Diversified Option Selling Portfolio - Options on Futures | futures io social day trading
futures io futures trading


Diversified Option Selling Portfolio
Updated: Views / Replies:104,789 / 1,414
Created: by myrrdin Attachments:88

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 100,000 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
 88  
 
Thread Tools Search this Thread
 

Diversified Option Selling Portfolio

  #1411 (permalink)
Market Wizard
Linz Austria
 
Trading Experience: Advanced
Platform: Zaner360, TWS, Vantage
Broker/Data: DeCarley, IAB, RJO
Favorite Futures: Commodities
 
Posts: 1,413 since Nov 2014
Thanks: 1,761 given, 1,753 received
Forum Reputation: Legendary

I started again selling of strangles in Natural Gas this year. ( I generally do not sell strangles in F, G, H.)

Sold the NGK C3.25/P2.4 at $660 each, and intend to buy them back at and roll at 50 %.

Best regards, Myrrdin

Reply With Quote
The following 3 users say Thank You to myrrdin for this post:
 
  #1412 (permalink)
Market Wizard
Linz Austria
 
Trading Experience: Advanced
Platform: Zaner360, TWS, Vantage
Broker/Data: DeCarley, IAB, RJO
Favorite Futures: Commodities
 
Posts: 1,413 since Nov 2014
Thanks: 1,761 given, 1,753 received
Forum Reputation: Legendary

Today I bought (!) cheap options for the first time in a while - two positions of cheap lottery tickets.

SN P8, which should make money in case the US and China do not get together in the near future.

ESH C2800, which should make money in case the US and China get together within the next two months.

I will sell half of each position, when its value has doubled. In this case, the other half will be a free trade.

Best regards, Myrrdin

Reply With Quote
The following 2 users say Thank You to myrrdin for this post:
 
  #1413 (permalink)
Market Wizard
Linz Austria
 
Trading Experience: Advanced
Platform: Zaner360, TWS, Vantage
Broker/Data: DeCarley, IAB, RJO
Favorite Futures: Commodities
 
Posts: 1,413 since Nov 2014
Thanks: 1,761 given, 1,753 received
Forum Reputation: Legendary


I currently hold the following short options positions:

CN P3.90
I had taken profit on the CH P3.80. High supply and high demand. I assume that soon the market will concentrate more on demand, and that the huge supply is more or less priced. Seasonally the price in March should be higher than the price in September. I intend to take profit at 25 %.

LCM C120
I am bearish LC for the next couple of months. The futures are overpriced. Additionally, due to the cold temperatures recently, some consumption was lost, and will not be replaced.

LHJ P56/C72
I had sold the C72 some time ago, and added the P56 recently. The spread should expire worhless. I intend to buy it back at 25 %.

KCK P1, KCN P1
Smaller crop 2019/2020 in Brazil, smaller than expected crop in Vietnam, and problems at some minor producers should limit downside. COT data - when published again - should be bullish. I intend to take profit at 25 %.

At my "targets" I usually place intraday limit orders. In case of changing fundamentals or unexpected price behaviour I might exit earlier.

Currently the majority of my positions is futures or future spreads.

Best regards, Myrrdin

Reply With Quote
The following user says Thank You to myrrdin for this post:
 
  #1414 (permalink)
Trading Apprentice
Hannover Germany
 
Trading Experience: Intermediate
Platform: TWS
Broker/Data: IB only
Favorite Futures: FOPs
 
Posts: 2 since Aug 2018
Thanks: 3 given, 1 received


myrrdin View Post
I currently hold the following short options positions:

CN P3.90
I had taken profit on the CH P3.80. High supply and high demand. I assume that soon the market will concentrate more on demand, and that the huge supply is more or less priced. Seasonally the price in March should be higher than the price in September. I intend to take profit at 25 %.

LCM C120
I am bearish LC for the next couple of months. The futures are overpriced. Additionally, due to the cold temperatures recently, some consumption was lost, and will not be replaced.

LHJ P56/C72
I had sold the C72 some time ago, and added the P56 recently. The spread should expire worhless. I intend to buy it back at 25 %.

KCK P1, KCN P1
Smaller crop 2019/2020 in Brazil, smaller than expected crop in Vietnam, and problems at some minor producers should limit downside. COT data - when published again - should be bullish. I intend to take profit at 25 %.

At my "targets" I usually place intraday limit orders. In case of changing fundamentals or unexpected price behaviour I might exit earlier.

Currently the majority of my positions is futures or future spreads.

Best regards, Myrrdin

Myrrdin,

thx again for granting insight into your portfolio. In Coffee I did the same, further down and only the one closer in time (KCK P0,95 and 0,975).

TP at 25% you mean to gain 75%, right?

Thx.

M.

Reply With Quote
The following user says Thank You to MGGer for this post:
 
  #1415 (permalink)
Market Wizard
Linz Austria
 
Trading Experience: Advanced
Platform: Zaner360, TWS, Vantage
Broker/Data: DeCarley, IAB, RJO
Favorite Futures: Commodities
 
Posts: 1,413 since Nov 2014
Thanks: 1,761 given, 1,753 received
Forum Reputation: Legendary


MGGer View Post
Myrrdin,

thx again for granting insight into your portfolio. In Coffee I did the same, further down and only the one closer in time (KCK P0,95 and 0,975).

TP at 25% you mean to gain 75%, right?

Thx.

M.

Correct. I will take 75 % of the potential profit, and then probably sell further KCN puts.

I do not like holding short options close to expiry becaues of the Gamma risk.

Best regards, Myrrdin

Reply With Quote

Reply



futures io > > > > Diversified Option Selling Portfolio

Thread Tools Search this Thread
Search this Thread:

Advanced Search



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

Journal Challenge $1600 in Prizes & Free Journalytix for all participants!

February
 

Trading Resolutions for 2019 - Avoiding Mistakes w/GFF Brokers

Feb 19
 

3 Excellent Entries, and How To Automate Them w/Kevin Davey

Feb 21
 

The Driving Force Behind the Market w/Earn2Trade

Mar 5
 

TBA w/Stage5 & iSystems

Mar 12
 

TBA w/John Grady @ No BS Day Trading

Mar 19
 

Day Trading Oil Futures: Reducing Risk & Increasing Profits w/DTN IQFeed

Mar 26
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Webinar: Option Selling with and without insurance w/Carley Garner Big Mike Options on Futures 50 March 24th, 2015 06:52 PM
Portfolio Trader no erocla MultiCharts 1 November 27th, 2014 11:56 AM
"DTS" Diversified Trading System - Anybody out there!? ShaunG Trading Reviews and Vendors 2 July 30th, 2014 06:54 AM
Diversified Trading Systems soch Trading Reviews and Vendors 3 February 18th, 2013 10:12 PM
Portfolio Construction dgresens Psychology and Money Management 3 October 25th, 2012 04:33 AM


Tags
algo, ats, average, barchart, brokers, buy, cfd, chat, cme, commission, commodities, correlation, cot, crude, crude oil, data, dax, delete, delta, dow, el, elite, ema, email, es, eurex, european futures, eurostoxx, feedback, forex, ftse, futures, goldman sachs, greeks, guru, index futures, indicator, information, institutional, journal, ladder, margin, metals, natural gas, oil futures, open interest, orders, paper trading, patterns, portfolio, position size, profitable, psychology, resistance, risk reward, s-p-500, scan, sentiment, short, silver, sp, split, spread, spreads, standing, statistics, stop loss, strategy, strength, supply and demand, support, swing, switch, systems, take profit, tastytrade, tick, trading, trend, underlying, us brokers, vix, volatility, volume, watchlist, xls

All times are GMT -4. The time now is 04:20 PM. (this page content is cached, log in for real-time version)

Copyright © 2019 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432 WhatsApp Business, 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 2019-02-15 in 0.14 seconds with 14 queries on phoenix