Selling Options on Futures? (Page 353) - Options on Futures | futures.io
futures.io futures trading
 

Go Back   futures.io

> Futures Trading, News, Charts and Platforms > Traders Hideout > Options on Futures


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

Welcome to futures.io.

Welcome, Guest!

This forum was established to help traders (especially futures traders) by openly sharing indicators, strategies, methods, trading journals and discussing the psychology of trading.

We are fundamentally different than most other trading forums:
  • We work extremely hard to keep things positive on our forums.
  • We do not tolerate rude behavior, trolling, or vendor advertising in posts.
  • We firmly believe in openness and encourage sharing. The holy grail is within you, it is not something tangible you can download.
  • 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, and we will never resell your private information.

-- Big Mike
     

Reply
 642  
 
Thread Tools Search this Thread

Selling Options on Futures?

Old August 20th, 2014, 07:42 PM   #3521 (permalink)
Trading for Fun
Brisbane, Queensland, Australia
 
Futures Experience: Intermediate
Platform: OX, Z360, Excel
Broker/Data: DeCarley
Favorite Futures: Futures and Future Options
 
Posts: 121 since Aug 2013
Thanks: 75 given, 96 received

New and Old Crop Reference Material

Hi All,

Been doing some web research for information and reference material on old and new crop information to improve my knowledge. Wondering if anyone has any links to good material they might like to share...

Thanks in Advance...BlueRoo

Reply With Quote
     

Old August 20th, 2014, 07:56 PM   #3522 (permalink)
Market Wizard
OH
 
Futures Experience: Advanced
Platform: QST
Broker/Data: QST, DeCarley Trading, Gain
Favorite Futures: Options on Futures
 
Posts: 2,323 since Jul 2011
Thanks: 634 given, 3,902 received
Forum Reputation: Legendary


BlueRoo View Post
Hi All,

Been doing some web research for information and reference material on old and new crop information to improve my knowledge. Wondering if anyone has any links to good material they might like to share...

Thanks in Advance...BlueRoo

The Hightower reports available at OX give good information.

Reply With Quote
     
The following user says Thank You to ron99 for this post:
     

Old August 21st, 2014, 02:10 AM   #3523 (permalink)
Trading for Fun
Brisbane, Queensland, Australia
 
Futures Experience: Intermediate
Platform: OX, Z360, Excel
Broker/Data: DeCarley
Favorite Futures: Futures and Future Options
 
Posts: 121 since Aug 2013
Thanks: 75 given, 96 received

Looking for more definitive summary



ron99 View Post
The Hightower reports available at OX give good information.

Thanks Ron, I do get these thru Carley. What I have been trying to do is build, say a 300 word summary of a commodity. For example, when, where is planting, harvest, major suppliers, general production, consumption numbers, influencing factors etc, I have started one for grains and adding to it as I find stuff out....also for meat...trying to self educate myself...


Last edited by BlueRoo; August 21st, 2014 at 02:11 AM. Reason: Spelling
Reply With Quote
     

Old August 21st, 2014, 12:23 PM   #3524 (permalink)
Trading for Fun
St Paul, MN, USA
 
Futures Experience: Advanced
Platform: Abacus
Broker/Data: RJO, Interactive Brokers
Favorite Futures: Commodity Futures & Options
 
Posts: 189 since Jan 2014
Thanks: 108 given, 171 received

^^

This one is pretty good for learning about the big picture stories affecting hogs and cattle (I only use it for hogs).

Home

It's free and can be delivered daily via a pdf to your email address. I can't remember if you sign up on their site or the CME's site (a sponsor of the report).

Agrimoney.com also has some good material. A lot of it is re-writes of the topic of the day, but they do a decent job with the softs and they conduct a lot of interviews with people from big banks and brokerages. It's interesting to know what they're thinking, or at least what they're telling their clients.

Reply With Quote
     
The following 3 users say Thank You to CafeGrande for this post:
     

Old August 21st, 2014, 07:15 PM   #3525 (permalink)
Elite Member
Charlotte NC
 
Futures Experience: Advanced
Platform: Charts:Ninja Trader w/IB, execution:TOS
Broker/Data: TOS
Favorite Futures: CL, ES, ZN, ZB, RUT.
 
Posts: 226 since Jul 2009
Thanks: 98 given, 117 received

Seasonality charts

Futures Edge on FIO

Are you a NinjaTrader user?

 
Can someone check if this chart is more or less ok?
thinkorswim Sharing

If it works this could be a free source for seasonal charts.

Here is the code that was given to me. I know nothing about TOS codes, just copied and pasted to add more years.

plot LastYear = close[252];
plot TwoYearsAgo = close [2 * 252];
plot ThreeYearsAgo = close [3 * 252];
plot FourYearsAgo = close [4 *252];
plot FiveYearsAgo = close [5 * 252];
plot CombinedAvg = (LastYear + TwoYearsAgo +ThreeYearsAgo + fourYearsAgo + fiveYearsAgo) / 5;
CombinedAvg.SetDefaultColor(color.LIME);

def today = GetLastDay() == GetDay();

AddChartBubble(today, LastYear, "LY", Color.white);
AddChartBubble(today, TwoYearsAgo, "2Ya", Color.white);
AddChartBubble(today, ThreeYearsAgo, "3Ya", Color.white);
AddChartBubble(today, FourYearsAgo, "4Ya", Color.white);
AddChartBubble(today, FiveYearsAgo, "5Ya", Color.white);

Reply With Quote
     

Old August 21st, 2014, 09:59 PM   #3526 (permalink)
Elite Member
Richland WA/USA
 
Futures Experience: Intermediate
Platform: tws, tos
Favorite Futures: RUT, GC, CL
 
Posts: 38 since Mar 2013
Thanks: 10 given, 18 received


meyer99 View Post
Can someone check if this chart is more or less ok?
thinkorswim Sharing

If it works this could be a free source for seasonal charts.

Here is the code that was given to me. I know nothing about TOS codes, just copied and pasted to add more years.

You can also select seasonality type chart in TOS. I remember checking it for lean hogs, looked ok. The only thing is that there are gaps as the front month being switched.
Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Reply With Quote
     
The following user says Thank You to effective for this post:
     

Old August 21st, 2014, 11:58 PM   #3527 (permalink)
Trading for Fun
Brisbane, Queensland, Australia
 
Futures Experience: Intermediate
Platform: OX, Z360, Excel
Broker/Data: DeCarley
Favorite Futures: Futures and Future Options
 
Posts: 121 since Aug 2013
Thanks: 75 given, 96 received

Yearly Seasonality for CLV


meyer99 View Post
Can someone check if this chart is more or less ok?

Meyer,

Here is the chart I produce from future prices data and using vba code. The chart is normalised meaning that the each line is a comparative proportional percentage. This allows swing comparison in terms of percentage move.

Your chart looks pretty okay to me.

BlueRoo

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


Last edited by BlueRoo; August 22nd, 2014 at 12:20 AM.
Reply With Quote
     
The following 2 users say Thank You to BlueRoo for this post:
     

Old August 22nd, 2014, 12:31 AM   #3528 (permalink)
Elite Member
tennessee/USA
 
Futures Experience: Intermediate
Platform: Quotetracker, TOS
Broker/Data: OX TOS
Favorite Futures: ES
 
Posts: 83 since Aug 2014
Thanks: 267 given, 8 received


ron99 View Post
Made first trades of the year.

Sold 195 SBh3 16.00 puts for 0.02. Margin 113 cash excess 226. 44 DTE. 5.51 fees. ROI 3.3% per month.

Sold 1 RBg3 2.30 put for 0.0013. It was bid there 1 time. Settled at 0.0008. Futures are way higher today. Margin 751 (OX 20% higher than SPAN) cash excess 1502. 27 DTE. 5.21 fees. ROI 2.4% per month.

Trade in IRA. Sold 1 HOg3 2.35 put for 0.0003. It was bid there 1 time. Settled at 0.0001. Futures are higher today. Margin 108 (OX 20% higher than SPAN) cash excess 216. 27 DTE. 5.21 fees. ROI 2.5% per month.

Trade in IRAs. Sold 65 CLh3 65 put for 0.03. It was bid there 204 times. I would have done more but someone stole the rest. I wish OX had group trades on options. Settled at 0.03. Futures are higher today. Margin 199 (OX 20% higher than SPAN) cash excess 398. 447 DTE. 5.21 fees. ROI 2.8% per month.

Sold 2 HGh3 3.00 put for 0.0025. It was bid there 2 times. Settled at 0.0010. Futures are higher today. Margin 356 cash excess 1068. 55 DTE. 5.21 fees. ROI 2.9% per month.

I may have mentioned this earlier, but my ROI% is assuming the margin stays the same to expiration. Which of course normally it doesn't. I then take take the margin and cash excess money that is no longer needed for that contract and add new contracts. I also reduce the 2X extra when the contract is close to expiration, down to 1X if <10 and maybe down to 0 if the contract is really far out of the money (this is where having your trades in spreadsheets and on a database can help keep track of these different levels of excess for certain contracts). So the actual ROI% is higher.

Thanks Ron and everyone for such a great thread, I am very lucky to find here.
Ron, I have a quick question, I remembered you said you sell option in IRA with OX, but I called their customer service, they said I can't sell option in an IRA acct, am I missing something here?
I am with IB now, and am thinking to open an IRA acct with OX after reading this thread so far.
Thanks!

ddu

Reply With Quote
     

Old August 22nd, 2014, 09:36 AM   #3529 (permalink)
Market Wizard
OH
 
Futures Experience: Advanced
Platform: QST
Broker/Data: QST, DeCarley Trading, Gain
Favorite Futures: Options on Futures
 
Posts: 2,323 since Jul 2011
Thanks: 634 given, 3,902 received
Forum Reputation: Legendary


daydayup8 View Post
Thanks Ron and everyone for such a great thread, I am very lucky to find here.
Ron, I have a quick question, I remembered you said you sell option in IRA with OX, but I called their customer service, they said I can't sell option in an IRA acct, am I missing something here?
I am with IB now, and am thinking to open an IRA acct with OX after reading this thread so far.
Thanks!

ddu

Somewhere in this thread we discussed that after Schwab bought OX they decided to not allow any new IRA accounts to trade futures. That was the start of the downfall of OX. I no longer trade there. I moved my IRA accounts to DeCarley Trading.

FYI do not use Millennium Trust as the custodian of your IRAs. Their customer service is horrible.

Reply With Quote
     
The following user says Thank You to ron99 for this post:
     

Old August 22nd, 2014, 10:18 AM   #3530 (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

Trading Futures Options in an IRA


ddu-

I have 2 IRAs that I trade futures options in. To do that, as Ron said, you have to open up a self-directed IRA with a company that allows the trading of futures options. This company also must be set up with the broker of your choice because your IRA trustee is the one that opens the account for you.

The IRA Trustee / Broker options are few and I don't think you can do that with OX any more, although that might have changed in the past few months.

I have had excellent customer service from AdvantaIRA out of their Fort Myers office. You should contact them and tell them what you are wanting to do and ask what brokers they work with. My trading accounts are through DeCarley Trading as the IB and we are with Open E Cry and Crossland. Crossland was just bought out by Wedbush Securities, so my statement now says Wedbush Securities.

Carley Garner at DeCarley does an OUTSTANDING JOB. For those of us who sell DOTM options, these brokerages do a fairly good job, but they aren't able to calculate real time margins very well. As such, they err on the side of conservatism and if you have a lot of positions on you may have a little bit of hassle adding positions. Carley will smooth all that out for you.

I have no connection with any of these people or companies other than being a happy customer.

mu2pilot

Reply With Quote
     
The following 2 users say Thank You to mu2pilot for this post:
     

Reply



futures.io > Futures Trading, News, Charts and Platforms > Traders Hideout > Options on Futures > Selling Options on Futures?

Thread Tools Search this Thread
Search this Thread:

Advanced Search



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

NinjaTrader 8: Features and Enhancements, Tips and Tricks

Dec 6
 

Al Brooks: Stop Losing when a Good Trade goes Bad, Correcting Mistakes

Elite only
 

Trading Technologies: Algo Design Lab hands-on

Dec 13
     

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 12:00 PM
Recommend futures, options Broker? sam1197 Brokers and Data Feeds 17 March 27th, 2013 01:42 AM
Trading Futures with options as protection Gooffy2010 Commodities Futures Trading 6 October 2nd, 2012 05:55 PM
Selling Njniatrader sam1197 NinjaTrader 22 June 28th, 2012 01:40 PM
Zen-Fire Futures options tici88 Brokers and Data Feeds 1 July 30th, 2011 10:16 AM


All times are GMT -4. The time now is 03:44 PM.

Copyright © 2016 by 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 2016-12-03 in 0.14 seconds with 20 queries on phoenix via your IP 54.163.147.69