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Selling Options on Futures?


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Selling Options on Futures?

  #5611 (permalink)
 rsm005 
vancouver BC/Canada
 
Experience: Beginner
Platform: Zaner360, OX
Broker: DeCaley
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ron99 View Post
Since ES is moving up this morning I took off my extra long puts. Made 1.00 profit.

I will probably add them back on next week for Fed announcement.

Ron,


when did you put them on? did you share your thoughts on why you put on extra puts when you did?

Thanks,
/rsm005/

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  #5612 (permalink)
 ron99 
Cleveland, OH
 
Experience: Advanced
Platform: QST
Broker: QST, DeCarley Trading, Gain
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rsm005 View Post
Ron,


when did you put them on? did you share your thoughts on why you put on extra puts when you did?

Thanks,
/rsm005/

Sorry I posted the trade in other thread.


I entered near to closing on Friday. Bought ESv6p1800. Bought one month in front of current Nov positions because it was a higher strike and higher delta.

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  #5613 (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



ron99 View Post
Sorry I posted the trade in other thread.


I entered near to closing on Friday. Bought ESv6p1800. Bought one month in front of current Nov positions because it was a higher strike and higher delta.

Ya..I didn't see the drop until later in the day...was stuck in meetings at work. By the time it happened it was already too late.

/rsm005/

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  #5614 (permalink)
 ron99 
Cleveland, OH
 
Experience: Advanced
Platform: QST
Broker: QST, DeCarley Trading, Gain
Trading: Options on Futures
Posts: 3,081 since Jul 2011
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rsm005 View Post
Ya..I didn't see the drop until later in the day...was stuck in meetings at work. By the time it happened it was already too late.

/rsm005/

I bought them at 2:44 and 3:06 ET

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  #5615 (permalink)
 myrrdin 
Linz Austria
 
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The USDA Report was bearish corn, beans and cotton.

Sold the SF C11 after the report.

Best regards, Myrrdin

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  #5616 (permalink)
 rsm005 
vancouver BC/Canada
 
Experience: Beginner
Platform: Zaner360, OX
Broker: DeCaley
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@ron99

Do you trade full time? Are you watching your screens all day or do you have a day job? Just curious more than anything else.

Thanks,
/rsm005/

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  #5617 (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
@ron99

Do you trade full time? Are you watching your screens all day or do you have a day job? Just curious more than anything else.

Thanks,
/rsm005/

Trade full time since Aug 2001.

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  #5618 (permalink)
rajab
westhills california US
 
Posts: 94 since May 2015
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Thinking of opening a small position. Today.

ES..

Sell 10 contracts of 1850 Dec puts.
Buy 20 contracts of 1550 Dec puts.

Ron mentioned a while back something about the first half of September not being so good for selling ES historically.

Should I wait till after Fed meeting or decrease my Delta or both

thoughts?
Thanks

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  #5619 (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


rajab View Post
Thinking of opening a small position. Today.

ES..

Sell 10 contracts of 1850 Dec puts.
Buy 20 contracts of 1550 Dec puts.

Ron mentioned a while back something about the first half of September not being so good for selling ES historically.

Should I wait till after Fed meeting or decrease my Delta or both

thoughts?
Thanks

No, I said selling for first half of Sep was good. Selling now is bad. Wait until beginning of Oct to sell.

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  #5620 (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


Here is what happened when Fed raised interest rates on 12/16/15. It was up on day it was announced then crashed 72 the next 2 days. But 5 days later it was back up.

12/15/15 2037
12/16/15 2064
12/17/15 2025
12/18/15 1992

12/23/15 2053

12/29/15 2073



So if they raise the rates then I will wait for crash and then sell ES puts.

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Last Updated on July 28, 2023


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