Options education - Options on Futures | futures io social day trading
futures io futures trading


Options education
Updated: Views / Replies:14,352 / 43
Created: by jodistrict Attachments:17

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 17  
 
Thread Tools Search this Thread
 

Options education

  #11 (permalink)
Elite Member
North Port, Florida
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: IB
Favorite Futures: 6E ES
 
Tiberius's Avatar
 
Posts: 1,539 since Feb 2010
Thanks: 2,902 given, 3,330 received

Op Ed


Delta_Panther View Post
Hi Tiberius

Thanks for your explanations.

Most loose on the whole Condors as many do not recognize the two sides: Put spread and credit spread and to handle them as separate. Did not meet many people which are aware of that.

Did you ever try the following:

First defining the range on the price chart. Then defining the time which market uses for this range. Then defining the live time of the trade and the live of the option.

Now implementing the strategy with just one long leg and placing the second short leg with a limit order by the broker. If filled, then implementing the third long leg and if range is closed selling the fourth leg.

In a nut shell: First long call, then short call and long put and finally short put or vice versa if the strategy is done first with puts.

You say you use Ninja. I did not know, that Ninja can be used for Options or are this screen shots you show here from an other platform?

Delta_Panther

@Delta_Panther, thanks for the suggestions. I use Interactive Brokers (IB). The screenshots are IB TWS. I use Ninja for charting and trading, but never used NT for stock (index) selection for an Iron Condor, only Delta and six weeks. I always use limit orders. I always executed trades in halves or wholes, mostly wholes. I quit doing Iron Condors and I am doing the collared option strategy as I described above. My only advice for option players is to do credit spreads. Maybe option traders have a higher burn rate than futures traders. While we have many successful futures traders here on futures.io (formerly BMT), I know not of option traders. Tiberius

Reply With Quote
The following 3 users say Thank You to Tiberius for this post:
 
  #12 (permalink)
Elite Member
North Port, Florida
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: IB
Favorite Futures: 6E ES
 
Tiberius's Avatar
 
Posts: 1,539 since Feb 2010
Thanks: 2,902 given, 3,330 received

moe, larry, curly and shemp

The Greeks:

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).



I meant the Greeks for options:

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Reply With Quote
The following 3 users say Thank You to Tiberius for this post:
 
  #13 (permalink)
Elite Member
North Port, Florida
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: IB
Favorite Futures: 6E ES
 
Tiberius's Avatar
 
Posts: 1,539 since Feb 2010
Thanks: 2,902 given, 3,330 received

Op Ed Example


Below is my basic set-up for my IB TWS option window:

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


You can see the Greeks and my positions. I have a collared option startegy in place. I have had this strategy for many weeks. Because I have the puts and have been writing weekly calls for many weeks, I am at the point were I can't lose money. If I don't do any thing stupid, I can collect call premiums for many more weeks. During the first half of February, I will roll my puts out into the future, six months. Option premiums decay quicky during their last 30 days. And?

Today the Jan 6 '12 option series preview. The point of this post and my strategy is to close out my Dec 30 '11 calls and sell the Jan 6 calls. If nothing changes with SDS, I can buy back my Dec 30 20 calls for $1 Friday afternoon, like the 21s are listed now. And then sell the Jan 6s. My dilemma now is that I have to deal with the Delta. SDS is an inverse ETF and the market is rallying today, so SDS is drifting lower. In round numbers, if SDS declines $0.10 then the Dec 30 20 call will decline $0.01 but the Jan 6 20 call will decline $0.03. And?

In conclusion, I would like to net $25 per calendar spread. Market is at $15, bet I could get $16. Should I go for it or wait???

Reply With Quote
The following 4 users say Thank You to Tiberius for this post:
 
  #14 (permalink)
Elite Member
North Port, Florida
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: IB
Favorite Futures: 6E ES
 
Tiberius's Avatar
 
Posts: 1,539 since Feb 2010
Thanks: 2,902 given, 3,330 received

waited

From my above post I didn't go for the 6Jan12 20 call, weekly series. I sold the 20Jan12 20 call, monthly series. I wanted more premium. That was on Friday, the last trading day of 2011.

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


This is Tuesday, the first day of trading for 2012. So, what I did on Friday is worth much less today. I like to ding the weekly options, so I grabbed the profits for the 20Jan12 20 calls and sold the 20Jan6 19 calls. I hope I can make more total premiums jumping back to the weekly. I still have the puts overhead as a hedge, but I have to protect the 19 calls so not to be called away or my strategy breaks down. I will trade against the 19 strike.

Attached Files
Register to download File Type: xlsx RadioActive SDS RA_ATM.xlsx (14.3 KB, 26 views)

Last edited by Tiberius; January 3rd, 2012 at 08:08 PM.
Reply With Quote
The following 6 users say Thank You to Tiberius for this post:
 
  #15 (permalink)
Elite Member
North Port, Florida
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: IB
Favorite Futures: 6E ES
 
Tiberius's Avatar
 
Posts: 1,539 since Feb 2010
Thanks: 2,902 given, 3,330 received

New Strat

Found this new strat. Actually, someone gave it to me. If anyone wants to review it, test it or comment on it, please do. I did a tracking spreadsheet on it as I did the first trade for the option strategy.

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Attached Files
Register to download File Type: xlsx STUUD Strategy Template.xlsx (10.9 KB, 55 views)
Reply With Quote
The following 6 users say Thank You to Tiberius for this post:
 
  #16 (permalink)
Membership Revoked
Switzerland
 
Futures Experience: Advanced
Platform: Firetip
Favorite Futures: Bonds, Commodities, Indexes
 
Delta_Panther's Avatar
 
Posts: 112 since Aug 2009
Thanks: 172 given, 65 received

Hi @Tiberius

Interesting strategy. Will check the idea on my matrix to see the analyzing picture. Do not like to take trades witch I not at least once have visualized in advance.

What I wanted to ask you or any body else: Binary Options. Any comments on them ? Doe's any body here only trade with them ?

Delta_Panther

Reply With Quote
The following user says Thank You to Delta_Panther for this post:
 
  #17 (permalink)
Trading Apprentice
ISLAND SAMOA
 
Futures Experience: None
Platform: multicharts
Favorite Futures: STOCKS
 
Posts: 5 since Jan 2011
Thanks: 0 given, 1 received

For options you should look as well for Paul forchione I think he s the best.

Reply With Quote
The following user says Thank You to val2004 for this post:
 
  #18 (permalink)
Elite Member
North Port, Florida
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: IB
Favorite Futures: 6E ES
 
Tiberius's Avatar
 
Posts: 1,539 since Feb 2010
Thanks: 2,902 given, 3,330 received

Binary ..... No, I didn't trade them


Delta_Panther View Post
Hi @Tiberius

Interesting strategy. Will check the idea on my matrix to see the analyzing picture. Do not like to take trades witch I not at least once have visualized in advance.

What I wanted to ask you or any body else: Binary Options. Any comments on them ? Doe's any body here only trade with them ?

Delta_Panther

@Delta_Panther : I have two of these strategies going (IWM and SPY) And I read that @zsike has this strat for SPY in her journal. Guess we will see if they can produce over the next many weeks. I am in testing phase ............

Delta, My belief from my readings here at futures.io (formerly BMT) is that you are more knowledgeable in option strategies then myself. So keep you comments and ideas coming. I am always looking for new ideas .......................

And my latest STUUD excel template needs to be upgraded. I figured out the profit potential for STUUD that needs to be edited into the template.

Reply With Quote
The following user says Thank You to Tiberius for this post:
 
  #19 (permalink)
Trading Apprentice
ISLAND SAMOA
 
Futures Experience: None
Platform: multicharts
Favorite Futures: STOCKS
 
Posts: 5 since Jan 2011
Thanks: 0 given, 1 received

what is the edge for the STUDD strategy ?

Reply With Quote
 
  #20 (permalink)
Elite Member
hk
 
Futures Experience: Intermediate
Platform: NinjaTrader
 
Posts: 48 since Apr 2010
Thanks: 16 given, 12 received


anymore beacktest result ?

Reply With Quote

Reply



futures io > > > > Options education

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Linda Bradford Raschke: Reading The Tape

Elite only

Adam Grimes: TBA

Elite only

NinjaTrader: TBA

January

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Upcoming Webinars and Training/Education Big Mike The Elite Circle 746 November 11th, 2017 03:14 PM
Ten-thousand in Education and still not profitable! bobbyacim Trading Reviews and Vendors 334 March 20th, 2017 11:50 PM
Guest Post: The US Education Bubble Quick Summary News and Current Events 0 December 5th, 2011 10:20 PM
Education of a Speculator dutchbookmaker Off-Topic 1 August 4th, 2011 08:21 PM


All times are GMT -4. The time now is 08:39 AM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-12-12 in 0.14 seconds with 20 queries on phoenix via your IP 54.90.207.75