Selling Options on Futures? - Options on Futures | futures io social day trading
futures io futures trading


Selling Options on Futures?
Updated: Views / Replies:671,487 / 6,238
Created: by ron99 Attachments:729

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • 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.

-- Big Mike, Site Administrator

Reply
 729  
 
Thread Tools Search this Thread
 

Selling Options on Futures?

  #4411 (permalink)
Elite Member
Manchester, NH
 
Futures Experience: Beginner
Platform: thinkorswim
Broker/Data: TD Ameritrade
Favorite Futures: Stocks
 
Posts: 897 since Jul 2012
Thanks: 601 given, 1,776 received


Big Mike View Post
Maybe @artemiso can help with that.

Mike

Unfortunately I'm, willing, but unable to provide this.

Pooling is a good start but just bear in mind not to violate your license agreements.

Reply With Quote
 
  #4412 (permalink)
Elite Member
Zurich, Switzerland
 
Futures Experience: Intermediate
Platform: R, C#
Favorite Futures: Futures
 
Posts: 53 since Dec 2013
Thanks: 73 given, 71 received


mu2pilot View Post
Add my name to the list for pre-2013 span files. I called the CME just a couple days ago and inquired as to their availability and was told that they are looking to sell those files through their historical data department. I expect the cost to be fairly high.

I got the same answer back in May when I asked for those files, see post 495313. I will follow-up on Monday and I'm also interested in pooling if it is okay with the licence.


Last edited by volemont; June 27th, 2015 at 01:37 AM. Reason: typo
Reply With Quote
 
  #4413 (permalink)
Market Wizard
Cleveland, OH
 
Futures Experience: Advanced
Platform: QST
Broker/Data: QST, DeCarley Trading, Gain
Favorite Futures: Options on Futures
 
Posts: 2,651 since Jul 2011
Thanks: 770 given, 4,580 received
Forum Reputation: Legendary


I worked on ES spreads and the 9/19/14 to 10/15/14 drop. I'm using IMx3.

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


In this situation they are worse than naked puts. They go on margin call quicker (Buying Power negative) and they have larger drawdowns.

Reply With Quote
The following 4 users say Thank You to ron99 for this post:
 
  #4414 (permalink)
Elite Member
vancouver BC/Canada
 
Futures Experience: Beginner
Platform: Zaner360, OX
Broker/Data: DeCaley
Favorite Futures: options
 
Posts: 234 since Jan 2015
Thanks: 13 given, 186 received

It looks like Greece is going to cause a lot of pain next week. I'm expecting another down week for ES so my hopes of having my current position reach its exit sooner rather than later may be a bit premature.


/rsm005/


Last edited by rsm005; June 28th, 2015 at 05:05 PM.
Reply With Quote
 
  #4415 (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

Ron, will you add your position at down day like today or will you wait longer?

ron99 View Post
I have on about 20% of what I can have on for Sep. I'm waiting till after Greece thing is settled to add the rest. But I'm not in a hurry to make as much money as possible.


Reply With Quote
 
  #4416 (permalink)
Market Wizard
Cleveland, OH
 
Futures Experience: Advanced
Platform: QST
Broker/Data: QST, DeCarley Trading, Gain
Favorite Futures: Options on Futures
 
Posts: 2,651 since Jul 2011
Thanks: 770 given, 4,580 received
Forum Reputation: Legendary


daydayup8 View Post
Ron, will you add your position at down day like today or will you wait longer?

This is the thousands of dollars question. Timing entering positions.

Frankly, I don't know. Greece vote is July 5th. We have employment numbers on July 2nd. A few other reports this week, manufacturing, construction, car sales, factory orders.

Will another good employment report be bearish news for ES because rate hike more certain?

I'm leaning to stay with my 20% of possible positions on through next week but I am in more of a conservative trading mode now. If I wasn't then I might be adding but not fill my account 100%. Maybe 50-75%?

Reply With Quote
The following user says Thank You to ron99 for this post:
 
  #4417 (permalink)
Elite Member
vancouver BC/Canada
 
Futures Experience: Beginner
Platform: Zaner360, OX
Broker/Data: DeCaley
Favorite Futures: options
 
Posts: 234 since Jan 2015
Thanks: 13 given, 186 received

I'm in pretty deep on my last set of puts but I have almost a month of decay built into my position. I'm not sure what's going to happen but will take profits, even smaller ones, as they happen rather than wait for a 50% decay. I frankly don't care much about Greece, I think it's a red herring, my bigger worry is China entering "bear territory".

/rsm005/

Reply With Quote
 
  #4418 (permalink)
Market Wizard
Cleveland, OH
 
Futures Experience: Advanced
Platform: QST
Broker/Data: QST, DeCarley Trading, Gain
Favorite Futures: Options on Futures
 
Posts: 2,651 since Jul 2011
Thanks: 770 given, 4,580 received
Forum Reputation: Legendary

After my prior post, ES starting dropping more, so I decided to not add any more.

I'm probably not adding any this week so I have room to add next week when there probably will be a bottom. But I am not good on timing. I doubt if any knows right now when the bottom will happen.

Reply With Quote
The following 2 users say Thank You to ron99 for this post:
 
  #4419 (permalink)
Trading for Fun
St Paul, MN, USA
 
Futures Experience: Advanced
Platform: Abacus
Broker/Data: RJO, Interactive Brokers
Favorite Futures: Commodity Futures & Options
 
Posts: 195 since Jan 2014
Thanks: 116 given, 191 received

ES historical margins

Ron and others: I came across this file recently

http://www.cmegroup.com/clearing/risk-management/files/SP_2008_to_present.pdf

and if you don't have luck getting the precise historical SPAN data, it might be useful in reconstructing trade performance prior to 2013. With some caveats:

1. The data is for SPX, so divide by 5
2. Add something to account for the historical spread between IM and maint margin
3. If you have have enough history to know what an x delta, with x DTE short put requires in margin as a percent of the underlying ES contract, I think you could come up with some ratios that would work for various delta and DTE combinations.
4. You have option and underlying prices.

The net result would be an approximation, of course, but if the methodology was consistent for the entire time period, I *think* you could get enough information to know if strategy XYZ was a winner or way too risky.

Reply With Quote
The following user says Thank You to CafeGrande for this post:
 
  #4420 (permalink)
Elite Member
Dallas, Texas
 
Futures Experience: Beginner
Platform: TOS
Favorite Futures: IWM Options
 
Posts: 192 since Oct 2012
Thanks: 431 given, 96 received


June /ES option trades below. I trade small lots especially on a highly leveraged instrument. Less than .20 delta on the options sold. Selling into weakness, closing the position if the option value decreases in short period of time or >50% decay in premium.
I sold more than usual Monday just because IMO this greece situation is nothing new, has been going on for almost 5 years.

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

Reply With Quote
The following user says Thank You to blb014 for this post:

Reply



futures io > > > > Selling Options on Futures?

Thread Tools Search this Thread
Search this Thread:

Advanced Search



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

July Journal Challenge w/$1100 in prizes from TopstepTrader

July
 

An Afternoon with FIO member Softsoap

Elite only

Battlestations: Show us your trading desks and win $750 in prizes

August
 

Extended Ask Me Anything w/Brett Steenbarger

Elite only

Prototyping Python Strategies (part 3) w/Ran Aroussi

Elite only

Brannigan Barrett w/Axia Futures

Elite only

Introduction to Phillip Capital futures brokerage services

Aug TBD

How Monte Carlo Analysis Can Help Your Trading w/Kevin Davey

Elite only
     

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 11:00 AM
Recommend futures, options Broker? sam1197 Reviews of Brokers and Data Feeds 17 March 27th, 2013 12:42 AM
Trading Futures with options as protection Gooffy2010 Commodities Futures Trading 6 October 2nd, 2012 04:55 PM
Selling Njniatrader sam1197 NinjaTrader 22 June 28th, 2012 12:40 PM
Zen-Fire Futures options tici88 Reviews of Brokers and Data Feeds 1 July 30th, 2011 09:16 AM


All times are GMT -4. The time now is 05:04 AM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@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 2017-07-25 in 0.07 seconds with 19 queries on phoenix via your IP 54.158.7.152