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


Diversified Option Selling Portfolio
Started: by myrrdin Views / Replies:28,745 / 618
Last Reply: Attachments:43

Welcome to futures.io.

Welcome, Guest!

This forum was established to help traders (especially futures traders) by openly sharing indicators, strategies, methods, trading journals and discussing the psychology of trading.

We are fundamentally different than most other trading forums:
  • We work extremely hard to keep things positive on our forums.
  • We do not tolerate rude behavior, trolling, or vendor advertising in posts.
  • We firmly believe in openness and encourage sharing. The holy grail is within you, it is not something tangible you can download.
  • 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, and we will never resell your private information.

-- Big Mike

Reply
 43  
 
Thread Tools Search this Thread
 

Diversified Option Selling Portfolio

  #151 (permalink)
Market Wizard
Linz Austria
 
Futures Experience: Advanced
Platform: Zaner360, Vantage, Trade Navigator
Broker/Data: DeCarley, RJO
Favorite Futures: Commodities
 
Posts: 718 since Nov 2014
Thanks: 1,074 given, 587 received

Bought back the LHJ C76 at approx. 35 %, and added a smaller number of short LHJ C74.

Still think Hog prices will move sidewards for the next couple of weeks.

Best regards, Myrrdin

Reply With Quote
 
  #152 (permalink)
Market Wizard
Linz Austria
 
Futures Experience: Advanced
Platform: Zaner360, Vantage, Trade Navigator
Broker/Data: DeCarley, RJO
Favorite Futures: Commodities
 
Posts: 718 since Nov 2014
Thanks: 1,074 given, 587 received


myrrdin View Post
Bought back the KCK C150 with a profit of 84 %.

Intend to sell KCN calls on a move higher. Assume coffee prices will move sidewards for a while, as production figures from Brazil look very high.

Best regards, Myrrdin

Sold the KCN C155 on todays bounce (see above).

Best regards, Myrrdin

Reply With Quote
 
  #153 (permalink)
Market Wizard
Linz Austria
 
Futures Experience: Advanced
Platform: Zaner360, Vantage, Trade Navigator
Broker/Data: DeCarley, RJO
Favorite Futures: Commodities
 
Posts: 718 since Nov 2014
Thanks: 1,074 given, 587 received


Took profit for the LCQ P110 at approx. 70 % of the original value, and "rolled" it into the LCM P126.

Why the LCM instead of the LCQ, although I am a little bit more bullish the LCQ ? After the recent Cattle on Feed-Report the uncertainties for the June contract regarding cattle on feed more or less vanished.

Best regards, Myrrdin

Reply With Quote
 
  #154 (permalink)
Market Wizard
Linz Austria
 
Futures Experience: Advanced
Platform: Zaner360, Vantage, Trade Navigator
Broker/Data: DeCarley, RJO
Favorite Futures: Commodities
 
Posts: 718 since Nov 2014
Thanks: 1,074 given, 587 received

Sold the WN C6.

There is a lot of wheat around the world. Sales from the US are modest at best. Seasonals show the way southwards until end of June in the 5-, 15-, and 30-years pattern.

Wednesday there is the USDA S&D report. I do not expect a bullish surprize for wheat, but traders should be careful going into this report with a large lot of short options.

I do not expect a price of more than $5.25 for July wheat, unless there is a severe (!) weather problem. This is the price region where I place my (mental) stop.

Best regards, Myrrdin

Reply With Quote
The following user says Thank You to myrrdin for this post:
 
  #155 (permalink)
Market Wizard
Linz Austria
 
Futures Experience: Advanced
Platform: Zaner360, Vantage, Trade Navigator
Broker/Data: DeCarley, RJO
Favorite Futures: Commodities
 
Posts: 718 since Nov 2014
Thanks: 1,074 given, 587 received

Futures Edge on FIO

Which products do you trade?

 
I intend to sell Natural Gas puts, probably the NGM P1.5 . In my opinion, all bad news should be priced in.

Seasonals show upwards in the 5-, 15-, and 26-years time frame. Additionally, 5 years which correlate well with 2016, show the move-up in early March.

According to Hightower, NG price is at a level that makes it interesting for power plants to switch from Coal to Natural Gas.

Current price of the June contract is around 1.9 .

I intend to liquidate the short options on a close below the march low.

Best regards, Myrrdin

Reply With Quote
 
  #156 (permalink)
Market Wizard
Linz Austria
 
Futures Experience: Advanced
Platform: Zaner360, Vantage, Trade Navigator
Broker/Data: DeCarley, RJO
Favorite Futures: Commodities
 
Posts: 718 since Nov 2014
Thanks: 1,074 given, 587 received


myrrdin View Post
I intend to sell Natural Gas puts, probably the NGM P1.5 .

Sold the NGM P1.6 at 0.45 .

Best regards, Myrrdin

Reply With Quote
 
  #157 (permalink)
Market Wizard
Linz Austria
 
Futures Experience: Advanced
Platform: Zaner360, Vantage, Trade Navigator
Broker/Data: DeCarley, RJO
Favorite Futures: Commodities
 
Posts: 718 since Nov 2014
Thanks: 1,074 given, 587 received

Sold the SIN C21 / P12 strangle according to a suggestion of James Cordier in his newsletter, which includes some details on this suggestion.

Best regards, Myrrdin

Reply With Quote
 
  #158 (permalink)
Market Wizard
Linz Austria
 
Futures Experience: Advanced
Platform: Zaner360, Vantage, Trade Navigator
Broker/Data: DeCarley, RJO
Favorite Futures: Commodities
 
Posts: 718 since Nov 2014
Thanks: 1,074 given, 587 received


myrrdin View Post
Sold the NGM P1.6 at 0.45 .

Best regards, Myrrdin

Bought back the NGM C1.6 with a profit of approx. 35 %. Nice trade - closed within two days.

Natural Gas Price can show severe moves on Sunday's opening in case the weather forecast changes during the weekend. And These moves can go againsst you.

Best regards, Myrrdin


Last edited by myrrdin; March 11th, 2016 at 03:04 PM.
Reply With Quote
 
  #159 (permalink)
Market Wizard
Linz Austria
 
Futures Experience: Advanced
Platform: Zaner360, Vantage, Trade Navigator
Broker/Data: DeCarley, RJO
Favorite Futures: Commodities
 
Posts: 718 since Nov 2014
Thanks: 1,074 given, 587 received


myrrdin View Post
Sold the KCN C155 on todays bounce (see above).

Best regards, Myrrdin

Bought back the KCM C150 and KCN C155 at a loss of approx. 50 % and 80 %, respectively. Price of the KCN Futures closed above the stop loss, the high of early February.

On the one hand, short time coffee supply is limited, on the other hand there will probably be a huge coffee crop in Brazil in July.

I intend to sell further coffee calls at a higher price Level.

Best regards, Myrrdin


Last edited by myrrdin; March 15th, 2016 at 10:25 AM.
Reply With Quote
 
  #160 (permalink)
Market Wizard
Linz Austria
 
Futures Experience: Advanced
Platform: Zaner360, Vantage, Trade Navigator
Broker/Data: DeCarley, RJO
Favorite Futures: Commodities
 
Posts: 718 since Nov 2014
Thanks: 1,074 given, 587 received



myrrdin View Post
Bought back the KCM C150 and KCN C155 at a loss of approx. 50 % and 80 %, respectively. Price of the KCN Futures closed above the stop loss, the high of early February.

On the one hand, short time coffee supply is limited, on the other hand there will probably be a huge coffee crop in Brazil in July.

I intend to sell further coffee calls at a higher price Level.

Best regards, Myrrdin

Back in the Coffee trade with half a lot KCU C180. Intend to add at higher prices.

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)

2016 True Edge Awards: Voting is open until Jan 21!

Now
 

An Afternoon with FIO member Massive l

Elite only
 

Anthony Drager: Pulling the trigger with confidence

Elite only
 

Leo Murphy: The Art and Science of Technical Analysis

Elite only
 

FuturesTrader71: Ask Me Anything

Elite only
     

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 Vendors and Product Reviews 2 July 30th, 2014 06:54 AM
Diversified Trading Systems soch Vendors and Product Reviews 3 February 18th, 2013 10:12 PM
Portfolio Construction dgresens Psychology and Money Management 3 October 25th, 2012 04:33 AM


All times are GMT -4. The time now is 08:35 PM.

no new posts
Page generated 2017-01-18 in 0.12 seconds with 21 queries on phoenix via your IP 184.73.21.101