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Selling Options on Futures?
Started:July 19th, 2011 (06:16 PM) by ron99 Views / Replies:568,597 / 5,727
Last Reply:December 2nd, 2016 (12:40 PM) Attachments:642

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Selling Options on Futures?

Old February 20th, 2013, 01:00 PM   #811 (permalink)
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That OX screen looks neat. How did you do that? I can't seem to find the right place to go to set it up. I would like to have that on my separate monitor too. I am guessing that is in Xtend which I am playing around with now. Thanks.

MJ888


Last edited by MJ888; February 20th, 2013 at 01:30 PM.
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Old February 20th, 2013, 01:38 PM   #812 (permalink)
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Ron,

What are your thoughts on the April 13 1740 call for /GC? the delta is -.02 and the probability ITM is only 2% ? DTE is 33 as per TOS

thanks

V

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Old February 20th, 2013, 01:39 PM   #813 (permalink)
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MJ888 View Post
That OX screen looks neat. How did you do that? I can't seem to find the right place to go to set it up. I would like to have that on my separate monitor too. Thanks.

MJ888

Not in Xtend.

Set up a Watch List with the symbols you want on that grid. Put them in the order you want them on the grid.

Go to Quotes and click on Streaming Charts. Wait for the chart to load.

In the upper right click on Detach.

On the left side click on Watch List twice.

To the right of the words Watch List click on Select WatchList.

Click on the Watch List you set up for this.

To the right of the words Watch List, click on Load Watch List Symbols into Tab/Grid/Slide show view. Click on Grid View.

For my browser I can't put the detached tab on another screen. I just switch back and forth from the charts to MyOX. I also detach the option chains page and have them in a separate tab on my browser. I also detach the Trade Calc page and keep it in a separate tab.


Last edited by ron99; February 20th, 2013 at 01:49 PM.
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Old February 20th, 2013, 01:47 PM   #814 (permalink)
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vmaiya73 View Post
Ron,

What are your thoughts on the April 13 1740 call for /GC? the delta is -.02 and the probability ITM is only 2% ? DTE is 33 as per TOS

thanks

V

While selling that call is OK, the ROI of 1.2% is low. I checked other calls in other months and the ROI is just as low.

I should have checked the ROI before I mentioned I was looking at GC calls.

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Old February 20th, 2013, 03:36 PM   #815 (permalink)
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Futures Edge on FIO
Thanks Ron. I was able to very quickly set up the OX charts screen on my other monitor. And you are right that it allows me to see all the markets I am following at a glance.

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Old February 20th, 2013, 05:20 PM   #817 (permalink)
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Ever sold by accident?

I closed out an April GC 1450P today. That crazy drop in gold doubled my premium and while it might bounce tomorrow it could also drop further and cost more to close out. Better to be safe than sorry.

The ironical thing was I sold it by accident some weeks ago when I was checking the margin in IB and pressed the "Transmit" button instead of "Cancel". I only realized what had happened when the trade button started flashing

Brit

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Old February 20th, 2013, 05:33 PM   #818 (permalink)
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britkid99 View Post
I closed out an April GC 1450P today. That crazy drop in gold doubled my premium and while it might bounce tomorrow it could also drop further and cost more to close out. Better to be safe than sorry.

The ironical thing was I sold it by accident some weeks ago when I was checking the margin in IB and pressed the "Transmit" button instead of "Cancel". I only realized what had happened when the trade button started flashing

Brit

Yea a couple of times I have bought instead of sold. Then you rush to correct your dumb mistake.

I see your option is now a 0.1016 delta. Smart thing to jump out. Too close for comfort.

One thing I am noticing is that seasonal moves happen earlier and earlier. GC usually peaks late Feb. This year the peak was early Feb.

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Old February 20th, 2013, 06:24 PM   #819 (permalink)
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britkid99 View Post
I closed out an April GC 1450P today. That crazy drop in gold doubled my premium and while it might bounce tomorrow it could also drop further and cost more to close out. Better to be safe than sorry.

The ironical thing was I sold it by accident some weeks ago when I was checking the margin in IB and pressed the "Transmit" button instead of "Cancel". I only realized what had happened when the trade button started flashing

Brit

Nope...but have almost bought many times. My Droid ap for OX is defaulted to Buy for some reason. I've defaulted it to Sell on the home pc's but on the Droid it's Buy. Glad for the preview order button more than once.

I think you will have a good opportunity later to regain that lost premium to sell puts. If we have a close below 1550 then the next logical target is 1500 per the charts. Crazy few days in GC and CL here.

I saw a bid for the 1820 calls for .30 and had to jump on them.

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Old February 20th, 2013, 08:01 PM   #820 (permalink)
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opts View Post
Nope...but have almost bought many times. My Droid ap for OX is defaulted to Buy for some reason. I've defaulted it to Sell on the home pc's but on the Droid it's Buy. Glad for the preview order button more than once.

I think you will have a good opportunity later to regain that lost premium to sell puts. If we have a close below 1550 then the next logical target is 1500 per the charts. Crazy few days in GC and CL here.

I saw a bid for the 1820 calls for .30 and had to jump on them.

I agree 1550 is a strong support but if it goes we could be down to 1450 before you know it.
I didn't feel too bad about losing the premium as I made 28 ticks shorting the GC futures on the way down.

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