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


Diversified Option Selling Portfolio
Updated: Views / Replies:51,982 / 1,067
Created: by myrrdin Attachments:74

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
 74  
 
Thread Tools Search this Thread
 

Diversified Option Selling Portfolio

  #421 (permalink)
Market Wizard
Linz Austria
 
Futures Experience: Advanced
Platform: Zaner360, Vantage, Trade Navigator
Broker/Data: DeCarley, RJO
Favorite Futures: Commodities
 
Posts: 992 since Nov 2014
Thanks: 1,384 given, 1,115 received
Forum Reputation: Legendary

Sold a first lot of CTH7 C80.

The current upmove of the Cotton price seems to me to be a technical bounce. Fundamentals are bearish. Intend to sell 2 further lots at higher prices.

Best regards, Myrrdin

Reply With Quote
 
  #422 (permalink)
Elite Member
Ukraine
 
Futures Experience: Beginner
Platform: Zaner360
Favorite Futures: Options on futures
 
Posts: 11 since May 2015
Thanks: 119 given, 6 received


jokertrader View Post
Just looked at Live cattle and its fallen off the cliff.. not sure why..
my assumption is seasonally Live cattle should rally into the end of the year - still researching if this is correct

Question: Some option prices on LE in TOS seem strange.. and some seem normal
like Dec 100 put is 3.75/4.00 (bid/ask) vs Dec 98 put which is 0.575/3.125 and then goes back up for 98 put..

Wonder if i can use this anomaly to create a spread and whether i will ever get filled?

Also for the LEZ P100/94 i am seeing 2.05 now. So if both our assumptions are right.. good time to sell right?

http://www.dailylivestockreport.com/documents/dlr%2009-02-16.pdf

I believe this particular report and some older dated reports, from 31 August, explain to some extent what has been dragging live cattle price down.
What really do not cease to amaze me is that all the data on meat complex oversupply and bias towards lack of demand was featured across the web, including reports from the Dailystockreports and not only.

To my opinion, market was ( and effectively is ) oversupplied , although remained steady owing to expectations of stronger demand that had to absorb higher supply. As we all know from the news, higher demand failed to show up.

Few days ago i was considering selling call ( which would be beautiful ) , however i reconsidered my idea of being short call set owing to huge discount to cash and furthermore, bullish seasonals. In addition, I received an email from my broker suggesting selling LEZ P96. I did not want to sell that high delta strike and ultimately ended up selling LEZ P87 which was about 3.00 delta on the sell date. My options premium almost quadrupled yesterday at close, however today futures up, volatility down i am intended to close my puts out.

Reply With Quote
The following 3 users say Thank You to Jerard for this post:
 
  #423 (permalink)
Elite Member
rutherford NJ
 
Futures Experience: Intermediate
Platform: Sierra Qtrader
Broker/Data: Amp and Optimus and CQG
Favorite Futures: Mainly NG Some GC, ZS,CL
 
Posts: 380 since May 2013
Thanks: 303 given, 137 received



Jerard View Post
http://www.dailylivestockreport.com/documents/dlr%2009-02-16.pdf

I believe this particular report and some older dated reports, from 31 August, explain to some extent what has been dragging live cattle price down.
What really do not cease to amaze me is that all the data on meat complex oversupply and bias towards lack of demand was featured across the web, including reports from the Dailystockreports and not only.

To my opinion, market was ( and effectively is ) oversupplied , although remained steady owing to expectations of stronger demand that had to absorb higher supply. As we all know from the news, higher demand failed to show up.

Few days ago i was considering selling call ( which would be beautiful ) , however i reconsidered my idea of being short call set owing to huge discount to cash and furthermore, bullish seasonals. In addition, I received an email from my broker suggesting selling LEZ P96. I did not want to sell that high delta strike and ultimately ended up selling LEZ P87 which was about 3.00 delta on the sell date. My options premium almost quadrupled yesterday at close, however today futures up, volatility down i am intended to close my puts out.

thanks for the write up. Have you ever considered selling a spread closer to the 50 delta and since its Dec options.. just leaving it .. u have much better risk/reward.. and a move say to 105 and u can take it off with decent profit.. and if that happens a month or so from now.. even better.

Reply With Quote
 
  #424 (permalink)
Market Wizard
Linz Austria
 
Futures Experience: Advanced
Platform: Zaner360, Vantage, Trade Navigator
Broker/Data: DeCarley, RJO
Favorite Futures: Commodities
 
Posts: 992 since Nov 2014
Thanks: 1,384 given, 1,115 received
Forum Reputation: Legendary

I liquidated my ES puts with a small loss. The close today looks very weak.

I will be travelling on Monday, and, thus, will not be able to trade most of the day.

But I intend to re-enter.

Have a nice weekend !

Best regards, Myrrdin

Reply With Quote
The following user says Thank You to myrrdin for this post:
 
  #425 (permalink)
Market Wizard
Cleveland, OH
 
Futures Experience: Advanced
Platform: QST
Broker/Data: QST, DeCarley Trading, Gain
Favorite Futures: Options on Futures
 
Posts: 2,674 since Jul 2011
Thanks: 777 given, 4,643 received
Forum Reputation: Legendary


myrrdin View Post
I liquidated my ES puts with a small loss. The close today looks very weak.

I will be travelling on Monday, and, thus, will not be able to trade most of the day.

But I intend to re-enter.

Have a nice weekend !

Best regards, Myrrdin

I bought some ES puts to protect current positions. This drops looks too similar to Friday 8/21/15 for me not to protect myself some way.

Reply With Quote
The following 2 users say Thank You to ron99 for this post:
 
  #426 (permalink)
Market Wizard
Linz Austria
 
Futures Experience: Advanced
Platform: Zaner360, Vantage, Trade Navigator
Broker/Data: DeCarley, RJO
Favorite Futures: Commodities
 
Posts: 992 since Nov 2014
Thanks: 1,384 given, 1,115 received
Forum Reputation: Legendary


ron99 View Post
I bought some ES puts to protect current positions. This drops looks too similar to Friday 8/21/15 for me not to protect myself some way.

I fully agree. And this is why I reacted in the same way that helped me in 2015.

Best regards, Myrrdin

Reply With Quote
 
  #427 (permalink)
Market Wizard
Linz Austria
 
Futures Experience: Advanced
Platform: Zaner360, Vantage, Trade Navigator
Broker/Data: DeCarley, RJO
Favorite Futures: Commodities
 
Posts: 992 since Nov 2014
Thanks: 1,384 given, 1,115 received
Forum Reputation: Legendary

Currently I hold the following short options positions:

CLF C58-63 (stop loss on a close of the future above the August highs),
CTH C80 (stop loss on a close above the high of August 12th),
CZ C3.6 (small lot; stop loss on a close above the high of July 28th),
LHZ C62 (stop loss on a close above the August highs).

There will be an USDA Report out Monday, which affects corn and Cotton prices.

I intend to re-enter the ES puts on a lower level. CL and CT show some correlation with the Indices, and, thus, the ES puts help to balance the portfolio.

Best regards, Myrrdin

Reply With Quote
The following 3 users say Thank You to myrrdin for this post:
 
  #428 (permalink)
Market Wizard
Linz Austria
 
Futures Experience: Advanced
Platform: Zaner360, Vantage, Trade Navigator
Broker/Data: DeCarley, RJO
Favorite Futures: Commodities
 
Posts: 992 since Nov 2014
Thanks: 1,384 given, 1,115 received
Forum Reputation: Legendary

Sold the SF C11 and a small lot of the SF C10. Stop for the latter is tight above yesterdays high.

USDA Report was very bearish for the beans.

Best regards, Myrrdin

Reply With Quote
 
  #429 (permalink)
Market Wizard
Linz Austria
 
Futures Experience: Advanced
Platform: Zaner360, Vantage, Trade Navigator
Broker/Data: DeCarley, RJO
Favorite Futures: Commodities
 
Posts: 992 since Nov 2014
Thanks: 1,384 given, 1,115 received
Forum Reputation: Legendary

Bought back the LHZ C62 with a profit of 66 %. Intend to sell again LHZ calls around 56, but I doubt I will get the chance.

Added to my LHG-LHZ position instead. In recent years this spread moved up above $8, whenever there were no severe desease problems.

Best regards, Myrrdin

Reply With Quote
 
  #430 (permalink)
Market Wizard
Cleveland, OH
 
Futures Experience: Advanced
Platform: QST
Broker/Data: QST, DeCarley Trading, Gain
Favorite Futures: Options on Futures
 
Posts: 2,674 since Jul 2011
Thanks: 777 given, 4,643 received
Forum Reputation: Legendary



myrrdin View Post
Bought back the LHZ C62 with a profit of 66 %. Intend to sell again LHZ calls around 56, but I doubt I will get the chance.

Added to my LHG-LHZ position instead. In recent years this spread moved up above $8, whenever there were no severe desease problems.

Best regards, Myrrdin

Is that LHz6-LHg7 or LHg7-LHz7?

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)

Battlestations: Show us your trading desks and win $750 in prizes

August
 

Ask Me Anything (AMA) w/Rod Casilli @ Collective2

Aug 23
 

Prototyping Python Strategies (part 3, Live Trading) w/Ran Aroussi [1PM ET]

Elite only
 

Develop Strategies and Perfect Execution w/Brannigan Barrett @ Axia Futures

Elite only

Introduction to Phillip Capital futures brokerage services

Aug TBD

How Monte Carlo Analysis Can Help Your Trading w/Kevin Davey

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 11:03 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 2017-08-17 in 0.09 seconds with 19 queries on phoenix via your IP 23.20.60.138