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


Diversified Option Selling Portfolio
Updated: Views / Replies:39,685 / 824
Created: by myrrdin Attachments:56

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
 56  
 
Thread Tools Search this Thread
 

Diversified Option Selling Portfolio

  #201 (permalink)
Market Wizard
Linz Austria
 
Futures Experience: Advanced
Platform: Zaner360, Vantage, Trade Navigator
Broker/Data: DeCarley, RJO
Favorite Futures: Commodities
 
Posts: 876 since Nov 2014
Thanks: 1,259 given, 814 received
Forum Reputation: Legendary


myrrdin View Post

I rolled my options in the metals up today, and hold now:

SIU P14
SIU C26.5

GCQ P1150

Sold some GCQ C1550 to achieve a strangle.

Best regards, Myrrdin

Reply With Quote
 
  #202 (permalink)
Market Wizard
Linz Austria
 
Futures Experience: Advanced
Platform: Zaner360, Vantage, Trade Navigator
Broker/Data: DeCarley, RJO
Favorite Futures: Commodities
 
Posts: 876 since Nov 2014
Thanks: 1,259 given, 814 received
Forum Reputation: Legendary

Sold the Crude Oil Strangle CLN C54 / P38 according to a suggestion of Carley Garner.

Best regards, Myrrdin

Reply With Quote
 
  #203 (permalink)
Trading Apprentice
Zurich
 
Futures Experience: Intermediate
Platform: Amibroker
Favorite Futures: Fesx
 
Posts: 28 since Feb 2011
Thanks: 62 given, 8 received



myrrdin View Post
Sold the Crude Oil Strangle CLN C54 / P38 according to a suggestion of Carley Garner.

Best regards, Myrrdin

Where would I find the suggestions of Carley?

Thanks

Reply With Quote
The following 2 users say Thank You to Forex37 for this post:
 
  #204 (permalink)
Trading Apprentice
Zurich
 
Futures Experience: Intermediate
Platform: Amibroker
Favorite Futures: Fesx
 
Posts: 28 since Feb 2011
Thanks: 62 given, 8 received


myrrdin View Post
.....
I sell naked ES puts (approx. 100 DTE, approx. $400 per option) at the end of each week, and buy them back at 50 %. I will be out if the S&P moves below the 200 dma.

Best regards, Myrrdin

So you select the strikes just by premia, not delta, distance .... ?

Thanks and regards to Austria

Reply With Quote
The following user says Thank You to Forex37 for this post:
 
  #205 (permalink)
Market Wizard
Linz Austria
 
Futures Experience: Advanced
Platform: Zaner360, Vantage, Trade Navigator
Broker/Data: DeCarley, RJO
Favorite Futures: Commodities
 
Posts: 876 since Nov 2014
Thanks: 1,259 given, 814 received
Forum Reputation: Legendary


Forex37 View Post
So you select the strikes just by premia, not delta, distance .... ?

Thanks and regards to Austria

Yes and no. I do not select delta and distance explicitely, but if you choose the underlying future, DTE, and the option price, you end up with delta and distance in a certain order of magnitude. That is good enough for me.

I prefer spending my time selecting different commodities for option selling instead of optimizing parameters. You have to do a lot of backtesting to optimize delta etc., but it is not possible to foresee if the next severe drawdown will look like the one in August 2015 or the one in January 2016 or ... Probably it will look entirely different. So which scenario you should use for backtesting ?

Some time ago I sold options for $200 instead of $400, but had to find out that commissions and fees are too high. This has to be seen in the context that I get out of a short option trade more often than others, eg. Ron. I usually get out when the value of the Option reaches the order of magnitude of 200 % of the original value. The mmore often I get out and in again, the more important are commissions and fees.

I hope this helps. Please feel free to ask again.

Best regards to Switzerland, Myrrdin

Reply With Quote
The following user says Thank You to myrrdin for this post:
 
  #206 (permalink)
Market Wizard
Linz Austria
 
Futures Experience: Advanced
Platform: Zaner360, Vantage, Trade Navigator
Broker/Data: DeCarley, RJO
Favorite Futures: Commodities
 
Posts: 876 since Nov 2014
Thanks: 1,259 given, 814 received
Forum Reputation: Legendary


Forex37 View Post
Where would I find the suggestions of Carley?

She sends them to her customers. You can also get it from her homepage decarleytrading.com, but I would assume that this offer is limited for some weeks / months.

Best regards, Myrrdin

Reply With Quote
 
  #207 (permalink)
Market Wizard
Linz Austria
 
Futures Experience: Advanced
Platform: Zaner360, Vantage, Trade Navigator
Broker/Data: DeCarley, RJO
Favorite Futures: Commodities
 
Posts: 876 since Nov 2014
Thanks: 1,259 given, 814 received
Forum Reputation: Legendary

Bought back the LHQ C84 with a profit of approx. 20 %.

Exports were strong recently, and prices in China are extraordinarely high. In case this trend continues, these calls might be in danger. (I still expect these options to expire worthless. But risk / reward do not meet my expectations anymore.)

I placed orders to sell further KCU calls which should be filled if the current advance of the coffee price continues.

Best regards, Myrrdin

Reply With Quote
 
  #208 (permalink)
Market Wizard
Linz Austria
 
Futures Experience: Advanced
Platform: Zaner360, Vantage, Trade Navigator
Broker/Data: DeCarley, RJO
Favorite Futures: Commodities
 
Posts: 876 since Nov 2014
Thanks: 1,259 given, 814 received
Forum Reputation: Legendary

Sold the KCU C170, and placed further orders for the KCU C180 and KCU C190.

Volatility of the Brazilian currency, worries about dryness in Vietnam, and short covering are the cause for the current move up of the Coffee price. But the upcoming Coffee crop in Brazil will be huge ...

Seasonally coffee price should move downwards until the second half of June.

Next critical phase will be the blooming period in Brazil in September / October.

Best regards, Myrrdin


Last edited by myrrdin; May 11th, 2016 at 04:42 AM.
Reply With Quote
 
  #209 (permalink)
Market Wizard
Linz Austria
 
Futures Experience: Advanced
Platform: Zaner360, Vantage, Trade Navigator
Broker/Data: DeCarley, RJO
Favorite Futures: Commodities
 
Posts: 876 since Nov 2014
Thanks: 1,259 given, 814 received
Forum Reputation: Legendary

Placed orders to sell the CCU P3000 between approx. 2950 and 3050 for the Juy contract.

S&D data and seasonals favor this trade.

Best regards, Myrrdin

Reply With Quote
 
  #210 (permalink)
Market Wizard
Linz Austria
 
Futures Experience: Advanced
Platform: Zaner360, Vantage, Trade Navigator
Broker/Data: DeCarley, RJO
Favorite Futures: Commodities
 
Posts: 876 since Nov 2014
Thanks: 1,259 given, 814 received
Forum Reputation: Legendary


Sold the LHN P78 yesterday.

Cash prices should move upwards until approx. 20th of May, and the contract looks undervalued.

I intend to sell again LHQ calls at a significantly higher price level, if I get the chance.

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)

FIO Journal Challenge featuring NinjaTrader ($2,000+ of prizes)

May
 

Prototyping Python Strategies (part 2: Backtesting) w/Ran Aroussi [special time: 1PM ET]

Elite only
 

Portfolio Diversification w/Brendon Delate @ Diversify Portfolio

Elite only

An Afternoon with FIO member Softsoap (being rescheduled)

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 05:52 PM
Portfolio Trader no erocla MultiCharts 1 November 27th, 2014 10:56 AM
"DTS" Diversified Trading System - Anybody out there!? ShaunG Vendors and Product Reviews 2 July 30th, 2014 05:54 AM
Diversified Trading Systems soch Vendors and Product Reviews 3 February 18th, 2013 09:12 PM
Portfolio Construction dgresens Psychology and Money Management 3 October 25th, 2012 03:33 AM


All times are GMT -4. The time now is 11:57 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 2017-05-24 in 0.07 seconds with 19 queries on phoenix via your IP 54.146.5.196