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Diversified Option Selling Portfolio
Started:September 6th, 2015 (11:22 AM) by myrrdin Views / Replies:26,397 / 581
Last Reply:December 2nd, 2016 (01:20 PM) Attachments:38

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Diversified Option Selling Portfolio

Old March 28th, 2016, 12:12 PM   #171 (permalink)
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Bought back the CLK C40 at the same price I had sold it. Risk reward do not seem to be in balance anymore.

Best regards, Myrrdin

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Old March 28th, 2016, 01:55 PM   #172 (permalink)
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Bought back:

LHJ P64 with a profit of approx. 90 %.
LCJ C140 with a profit of approx. 95 %.
Strangle LHJ C70 / P70 with a profit of approx. 50 %.

Best regards, Myrrdin

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Old March 29th, 2016, 11:08 AM   #173 (permalink)
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Hedged my long cattle positions partially with the short LCK C130.

I assume that cattle prices (June, August contracts) will move upwards gradually, showing ups and downs.

Best regards, Myrrdin

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Old March 29th, 2016, 12:52 PM   #174 (permalink)
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Bought back the LHJ C74 with a profit of approx. 85 %.

Added to the short LHQ C84 position. Fridays Hogs Report came in as expected. I assume that the LHQ contract will move sidewards / downwards from now on.

Best regards, Myrrdin

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Old March 29th, 2016, 01:16 PM   #175 (permalink)
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Futures Edge on FIO
Bought back the LCJ C138 with a profit of approx. 85 %.

I prefer buying back options short time before expiration in case they are not far out of the money to avoid the risk of sharp moves on the expiration day.

Best regards, Myrrdin

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Old March 30th, 2016, 10:49 AM   #176 (permalink)
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Bought back the corn position (short CU C450 and 1 Long future per 5 Options) with a small profit. The monthly USDA Report will be out tomorrow, 11.00 am Chicago time / 18.00 Central European Time. This report is well known for causing large moves in corn and beans. Winter wheat prices do not show such strong moves, as acreage is fixed.

I also intend to buy back the Gold puts today, as Fridays Jobs Report could send Gold prices significantly lower. I might re-enter at a lower level.

Best regards, Myrrdin

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Old March 31st, 2016, 09:59 AM   #177 (permalink)
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Intend to sell the WN P4.20 before the USDA report to achieve a strangle together with my WN C6 . I do not expect a large move in wheat after todays USDA report. But volatility should come down.

Best regards, Myrrdin

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Old March 31st, 2016, 10:38 AM   #178 (permalink)
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Bought back the LHJ P68 with a profit of approx. 55 %.

A strong move down of corn prices following todays USDA report could bring hog prices down severely, and my April hog options would end up in the money with only 2 weeks to go.

Best regards, Myrrdin

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Old March 31st, 2016, 11:39 AM   #179 (permalink)
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Today at 11.00 am Chicago time (18.00 Central European Time) the March USDA report is published. This report is well known for causing large moves in corn and beans. I do not like being short options when such report is published.

Thus, I liquidated all my corn positions (currently I do not hold soybeans positions), and sold some wheat puts to achieve a strangle in wheat (see below).

Best regards, Myrrdin

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Old April 1st, 2016, 10:49 AM   #180 (permalink)
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Rolled out the WN C6 / P4.2 strangle to WU C6 / P4.4. Took profit for the July contracts of approx. 35 %.

Now that the march USDA report is out of the way wheat prices should continue more or less sideways.

My plan is to get out on a close below the March low or above the December high.

I currently do not want to hold short options in corn or beans, as these commodities could show larger moves due to weather. Wheat is grown in many parts of the world, thus, critical weather in one country is potentially compensated by better weather somewhere else.

Best regards, Myrrdin

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