NexusFi: Find Your Edge


Home Menu

 





Selling Options on Futures?


Discussion in Options

Updated
      Top Posters
    1. looks_one ron99 with 2,221 posts (4,489 thanks)
    2. looks_two SMCJB with 346 posts (733 thanks)
    3. looks_3 kevinkdog with 341 posts (400 thanks)
    4. looks_4 myrrdin with 288 posts (408 thanks)
      Best Posters
    1. looks_one SMCJB with 2.1 thanks per post
    2. looks_two ron99 with 2 thanks per post
    3. looks_3 myrrdin with 1.4 thanks per post
    4. looks_4 kevinkdog with 1.2 thanks per post
    1. trending_up 1,934,752 views
    2. thumb_up 9,259 thanks given
    3. group 458 followers
    1. forum 7,370 posts
    2. attach_file 794 attachments




 
Search this Thread

Selling Options on Futures?

  #5361 (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


rsm005 View Post
Thanks Ron,

I'm not sure if it's something I'm doing but the pivot table seems very fragile. I run the spreadsheet and there's data under historical but I see this in the pivot table...regardless of date or prices..






Am I missing something?

/rsm005/

I figured it out. There seems to be a blank column in the HistData table that I didn't notice. Gets recreated every time the tracker is run. Specifically the Column is AI with a value of "1".

Thanks,
/rsm005/

Reply With Quote

Can you help answer these questions
from other members on NexusFi?
ZombieSqueeze
Platforms and Indicators
My NT8 Volume Profile Split by Asian/Euro/Open
NinjaTrader
NexusFi Journal Challenge - April 2024
Feedback and Announcements
Request for MACD with option to use different MAs for fa …
NinjaTrader
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Retail Trading As An Industry
58 thanks
Battlestations: Show us your trading desks!
48 thanks
NexusFi site changelog and issues/problem reporting
47 thanks
GFIs1 1 DAX trade per day journal
32 thanks
What percentage per day is possible? [Poll]
31 thanks

  #5362 (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
I figured it out. There seems to be a blank column in the HistData table that I didn't notice. Gets recreated every time the tracker is run. Specifically the Column is AI with a value of "1".

Thanks,
/rsm005/

Yes put a number 1 in cell, column AI row 1. Then on HistPivot sheet right click on any number and click on Refresh

Started this thread Reply With Quote
  #5363 (permalink)
Ashur
Swansea UK
 
Posts: 1 since Mar 2016
Thanks Given: 0
Thanks Received: 0


Hi all, new here.

I've been trading Forex for a while and have started Selling Options on Forex with brokers FXDD / AVA Options and Saxo. I want to look at Selling Options on Commodities as well. FXDD and AVA only do Gold & Silver, Saxo do more commodities but is there anyone else that offers the facility to sell options on Commodities that let UK residents open accounts? Thanks for your help.

Reply With Quote
  #5364 (permalink)
 myrrdin 
Linz Austria
 
Experience: Advanced
Platform: TWS
Broker: Interactive Brokers
Trading: Commodities
Posts: 1,938 since Nov 2014
Thanks Given: 3,686
Thanks Received: 2,651


Ashur View Post
Hi all, new here.

I've been trading Forex for a while and have started Selling Options on Forex with brokers FXDD / AVA Options and Saxo. I want to look at Selling Options on Commodities as well. FXDD and AVA only do Gold & Silver, Saxo do more commodities but is there anyone else that offers the facility to sell options on Commodities that let UK residents open accounts? Thanks for your help.

There is a lot of information on brokers on this site. You might want to have a more detailed look in this thread as well as in the forum "brokers and data feeds".

I am very happy selling options with DeCarley Trading. Excellent Service. I am European myself, and, thus, assume they let UK residents open accounts. But you have to check.

Best regards, Myrrdin

Reply With Quote
  #5365 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
Developer
Swing Trader
 
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,322 since Jun 2009
Thanks Given: 33,143
Thanks Received: 101,476


mattz View Post
Ron, if he wants to put that he is from the USA, Kazakhstan, or Mongolia that's his biz. If someone adds good content, asks the right questions and polite, why would any one care where he/she is from?

Matt Z
Optimus Futures

There is a risk of loss in futures trading. Past performance is not indicative of future results.

We make it clear that an accurate location is a requirement. Purposely posting false information will result in a permanent ban out of disrespect for our forum.

Mike

We're here to help: just ask the community or contact our Help Desk

Quick Links: Change your Username or Register as a Vendor
Searching for trading reviews? Review this list
Lifetime Elite Membership: Sign-up for only $149 USD
Exclusive money saving offers from our Site Sponsors: Browse Offers
Report problems with the site: Using the NexusFi changelog thread
Follow me on Twitter Visit my NexusFi Trade Journal Reply With Quote
The following 4 users say Thank You to Big Mike for this post:
  #5366 (permalink)
Mo111
Detroit MI/USA
 
Posts: 21 since Jan 2014
Thanks Given: 12
Thanks Received: 10

Hi @ron99, I was going back to your spreadsheet you posted here:


ron99 View Post
Attached is a spreadsheet with all of the raw data including Drawdowns.

I am now using a short with a 6.00 delta and two longs with 1.50 deltas each. Slightly different than this example.

If you exit a few times at 30-40% loss then you won't have much money left. Probably less than you started with.

I understand the first table. I was wondering about the second table:



How did you pick your long and shorts in this table? Looking back these werent short 6 (or 5) delta with 2 long 1.5 delta.

I also wanted to confirm this strategy to test it over the markets the past few months:

On 12/23/15 I looked at these:
Short 1x ESJ6 P1600 delta 5.21
Long 2x ESJ6 P1375 delta 1.58

It would have hit a margin call on 1/20/2016 with 40 percent draw down. Did I do this right? ALso getting out at 30 days would have been a big loss.





Thanks for your help in advance.

Reply With Quote
  #5367 (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


Mo111 View Post
Hi @ron99, I was going back to your spreadsheet you posted here:



I understand the first table. I was wondering about the second table:

Attachment 205176

How did you pick your long and shorts in this table? Looking back these werent short 6 (or 5) delta with 2 long 1.5 delta.

I also wanted to confirm this strategy to test it over the markets the past few months:

On 12/23/15 I looked at these:
Short 1x ESJ6 P1600 delta 5.21
Long 2x ESJ6 P1375 delta 1.58

It would have hit a margin call on 1/20/2016 with 40 percent draw down. Did I do this right? ALso getting out at 30 days would have been a big loss.

Attachment 205182



Thanks for your help in advance.

No...you're correct. This one of the big challenges with this method of trading and this spread. You will be protected from a flash crash but not a slow, steady grind down.

/rsm005/

Reply With Quote
  #5368 (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


Mo111 View Post
Hi @ron99, I was going back to your spreadsheet you posted here:



I understand the first table. I was wondering about the second table:

How did you pick your long and shorts in this table? Looking back these werent short 6 (or 5) delta with 2 long 1.5 delta.

I also wanted to confirm this strategy to test it over the markets the past few months:

On 12/23/15 I looked at these:
Short 1x ESJ6 P1600 delta 5.21
Long 2x ESJ6 P1375 delta 1.58

It would have hit a margin call on 1/20/2016 with 40 percent draw down. Did I do this right? ALso getting out at 30 days would have been a big loss.

Thanks for your help in advance.

The table with the white background is naked 3.00 delta options.

What's crazy is that if you sold a 1750 put naked it would have never went on margin call (max 88% with 30% drawdown). But you would have had no protection from a flash crash.

Started this thread Reply With Quote
  #5369 (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

@Mo111

After running simulation after simulation for months there is only one solution I've found to survive the type of downward movement we saw in the beginning of the year while still using the spread being used by Ron, reduce the position size.


I've been keeping between 6x and 10x extra capital in my account. This reduction can allow me to easily ride out what we saw in both August and January. Now the drawback is that you obviously will not have as much in the way of gains but that's for you to decide.

/rsm005/

Reply With Quote
The following 3 users say Thank You to rsm005 for this post:
  #5370 (permalink)
 myrrdin 
Linz Austria
 
Experience: Advanced
Platform: TWS
Broker: Interactive Brokers
Trading: Commodities
Posts: 1,938 since Nov 2014
Thanks Given: 3,686
Thanks Received: 2,651


It is obvious that you have to take some measure(s) to ride out severe downward movements. Unfortunately These downward movements appear in many different ways.

There are many different ways to solve this problem. It is my approach to diversify my Portfolio (see own thread), and to get out early. ( I often get out of short option trades, when the value of the option has doubled. Or earlier.)

Best regards, Myrrdin

Reply With Quote
The following 3 users say Thank You to myrrdin for this post:





Last Updated on July 28, 2023


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
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.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts