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Selling Options on Futures?
Started:July 19th, 2011 (06:16 PM) by ron99 Views / Replies:568,022 / 5,727
Last Reply:Yesterday (12:40 PM) Attachments:642

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Selling Options on Futures?

Old March 30th, 2014, 07:34 PM   #3141 (permalink)
Market Wizard
OH
 
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Zero85 View Post
How about you Ron, what are you trading these days? I need to build up my positions and diversify in a couple of more commodities.

I am mainly doing dairy trading right now. But not selling options.

I do have a bunch of CL strangles on. Sold some May KC calls.

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Old March 30th, 2014, 09:44 PM   #3142 (permalink)
Elite Member
austin, texas
 
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Thread


ron99 View Post
I am mainly doing dairy trading right now. But not selling options.

I do have a bunch of CL strangles on. Sold some May KC calls.

Wow sounds like a good thread to learn option selling. Am going to follow with interest.

Thanks
Hector

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Old March 31st, 2014, 06:31 PM   #3143 (permalink)
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Scarce Opportunities?



ron99 View Post
... But not selling options.

I do have a bunch of CL strangles on. Sold some May KC calls.

Is anyone else finding there to be slim pickings among Ron type options to sell right now? A majority of the markets seem to be so flat, option prices and ROIs are low. I assume the ebb and flow market results in situations like this from time to time.

Ron, is this a time when there aren't a lot of opportunities to take advantage of?

mu2pilot

PS- I have CL and ZW strangles on presently and am short CC, ES & NQ puts and KC calls, but these were put on a few weeks back.


Last edited by mu2pilot; March 31st, 2014 at 08:50 PM.
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Old March 31st, 2014, 09:05 PM   #3144 (permalink)
Market Wizard
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mu2pilot View Post
Is anyone else finding there to be slim pickings among Ron type options to sell right now? A majority of the markets seem to be so flat, option prices and ROIs are low. I assume the ebb and flow market results in situations like this from time to time.

Ron, is this a time when there aren't a lot of opportunities to take advantage of?

mu2pilot

PS- I have CL and ZW strangles on presently and am short CC, ES & NQ puts and KC calls, but these were put on a few weeks back.

Are you using the Scanner page of Dudetooth's spreadsheet in the PC-SPAN thread (the latest version towards the end of the thread) to find options to sell? It is THE best way to find opportunities.

There is stuff out there to do.

Yes the ROI does go up and down.

I am just not selling options now because I am concentrated on dairy right now.

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Old March 31st, 2014, 10:54 PM   #3145 (permalink)
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Futures Edge on FIO

ron99 View Post
Are you using the Scanner page of Dudetooth's spreadsheet in the PC-SPAN thread (the latest version towards the end of the thread) to find options to sell? It is THE best way to find opportunities.

There is stuff out there to do.

Yes the ROI does go up and down.

I am just not selling options now because I am concentrated on dairy right now.

Yes, I am using it, just not every day. I have all of the same information in a spreadsheet that not only computes span margin and ROI, it combines it with real time quotes as well as all bids & offers. I've only be at this a few months, but it feels like I have less to choose from now than I did 3-4 weeks ago.

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Old March 31st, 2014, 10:54 PM   #3146 (permalink)
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One of my many studies to come to terms with an underlying

Hi everyone,
Since my first post to this thread over a year ago I have been trying to come to terms with diversifying my trading. At the time Kevin posted a reply and opened my eyes to the many other commodities. I have trade CL for so long I find it hard to look elsewhere. I have had success in NG. I have noticed not all commodities trade in a technically structure price pattern. For example, I got burn on CC strangle with a moderate loss. I have been trying to watch volatility. But there are not very useful tools for this. So I have built volatility into my excel charts for current month and yearly volatility percentile. This has started to help me look elsewhere. But then I see the price chart and don't see what I consider to be an organised price movement. Anyway it is a challenge. Here is a link to the type of paper trades I continually do to try and understand all the variables of a commodity. Any feedback is welcome. Thanks to all for contributing to this thread. I don't know anywhere else where I would feel at home.

https://docs.google.com/document/d/1Ennv8NNASZf8fkDbpZPIqmAAap04MmtZ_ba9Y7qlDYA/edit?usp=sharing

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Old April 1st, 2014, 10:05 AM   #3147 (permalink)
World'sWorstTrader
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I agree.


mu2pilot View Post
Yes, I am using it, just not every day. I have all of the same information in a spreadsheet that not only computes span margin and ROI, it combines it with real time quotes as well as all bids & offers. I've only be at this a few months, but it feels like I have less to choose from now than I did 3-4 weeks ago.

With the VIX at 13, and the ES near a high this is not a time to sell premium at least for the index products.

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Old April 1st, 2014, 11:11 AM   #3148 (permalink)
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datahogg View Post
With the VIX at 13, and the ES near a high this is not a time to sell premium at least for the index products.

With as far OTM as we sell I don't think that you should avoid ES just because of what technicals say.

For example, in late Oct the RSI was over 70. ES was at a high of 1750. ES had just went up 100+ the previous 21 days. If you avoided it you would have misses the next almost 100 up for ES in Nov & Dec.

On March 7th ES had just gone up almost 150 in 5 weeks. I'm sure the technicals were high. But if you sold that day you would have been fine because it traded in a narrow 37 point range the rest of the month.

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Old April 1st, 2014, 11:43 AM   #3149 (permalink)
World'sWorstTrader
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ron99 View Post
With as far OTM as we sell I don't think that you should avoid ES just because of what technicals say.

For example, in late Oct the RSI was over 70. ES was at a high of 1750. ES had just went up 100+ the previous 21 days. If you avoided it you would have misses the next almost 100 up for ES in Nov & Dec.

On March 7th ES had just gone up almost 150 in 5 weeks. I'm sure the technicals were high. But if you sold that day you would have been fine because it traded in a narrow 37 point range the rest of the month.

Being fairly new at selling well out of the money puts, I am probably overly cautious.

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Old April 1st, 2014, 04:20 PM   #3150 (permalink)
World'sWorstTrader
Knoxville Tennessee USA
 
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First Quarter



datahogg View Post
Being fairly new at selling well out of the money puts, I am probably overly cautious.

But thanks in a large degree to the information from this thread (Especially RON99) , I noticed that my account
for the first quarter of 2014 is up approximately 12 % .

Thanks.

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