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Diversified Option Selling Portfolio


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Diversified Option Selling Portfolio

  #221 (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

Got out of the Cocoa trade with a small profit of approx. 15 %. Fundamentals (supply & demand date) are more bearish now.

Best regards, Myrrdin

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  #222 (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

Bought back the Gold puts at +/- 0, and some ES puts at a profit of 30 - 50 %. Uncertainty about a rate hike might cause large moves and high volatility, which again might yield good entry points. Thus, I reduced the number of open trades.

Intend to re-enter these markets.

Best regards, Myrrdin

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  #223 (permalink)
uuu1965
Riga Latvia
 
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myrrdin View Post
Bought back the Gold puts at +/- 0, and some ES puts at a profit of 30 - 50 %. Uncertainty about a rate hike might cause large moves and high volatility, which again might yield good entry points. Thus, I reduced the number of open trades.

Intend to re-enter these markets.

Best regards, Myrrdin

I just want to ask about volatility: where you look for vol chart?

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  #224 (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


uuu1965 View Post
I just want to ask about volatility: where you look for vol chart?

I get volatility charts from MRCI. They provide charts for historical and implied volatility for a large number of commodities, including longtime charts and seasonals.

Their main topic is seasonals for futures and future spreads.

In my opinion MRCI is a very valuable site for option sellers. Price is very reasonable, and, as far as I know, you can get a free test for some weeks.

Best regards, Myrrdin

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  #225 (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

Took 65 % profit on the Coffee calls. I intend to sell again at higher level if given the chance.

The options expire in August, and it would have been a long time for only a small part of the potential profit.

Best regards, Myrrdin

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  #226 (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

Sold the CLV C65.

Volatility should come down after the OPEC meeting this week.

Intend to hold the position until a close above $55.

Best regards, Myrrdin

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  #227 (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

Bought the NGV C2.7, and sold the NGV C2.8 and NGV 2.9 to achieve a moderate short position. Together with the corresponding long positions, the result is kind of a conservative strangle.

The position is profitable below 3.0 at the expiry of the October contract.

Best regards, Myrrdin

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  #228 (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

Sold the GCV P1100.

Best regards, Myrrdin

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  #229 (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

Bought the NGV C2.8, and sold the NGV C2.9 and NGV 3.0 to achieve a moderate short position. Together with the corresponding long positions, the result is kind of a conservative strangle.

The position is profitable below 3.1 at the expiry of the October contract.

Bought back the August NG put position at a profit of almost 100 %.

Best regards, Myrrdin

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  #230 (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


With a big supply to absorb later this year, December hog prices should not move much higher.

Sold the LHZ C68 for 2.00.

Best regards, Myrrdin

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Last Updated on May 26, 2022


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