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Selling Options on Futures?
Started:July 19th, 2011 (06:16 PM) by ron99 Views / Replies:570,161 / 5,734
Last Reply:December 9th, 2016 (01:01 AM) Attachments:642

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Selling Options on Futures?

Old June 9th, 2015, 12:54 AM   #4301 (permalink)
Trading for Fun
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This is a interesting spreadsheet to use if you know with some certainty what your win % is. It will help determine the random probability of X losses in a row given a number of trials. It doesn't calculate an event like losing 3 in a row, then win once and continue losing 3 in row again

*This spreadsheet was not created by me. It was created in another forum and is included as it was downloaded without modification as I am not the author. If this is against forum rules please remove

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Register to download File Type: xls Probability of X consecutive losing trades.xls (38.0 KB, 33 views)
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Old June 10th, 2015, 12:49 PM   #4302 (permalink)
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Ron,

Do you usually close some positions on days like today? I will usually exit some front month index postions on day like today.

Im also paper trading /ES Aug 1905 put

Thanks,
Brad

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Old June 10th, 2015, 12:59 PM   #4303 (permalink)
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blb014 View Post
Ron,

Do you usually close some positions on days like today? I will usually exit some front month index postions on day like today.

Im also paper trading /ES Aug 1905 put

Thanks,
Brad

When trading Ron's concept, I place an order to buy back the puts at 50 %, and I wait until the order is filled. I do not liquidate the position early. Only exception: I go on vacation, and want to stop trading for a while. (And, of course, the stop loss.)

But it may happen as today, that 5 of my 11 orders to liquidate were filled on the same day.

Best regards, Myrrdin

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Old June 10th, 2015, 01:16 PM   #4304 (permalink)
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TD Ameritrade

I just found out that TD Ameritrade charges $2.25 for selling ES option and charge another $0.56 for other fees, total $2.81, SPAN margin is used. I am using OX now, charged $4.07 total, maybe switch to TD Ameritrade (TOS)?

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Old June 10th, 2015, 01:18 PM   #4305 (permalink)
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Futures Edge on FIO
Interactive Brokers is charging $1.41 selling ES option


daydayup8 View Post
I just found out that TD Ameritrade charges $2.25 for selling ES option and charge another $0.56 for other fees, total $2.81, SPAN margin is used. I am using OX now, charged $4.07 total, maybe switch to TD Ameritrade (TOS)?


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Old June 10th, 2015, 01:21 PM   #4306 (permalink)
Market Wizard
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decs0057 View Post
Interactive Brokers is charging $1.41 selling ES option

But they charge triple the margin. Save a little on costs and make a lot less in net profit because of less contracts traded per year.


Last edited by ron99; June 10th, 2015 at 01:28 PM.
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Old June 10th, 2015, 01:25 PM   #4307 (permalink)
Market Wizard
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daydayup8 View Post
I just found out that TD Ameritrade charges $2.25 for selling ES option and charge another $0.56 for other fees, total $2.81, SPAN margin is used. I am using OX now, charged $4.07 total, maybe switch to TD Ameritrade (TOS)?

Multiply contracts you intend to trade a year times difference in price. Then decide if that amount of money is worth the hassle of switching and any other differences between the brokers.

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Old June 10th, 2015, 01:28 PM   #4308 (permalink)
Market Wizard
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blb014 View Post
Ron,

Do you usually close some positions on days like today? I will usually exit some front month index postions on day like today.

Im also paper trading /ES Aug 1905 put

Thanks,
Brad

I place a GTC order to get out at 50% of initial premium. It trades then. Nothing manual.

I traded out of some contracts at 6:10 this am when I was sleeping.

The hard part is deciding when to reenter positions. I am beginning to think that I should just reenter as soon as I exit prior positions. Sometimes that is correct and sometimes it isn't. They probably balance each other out.

I didn't do that this am and now that it is up more than when I got up and I have maybe missed some premium. So now do I enter when market is up 25.00 or do I wait for pullback? But if there isn't a pullback I missed more money.

That's the thousands of dollars question.

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Old June 10th, 2015, 01:30 PM   #4309 (permalink)
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ron99 View Post
I place a GTC order to get out at 50% of initial premium. It trades then. Nothing manual.

I traded out of some contracts at 6:10 this am when I was sleeping.

The hard part is deciding when to reenter positions. I am beginning to think that I should just reenter as soon as I exit prior positions. Sometimes that is correct and sometimes it isn't. They probably balance each other out.

I didn't do that this am and now that it is up more than when I got up and I have maybe missed some premium. So now do I enter when market is up 25.00 or do I wait for pullback? But if there isn't a pullback I missed more money.

That's the thousands of dollars question.

Hi Ron I'm new here thanks for contributing to this wonderful thread. I am thinking whether it is viable to reload at the option which is cloest to your 60-90 day mark. For example, if profits are taken today I am looking to enter @ Aug expiry with 72 days to go. This way it seems more mechanically driven than emotionally driven.

Thanks once again.

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Old June 10th, 2015, 01:34 PM   #4310 (permalink)
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blb014 View Post
Im also paper trading /ES Aug 1905 put

Thanks,
Brad

Wow those are very risky positions. Why such a high delta position?

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