazy.

Reply With Quote
 
  #2988 (permalink)
Market Wizard
Cleveland, OH
 
Futures Experience: Advanced
Platform: QST
Broker/Data: QST, DeCarley Trading, Gain
Favorite Futures: Options on Futures
 
Posts: 2,674 since Jul 2011
Thanks: 777 given, 4,643 received
Forum Reputation: Legendary


Quoting 
An added lift in the natural gas market comes on chatter that some power companies were getting squeezed, and that may be providing a new segment of buyers into the fray.

http://www.cmegroup.com/education/market-commentary/energy/2014/01/pre-open-nat-...rgy+Market+Commentary%29

Reply With Quote
 
  #2989 (permalink)
Trading for Fun
St Paul, MN, USA
 
Futures Experience: Advanced
Platform: Abacus
Broker/Data: RJO, Interactive Brokers
Favorite Futures: Commodity Futures & Options
 
Posts: 196 since Jan 2014
Thanks: 117 given, 191 received




I like Hightower because they actually make some trade recommendations, with stops, and tell you when they got out and made/lost money. They had a real doozy one week ago, though; a recommendation to short Mar 4.40 NG calls and buy Jun calls at X (somewhat higher strike). I haven't followed it, but Jun futures and IV haven't run up that much and the short March call position would have been creamed.

Reply With Quote
 
  #2990 (permalink)
Market Wizard
St Thomas, USVI
 
Futures Experience: Advanced
Platform: XTrader
Broker/Data: Advantage Futures
Favorite Futures: Energy
 
Posts: 1,977 since Dec 2013
Thanks: 1,661 given, 3,041 received
Forum Reputation: Legendary


CNBC/Reuters:- Hedge funds burned by natural gas in 2013

Reply With Quote
The following 2 users say Thank You to SMCJB for this post:

Reply



futures io > > > > Selling Options on Futures?

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Battlestations: Show us your trading desks and win $750 in prizes

August
 

Ask Me Anything (AMA) w/Rod Casilli @ Collective2

Aug 23
 

Prototyping Python Strategies (part 3, Live Trading) w/Ran Aroussi [1PM ET]

Elite only
 

Develop Strategies and Perfect Execution w/Brannigan Barrett @ Axia Futures

Elite only

Introduction to Phillip Capital futures brokerage services

Aug TBD

How Monte Carlo Analysis Can Help Your Trading w/Kevin Davey

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Crude Oil (CL) futures inverse pairing options Big Mike Commodities Futures Trading 8 December 12th, 2013 11:00 AM
Recommend futures, options Broker? sam1197 Reviews of Brokers and Data Feeds 17 March 27th, 2013 12:42 AM
Trading Futures with options as protection Gooffy2010 Commodities Futures Trading 6 October 2nd, 2012 04:55 PM
Selling Njniatrader sam1197 NinjaTrader 22 June 28th, 2012 12:40 PM
Zen-Fire Futures options tici88 Reviews of Brokers and Data Feeds 1 July 30th, 2011 09:16 AM


All times are GMT -4. The time now is 11:06 PM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-08-17 in 0.11 seconds with 20 queries on phoenix via your IP 23.20.60.138