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Selling Options on Futures?


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Selling Options on Futures?

  #3841 (permalink)
 ron99 
Cleveland, OH
 
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SMCJB View Post
Anybody who did sell NG-H5 calls though is probably happy.

I made $20k being long 100 of these calls and getting out before it crashed. Waiting for next cold spell to get long again.

Been out of CL puts since 11/11. Had on 460 Jan 60 puts and made $6.2k on them.

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  #3842 (permalink)
 
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 SMCJB 
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ron99 View Post
I made $20k being long 100 of these calls and getting out before it crashed.

Congratz. Nice Trade. Back in late November I assume after we rallied from $3.60 to $4.50 in March?

ron99 View Post
Waiting for next cold spell to get long again.

Me 2. Unfortunately if it doesn't happen soon it may be irrelevant. In fact if it doesnt happen soon the downside for this summer could be very interesting. If we come out of winter with anything but low storage inventory we will have so much gas next summer we will not know what to do with it.

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  #3843 (permalink)
 ron99 
Cleveland, OH
 
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SMCJB View Post
Congratz. Nice Trade. Back in late November I assume after we rallied from $3.60 to $4.50 in March?

Me 2. Unfortunately if it doesn't happen soon it may be irrelevant. In fact if it doesnt happen soon the downside for this summer could be very interesting. If we come out of winter with anything but low storage inventory we will have so much gas next summer we will not know what to do with it.

Bought on 11/13 and sold on 11/18.

NG might be copying next spring and early summer what is happening in CL now if winter is normal. 2012 all over again.

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  #3844 (permalink)
 leinster 
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ron99 View Post
I made $20k being long 100 of these calls and getting out before it crashed. Waiting for next cold spell to get long again.

Been out of CL puts since 11/11. Had on 460 Jan 60 puts and made $6.2k on them.

Nice trade @ron99 how did u come to the conclusion to get long right there what was ur thought process seasonal or weather reading or what type of info generally did u use for this ?

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  #3845 (permalink)
 ron99 
Cleveland, OH
 
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leinster View Post
Nice trade @ron99 how did u come to the conclusion to get long right there what was ur thought process seasonal or weather reading or what type of info generally did u use for this ?

Fundamentals. Below normal NG inventory combined with far below normal temps.

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  #3846 (permalink)
 datahogg 
Knoxville Tennessee USA
 
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ron99 View Post
Fundamentals. Below normal NG inventory combined with far below normal temps.

May I ask what was your source for the inventory data?

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  #3847 (permalink)
 ron99 
Cleveland, OH
 
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datahogg View Post
May I ask what was your source for the inventory data?

Weekly Natural Gas Storage Report - EIA

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  #3848 (permalink)
irvino81
dade fl
 
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Hi thanks for bringing option selling up, I dont know a lot of people doing it. I have a question for you. Do you feel sometimes the quotes you are getting for your short positions come from on system with a high bias and the quotes you get for your long option positions come from another system with a low bias? I ask because sometimes I feel the broker tries to keep your short positions high or at the same level so you cannot cash in a profit and the long options you buy those loose value in a hurry. Am I being paranoid?

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  #3849 (permalink)
 ron99 
Cleveland, OH
 
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irvino81 View Post
Hi thanks for bringing option selling up, I dont know a lot of people doing it. I have a question for you. Do you feel sometimes the quotes you are getting for your short positions come from on system with a high bias and the quotes you get for your long option positions come from another system with a low bias? I ask because sometimes I feel the broker tries to keep your short positions high or at the same level so you cannot cash in a profit and the long options you buy those loose value in a hurry. Am I being paranoid?

Sorry, but you are paranoid.

Quotes for options on futures are the same from everybody.

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  #3850 (permalink)
irvino81
dade fl
 
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Hi Ron, thanks for your opinion, it is the first one I ever get on the topic and I appreciate it. So according to you, if I check tradestation futures 9.0 quotes for coffee options they are going to be the same for every broker in the planet ? Those options models are going to shoot the same numbers for everybody, every market maker is going to arrive at the same conclusion for bids and offers at all times?
Here I have a picture of my screen from a couple of minutes ago of some positions I have on oil. Some Short some long. The platform glitch repeated the 61 put. Notice the values of the bids and asks are different (Third and Fourth Columns are Bids and Asks)

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