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


Selling Options on Futures?
Updated: Views / Replies:640,142 / 6,057
Created: by ron99 Attachments:692

Welcome to futures io.

Welcome, Guest!

This forum was established to help traders (especially futures traders) by openly sharing indicators, strategies, methods, trading journals and discussing the psychology of trading.

We are fundamentally different than most other trading forums:
  • We work extremely hard to keep things positive on our forums.
  • We do not tolerate rude behavior, trolling, or vendor advertising in posts.
  • We firmly believe in openness and encourage sharing. The holy grail is within you, it is not something tangible you can download.
  • 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, and we will never resell your private information.

-- Big Mike

Reply
 692  
 
Thread Tools Search this Thread
 

Selling Options on Futures?

  #731 (permalink)
Elite Member
Cleveland Ohio/United States
 
Futures Experience: Advanced
Platform: Tradestation
Broker/Data: various
Favorite Futures: futures
 
Posts: 2,255 since Jul 2012
Thanks: 1,059 given, 4,097 received


Mark59 View Post
Hey
Any thoughts on using Tradestation for Selling Options? I understand they deal in Canada. I phoned them and the chap said they use Span Margin. He said they clear through R J O'Brien

Thanks.

Maybe it has changed, but in 2008 or 2009 Tradestation closed accounts of Canadians. I have friends in Canada who still believe this, so this would be good news for them.

To answer your question, I use Tradestation for futures trading but not options on futures. You'd have to look at commissions, but in general their service, etc. is pretty good.

Reply With Quote
 
  #732 (permalink)
Trading Apprentice
Toronto/Canada
 
Futures Experience: Advanced
Platform: Sierra Charts
Favorite Futures: Options
 
Posts: 25 since Oct 2012
Thanks: 20 given, 5 received


kevinkdog View Post
Maybe it has changed, but in 2008 or 2009 Tradestation closed accounts of Canadians. I have friends in Canada who still believe this, so this would be good news for them.

To answer your question, I use Tradestation for futures trading but not options on futures. You'd have to look at commissions, but in general their service, etc. is pretty good.

Kevin

He said Ontario only due to the fact that the clearing agent is in Ontario. Just looking for lower Margin , as IB is so high.

Reply With Quote
 
  #733 (permalink)
Elite Member
Cleveland Ohio/United States
 
Futures Experience: Advanced
Platform: Tradestation
Broker/Data: various
Favorite Futures: futures
 
Posts: 2,255 since Jul 2012
Thanks: 1,059 given, 4,097 received



Mark59 View Post
Kevin

He said Ontario only due to the fact that the clearing agent is in Ontario. Just looking for lower Margin , as IB is so high.

Ahh thanks. If TS uses SPAN, their margin would be much lower than IB, and even lower than OptionsXpress. Good be a very good thing.

Reply With Quote
 
  #734 (permalink)
Market Wizard
Cleveland, OH
 
Futures Experience: Advanced
Platform: QST
Broker/Data: QST, DeCarley Trading, Gain
Favorite Futures: Options on Futures
 
Posts: 2,558 since Jul 2011
Thanks: 732 given, 4,391 received
Forum Reputation: Legendary

I just made a KC trade at OX and the 75 cent transaction fee was gone.

Anybody else see that?

Because of the volume I do there, they have me at 2.99 commission. So the new total cost to sell a KC option for me was 4.76. It used to be 5.51.

Reply With Quote
 
  #735 (permalink)
Elite Member
Cleveland Ohio/United States
 
Futures Experience: Advanced
Platform: Tradestation
Broker/Data: various
Favorite Futures: futures
 
Posts: 2,255 since Jul 2012
Thanks: 1,059 given, 4,097 received


ron99 View Post
I just made a KC trade at OX and the 75 cent transaction fee was gone.

Anybody else see that?

Yes, I sold a SB today, and noticed it too. It looks like their price is flat $3.50 plus exchange fees. No volume minimums or discounts listed anymore.

Get the Best Online Trading Value with optionsXpress

Reply With Quote
 
  #736 (permalink)
Market Wizard
Cleveland, OH
 
Futures Experience: Advanced
Platform: QST
Broker/Data: QST, DeCarley Trading, Gain
Favorite Futures: Options on Futures
 
Posts: 2,558 since Jul 2011
Thanks: 732 given, 4,391 received
Forum Reputation: Legendary


kevinkdog View Post
Maybe it has changed, but in 2008 or 2009 Tradestation closed accounts of Canadians. I have friends in Canada who still believe this, so this would be good news for them.

To answer your question, I use Tradestation for futures trading but not options on futures. You'd have to look at commissions, but in general their service, etc. is pretty good.

Kevin, Isn't there something that if you are doing futures at Tradestation that you are on a different platform?

Reply With Quote
 
  #737 (permalink)
Elite Member
Cleveland Ohio/United States
 
Futures Experience: Advanced
Platform: Tradestation
Broker/Data: various
Favorite Futures: futures
 
Posts: 2,255 since Jul 2012
Thanks: 1,059 given, 4,097 received


ron99 View Post
Kevin, Isn't there something that if you are doing futures at Tradestation that you are on a different platform?


Yes. I don't know if you can do options on Tradestation's main platform. But, there is another platform (Futures 4.0), which I'm pretty sure can do it. BUT, you have to have a separate account setup for it. I use the Futures 4.0 platform for manual trades, and spread trades, which TS main platform does not support.

Reply With Quote
The following user says Thank You to kevinkdog for this post:
 
  #738 (permalink)
Trading for Fun
Huntsville AL/USA
 
Futures Experience: Intermediate
Platform: optionsXpress
Favorite Futures: Options on Futures
 
Posts: 54 since May 2012
Thanks: 80 given, 26 received

I sold some CL puts today on OX. It was just $3.50 commission and $1.47 Fees. Sweet!

Reply With Quote
 
  #739 (permalink)
Market Wizard
Cleveland, OH
 
Futures Experience: Advanced
Platform: QST
Broker/Data: QST, DeCarley Trading, Gain
Favorite Futures: Options on Futures
 
Posts: 2,558 since Jul 2011
Thanks: 732 given, 4,391 received
Forum Reputation: Legendary


kevinkdog View Post
Yes. I don't know if you can do options on Tradestation's main platform. But, there is another platform (Futures 4.0), which I'm pretty sure can do it. BUT, you have to have a separate account setup for it. I use the Futures 4.0 platform for manual trades, and spread trades, which TS main platform does not support.

What are the commissions and fees at TS and do they charge you the overnight fee? Platform cost?

Reply With Quote
 
  #740 (permalink)
Trading for Fun
Houston, Texas
 
Futures Experience: Advanced
Platform: Interactive Brokers, OptionsXpress
Broker/Data: Options Express
Favorite Futures: Options on Futures
 
MJ888's Avatar
 
Posts: 165 since Sep 2012
Thanks: 37 given, 123 received



ron99 View Post
I just made a KC trade at OX and the 75 cent transaction fee was gone.

Anybody else see that?

Because of the volume I do there, they have me at 2.99 commission. So the new total cost to sell a KC option for me was 4.76. It used to be 5.51.

Yes, I noticed it too. That's great that OX finally realized that their commission for options on futures were way too high at $12.99 per. This works out great for me too since they started me at $3.99 per so this new rate is even better for my bottom line.

Reply With Quote

Reply



futures io > > > > Selling Options on Futures?

« PC-SPAN | - »
Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

FIO Journal Challenge featuring NinjaTrader ($2,000+ of prizes)

May

An overview of volumetric analytical tools w/Sergey Sokolov @ PTMC

Elite only

John Hoagland (TBA)

Elite only

FuturesTrader71 Extended Ask Me Anything (AMA)

Elite only

Pete @ Jigsaw Trading (TBA)

Elite only

John @ No BS Day Trading (TBA)

Elite only

An Afternoon with FIO member Softsoap (being rescheduled)

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 07:58 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 2017-05-25 in 0.10 seconds with 20 queries on phoenix via your IP 54.162.168.187