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Selling Options on Futures?
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Selling Options on Futures?

  #3081 (permalink)
Trading for Fun
Houston, Texas
 
Futures Experience: Advanced
Platform: Interactive Brokers, OptionsXpress
Broker/Data: Options Express
Favorite Futures: Options on Futures
 
MJ888's Avatar
 
Posts: 165 since Sep 2012
Thanks: 37 given, 123 received

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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  #3082 (permalink)
World'sWorstTrader
Knoxville Tennessee USA
 
Futures Experience: Intermediate
Platform: TOS
Favorite Futures: ES, NQ, CL, /6E futures options.
 
Posts: 272 since Oct 2012
Thanks: 126 given, 79 received

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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  #3083 (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
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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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  #3084 (permalink)
World'sWorstTrader
Knoxville Tennessee USA
 
Futures Experience: Intermediate
Platform: TOS
Favorite Futures: ES, NQ, CL, /6E futures options.
 
Posts: 272 since Oct 2012
Thanks: 126 given, 79 received

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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  #3085 (permalink)
Elite Member
London + UK
 
Futures Experience: Advanced
Platform: Proprietary Analytics
Broker/Data: Multiple broker + Multiple feed
Favorite Futures: Currently European and US equities
 
sands's Avatar
 
Posts: 432 since Dec 2013
Thanks: 223 given, 205 received

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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  #3086 (permalink)
Elite Member
Amsterdam
 
Futures Experience: None
Platform: J.A.R.V.I.S.
Favorite Futures: N/A
 
Cogito ergo sum's Avatar
 
Posts: 193 since Jul 2010
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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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The following user says Thank You to Cogito ergo sum for this post:
 
  #3087 (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


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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  #3088 (permalink)
Trading for Fun
Riga Latvia
 
Futures Experience: Intermediate
Platform: Zaner 360
Favorite Futures: commodyties
 
Posts: 99 since Jan 2013
Thanks: 366 given, 70 received

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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  #3089 (permalink)
Trading Apprentice
Kazan russia
 
Futures Experience: Intermediate
Platform: QST
Broker/Data: Vision
Favorite Futures: CL
 
Posts: 31 since Dec 2013
Thanks: 2 given, 5 received

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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  #3090 (permalink)
Trading Apprentice
Switzerland
 
Futures Experience: Intermediate
Platform: IB
Favorite Futures: ES, Currencz Futures, Forex
 
Posts: 7 since Dec 2013
Thanks: 0 given, 0 received



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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