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Selling Options on Futures?
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Selling Options on Futures?

  #4261 (permalink)
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mdsvtr's Avatar
 
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I just found these reports , tied with the different Products.... ( says these are the most Important reports for the following products )

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  #4262 (permalink)
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mdsvtr View Post
Myrrdin,
I really appreciate your reply

I know that traders look at the USDA reports for the agriculture based commodities

What specific reports do you recommend knowing and keeping an eye on, for when they are reported that can cause the most likely Limit moves ?
Mainly the one or two reports that could cause Limit locks on the grains or the Meats, etc.. ?

I learned this lesson the hard way in trading Forex, back when the Swiss crash hit, and my stops were blown through ..... I had no idea the significance of the report that was coming out and the possible impact that it could cause to CHF pairs ( I was Long the EUR/CHF ) of all pairs lol
That was a tough and expensive lesson learned

Thanks again

I am afraid we are discussing in the wrong thread. I will continue in a new thread in the commodity section. Perhaps a moderator can move the whole discussion there.

Best regards, Myrrdin

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  #4263 (permalink)
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Interesting observation. It seems that odd prices decay at a different, perhaps slower, rate than others. For example, I have a small position in ES at 1680 and it's not decaying as fast as 1650. I'm wondering if this is a function of lower volume or if I'm seeing something that just isn't there.

My position has been out for about 14 days and the price decay hasn't been nearly as aggressive as I thought it would, 20%.

/rsm005/

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  #4264 (permalink)
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rsm005 View Post
Interesting observation. It seems that odd prices decay at a different, perhaps slower, rate than others. For example, I have a small position in ES at 1680 and it's not decaying as fast as 1650. I'm wondering if this is a function of lower volume or if I'm seeing something that just isn't there.

My position has been out for about 14 days and the price decay hasn't been nearly as aggressive as I thought it would, 20%.

/rsm005/

Don't look at last trade, look at mid point between bid and ask. Aug 1680 has declined more than 1650 in last two weeks.

There are other factors but the main one is price decay is dependent on what the futures do. ES futures are down 18 over last two weeks so decay is slower for puts.

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  #4265 (permalink)
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Thanks for the info Ron, I'm looking to put on my first, largish position against ES next week. 75 contracts at 1650 and 25 at 1700 for Sept for a total of 100 puts. Let's see how that goes.

/rsm005/

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  #4266 (permalink)
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rsm005 View Post
Thanks for the info Ron, I'm looking to put on my first, largish position against ES next week. 75 contracts at 1650 and 25 at 1700 for Sept for a total of 100 puts. Let's see how that goes.

/rsm005/

I would consider entering the trade on Friday instead of early next week. Gives you two additional days to reduce time value.

Best regards, Myrrdin

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  #4267 (permalink)
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myrrdin View Post
I would consider entering the trade on Friday instead of early next week. Gives you two additional days to reduce time value.

Best regards, Myrrdin

Yes very good point.

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  #4268 (permalink)
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rsm005 View Post
Thanks for the info Ron, I'm looking to put on my first, largish position against ES next week. 75 contracts at 1650 and 25 at 1700 for Sept for a total of 100 puts. Let's see how that goes.

/rsm005/

With this trade, do you plan to follow the 3x margin rule? That would mean you'd need about $225K in your account to make the trade.

That just seems like a huge trade for a "first" trade, and it even seems big for a "first large" trade...

Just my 2 cents...

If you have any questions please send me a Private Message or use the futures.io "Ask Me Anything" thread
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  #4269 (permalink)
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Kevin,

Good point. $225k is the size of my account but I've been trading with a lot less for the past 6 months or so. You're probably right about the size of the trade though...I just kinda said "f' it, let's jump into the deep end of the pool". Probably not the smartest idea so ... good that I'm getting feedback from the folks here .

/rsm005/

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  #4270 (permalink)
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Ron,

One quick question. Do you guys prefer positions that expire EOM or middle of the month. Does it even matter with this your method?

Thanks,
/rsm005/

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