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Selling Options on Futures?
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Selling Options on Futures?

  #3241 (permalink)
Trading for Fun
Huntsville AL/USA
 
Futures Experience: Intermediate
Platform: optionsXpress
Favorite Futures: Options on Futures
 
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mixpol View Post
just thinking about Gyazo - b64fe44705060a6eed18b53a00eb9aa5.png aug cl spread ) who wanna discus ?
my thoughts about jul exp within 92/105

I would go further out of the money to reduce risk. With 72 days to expiration you could very likely be forced to exit one side of your strangle. I would consider legging in to a 75/125. Sell the 75 Puts on a down day and sell the 125 Calls on an up day. Just my opinion. r


Last edited by Raven; May 7th, 2014 at 10:04 AM. Reason: corrected bad grammar
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  #3242 (permalink)
Trading for Fun
Brisbane, Queensland, Australia
 
Futures Experience: Intermediate
Platform: OX, Z360, Excel
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Interesting Spread


mixpol View Post
just thinking about Gyazo - b64fe44705060a6eed18b53a00eb9aa5.png aug cl spread ) who wanna discus ?
my thoughts about jul exp within 92/105

This is an interesting spread and possibly takes advantage of CL volatility rising. You obviously see CLQ trading closer to either 105 or 92 in the near term. Either will give you profit. With a tight range you limit your loss to the debit of $150 and look for a profit of $3000. The great risk is if CLQ has a larger move below 90 or above 106 within a shorter time frame. With CL vol so low I have been starting to look again at NG. But your proposed trade is interesting. The 105 and 92 targets are within the current larger trading range. Thanks for this and I will run it through my option analysis.
Cheers, BlueRoo

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  #3243 (permalink)
World'sWorstTrader
Knoxville Tennessee USA
 
Futures Experience: Intermediate
Platform: TOS
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mixpol View Post
just thinking about Gyazo - b64fe44705060a6eed18b53a00eb9aa5.png aug cl spread ) who wanna discus ?
my thoughts about jul exp within 92/105

Look at the greeks. VEGA is a monster. It can work for or against you. Look at the ratio of GAMMA/Delta.
It is very large. Not good.

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  #3244 (permalink)
Trading Apprentice
Kazan russia
 
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Platform: QST
Broker/Data: Vision
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datahogg View Post
Look at the greeks. VEGA is a monster. It can work for or against you. Look at the ratio of GAMMA/Delta.
It is very large. Not good.

do u think that vega , gamma , PL is more comfortable in short strangle?

let's see, in suggested here upper 75/125 strangle cl aug profit=80$ per 1 lot minus 12$fee. such amount in profit i can reach in next monday)) ( relying on my analize options)

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  #3245 (permalink)
Trading Apprentice
Kazan russia
 
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BlueRoo View Post
This is an interesting spread and possibly takes advantage of CL volatility rising. You obviously see CLQ trading closer to either 105 or 92 in the near term. Either will give you profit. With a tight range you limit your loss to the debit of $150 and look for a profit of $3000. The great risk is if CLQ has a larger move below 90 or above 106 within a shorter time frame. With CL vol so low I have been starting to look again at NG. But your proposed trade is interesting. The 105 and 92 targets are within the current larger trading range. Thanks for this and I will run it through my option analysis.
Cheers, BlueRoo

NG is a very tight market ( many manipulators) based in USA instead of CL based in hole world ) . look at recent days when CME rised margin in NG just as they wanted. many traders had margin calls even being in a good position. i know some of them.

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  #3246 (permalink)
Trading for Fun
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Value of XLS SPAN

Well, here I am thinking low vol in CL is not doing me any favours and it might be time to look again at NG. So I have been looking at the XLS SPAN work done by the team and took my thoughts for run through the progam. Here are the results.

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Amazing!

Thank you some much Dudetooth for your great work and all the others who contributed to this fantastic piece of work. I am sure I have just started on another learning curve thanks to your great efforts.

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  #3247 (permalink)
Trading Apprentice
Kazan russia
 
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mixpol View Post
just thinking about Gyazo - b64fe44705060a6eed18b53a00eb9aa5.png aug cl spread ) who wanna discus ?
my thoughts about jul exp within 92/105


so this is first week Gyazo - 976221b40c72f32345cfae0782b9df04.png

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  #3248 (permalink)
World'sWorstTrader
Knoxville Tennessee USA
 
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mixpol View Post

This looks good for one week. And you can thank VEGA. IV has declined from 18.75 to 17.46 over the one week
period.

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  #3249 (permalink)
Trading Apprentice
Kazan russia
 
Futures Experience: Intermediate
Platform: QST
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Favorite Futures: CL
 
Posts: 31 since Dec 2013
Thanks: 2 given, 5 received


datahogg View Post
This looks good for one week. And you can thank VEGA. IV has declined from 18.75 to 17.46 over the one week
period.

yes, but i dont prognose surge in volatility too much (based on my exp)

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  #3250 (permalink)
World'sWorstTrader
Knoxville Tennessee USA
 
Futures Experience: Intermediate
Platform: TOS
Favorite Futures: ES, NQ, CL, /6E futures options.
 
Posts: 261 since Oct 2012
Thanks: 126 given, 75 received

Index Products


For index products today was not a good day to sell premium with the VXST at 10.98 .
The last time it was this low was Feb 14, 2014.

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