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


Selling Options on Futures?
Updated: Views / Replies:680,736 / 6,275
Created: by ron99 Attachments:731

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
 731  
 
Thread Tools Search this Thread
 

Selling Options on Futures?

  #5081 (permalink)
Trading Apprentice
Munich Germany
 
Futures Experience: Advanced
Platform: TWS
Favorite Futures: ES
 
Posts: 13 since Sep 2015
Thanks: 50 given, 14 received


jokertrader View Post
This is more to check margins at IB and do a practice for myself on identifying the right trades

Jan 29th expiration:
DTE: 101
Short 1x ES 1745 Put: 5.21 Delta
Long 2xES 1660 Put: 1.47 Delta (next put is 1.74 Delta)

Mid Point Price: 3.60
IM: 183

**********

Jan 15th expiration:
DTE: 87
Short 1x ES 1760 Put: 4.96 Delta
Long 2xES 1685 Put: 1.47 Delta (next put is 1.60 Delta)

Mid Point Price: 3.00
IM: 170

Both spreads are debit spreads. Ron is using credit spreads. I think the mentioned delta numbers are wrong, f.e. for Jan 29th, a delta around 1.5 is a put with a strike less than 1400. A 1760 Put is around delta 11.
A example following Rons strategie would be:
Short 1x ES 1610 Put: 4.9 Delta
Long 2xES 1375 Put: 1.44 Delta

Mid Point Price: -4.00

IM/MM: 1500/1200

Reply With Quote
The following user says Thank You to satghost for this post:
 
  #5082 (permalink)
Elite Member
rutherford NJ
 
Futures Experience: Intermediate
Platform: Sierra Qtrader
Broker/Data: Amp and Optimus and CQG
Favorite Futures: Mainly NG Some GC, ZS,CL
 
Posts: 380 since May 2013
Thanks: 303 given, 137 received

Need help with TWS option chain

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



Changed a bit from yesterday but thanks to @satghost for noticing.

In TOS, the delta's that satghost posted are correct. I checked
Short 1x ES 1610 Put: 4.9 Delta
Long 2xES 1375 Put: 1.44 Delta

In TWS (screenshot attached), i am still seeing things differently - what am i doing wrong?
Right now (its 5 am EST)
Jan 29th, ES 1750 seems to have delta of 5.27 and
ES 1670 seems to have delta of 1.62

is it because market is not open?
would appreciate the help
thnx
J

Reply With Quote
 
  #5083 (permalink)
Elite Member
Philadelphia, PA
 
Futures Experience: Intermediate
Platform: Matlab, TradeStation
Favorite Futures: Stocks
 
GoldenRatio's Avatar
 
Posts: 179 since Aug 2012
Thanks: 4,488 given, 225 received

Way around the WSJ paywall




Here's a great trick I learned a while ago.

If after clicking on the WSJ link, you find the article behind their paywall:

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



Simply Google the Title of the article and click on it's link:

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



Success!

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

Reply With Quote
The following 3 users say Thank You to GoldenRatio for this post:
 
  #5084 (permalink)
Trading Apprentice
Munich Germany
 
Futures Experience: Advanced
Platform: TWS
Favorite Futures: ES
 
Posts: 13 since Sep 2015
Thanks: 50 given, 14 received


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



Changed a bit from yesterday but thanks to @satghost for noticing.

..

In TWS (screenshot attached), i am still seeing things differently - what am i doing wrong?
Right now (its 5 am EST)
Jan 29th, ES 1750 seems to have delta of 5.27 and
ES 1670 seems to have delta of 1.62

is it because market is not open?
would appreciate the help
thnx
J

Do not think, this has to do with the closed market, I have attached the current option chain for ES Jan 29 '16 from my TWS (about 6 am EST)

Found it: Your screenshoot is for December 18!!!! Look at your uper left corner ...

Attached Thumbnails
Selling Options on Futures?-es.jpg  
Reply With Quote
The following user says Thank You to satghost for this post:
 
  #5085 (permalink)
Elite Member
rutherford NJ
 
Futures Experience: Intermediate
Platform: Sierra Qtrader
Broker/Data: Amp and Optimus and CQG
Favorite Futures: Mainly NG Some GC, ZS,CL
 
Posts: 380 since May 2013
Thanks: 303 given, 137 received

sorry to keep following up

What should the upper left hand corner need to be? See below on last trading day it says Jan29th
I can select only ES futures for either Dec 18 or March on the contract and then adjust the last trading day

Again what am i doing wrong?


Last edited by jokertrader; October 21st, 2015 at 07:30 AM.
Reply With Quote
 
  #5086 (permalink)
Trading Apprentice
Munich Germany
 
Futures Experience: Advanced
Platform: TWS
Favorite Futures: ES
 
Posts: 13 since Sep 2015
Thanks: 50 given, 14 received

I do not know, how to get your display.

But, the prices and numbers your picture is showing are for the Dec 18' 15 aka ESZ15.
The expiration of this future is DEC 18 '15 08:30 CST.

I do not think, the ESZ15 (or an option for this underlying) will be traded after the DEC 18 '15 expiration.
The last trading day for this future can not be Jan 29th 2016.

If you want to sell a Option for Jan 29th, than the underlying is the ESH6 Mar 18 '16 Future.

Reply With Quote
The following user says Thank You to satghost for this post:
 
  #5087 (permalink)
Elite Member
rutherford NJ
 
Futures Experience: Intermediate
Platform: Sierra Qtrader
Broker/Data: Amp and Optimus and CQG
Favorite Futures: Mainly NG Some GC, ZS,CL
 
Posts: 380 since May 2013
Thanks: 303 given, 137 received

Much Much thanks got it

march ES put expiring Jan 29th:
1630 Put at 5.10 delta
1375 Put at 1.54 delta
Mid Point: 2.85 Credit

awesome .. thanks for pointing out the right contract to use

Reply With Quote
 
  #5088 (permalink)
World'sWorstTrader
Knoxville Tennessee USA
 
Futures Experience: Intermediate
Platform: TOS
Favorite Futures: ES, NQ, CL, /6E futures options.
 
Posts: 267 since Oct 2012
Thanks: 126 given, 75 received

COT

For the cftc.gov site and the COT (Commitments of Traders) does anyone have a source for a way of using the COT
in chart form. Can the information be downloaded to a spread sheet and used conveniently, or is there a third
party that supplies the information in graphical form?

Reply With Quote
 
  #5089 (permalink)
World'sWorstTrader
Knoxville Tennessee USA
 
Futures Experience: Intermediate
Platform: TOS
Favorite Futures: ES, NQ, CL, /6E futures options.
 
Posts: 267 since Oct 2012
Thanks: 126 given, 75 received

Vega


ron99 View Post
I never look at any technicals. That is because I feel the money you leave on the table waiting for the best time to trade you probably will never get back.

Probably each person has different ways of viewing risk. Since the sell off in August I have required initially for positions that the ratio of (Vega/Theta) be <= 2.0 with some exceptions. This reduces the DTE to
40 - 45 days. This is at variance with previous positions, but some positions with large DTE have a (Vega/Theta) of
30 or more. To me this ratio implies a very high sell off risk.

Reply With Quote
The following user says Thank You to datahogg for this post:
 
  #5090 (permalink)
Market Wizard
Linz Austria
 
Futures Experience: Advanced
Platform: Zaner360, Vantage, Trade Navigator
Broker/Data: DeCarley, RJO
Favorite Futures: Commodities
 
Posts: 992 since Nov 2014
Thanks: 1,384 given, 1,115 received
Forum Reputation: Legendary



datahogg View Post
For the cftc.gov site and the COT (Commitments of Traders) does anyone have a source for a way of using the COT
in chart form. Can the information be downloaded to a spread sheet and used conveniently, or is there a third
party that supplies the information in graphical form?

I get this data from the platform of Floyd Upperman, who sells these data in a graphical form. Many things can also be downloaded to a spread sheet. Good quality data, but not for free.

Best regards, Myrrdin

Reply With Quote
The following user says Thank You to myrrdin 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)

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 12:49 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 2017-08-18 in 0.09 seconds with 19 queries on phoenix via your IP 23.20.64.16