NexusFi: Find Your Edge


Home Menu

 





Diversified Option Selling Portfolio


Discussion in Options

Updated
      Top Posters
    1. looks_one myrrdin with 812 posts (1,274 thanks)
    2. looks_two ron99 with 207 posts (489 thanks)
    3. looks_3 manuel999 with 109 posts (108 thanks)
    4. looks_4 TraderGriz with 66 posts (26 thanks)
      Best Posters
    1. looks_one SMCJB with 2.4 thanks per post
    2. looks_two ron99 with 2.4 thanks per post
    3. looks_3 myrrdin with 1.6 thanks per post
    4. looks_4 manuel999 with 1 thanks per post
    1. trending_up 283,626 views
    2. thumb_up 2,296 thanks given
    3. group 139 followers
    1. forum 1,598 posts
    2. attach_file 93 attachments




 
Search this Thread

Diversified Option Selling Portfolio

  #1301 (permalink)
 jokertrader 
NYC, NY
 
Experience: Intermediate
Platform: Sierra, TT
Broker: N/A
Trading: Spread Researcher and crypto degen
Posts: 654 since May 2013
Thanks Given: 545
Thanks Received: 360

I have been looking at MRCI recommendations and trying to combine wi th COT data

Wondering if u have had success combining anything else? Like Elliott waves or wave theory of patterns like higher high with pullback or some technical indicator like stochas tics s on daily to time entry?

Of course less is better just seeing what u think works to filter MRci

Thanks

Visit my NexusFi Trade Journal Reply With Quote

Can you help answer these questions
from other members on NexusFi?
NT7 Indicator Script Troubleshooting - Camarilla Pivots
NinjaTrader
REcommedations for programming help
Sierra Chart
Pivot Indicator like the old SwingTemp by Big Mike
NinjaTrader
MC PL editor upgrade
MultiCharts
Better Renko Gaps
The Elite Circle
 
  #1302 (permalink)
 myrrdin 
Linz Austria
 
Experience: Advanced
Platform: TWS
Broker: Interactive Brokers
Trading: Commodities
Posts: 1,938 since Nov 2014
Thanks Given: 3,688
Thanks Received: 2,651


jokertrader View Post
I have been looking at MRCI recommendations and trying to combine wi th COT data

Wondering if u have had success combining anything else? Like Elliott waves or wave theory of patterns like higher high with pullback or some technical indicator like stochas tics s on daily to time entry?

Of course less is better just seeing what u think works to filter MRci

Thanks

No, I do not use Elliott waves. I never studied them in detail.

Sometimes I use stochastics to find an entry point, but I do not use them systematically to find promising trades.

I usually combine seasonals with S&D data and COT data, and try to find years with similar fundamental data.

Another important issue I look at: Does the actual chart look similar than the seasonal chart for the most recent months ?

Best regards, Myrrdin

Started this thread Reply With Quote
  #1303 (permalink)
rajab
westhills california US
 
Posts: 94 since May 2015
Thanks Given: 131
Thanks Received: 20


Hey myrrdin great call on silver.

On 4/11/18 opened a put contract for gold: -1OGN8 strike1500, +1OGN8 strike1550 for premium $2.00. On 4/21/18 I closed the contract for a net $1.00. Any one:
Gold seems to be range bound. What are some of the correlations you see between Gold and equites, bonds, dollar etc..

BABAK

Reply With Quote
  #1304 (permalink)
 myrrdin 
Linz Austria
 
Experience: Advanced
Platform: TWS
Broker: Interactive Brokers
Trading: Commodities
Posts: 1,938 since Nov 2014
Thanks Given: 3,688
Thanks Received: 2,651


rajab View Post
Hey myrrdin great call on silver.

On 4/11/18 opened a put contract for gold: -1OGN8 strike1500, +1OGN8 strike1550 for premium $2.00. On 4/21/18 I closed the contract for a net $1.00. Any one:
Gold seems to be range bound. What are some of the correlations you see between Gold and equites, bonds, dollar etc..

BABAK

According to data from MRCI, correlations for Gold (previous 180 trading days) are:

ES: 0.37
US:-0.69
DX: -0.84
SI: 0.34
HG: 0.29
CL: 0.51
NG:-0.16
LB: 0.60 (highest value for a growing commodity)

Best regards, Myrrdin

Started this thread Reply With Quote
  #1305 (permalink)
vmaiya73
Salt Lake City, USA
 
Posts: 88 since Jul 2011
Thanks Given: 34
Thanks Received: 62

Teaching myself how to interpret COT report and use it in trading.

Unbelievable, as per past friday's report large spec were net long 728K contracts on top of this summer season (crude oil historically goes up), isnt even here yet. I agree, either just be long the outright contract but trading by selling calls or puts is not a good idea.

thanks

VJ

Reply With Quote
  #1306 (permalink)
 myrrdin 
Linz Austria
 
Experience: Advanced
Platform: TWS
Broker: Interactive Brokers
Trading: Commodities
Posts: 1,938 since Nov 2014
Thanks Given: 3,688
Thanks Received: 2,651


vmaiya73 View Post
Teaching myself how to interpret COT report and use it in trading.

Unbelievable, as per past friday's report large spec were net long 728K contracts on top of this summer season (crude oil historically goes up), isnt even here yet. I agree, either just be long the outright contract but trading by selling calls or puts is not a good idea.

thanks

VJ

COT data is a good instrument to find out, that the next move to the right direction might be a large one. But COT data is not a good instrument for timing of this move.

Best regards, Myrrdin

Started this thread Reply With Quote
Thanked by:
  #1307 (permalink)
rajab
westhills california US
 
Posts: 94 since May 2015
Thanks Given: 131
Thanks Received: 20

Any one know why Silver is unwinding?
COT is lot less long.

BABAK
THANKS

Reply With Quote
  #1308 (permalink)
vmaiya73
Salt Lake City, USA
 
Posts: 88 since Jul 2011
Thanks Given: 34
Thanks Received: 62


rajab View Post
Any one know why Silver is unwinding?
COT is lot less long.

BABAK
THANKS

Just my opinion, but I think with the US dollar strengthening it is putting pressure on the precious metals. Gold also has been trending lower.

thanks

VJ

Reply With Quote
Thanked by:
  #1309 (permalink)
 sinpeople 
Singapore
 
Experience: Beginner
Platform: TDAmeritrade
Trading: Options On Futures
Posts: 44 since Aug 2017
Thanks Given: 4
Thanks Received: 10

Hi folks,

I have short options position on wheat z18 futures according to the recommendation of James Cordier in his 2018 JanFeb newsletter. It is C600. Now ZWZ18 is at 570.
Should I cut now?
Thank you for your comments.




Best Regards
David

Reply With Quote
  #1310 (permalink)
 myrrdin 
Linz Austria
 
Experience: Advanced
Platform: TWS
Broker: Interactive Brokers
Trading: Commodities
Posts: 1,938 since Nov 2014
Thanks Given: 3,688
Thanks Received: 2,651



sinpeople View Post
Hi folks,

I have short options position on wheat z18 futures according to the recommendation of James Cordier in his 2018 JanFeb newsletter. It is C600. Now ZWZ18 is at 570.
Should I cut now?
Thank you for your comments.




Best Regards
David

It is a good idea to define a stop before entering a trade.

Obviously you do not have an opinion on the wheat price. In this case, I would buy back the options, and take a loss.

I recently sold the WZ C700 at an average price just below 8.

Best regards, Myrrdin

Started this thread Reply With Quote




Last Updated on May 26, 2022


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
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.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts