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Selling Options on Futures?
Started:July 19th, 2011 (06:16 PM) by ron99 Views / Replies:568,288 / 5,727
Last Reply:December 2nd, 2016 (12:40 PM) Attachments:642

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Selling Options on Futures?

Old February 26th, 2014, 01:17 PM   #3081 (permalink)
Trading for Fun
Houston, Texas
 
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I do not sell calls because the margin required to sell them is so high that it is impossible to get a decent ROI.

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Old February 27th, 2014, 02:07 PM   #3082 (permalink)
World'sWorstTrader
Knoxville Tennessee USA
 
Futures Experience: Intermediate
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Implied Volatility (IV)

For those who are interested, Ivolatility.com has a charting package that plots futures IV intraday. The data is
15 minute delayed. The cost is $29.00 per month. They also have real time IV intraday charting for more $, but
the 15 minute delayed has been sufficient for me.

I have no connection to ivolatility.com. This is just information.

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Old February 27th, 2014, 06:42 PM   #3083 (permalink)
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datahogg View Post
For those who are interested, Ivolatility.com has a charting package that plots futures IV intraday. The data is
15 minute delayed. The cost is $29.00 per month. They also have real time IV intraday charting for more $, but
the 15 minute delayed has been sufficient for me.

I have no connection to ivolatility.com. This is just information.

That's news. I thought you had to buy IV Graph + IV Graph "Live" which would total about $60 a month to track up to 10 underlyings.

If you are just buying IV Graph Live, how far back does the historical data go? FWIW, the end-of-day data in IV Graph goes back to late 2005.

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Old February 28th, 2014, 09:34 AM   #3084 (permalink)
World'sWorstTrader
Knoxville Tennessee USA
 
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IV


CafeGrande View Post
That's news. I thought you had to buy IV Graph + IV Graph "Live" which would total about $60 a month to track up to 10 underlyings.

If you are just buying IV Graph Live, how far back does the historical data go? FWIW, the end-of-day data in IV Graph goes back to late 2005.

Here is the link IVolatility.com - Services & Tools -> Analysis Services -> IVGraph Live

I only chart the IV of the item I am interested in. Usually the 30Day IV. I usually use the 15 minute chart.
The historical charts are available, but I never use them. You have a choice of futures or equities for $29.00
I only use futures.

Hope this helps.

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Old February 28th, 2014, 01:56 PM   #3085 (permalink)
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Futures Edge on FIO
I'm yet to find a really good book on practical trading of options. Eg use of strategies under varying market conditions. I've always learnt by doing, and have so built up knowledge on options trading do's and do not's and a good knowledge of valuation and risk of these from my day job.

Any recommended reading? Specifically on application of various spreads in various market conditions. Eg when are credit spreads good to look at. When do people trade iron condors. What conditions do people look to write options. Based on time, iv, and strength of directional bias. As well as how much emphasis to put on the Greeks in your trading. Etc

Pointers appreciated.

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Old February 28th, 2014, 03:52 PM   #3086 (permalink)
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sands View Post
I'm yet to find a really good book on practical trading of options. Eg use of strategies under varying market conditions. I've always learnt by doing, and have so built up knowledge on options trading do's and do not's and a good knowledge of valuation and risk of these from my day job.

Any recommended reading? Specifically on application of various spreads in various market conditions. Eg when are credit spreads good to look at. When do people trade iron condors. What conditions do people look to write options. Based on time, iv, and strength of directional bias. As well as how much emphasis to put on the Greeks in your trading. Etc

Pointers appreciated.

Based on your description I would recommend reading: Option Volatility & Pricing: Advanced Trading Strategies and Techniques written by Sheldon Natenberg.

Book description:

One of the most widely read books among active option traders around the world, "Option Volatility & Pricing" has been completely updated to reflect the most current developments and trends in option products and trading strategies. It covers pricing models, volatility considerations, basic and advanced trading strategies, and risk management techniques. Written in clear, easy-to-understand fashion, the book points out the key concepts essential to successful trading.Drawing on his experience as a professional trader, author Sheldon Natenberg examines both the theory and reality of option trading. He presents the foundations of option theory, and shows how this theory can be used to identify and exploit trading opportunities. He explains a wide variety of trading strategies and shows how to select the strategy that best fits each trader's view of market conditions and individual risk tolerance. The new sections include: expanded coverage of stock option; strategies for stock index futures and options; a broader, more in-depth discussion volatility; analysis of volatility skews; and intermarket spreading with options.

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Old February 28th, 2014, 03:53 PM   #3087 (permalink)
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datahogg View Post
Here is the link IVolatility.com - Services & Tools -> Analysis Services -> IVGraph Live

I only chart the IV of the item I am interested in. Usually the 30Day IV. I usually use the 15 minute chart.
The historical charts are available, but I never use them. You have a choice of futures or equities for $29.00
I only use futures.

Hope this helps.

Thanks, that's a good price and it looks like the chart quality is better than in IV GRAPH.

It would be nice if they tracked ATM volatility for actual contracts, rather than solely offering their interpolated IV index, but for many products and for most of the year, the IV Index might be close enough/good enough. When things are hot though, like in NG and KC recently, there can be large gaps between the 'smoothed' IV index and the IV of the contracts we have to trade.

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Old March 1st, 2014, 04:05 AM   #3088 (permalink)
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Ron99

Would you applay the same margin rules (3x excees) for option spread trading (sell nearest strike and buy futher one)?

P.S. I would like to say thanks for DeCarley broker service advice

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Old March 1st, 2014, 05:35 AM   #3089 (permalink)
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Kazan russia
 
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hello everyone! I also sell naked options on futures and post my thoughs in priceaction forum (info in profile)


looking for friends who sell options

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Old March 1st, 2014, 12:18 PM   #3090 (permalink)
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Switzerland
 
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mixpol View Post
hello everyone! I also sell naked options on futures and post my thoughs in priceaction forum (info in profile)


looking for friends who sell options

Hi there,

I also sell naked option and am also looking for someone who follows the same approach as what I do. Basically, I use the approach outlined in "James_Cordier,_Michael_Gross: The_Complete_Guide_To_Selling_Options"

I looked at the link that you suggested in your profile but unfortunately I don't read Russian. Do you normally post on here or other forums. I'm keen to bounce ideas off each other regarding possible trade setup etc......

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