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Selling Options on Futures?
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Selling Options on Futures?

  #7121 (permalink)
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waltsg View Post
While Cordier's risk management could have been better, his insight into seasonal trades have been pretty good. He's newsletters easy to read and understand. I haven't been able to find anything as good since they went bust.

I do believe his fundamentals are spot on, and thats why I follow his method, fundamentals and deep out of money. However, his execution and risk management was bad at the moment leading up to his failure. I actually saved a bunch of his articles since 2010 so I can study them later to improve my fundamentals, such a long long journey of learning and improving.

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  #7122 (permalink)
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myrrdin View Post
The service I am reffering to is "Jerry's Weekly Spread Commentary" by MRCI. According to the description of this service they also provide fundamental information. You can get a 14 day free trial. The service sosts 19 $ per month or 135 $ per year.

Best regards, Myrrdin

Thanks for the information, Ill definitely check it out, Ive been looking for some solid commentary about commodity fundamentals after James Cordier went bust. Im on page 400 of this thread now, will finish this asap and then move on to your thread, I have a ton of questions Im waiting to ask the veterans like you, but Ill wait till I finish everything

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  #7123 (permalink)
Market Wizard
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yurahoang View Post
Thanks for the information, Ill definitely check it out, Ive been looking for some solid commentary about commodity fundamentals after James Cordier went bust. Im on page 400 of this thread now, will finish this asap and then move on to your thread, I have a ton of questions Im waiting to ask the veterans like you, but Ill wait till I finish everything

The MRCI source has its main emphasis on seasonals.

In case you are looking for fundamental information independently of seasonaly, there is a lot of interesting stuff around.

Best regards, Myrrdin

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  #7124 (permalink)
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myrrdin View Post
The service I am reffering to is "Jerry's Weekly Spread Commentary" by MRCI. According to the description of this service they also provide fundamental information. You can get a 14 day free trial. The service sosts 19 $ per month or 135 $ per year.

Best regards, Myrrdin

I see. I will check it out. Thanks for sharing!

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  #7125 (permalink)
Legendary Market Wizard
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S-8402 July 2, 2019
Expansion of Listing Schedules of Monday and Wednesday Weekly Options on SP500 Futures and Monday and Wednesday Weekly Options on E-mini SP500 Futures Contracts
Effective Sunday, July 28, 2019, for trade date Monday, July 29, 2019, and pending all relevant CFTC regulatory review periods, Chicago Mercantile Exchange Inc. (“CME”) will expand the listing schedule of the Monday Weekly Options and Wednesday Weekly Options on Standard and Poor's 500 Stock Price Index™ Futures (“SP 500 Futures”) contracts for trading in open outcry and on the CME Globex electronic trading platform (“CME Globex”), and for submission for clearing via CME ClearPort, and will expand the listing schedule of the Monday Weekly Options and Wednesday Weekly Options on E-mini Standard and Poor's 500 Stock Price Index Futures (“E-Mini SP500 Futures”) contracts for trading on CME Globex and for submission for clearing via CME ClearPort, as shown in the table below.
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https://www.cmegroup.com/content/dam/cmegroup/notices/ser/2019/07/SER-8402.pdf

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  #7126 (permalink)
Hanoi, Vietnam
 
 
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I have just finished the thread. Took me weeks (I wasnt able to read full time), and even some sleepless nights being completely consumed by the topics discussed here. I skimmed through most of the technical stuff related to ES options, but read everything else. I took very very long list of notes and things to re-check on my own, gonna spend the next weeks to do just that and plus move on to the "Diversifier Options Selling Portfolio" thread, which is probably closer to my current strategy.

This was like reading a huge business textbook and actually re-living what, when and how things happened in the past over the years, how strategy and circumstances have changed, how people made, lost money and evolved. Huge thanks to everybody who contributed, all the knowledge contained in this thread is priceless.

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  #7127 (permalink)
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yurahoang View Post
I have just finished the thread. Took me weeks (I wasnt able to read full time), and even some sleepless nights being completely consumed by the topics discussed here. I skimmed through most of the technical stuff related to ES options, but read everything else. I took very very long list of notes and things to re-check on my own, gonna spend the next weeks to do just that and plus move on to the "Diversifier Options Selling Portfolio" thread, which is probably closer to my current strategy.

This was like reading a huge business textbook and actually re-living what, when and how things happened in the past over the years, how strategy and circumstances have changed, how people made, lost money and evolved. Huge thanks to everybody who contributed, all the knowledge contained in this thread is priceless.

Good job reading entire thread. This shows you have the determination to be a good trader.

Good luck in your future trading!

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  #7128 (permalink)
Legendary Market Wizard
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Effective today, eMini S&P 500 Monday & Wednesday expiration options are expanded from 2 weeks/expirations to 4.

https://www.cmegroup.com/notices/ser/2019/07/SER-8402.html

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  #7129 (permalink)
Super Moderator
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Hey guys,

We are having Carley Garner back for an options webinar next Tuesday.

https://futures.io/elite-circle/47732-webinar-trade-futures-like-stocks-w-carley-garner-decarley-trading.html

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  #7130 (permalink)
Los Angeles, CA /USA
 
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ron99 View Post
I have been selling options on futures for years. But it is rare to find others doing it. I was wondering if there are others here doing it.

I have been doing it for 5 years. Learned it from James Cordier's book.

I have sold energy, grain, softs and metal options. Far out of the money. Usually less than 90 days from expiration.

Looks like I am very late on this one but great topic and excellent info shared by many.

My preferred strategy is to sell vertical call and put spreads with about 4-7 weeks of time value.

The last one I did was on crude oil 10 days ago selling the 60-63 call spread for Oct. at 70 points or $700 credit less commissions.

Sometimes, like yesterday, I will use ratio spreads, in this case buying the 1520 call and selling 2 1580 calls on Sept.. gold options ( 19 days left) for debit ( I paid $450)

PM with any questions about Cannon Trading (800) 454-9572 (310) 859-9572. Trading commodity futures, forex and options involves substantial risk of loss. The recommendations contained in this post are of opinion only and do not guarantee any profits. These are risky markets and only risk capital should be used. Past performance is not necessarily indicative of future results.
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