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Diversified Option Selling Portfolio
Started:September 6th, 2015 (11:22 AM) by myrrdin Views / Replies:26,280 / 581
Last Reply:December 2nd, 2016 (01:20 PM) Attachments:38

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Diversified Option Selling Portfolio

Old October 19th, 2016, 03:09 PM   #511 (permalink)
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ron99 View Post
I sold the Feb 65-70 spread for 20 cents on Oct 13th.

I have CL G7 60/65 spread for 48 cents from 10/07/2016

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Old October 19th, 2016, 03:13 PM   #512 (permalink)
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rajab View Post
You still got your position on?
Where do you thing we are heading?
Would you say CLG C60-65 is too close before the OPEC meeting?

Yes, I still hold my position of short CLG C63-68 for 35 since October, 10th.

I do not think we will see 60 before the expiry of the February contract. Seasonals and COT data are bearish. But volatility might rise before the OPEC meeting, and price might as well. Thus, I would keep the lot size limited.

Best regards, Myrrdin

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Old October 19th, 2016, 04:35 PM   #513 (permalink)
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US CL imports were down this weekly EIA report possibly because of ships being delayed by hurricane Matthew. Lowest weekly imports this year. East coast imports were down. EIA report was for 10/08 to 10/14. Hurricane was at SC coast on 10/08.

I would suspect that imports and inventory will increase in the next report, sending CL lower.

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Old October 20th, 2016, 09:54 AM   #514 (permalink)
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Sold the ESF P1900.

Intend to take profit at 50 %, and roll into another expiry date.

Best regards, Myrrdin

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Old October 20th, 2016, 10:26 AM   #515 (permalink)
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Futures Edge on FIO

Are you a NinjaTrader user?

 
Bought back the CT calls with a minimum profit.

There is a number of news regarding fundamentals that make me exit this trade:

The recent USDA Report surprised me, as it was bullish.
The recent hurricane damaged crop.
Plantings in India are below expectations.

This trade already was in the profit zone, and I do not want to turn such trade into a loser.

Best regards, Myrrdin

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Old October 20th, 2016, 08:58 PM   #516 (permalink)
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@myrrdin do you ever trade naked puts/calls? Or you only trade defined risk?

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Old October 21st, 2016, 05:28 AM   #517 (permalink)
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Pirolyx View Post
@myrrdin do you ever trade naked puts/calls? Or you only trade defined risk?

Usually I trade naked puts / calls. I published my short option trades for recent months in this thread.

Advantages: In case there is a move in the right direction a quick profit is higher than for covered puts / calls. Thus, I choose covered calls if I intend to hold the options until close to expiry. Cost for commissions and slippage are lower.
And I prefer simple trades.

Disadvantages: Unlimited risk. You have to watch your trades closely, and you have to avoid certain trades (eg. weather markets in the grains & beans). And you have to limit the size of your trades. In my opinion, the most important point is to define a stop loss. And to get out of the trade when you have to get out.

Best regards, Myrrdin

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Old October 21st, 2016, 09:49 AM   #518 (permalink)
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My intentions for the near future:

Sell Gold puts on a further move down, in case I get the possibility. Inflation should rise modestely for some months.

Sell Wheat (March contract) calls on a further move up (450 - 460). There is a lot of wheat around. Sesonals show a move upwards until end of October, and then more or less downwards until the expiry of the contract. Unfortunately COT data is still bullish, thus, a surprising event could cause a problem.

Sell Coffee (March contract) calls on a minimal move upwards. Weather during the flowering period in Brazil looks ok, seasonals as well as COT data are bearish.

Best regards, Myrrdin

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Old October 21st, 2016, 09:59 AM   #519 (permalink)
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myrrdin View Post
My intentions for the near future:

Sell Gold puts on a further move down, in case I get the possibility. Inflation should rise modestely for some months.

Sell Wheat (March contract) calls on a further move up (450 - 460). There is a lot of wheat around. Sesonals show a move upwards until end of October, and then more or less downwards until the expiry of the contract. Unfortunately COT data is still bullish, thus, a surprising event could cause a problem.

Sell Coffee (March contract) calls on a minimal move upwards. Weather during the flowering period in Brazil looks ok, seasonals as well as COT data are bearish.

Best regards, Myrrdin

Was filled on the KCH C210. Looks we will see a reversal in the weekly chart tonight.

Best regards, Myrrdin

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Old October 21st, 2016, 02:13 PM   #520 (permalink)
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Anyone try Ron99's 1 short 2 longs(ES) on CL?

Say 1 short CLG-C60 and 2 long CLG-C70?

Thought?

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