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


Diversified Option Selling Portfolio
Updated: Views / Replies:55,022 / 1,097
Created: by myrrdin Attachments:75

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
 75  
 
Thread Tools Search this Thread
 

Diversified Option Selling Portfolio

  #341 (permalink)
Market Wizard
Linz Austria
 
Futures Experience: Advanced
Platform: Zaner360, Vantage, Trade Navigator
Broker/Data: DeCarley, RJO
Favorite Futures: Commodities
 
Posts: 1,022 since Nov 2014
Thanks: 1,413 given, 1,176 received
Forum Reputation: Legendary


myrrdin View Post
According to MRCI, Natural Gas prices should move downwards / sidewards into the fall.

Latest forecasts for La Nina describe this effect to be relatively weak, compared to forecasts some weeks ago.

Yesterdays strong move upwards made OTM options attractive.

I sold some NGX C4, and intend to sell some more at higher prices, if getting the opportunity.

Best regards, Myrrdin

Bought back the NGX Calls with a profit of 50 %.

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

Reply With Quote
 
  #342 (permalink)
Market Wizard
Houston, TX
 
Futures Experience: Advanced
Platform: XTrader
Broker/Data: Advantage Futures
Favorite Futures: Energy
 
Posts: 2,023 since Dec 2013
Thanks: 1,678 given, 3,119 received
Forum Reputation: Legendary


myrrdin View Post
Added to my ES put position by selling the OEW3X6 P1950.


ron99 View Post
Sold ESz6P1700-ESz6P1450 spread 1:2 for 3.50

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.

Reply With Quote
The following user says Thank You to SMCJB for this post:
 
  #343 (permalink)
Market Wizard
Cleveland, OH
 
Futures Experience: Advanced
Platform: QST
Broker/Data: QST, DeCarley Trading, Gain
Favorite Futures: Options on Futures
 
Posts: 2,700 since Jul 2011
Thanks: 781 given, 4,719 received
Forum Reputation: Legendary


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.
Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


https://public.tableau.com/profile/ron.h8870#!/

Reply With Quote
The following user says Thank You to ron99 for this post:
 
  #344 (permalink)
Market Wizard
Linz Austria
 
Futures Experience: Advanced
Platform: Zaner360, Vantage, Trade Navigator
Broker/Data: DeCarley, RJO
Favorite Futures: Commodities
 
Posts: 1,022 since Nov 2014
Thanks: 1,413 given, 1,176 received
Forum Reputation: Legendary


ron99 View Post
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.

Reply With Quote
 
  #345 (permalink)
Market Wizard
Cleveland, OH
 
Futures Experience: Advanced
Platform: QST
Broker/Data: QST, DeCarley Trading, Gain
Favorite Futures: Options on Futures
 
Posts: 2,700 since Jul 2011
Thanks: 781 given, 4,719 received
Forum Reputation: Legendary


myrrdin View Post
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.

Yes LHz drop from early Oct to early Nov looks good. About a 4.6 point drop average for those 9 years. Worked 7 out of 9 years (Oct 8th to Nov 6th).

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


The up from Nov 6th to Nov 26th is strong too. Works 8 of last 9 years.

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Reply With Quote
The following user says Thank You to ron99 for this post:
 
  #346 (permalink)
Market Wizard
Cleveland, OH
 
Futures Experience: Advanced
Platform: QST
Broker/Data: QST, DeCarley Trading, Gain
Favorite Futures: Options on Futures
 
Posts: 2,700 since Jul 2011
Thanks: 781 given, 4,719 received
Forum Reputation: Legendary

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?

Reply With Quote
 
  #347 (permalink)
Market Wizard
Linz Austria
 
Futures Experience: Advanced
Platform: Zaner360, Vantage, Trade Navigator
Broker/Data: DeCarley, RJO
Favorite Futures: Commodities
 
Posts: 1,022 since Nov 2014
Thanks: 1,413 given, 1,176 received
Forum Reputation: Legendary


ron99 View Post
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?

I agree. I do not see corn price rallying, but I expect the current lows to hold. Thus, I sold the CV P330 a few days ago.

Best regards, Myrrdin

Reply With Quote
 
  #348 (permalink)
Market Wizard
Linz Austria
 
Futures Experience: Advanced
Platform: Zaner360, Vantage, Trade Navigator
Broker/Data: DeCarley, RJO
Favorite Futures: Commodities
 
Posts: 1,022 since Nov 2014
Thanks: 1,413 given, 1,176 received
Forum Reputation: Legendary


ron99 View Post
The up from Nov 6th to Nov 26th is strong too. Works 8 of last 9 years.

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.

Best regards, Myrrdin

Reply With Quote
 
  #349 (permalink)
Market Wizard
Cleveland, OH
 
Futures Experience: Advanced
Platform: QST
Broker/Data: QST, DeCarley Trading, Gain
Favorite Futures: Options on Futures
 
Posts: 2,700 since Jul 2011
Thanks: 781 given, 4,719 received
Forum Reputation: Legendary


myrrdin View Post
I agree. I do not see corn price rallying, but I expect the current lows to hold. Thus, I sold the CV P330 a few days ago.

Best regards, Myrrdin

The Aug 12th Crop Production report bullish for corn this year? Last year corn dropped 19 cents the day of that report.

Looking back at several years corn was very volatile on the day of that report. Soybeans & Wheat too. Some big moves up and down.

Reply With Quote
The following user says Thank You to ron99 for this post:
 
  #350 (permalink)
Market Wizard
Linz Austria
 
Futures Experience: Advanced
Platform: Zaner360, Vantage, Trade Navigator
Broker/Data: DeCarley, RJO
Favorite Futures: Commodities
 
Posts: 1,022 since Nov 2014
Thanks: 1,413 given, 1,176 received
Forum Reputation: Legendary



ron99 View Post
The Aug 12th Crop Production report bullish for corn this year? Last year corn dropped 19 cents the day of that report.

Looking back at several years corn was very volatile on the day of that report. Soybeans & Wheat too. Some big moves up and down.

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.

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)
 

Monte Carlo Analysis w/Kevin Davey

Elite only
 

How-to Choose a Futures Broker w/Lynette Lim @ Phillip Capital

Sep 20
 

Alternative Views on Traditional Tools w/Rhonda Jones

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 Trading Reviews and Vendors 2 July 30th, 2014 05:54 AM
Diversified Trading Systems soch Trading Reviews and Vendors 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 09:39 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 2017-09-19 in 0.13 seconds with 20 queries on phoenix via your IP 54.225.41.203