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


Selling Options on Futures?
Updated: Views / Replies:681,060 / 6,280
Created: by ron99 Attachments:732

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
 732  
 
Thread Tools Search this Thread
 

Selling Options on Futures?

  #4501 (permalink)
Elite Member
Dallas, Texas
 
Futures Experience: Intermediate
Platform: TOS
Favorite Futures: AAPL, /ES, IWM, SPY Options
 
Posts: 200 since Oct 2012
Thanks: 439 given, 98 received


ron99 View Post
Only if the person is using accurate estimations. He isn't.

The biggest one day drop in 2012 was 2.5%.

Interesting that you are wanting to talk about risk when you are selling 1900 puts. That is far more risk than I would ever take on.

Bought to close 10 Aug 1900 puts today (and numerous other positions) for 10.5% return on margin and 15 days held. I will post my account statement at the end of the month

Volatility is good for the market and trading.

Preservation of capital is the most important concept for those who want to stay in the trading game for the long haul. - Van Tharp
Reply With Quote
 
  #4502 (permalink)
Elite Member
Singapore
 
Futures Experience: Intermediate
Platform: TOS
Favorite Futures: ES
 
Posts: 13 since May 2015
Thanks: 25 given, 13 received

Just an update on my trades.

Took off the ES 1570 Sept '15 Puts for 1.05 (~50% of max profit). I have available funds ready to redeploy and am waiting for either:

i) downtick, or
ii) The Oct'15 coming to around 90 DTE (which is around 5 days away).

Realised profit so far is +327.60 (net of commissions) since I started in June 15.

Reply With Quote
The following user says Thank You to virileblood for this post:
 
  #4503 (permalink)
Market Wizard
Cleveland, OH
 
Futures Experience: Advanced
Platform: QST
Broker/Data: QST, DeCarley Trading, Gain
Favorite Futures: Options on Futures
 
Posts: 2,676 since Jul 2011
Thanks: 777 given, 4,649 received
Forum Reputation: Legendary



virileblood View Post
Just an update on my trades.

Took off the ES 1570 Sept '15 Puts for 1.05 (~50% of max profit). I have available funds ready to redeploy and am waiting for either:

i) downtick, or
ii) The Oct'15 coming to around 90 DTE (which is around 5 days away).

Realised profit so far is +327.60 (net of commissions) since I started in June 15.

Good job.

I wouldn't wait. In the past I have waited and waited for a downtick that never came. Or when it did come the price of the option was still less than it was the day I exited the prior positions.

Reply With Quote
The following 4 users say Thank You to ron99 for this post:
 
  #4504 (permalink)
Elite Member
vancouver BC/Canada
 
Futures Experience: Beginner
Platform: Zaner360, OX
Broker/Data: DeCaley
Favorite Futures: options
 
Posts: 238 since Jan 2015
Thanks: 13 given, 186 received


virileblood View Post
Just an update on my trades.

Took off the ES 1570 Sept '15 Puts for 1.05 (~50% of max profit). I have available funds ready to redeploy and am waiting for either:

i) downtick, or
ii) The Oct'15 coming to around 90 DTE (which is around 5 days away).

Realised profit so far is +327.60 (net of commissions) since I started in June 15.

I'm in the same boat. I'm just waiting until the Greece deadline passes tomorrow and then make a trade. Based on previous advice on this thread I look to make trades on Thursdays or Fridays of the week.

/rsm005/

Reply With Quote
 
  #4505 (permalink)
Elite Member
Singapore
 
Futures Experience: Intermediate
Platform: TOS
Favorite Futures: ES
 
Posts: 13 since May 2015
Thanks: 25 given, 13 received

Thanks Ron and all for the tip.

Just got filled on a Oct'15 1575 Put for 2.05 credit. Used about half my excess margin to put on the trade.

Will be waiting for a couple days to put on the remaining half my excess margin.

Here's what I have on currently:

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


good trading all

Reply With Quote
The following 3 users say Thank You to virileblood for this post:
 
  #4506 (permalink)
Market Wizard
Cleveland, OH
 
Futures Experience: Advanced
Platform: QST
Broker/Data: QST, DeCarley Trading, Gain
Favorite Futures: Options on Futures
 
Posts: 2,676 since Jul 2011
Thanks: 777 given, 4,649 received
Forum Reputation: Legendary

Here is how my Sep IMx3 contracts performed

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


My IMx4 contracts made 2.7%.

I added some ESv15p1650 today. I also added some 1700-1500 spreads.


Last edited by ron99; July 14th, 2015 at 03:07 PM.
Reply With Quote
The following 4 users say Thank You to ron99 for this post:
 
  #4507 (permalink)
Elite Member
Dallas, Texas
 
Futures Experience: Intermediate
Platform: TOS
Favorite Futures: AAPL, /ES, IWM, SPY Options
 
Posts: 200 since Oct 2012
Thanks: 439 given, 98 received

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


Fortunate on timing on this trade. Like Ron, I'm not a believer in timing the market but I do like to sell puts when IV is rising.

I will be looking to sell 10 1900 Sept puts leveraging 950,000. Possibly more puts if there is Vol. pop but would like to keep my risk in check by selling an appropriate quantity to my account size.

Volatility is good for the market and trading.

Preservation of capital is the most important concept for those who want to stay in the trading game for the long haul. - Van Tharp
Reply With Quote
The following user says Thank You to blb014 for this post:
 
  #4508 (permalink)
Elite Member
Singapore
 
Futures Experience: Intermediate
Platform: TOS
Favorite Futures: ES
 
Posts: 13 since May 2015
Thanks: 25 given, 13 received

Sold some Oct'15 1600 Puts last night for 2.50. Will be waiting to take off some 1630 Sept 15 and 1650 Sept 15 Puts if things go our way this couple of days. If things don't go our way these couple of days, I'll just be waiting somemore.

Current positions:

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


Good trading.

Reply With Quote
 
  #4509 (permalink)
Trading Apprentice
Phoenix, AZ/USA
 
Futures Experience: Advanced
Platform: TOS
Favorite Futures: ES
 
Posts: 8 since Oct 2013
Thanks: 2 given, 10 received

Virileblood, I think you are being impatient. This strategy is boring. This strategy is all about time decay of options. Time decay is boring, but consistently profitable. Sell your options, then put in a buy to cover order for 50% of what you sold them for. In about 3 weeks, you should get some "action". Repeat. Keep doing this and you will blow past the performance of every Wall Street "expert".

Do some soul searching and decide if you would rather have "action" or real compounded growth.

Thank you Ron.

Reply With Quote
The following 4 users say Thank You to cnncurt for this post:
 
  #4510 (permalink)
Elite Member
Singapore
 
Futures Experience: Intermediate
Platform: TOS
Favorite Futures: ES
 
Posts: 13 since May 2015
Thanks: 25 given, 13 received



cnncurt View Post
Virileblood, I think you are being impatient. This strategy is boring. This strategy is all about time decay of options. Time decay is boring, but consistently profitable. Sell your options, then put in a buy to cover order for 50% of what you sold them for. In about 3 weeks, you should get some "action". Repeat. Keep doing this and you will blow past the performance of every Wall Street "expert".

Do some soul searching and decide if you would rather have "action" or real compounded growth.

Thank you Ron.

Thanks cnncurt. I am patiently waiting for decay to come in. Not sure where you get the drift that I am being impatient.

Happy trading to you.

Reply With Quote

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)

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

August
 

Ask Me Anything (AMA) w/Rod Casilli @ Collective2

Aug 23
 

Prototyping Python Strategies (part 3, Live Trading) w/Ran Aroussi [1PM ET]

Elite only
 

Develop Strategies and Perfect Execution w/Brannigan Barrett @ 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 12:35 PM.

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 2017-08-18 in 0.07 seconds with 19 queries on phoenix via your IP 54.166.168.243