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Selling Options on Futures?


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Selling Options on Futures?

  #3641 (permalink)
 daydayup8 
tennessee/USA
Elite Member
 
Experience: Intermediate
Platform: Quotetracker, TOS
Broker: OX TOS
Trading: ES
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Thanks Received: 8

jeez, I am getting old, I plan to 'sell', not 'buy'. OK, then, I will just forget about it. Please continue to send alerts if you spot any good opportunities. Thanks.

ron99 View Post
You will not make that buying options. Only selling the option.

I doubt you will find a buyer at 0.01 since it settled today at 0.005.


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  #3642 (permalink)
 mu2pilot 
Dallas, TX
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Experience: Advanced
Platform: T4, Zaner360, TOS
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kronie View Post
this is excellent, and congradulations on your successful trade

to earn that I can almost guarantee more excitement in the Emini pits..

what really concerns me, are the required necessary funds on account (margin) based on the increased SEC Reg-T margin on option trades, particularly naked options too...

what about $35,000?

This is a futures account and not subject to Reg-T. The margin requirement is set by SPAN. As I posted, the margin requirement per option with I opened this trade was $389.40. My rule is to set aside 3X the margin requirement to do a trade, so I set aside $1168.20 for each option to leave a cushion in the event it goes against me.

You can compare SPAN margins in futures accts to Portfolio Margin that some equity firms offer. Much lower requirements than Reg-T.

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  #3643 (permalink)
 
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 kronie 
NYC + NY / USA
 
Experience: Advanced
Platform: "I trade, therefore, I AM!"; Theme Song: "Atomic Dog!"
Trading: EMD, 6J, ZB
Posts: 796 since Oct 2009


ron99 View Post
The SEC does not regulate option on futures trading.

pm me please....

so, really?

come to think of it, its the FTC, not SEC

these derivatives and derivatives of derivatives have so fractured the markets that the concept of synthetics has real chops....

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  #3644 (permalink)
 daydayup8 
tennessee/USA
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Broker: OX TOS
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The delta in OX is not correct, for example, for ESX41600P, ES 1600p with expiration November, the delta is 0.04 at OX now, but it was 0.0237 when I put on this position( I still had IB at that time, got delta from IB), with ES higher, this delta should be even lower. I know a lot of folks here used OX before, then how did you get correct delta? Thanks!

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  #3645 (permalink)
 ron99 
Cleveland, OH
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Experience: Advanced
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Broker: QST, DeCarley Trading, Gain
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daydayup8 View Post
The delta in OX is not correct, for example, for ESX41600P, ES 1600p with expiration November, the delta is 0.04 at OX now, but it was 0.0237 when I put on this position( I still had IB at that time, got delta from IB), with ES higher, this delta should be even lower. I know a lot of folks here used OX before, then how did you get correct delta? Thanks!

I just went to OX. On the option chain it shows a delta of 0.02. On the Trade Calculator it shows a delta of 0.02.

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  #3646 (permalink)
 daydayup8 
tennessee/USA
Elite Member
 
Experience: Intermediate
Platform: Quotetracker, TOS
Broker: OX TOS
Trading: ES
Posts: 83 since Aug 2014
Thanks Given: 267
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look at this, am I getting wrong data? it is from Trade Calculator.
PSoes that mean I should use 0.04/2 as the right delta? I just realized that. That could be the reason.

ron99 View Post
I just went to OX. On the option chain it shows a delta of 0.02. On the Trade Calculator it shows a delta of 0.02.


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  #3647 (permalink)
 ron99 
Cleveland, OH
Elite Member
 
Experience: Advanced
Platform: QST
Broker: QST, DeCarley Trading, Gain
Trading: Options on Futures
Posts: 3,081 since Jul 2011
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daydayup8 View Post
look at this, am I getting wrong data? it is from Trade Calculator.

Change your quantity to one.

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  #3648 (permalink)
 daydayup8 
tennessee/USA
Elite Member
 
Experience: Intermediate
Platform: Quotetracker, TOS
Broker: OX TOS
Trading: ES
Posts: 83 since Aug 2014
Thanks Given: 267
Thanks Received: 8

Just realized that, poor me! I have another position with 4 put, when I used the Trade Calculator to get the changing IM (since ES was down a few days ago), I was stunned to found out my delta was 0.12, something like that. luckily, I did not buy them back since I was guessing OX gave me wrong delta.


ron99 View Post
Change your quantity to one.


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  #3649 (permalink)
 daydayup8 
tennessee/USA
Elite Member
 
Experience: Intermediate
Platform: Quotetracker, TOS
Broker: OX TOS
Trading: ES
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ron99 View Post
You will not make that buying options. Only selling the option.

I doubt you will find a buyer at 0.01 since it settled today at 0.005.

where did you get the settled price? I searched around, did not find it. OX is 0.00. Thanks.

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  #3650 (permalink)
 ron99 
Cleveland, OH
Elite Member
 
Experience: Advanced
Platform: QST
Broker: QST, DeCarley Trading, Gain
Trading: Options on Futures
Posts: 3,081 since Jul 2011
Thanks Given: 980
Thanks Received: 5,785



daydayup8 View Post
where did you get the settled price? I searched around, did not find it. Thanks.

From my data provider, QST. On OX you can get it on the option chains the next day. OX shows 0.005 as 0.00.

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