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Selling Options on Futures?


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Selling Options on Futures?

  #6221 (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

On 6/29/17 I sold EW3v7p1940(2)p1720(3) for 4.25. Exited today at 2.00. 20 days held. Used 4xIM. mROI was 6.9%

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  #6222 (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

Today July 20 I sold EW3v7p2020(2)p1800(3) for 2.55. 4xIM. IM is 422.

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  #6223 (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


For the life of me I just don't know what is currently driving the market rally. I know this is not the Forum to discuss speculation on stock market price but I am curious to know if people are treating this rally different from others. My current position is very close to aging out so I am debating on whether to open another one of the same size or wait for the inevitable volatility Spike that comes late summer or early fall.

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  #6224 (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
For the life of me I just don't know what is currently driving the market rally. I know this is not the Forum to discuss speculation on stock market price but I am curious to know if people are treating this rally different from others. My current position is very close to aging out so I am debating on whether to open another one of the same size or wait for the inevitable volatility Spike that comes late summer or early fall.

Treating ES same as always. Never know which way it will go. I'm sure some thought ES would have dropped by now this year. They were wrong.

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  #6225 (permalink)
 myrrdin 
Linz Austria
 
Experience: Advanced
Platform: TWS
Broker: Interactive Brokers
Trading: Commodities
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rsm005 View Post
For the life of me I just don't know what is currently driving the market rally. I know this is not the Forum to discuss speculation on stock market price but I am curious to know if people are treating this rally different from others. My current position is very close to aging out so I am debating on whether to open another one of the same size or wait for the inevitable volatility Spike that comes late summer or early fall.

I do not think anybody can predict when the volatility spike will come.

Ron's trading concept and other similar concepts work, because he is invested long enough to make enough profits to "survive" the draw-downs profitably. I do not think it will work if you omit some trades.

The only point one can discuss in my opinion is where to place a stop.

Best regards, Myrrdin

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  #6226 (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

I have one account that trades almost exclusively my ES put spreads.

Starting June 29, 2016 it made 20 spread trades. All except the last one was short one and long 2 using 6xIM. Last one was short 2 and long 3 using 4xIM.

Through July 12, 2017 the account is up 21.8% actual. No losing trades.

It's not the sky high ROI from the past but it is very good compared to other forms of investment. If I tell someone who is not a trader that I am only making 21% per year they ask me where do I send the money to to start.

I have learned over the years to throttle down my expectations and be happy with 20% per year. Especially since it is low risk and not many sleepless nights.

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  #6227 (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

Off topic

I actually just bought an RV and will be starting to travel and trade from the RV. Made sure it has Wifi extender and 4G so I have good internet in many places.

MY ES put strategy, which doesn't take a lot of hands on daily effort, should work well when traveling. My cellphone has an app from a broker with real time futures prices so I can watch even when not near RV.

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  #6228 (permalink)
 Captain135 
Bay Area, CA
 
Experience: Intermediate
Platform: TradeStation, TOS
Trading: Futures, Equities, Options on Futures
Posts: 48 since Feb 2017
Thanks Given: 53
Thanks Received: 30


rsm005 View Post
For the life of me I just don't know what is currently driving the market rally. I know this is not the Forum to discuss speculation on stock market price but I am curious to know if people are treating this rally different from others. My current position is very close to aging out so I am debating on whether to open another one of the same size or wait for the inevitable volatility Spike that comes late summer or early fall.

Earnings continue to be strong. PE is on the high side, but no where near as much as the dot com bubble. Why do you say there will be an inevitable volatility spike in late summer or fall? There are no seasonal tendencies in vix.

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  #6229 (permalink)
 myrrdin 
Linz Austria
 
Experience: Advanced
Platform: TWS
Broker: Interactive Brokers
Trading: Commodities
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Thanks Given: 3,686
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ron99 View Post
Off topic

I actually just bought an RV.

Sorry - a simple question from a non-native speaker: What is an RV ?

Best regards, Myrrdin

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  #6230 (permalink)
 datahogg 
Knoxville Tennessee USA
 
Experience: Intermediate
Platform: TOS
Trading: ES, NQ, CL, /6E futures options.
Posts: 346 since Oct 2012
Thanks Given: 135
Thanks Received: 154



ron99 View Post
I have one account that trades almost exclusively my ES put spreads.

Starting June 29, 2016 it made 20 spread trades. All except the last one was short one and long 2 using 6xIM. Last one was short 2 and long 3 using 4xIM.

Through July 12, 2017 the account is up 21.8% actual. No losing trades.

It's not the sky high ROI from the past but it is very good compared to other forms of investment. If I tell someone who is not a trader that I am only making 21% per year they ask me where do I send the money to to start.

I have learned over the years to throttle down my expectations and be happy with 20% per year. Especially since it is low risk and not many sleepless nights.

I don't think I have heard you say, but I think you were hit hard in August of 2015 like a lot of people.

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