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Selling Options on Futures?


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Selling Options on Futures?

  #5181 (permalink)
 ron99 
Cleveland, OH
 
Experience: Advanced
Platform: QST
Broker: QST, DeCarley Trading, Gain
Trading: Options on Futures
Posts: 3,081 since Jul 2011
Thanks Given: 980
Thanks Received: 5,785


rsm005 View Post
Looking at the Open Interest in March/April I don't see much of anything at the .6 and .15 deltas. To get anything decent you'd have to get down to 85 days out and that gets risky. Wonder what's going on. Thoughts?

In ES I wouldn't worry about it. There are always hundreds of bids and offers for every strike.

Actually that might be a plus because if you need to get out you are the only one of a few getting out. There aren't a bunch of other traders trying to do the same thing you are trying to do.

Now in other commodities that don't have such strong market makers, that is a concern.

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  #5182 (permalink)
 rsm005 
vancouver BC/Canada
 
Experience: Beginner
Platform: Zaner360, OX
Broker: DeCaley
Trading: options
Posts: 264 since Jan 2015
Thanks Given: 13
Thanks Received: 205

Thanks. I'm pretty blown away by the way 2016 has started...it's certainly exciting and that's not really a good thing . Wondering where things will go...the consensus from all my reading says the floor is between 1850-1900..but who knows.


/rsm005/

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  #5183 (permalink)
 danjuma 
London, UK
 
Experience: Beginner
Platform: NinjaTrader, IB TWS
Broker: IB, Kinetic
Trading: Stocks, Forex
Posts: 98 since Nov 2011
Thanks Given: 47
Thanks Received: 16


ron99, what brokers do you use? What do you think about using Interactive Brokers for this method? Thanks

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  #5184 (permalink)
 ron99 
Cleveland, OH
 
Experience: Advanced
Platform: QST
Broker: QST, DeCarley Trading, Gain
Trading: Options on Futures
Posts: 3,081 since Jul 2011
Thanks Given: 980
Thanks Received: 5,785


danjuma View Post
ron99, what brokers do you use? What do you think about using Interactive Brokers for this method? Thanks

My broker is under my name on the left.

Our opinion of IB is in the thread. Do a thread search.

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  #5185 (permalink)
 danjuma 
London, UK
 
Experience: Beginner
Platform: NinjaTrader, IB TWS
Broker: IB, Kinetic
Trading: Stocks, Forex
Posts: 98 since Nov 2011
Thanks Given: 47
Thanks Received: 16


ron99 View Post
My broker is under my name on the left.

Our opinion of IB is in the thread. Do a thread search.

OH - OptionsHouse? Many thanks

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  #5186 (permalink)
 
SMCJB's Avatar
 SMCJB 
Houston TX
Legendary Market Wizard
 
Experience: Advanced
Platform: TT and Stellar
Broker: Advantage Futures
Trading: Primarily Energy but also a little Equities, Fixed Income, Metals and Crypto.
Frequency: Many times daily
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Little surprised ES Vol hasn't spiked more.
5 mins before China opens with no circuit breakers and the F ATM Straddle is 25.5% which is high but not that high.

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  #5187 (permalink)
 
SMCJB's Avatar
 SMCJB 
Houston TX
Legendary Market Wizard
 
Experience: Advanced
Platform: TT and Stellar
Broker: Advantage Futures
Trading: Primarily Energy but also a little Equities, Fixed Income, Metals and Crypto.
Frequency: Many times daily
Duration: Never
Posts: 5,033 since Dec 2013
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Thanks Received: 10,172


danjuma View Post
OH - OptionsHouse? Many thanks



OH =


Look lower where it says Broker/Data Feed!

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  #5188 (permalink)
uuu1965
Riga Latvia
 
Posts: 107 since Jan 2013
Thanks Given: 441
Thanks Received: 72

Hi,
would somebody to help me to check the right margin for such position:
HEJ6 C66 -3
HEG6 C60 +3
HEG6 C61 -3
HEG6 C66 +3

Gain statement and Zaner platform calculator shows 2438,57$ (SPAN shows = 1752$)

Thanks.

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  #5189 (permalink)
 myrrdin 
Linz Austria
 
Experience: Advanced
Platform: TWS
Broker: Interactive Brokers
Trading: Commodities
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uuu1965 View Post
Hi,
would somebody to help me to check the right margin for such position:
HEJ6 C66 -3
HEG6 C60 +3
HEG6 C61 -3
HEG6 C66 +3

Gain statement and Zaner platform calculator shows 2438,57$ (SPAN shows = 1752$)

Thanks.

I can only check the information sources where your information is from.

Suggest to ask your broker.

Best regards, Myrrdin

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  #5190 (permalink)
 ron99 
Cleveland, OH
 
Experience: Advanced
Platform: QST
Broker: QST, DeCarley Trading, Gain
Trading: Options on Futures
Posts: 3,081 since Jul 2011
Thanks Given: 980
Thanks Received: 5,785



uuu1965 View Post
Hi,
would somebody to help me to check the right margin for such position:
HEJ6 C66 -3
HEG6 C60 +3
HEG6 C61 -3
HEG6 C66 +3

Gain statement and Zaner platform calculator shows 2438,57$ (SPAN shows = 1752$)

Thanks.

I get 2439 using CME's PC-SPAN and files from 1/7/16. I get 1752 using the XLS-SPAN. Ask this same question in the PC-SPAN thread. Maybe Dudetooth will know the answer.

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The following user says Thank You to ron99 for this post:





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