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Selling Options on Futures?


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Selling Options on Futures?

  #6371 (permalink)
Calamari88
Henderson, NV, USA
 
Posts: 63 since Feb 2015
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ron99 View Post
On Oct 2 I sold EW3f18p2020(2)p1780(3) for 3.15.

On Nov 1 I closed the position at 1.50. 30 days held. 2.8% ROI.

So far this year I have done 3,401 ES spreads with zero losing trades. Net profit $123,665.16.

My next trade will be EW3g18p2040(2)p1800(3).

Great work! All that back testing and research paid off. What was your biggest draw-down on those trades this year?

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  #6372 (permalink)
 ron99 
Cleveland, OH
 
Experience: Advanced
Platform: QST
Broker: QST, DeCarley Trading, Gain
Trading: Options on Futures
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Calamari88 View Post
Great work! All that back testing and research paid off. What was your biggest draw-down on those trades this year?

Max draw down was 9% but this hasn't been a typical year.


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  #6373 (permalink)
 manuel999 
Germany
 
Experience: Intermediate
Platform: TWS
Trading: Options on futures
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ron99 View Post
Max draw down was 9% but this hasn't been a typical year.

Would you say this was a good year or a not so good year?

On the one hand, ES always grinded higher. On the other hand, volatility was always low.

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  #6374 (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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manuel999 View Post
Would you say this was a good year or a not so good year?

On the one hand, ES always grinded higher. On the other hand, volatility was always low.

Average because of both of the reasons you stated.

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  #6375 (permalink)
Calamari88
Henderson, NV, USA
 
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Any guesses on if this Crude Oil rally is going to continue?

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  #6376 (permalink)
 myrrdin 
Linz Austria
 
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manuel999 View Post
Would you say this was a good year or a not so good year?

On the one hand, ES always grinded higher. On the other hand, volatility was always low.

The answer depends on your criteria for a good year.

I consider this year (until now) for an excellent year for ES put sellers regarding a good sleep. There was no major draw down that would have caused problems for the puts.

Best regards, Myrrdin

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  #6377 (permalink)
 manuel999 
Germany
 
Experience: Intermediate
Platform: TWS
Trading: Options on futures
Posts: 155 since Jul 2014
Thanks Given: 341
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myrrdin View Post
The answer depends on your criteria for a good year.

I consider this year (until now) for an excellent year for ES put sellers regarding a good sleep. There was no major draw down that would have caused problems for the puts.

Best regards, Myrrdin

That's true. The only question this year was if you sell ES puts today, when volatility is incredibly low, or tomorrow, when it will probably be even lower, all the while thinking it just can't get any lower.

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  #6378 (permalink)
 datahogg 
Knoxville Tennessee USA
 
Experience: Intermediate
Platform: TOS
Trading: ES, NQ, CL, /6E futures options.
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Calamari88 View Post
What do you all find is the best time to place orders on short options - the night before so it might get filled overnight or place them during the day session? What do you feel are the pro's and cons of each approach?

It seems that Friday afternoon can be a good time to close short positions. The bankers, etc have quit for the week
and usually IV is low. The first part of the week can be good for increased IV and maybe a time to sell.

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  #6379 (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'm thinking about ignoring my rule about keeping ES spread positions on all of the time.

Some of the rise in the stock market has been because they are thinking US corporations will be getting a huge tax cut. I suspect the road to tax cuts will have many detours. I don't trust the controlling party in US Congress to get it done as promised.

If that happens I suspect the stock market will finally have its' reason to have a major correction.

So I am going to exit my slightly profitable ES spreads next week.

I am debating whether to buy a few ES puts to make money on the crash. I will probably wait until tax cut proceedings start to falter to buy them if I do.

If tax cuts are as promised then hopefully I can get back in without missing too much profit.

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  #6380 (permalink)
uuu1965
Riga Latvia
 
Posts: 107 since Jan 2013
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ron99 View Post
I'm thinking about ignoring my rule about keeping ES spread positions on all of the time.

Some of the rise in the stock market has been because they are thinking US corporations will be getting a huge tax cut. I suspect the road to tax cuts will have many detours. I don't trust the controlling party in US Congress to get it done as promised.

If that happens I suspect the stock market will finally have its' reason to have a major correction.

So I am going to exit my slightly profitable ES spreads next week.

I am debating whether to buy a few ES puts to make money on the crash. I will probably wait until tax cut proceedings start to falter to buy them if I do.

If tax cuts are as promised then hopefully I can get back in without missing too much profit.

When they are going to accept this tax cut? Are there any deadline?

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