Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
I prefer taking quick profits if given the opportunity especially when selling options for "dangerous" commodities. I intend to sell NG calls again at higher prices.
Best regards, Myrrdin
Can you help answer these questions from other members on NexusFi?
Trading: Primarily Energy but also a little Equities, Fixed Income, Metals and Crypto.
Frequency: Many times daily
Duration: Never
Posts: 5,049 since Dec 2013
Thanks Given: 4,388
Thanks Received: 10,207
ES 25 points off recent highs, and VIX 2.5 points off recent lows, so probably good timing.
After the year we've had with 1830s in Feb, and 2000 at the end of June, it seems crazy that a dip to 2140 is a now buying opportunity but like you guys I added some delta today. I unwound my NQ/EMD spread at a 2% profit, but more importantly, due to the difference in contract sizes, it wasn't $ neutral.
Long ES, Long ES Puts, Long NQ, Short NQ Calls, Net Delta Long, Net Vol Short.
According to my seasonals, both LHv and CLv should be dropping starting Aug 4th. But since both have already dropped 10 in July I don't feel comfortable doing anything in them now. We'll see if that is the correct decision.
I also watched the Hog calls closely, but failed to sell LHV calls due to the "early" dropping of the LHV futures.
Now I intend to wait for the severe seasonal move upwards of the December futures from end of August until end of September / beginning of October, and then sell the LHZ calls.
Best regards, Myrrdin
PS: @Ron: Your seasonal charts look very similar to the MRCI charts. The difference can be explained by the different number of years (MRCI: 5 and 15 and 30). As you showed recently adding only one year can change the seasonal chart substantially.
I'm seeing lots of photos of ears of corn that are not filled out to the end all over the US. So maybe the yield will not be as high as everybody is predicting?
Yes, this up in November is shown by MRCI as well. But at this time the call options sold in the second half of September should have lost value significantly.
This report is a good argument to close short option trades. Although the move down last year came from a higher level ($3.88). Prices below 3.18 were not seen since 2009.
I have not made up my mind yet how to procede. But at a close below 3.18 I would buy back the calls.
