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


Diversified Option Selling Portfolio
Updated: Views / Replies:63,087 / 1,178
Created: by myrrdin Attachments:78

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 90,000 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
 78  
 
Thread Tools Search this Thread
 

Diversified Option Selling Portfolio

  #231 (permalink)
Trading for Fun
Riga Latvia
 
Futures Experience: Intermediate
Platform: Zaner 360
Favorite Futures: commodyties
 
Posts: 100 since Jan 2013
Thanks: 367 given, 70 received


myrrdin View Post
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

I have short straddle on HE Q6 80 (com premium = 5.65) from 05/30.

Reply With Quote
The following user says Thank You to uuu1965 for this post:
 
  #232 (permalink)
Market Wizard
Linz Austria
 
Futures Experience: Advanced
Platform: Zaner360, TWS, Vantage
Broker/Data: DeCarley, IAB, RJO
Favorite Futures: Commodities
 
Posts: 1,087 since Nov 2014
Thanks: 1,440 given, 1,290 received
Forum Reputation: Legendary


uuu1965 View Post
I have short straddle on HE Q6 80 (com premium = 5.65) from 05/30.

My current forecast for the LHQ price at expiry is 77.50. In this case, your straddle would clearly be profitable.

Meat options have a strong tendency to end at a price level where most options expire worthless. From this point of view, the LHQ should be between 78 and 82 at the time of expiry of LHQ options. But of course open interest for the different strike prices can change until the expiry date.

Good luck !

Best regards, Myrrdin

PS: The HE futures are the same than the LH futures. LH is used in the pit, HE in the electronic market.

Reply With Quote
The following user says Thank You to myrrdin for this post:
 
  #233 (permalink)
Market Wizard
Linz Austria
 
Futures Experience: Advanced
Platform: Zaner360, TWS, Vantage
Broker/Data: DeCarley, IAB, RJO
Favorite Futures: Commodities
 
Posts: 1,087 since Nov 2014
Thanks: 1,440 given, 1,290 received
Forum Reputation: Legendary


Sold again coffee calls, this time the KCU C155.

The Job Report was very weak, and a weak economy means that not so much coffee is bought. The contract is for Arabica coffee, which is the more expensive one compared to Robusta.

Best regards, Myrrdin

Reply With Quote
The following user says Thank You to myrrdin for this post:
 
  #234 (permalink)
Market Wizard
Cleveland, OH
 
Futures Experience: Advanced
Platform: QST
Broker/Data: QST, DeCarley Trading, Gain
Favorite Futures: Options on Futures
 
Posts: 2,720 since Jul 2011
Thanks: 792 given, 4,763 received
Forum Reputation: Legendary

myrrdin, you look to be doing well this year. Can I ask your ROI for this year?

Reply With Quote
 
  #235 (permalink)
Market Wizard
Linz Austria
 
Futures Experience: Advanced
Platform: Zaner360, TWS, Vantage
Broker/Data: DeCarley, IAB, RJO
Favorite Futures: Commodities
 
Posts: 1,087 since Nov 2014
Thanks: 1,440 given, 1,290 received
Forum Reputation: Legendary


ron99 View Post
myrrdin, you look to be doing well this year. Can I ask your ROI for this year?

Definitely 2016 is a good year for my option selling portfolio.

Profit is approx. 35 % (closed trades only, before fees) until today. This percentage is related to the account size end of 2015. (Total account, approx. 1/4 of the account was used for outright or spread trades.)

Unfortunately my other trading activities (outrights, spreads) were not as successful and reduce the profit of my option selling activities. Thus, I decided to reduce these activities significantly some weeks ago. I might stop them entirely.

Regarding option selling the keys were to stay out of currency trades (see my contribution from about a year ago - I am simply not successful in selling options on currency futures), and to keep lot sizes small. On a quick view I find only three loosing trades that make me unhappy, because they were either managed improperly or I should not have entered them.

I will compile a more detailed report at the end of Q2. But feel free to ask if there remain open questions.

Best regards, Myrrdin

Reply With Quote
The following 7 users say Thank You to myrrdin for this post:
 
  #236 (permalink)
Elite Member
London, United Kingdom
 
Futures Experience: Intermediate
Platform: N/A
Broker/Data: Bloomberg
Favorite Futures: Energies
 
CobblersAwls's Avatar
 
Posts: 283 since Jul 2014
Thanks: 970 given, 362 received


myrrdin View Post
Regarding option selling the keys were to stay out of currency trades (see my contribution from about a year ago - I am simply not successful in selling options on currency futures)


Have you considered buying options in ccy futs, perhaps in very small size, just to test out how well it works for you? If you were consistently losing, applying the same methods but buying instead might prove profitable.

Reply With Quote
The following user says Thank You to CobblersAwls for this post:
 
  #237 (permalink)
Market Wizard
Linz Austria
 
Futures Experience: Advanced
Platform: Zaner360, TWS, Vantage
Broker/Data: DeCarley, IAB, RJO
Favorite Futures: Commodities
 
Posts: 1,087 since Nov 2014
Thanks: 1,440 given, 1,290 received
Forum Reputation: Legendary


CobblersAwls View Post
Have you considered buying options in ccy futs, perhaps in very small size, just to test out how well it works for you? If you were consistently losing, applying the same methods but buying instead might prove profitable.

Perhaps.

But my trading style already takes a lot of time as I have to study fundamentals for many different commodities. Thus, I prefer to work with only one trading method, that is successful for me - option selling.

The way we trade successfully is related to our personality. And for me selling options works for many years.

Best regards, Myrrdin

Reply With Quote
The following 3 users say Thank You to myrrdin for this post:
 
  #238 (permalink)
Market Wizard
Linz Austria
 
Futures Experience: Advanced
Platform: Zaner360, TWS, Vantage
Broker/Data: DeCarley, IAB, RJO
Favorite Futures: Commodities
 
Posts: 1,087 since Nov 2014
Thanks: 1,440 given, 1,290 received
Forum Reputation: Legendary

Added to the short KCU C155.

The only reason for the move up on Friday seems to be USD weakness.

Weather forecast for Vietnam looks better now, rain problems in Brazil causing less transports of coffee to the coast seem to be a temporary problem.

Best regards, Myrrdin

Reply With Quote
 
  #239 (permalink)
Market Wizard
Linz Austria
 
Futures Experience: Advanced
Platform: Zaner360, TWS, Vantage
Broker/Data: DeCarley, IAB, RJO
Favorite Futures: Commodities
 
Posts: 1,087 since Nov 2014
Thanks: 1,440 given, 1,290 received
Forum Reputation: Legendary

Sold the WU C6.

Wheat prices moved upwards with the move down of the USD, but fundamentals (weather, S&D) are very bearish. Severe weather problems in one of the major wheat producing countries of the Northern Hemisphere would be necessary to turn the outlook bullish.

Best regards, Myrrdin

Reply With Quote
 
  #240 (permalink)
Market Wizard
Linz Austria
 
Futures Experience: Advanced
Platform: Zaner360, TWS, Vantage
Broker/Data: DeCarley, IAB, RJO
Favorite Futures: Commodities
 
Posts: 1,087 since Nov 2014
Thanks: 1,440 given, 1,290 received
Forum Reputation: Legendary


Bought back the CLV C65 with a profit of 20 %.

Volatility has come down rapidly after the OPEC meeting last week. I intend to re-enter this trade in the coming weeks 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)

Adam Grimes: TBA

Elite only

NinjaTrader: TBA

Dec 7

Linda Bradford Raschke: TBA

Elite only

Ran Aroussi: TBA

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 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


All times are GMT -4. The time now is 04:25 PM.

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 2017-11-24 in 0.12 seconds with 20 queries on phoenix via your IP 54.198.134.32