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Diversified Option Selling Portfolio
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Created: by myrrdin Attachments:56

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Diversified Option Selling Portfolio

  #541 (permalink)
Market Wizard
Linz Austria
 
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I currently hold the following positions:

CF C3.7
Exit on a close above the October high.

SG C11
Exit on a close above the October high.

ESF P2000
Exit on a close of the S&P index below the October low.

Best regards, Myrrdin

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  #542 (permalink)
Market Wizard
Linz Austria
 
Futures Experience: Advanced
Platform: Zaner360, Vantage, Trade Navigator
Broker/Data: DeCarley, RJO
Favorite Futures: Commodities
 
Posts: 879 since Nov 2014
Thanks: 1,267 given, 825 received
Forum Reputation: Legendary

Considerations for further trades:

Sell WH C4.7 or similar. Seasonals are lower for the next couple of months, no important news regarding wheat in the Northern hemisphere expected for a while. Thus, no reason for funds to cover their (already reduced) shorts.

Sell LHZ calls. Fundamentals are bearish, hog slaughter should normalize after the closure of a large company due to the remnants of hurricane Matthew.

Sell NG puts. NG looks to have reached good support, and to have priced in the warm weather forecasts.

Regarding the Gold trade discussed some time ago, I intend to wait for a lower price (1200 - 1220).

Best regards, Myrrdin

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  #543 (permalink)
Trading Apprentice
westhills california US
 
Futures Experience: Beginner
Platform: TOS
Favorite Futures: FOREX,STOCKS,FUTURES
 
Posts: 43 since May 2015
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myrrdin View Post
Considerations for further trades:

Sell WH C4.7 or similar. Seasonals are lower for the next couple of months, no important news regarding wheat in the Northern hemisphere expected for a while. Thus, no reason for funds to cover their (already reduced) shorts.

Sell LHZ calls. Fundamentals are bearish, hog slaughter should normalize after the closure of a large company due to the remnants of hurricane Matthew.

Sell NG puts. NG looks to have reached good support, and to have priced in the warm weather forecasts.

Regarding the Gold trade discussed some time ago, I intend to wait for a lower price (1200 - 1220).

Best regards, Myrrdin

I know fundamentals are what you base your trading plan on. Do you look at the charts before you take a trade and if so what are some of the indicators you use?

Thanks

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  #544 (permalink)
Market Wizard
Linz Austria
 
Futures Experience: Advanced
Platform: Zaner360, Vantage, Trade Navigator
Broker/Data: DeCarley, RJO
Favorite Futures: Commodities
 
Posts: 879 since Nov 2014
Thanks: 1,267 given, 825 received
Forum Reputation: Legendary


rajab View Post
I know fundamentals are what you base your trading plan on. Do you look at the charts before you take a trade and if so what are some of the indicators you use?

Thanks

Yes, I look at the charts to check if there are any major support / resistance levels suited to place entries / exits.

Best regards, Myrrdin

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  #545 (permalink)
Trading Apprentice
westhills california US
 
Futures Experience: Beginner
Platform: TOS
Favorite Futures: FOREX,STOCKS,FUTURES
 
Posts: 43 since May 2015
Thanks: 33 given, 6 received

I like to know what the quickest most efficient way to extract valuable and pertinent information from a data source such as
COT?

Thanks

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  #546 (permalink)
Market Wizard
Linz Austria
 
Futures Experience: Advanced
Platform: Zaner360, Vantage, Trade Navigator
Broker/Data: DeCarley, RJO
Favorite Futures: Commodities
 
Posts: 879 since Nov 2014
Thanks: 1,267 given, 825 received
Forum Reputation: Legendary


rajab View Post
I like to know what the quickest most efficient way to extract valuable and pertinent information from a data source such as
COT?

Thanks

There is an excellent service by Floyd Upperman, which is online for 18 years. They offer a free 15 day trial subscription. (I am not related to Floyd Upperman and do not get anything for recommending this service. I subscribed to the service for some years.)

Best regards, Myrrdin

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  #547 (permalink)
Trading Apprentice
westhills california US
 
Futures Experience: Beginner
Platform: TOS
Favorite Futures: FOREX,STOCKS,FUTURES
 
Posts: 43 since May 2015
Thanks: 33 given, 6 received

Thinking of selling Feb NG put credit spread 2.5-2
2.5 seems to be a solid support on the charts. IM is low which makes it a lot more attractive than ES, CL, or GC. Maybe someone can educate me?

Thoughts please?

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  #548 (permalink)
Market Wizard
Houston TX
 
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rajab View Post
Thinking of selling Feb NG put credit spread 2.5-2
2.5 seems to be a solid support on the charts. IM is low which makes it a lot more attractive than ES, CL, or GC. Maybe someone can educate me?

Thoughts please?

https://futures.io/commodities-futures-trading/40678-nat-gas-bullish-not-bearish.html

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  #549 (permalink)
Market Wizard
Linz Austria
 
Futures Experience: Advanced
Platform: Zaner360, Vantage, Trade Navigator
Broker/Data: DeCarley, RJO
Favorite Futures: Commodities
 
Posts: 879 since Nov 2014
Thanks: 1,267 given, 825 received
Forum Reputation: Legendary


rajab View Post
Thinking of selling Feb NG put credit spread 2.5-2
2.5 seems to be a solid support on the charts. IM is low which makes it a lot more attractive than ES, CL, or GC. Maybe someone can educate me?

Thoughts please?

Sorry I did not answer earlier, but I was travelling for some days to attend two conferences.

Seasonals for Natural Gas move downwards at this time of the year, and, thus, it is not a good idea to sell puts. Generally, NG can be very volatile at this time of the year, and hard to predict. On the one hand there are the seasonals, on the other hand a cold blast can result in a strong move upwards of NG prices. Volatility can be high, and option prices look tempting, but you have to be very careful.

Generally, when selling options it is not only important that the strike price is not hit. The Price of your Option can move upwards, and you have to close your Position with a loss.

Currently there are better trades around.

Best regards, Myrrdin

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  #550 (permalink)
Trading Apprentice
westhills california US
 
Futures Experience: Beginner
Platform: TOS
Favorite Futures: FOREX,STOCKS,FUTURES
 
Posts: 43 since May 2015
Thanks: 33 given, 6 received

ZNH


Any thoughts on selling put credit spreads on the 10 year? with short leg 2% out.
Looking at the charts support at 123. Am I too close?
Thought please?

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