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


Diversified Option Selling Portfolio
Updated: Views / Replies:55,359 / 1,102
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 – 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 don’t 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

  #881 (permalink)
Market Wizard
Linz Austria
 
Futures Experience: Advanced
Platform: Zaner360, Vantage, Trade Navigator
Broker/Data: DeCarley, RJO
Favorite Futures: Commodities
 
Posts: 1,026 since Nov 2014
Thanks: 1,414 given, 1,180 received
Forum Reputation: Legendary


TraderGriz View Post
Technically the GCG trade looks good to me.
In fact I'm holding some GCV puts myself.
What i have a hard time with is how can one gather sound fundamentals on metals?
Well currency's are very similar in that respect however I have recently done well with the pound an the euro. I am entertaining the thought of selling some more puts in the sept contract.

I rarely sell optoins in the metals or the currencies.

Regarding fundamentals, I follow the "Wellenreiter", an excellent newsletter in German language on stocks indices, currencies, financials and metals.

COT data look neutral to slightly bearish.

Best regards, Myrrdin

Reply With Quote
The following user says Thank You to myrrdin for this post:
 
  #882 (permalink)
Market Wizard
Houston, TX
 
Futures Experience: Advanced
Platform: XTrader
Broker/Data: Advantage Futures
Favorite Futures: Energy
 
Posts: 2,025 since Dec 2013
Thanks: 1,678 given, 3,131 received
Forum Reputation: Legendary


manuel999 View Post
Here is another interesting podcast from Macrovoices concerning CL (2 prts)

Podcast Listing

They expect lower prices this and next years. After that they expect much higher prices, due to less exploration and the current wells declining.

They also discuss that Saudi seem to actively work on backwardation, to hurt the US shale industry. That would make it possible to invest in CL futures or calls 3 years or more out. (I do not see a way for me to do this).

Amazing that since everybody started talking about backwardation the market has done nothing but go straight down and significantly deepen it's contango.

Since the podcast was published, Aug18 CL has dropped $6.07 from $48.60 to $42.53 while Dec25 crude has rallied $0.43 from $54.02 to $54.45 and in reality you couldn't even buy it there, as I think z22-z25 settle is probably 30c to low. So despite a market sell off, the chance of buying the back of the curve cheaply has gotten worse!

John Kemps latest piece is Oil market flashes warning about stock levels in 2018 which includes this chart of Dec17-Dec18 Brent Spread...
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 8 users say Thank You to SMCJB for this post:
 
  #883 (permalink)
Elite Member
Germany
 
Futures Experience: Intermediate
Platform: TWS
Favorite Futures: Options on futures
 
Posts: 106 since Jul 2014
Thanks: 211 given, 104 received


The small bounce last week on CT let me to sell CTZ7 DEC 06 C 85 calls.
Reasons:
- seasonality calls for a down move
- the chart is quite bearish
- the Commercial in the CoT are reducing their shorts, which would point to further down momentum

In the weekly chart CT seems to be right at support, so I probably should have waited a bit.
Lets hope the weather holds.

Reply With Quote
The following 3 users say Thank You to manuel999 for this post:
 
  #884 (permalink)
Market Wizard
Linz Austria
 
Futures Experience: Advanced
Platform: Zaner360, Vantage, Trade Navigator
Broker/Data: DeCarley, RJO
Favorite Futures: Commodities
 
Posts: 1,026 since Nov 2014
Thanks: 1,414 given, 1,180 received
Forum Reputation: Legendary


manuel999 View Post
The small bounce last week on CT let me to sell CTZ7 DEC 06 C 85 calls.
Reasons:
- seasonality calls for a down move
- the chart is quite bearish
- the Commercial in the CoT are reducing their shorts, which would point to further down momentum

In the weekly chart CT seems to be right at support, so I probably should have waited a bit.
Lets hope the weather holds.

I am still waiting for a bounce above 70, after I had taken profit at a value of the CTZ future of approx. 68.

Good luck !

Best regards, Myrrdin

Reply With Quote
The following 4 users say Thank You to myrrdin for this post:
 
  #885 (permalink)
Trading for Fun
westhills california US
 
Futures Experience: Beginner
Platform: TOS
Favorite Futures: FOREX,STOCKS,FUTURES
 
Posts: 59 since May 2015
Thanks: 57 given, 10 received


manuel999 View Post
The small bounce last week on CT let me to sell CTZ7 DEC 06 C 85 calls.
Reasons:
- seasonality calls for a down move
- the chart is quite bearish
- the Commercial in the CoT are reducing their shorts, which would point to further down momentum

In the weekly chart CT seems to be right at support, so I probably should have waited a bit.
Lets hope the weather holds.

"The commercial in the CoT are reducing their shorts, which would point to further down momentum". Can you explain your reasoning please

Thanks
BOB

Reply With Quote
 
  #886 (permalink)
Elite Member
Germany
 
Futures Experience: Intermediate
Platform: TWS
Favorite Futures: Options on futures
 
Posts: 106 since Jul 2014
Thanks: 211 given, 104 received


rajab View Post
"The commercial in the CoT are reducing their shorts, which would point to further down momentum". Can you explain your reasoning please

Thanks
BOB

I am just extrapolating from the past: Coms( Producers) sell into rising prices.
I assume the producers know better than anyone.

Here is the chart i am looking at:
Cot Daten für Baumwolle - Commitment of Traders für Baumwolle

Reply With Quote
 
  #887 (permalink)
Trading for Fun
westhills california US
 
Futures Experience: Beginner
Platform: TOS
Favorite Futures: FOREX,STOCKS,FUTURES
 
Posts: 59 since May 2015
Thanks: 57 given, 10 received


manuel999 View Post
I am just extrapolating from the past: Coms( Producers) sell into rising prices.
I assume the producers know better than anyone.

Here is the chart i am looking at:
Cot Daten für Baumwolle - Commitment of Traders für Baumwolle

So if the producer(commercials) are less short, they must buy back their short position which could ultimatly push the price up. I am still trying to figure out how to utilize the CoT data.

Thoughts or comments? please.
Bob

Reply With Quote
 
  #888 (permalink)
Market Wizard
Linz Austria
 
Futures Experience: Advanced
Platform: Zaner360, Vantage, Trade Navigator
Broker/Data: DeCarley, RJO
Favorite Futures: Commodities
 
Posts: 1,026 since Nov 2014
Thanks: 1,414 given, 1,180 received
Forum Reputation: Legendary


rajab View Post
So if the producer(commercials) are less short, they must buy back their short position which could ultimatly push the price up. I am still trying to figure out how to utilize the CoT data.

Thoughts or comments? please.
Bob

If a producer is short there is no need for him to buy back the position. He can deliver the respective commodity.

Best regards, Myrrdin

Reply With Quote
The following 3 users say Thank You to myrrdin for this post:
 
  #889 (permalink)
Elite Member
Germany
 
Futures Experience: Intermediate
Platform: TWS
Favorite Futures: Options on futures
 
Posts: 106 since Jul 2014
Thanks: 211 given, 104 received

I have no insight into the Ct market so I am just speculating:
When prices fall, the enduser of CT (manufacturers) are taking advantage of the low prices and are buying more, since it is fairly easy to store and they know what they will need in the next months.
When prices go up they can use their stored CT for a while an will buy less.

The commercials are both producers and endusers, and they not always have the same goals.
What I assume in the CoT data: they are the people with most knowledge of the CT market.

Reply With Quote
The following user says Thank You to manuel999 for this post:
 
  #890 (permalink)
Market Wizard
Linz Austria
 
Futures Experience: Advanced
Platform: Zaner360, Vantage, Trade Navigator
Broker/Data: DeCarley, RJO
Favorite Futures: Commodities
 
Posts: 1,026 since Nov 2014
Thanks: 1,414 given, 1,180 received
Forum Reputation: Legendary



manuel999 View Post
I have no insight into the Ct market so I am just speculating:
When prices fall, the enduser of CT (manufacturers) are taking advantage of the low prices and are buying more, since it is fairly easy to store and they know what they will need in the next months.
When prices go up they can use their stored CT for a while an will buy less.

The commercials are both producers and endusers, and they not always have the same goals.
What I assume in the CoT data: they are the people with most knowledge of the CT market.

If you are interested in information on COT data there are some good books to read:

Carley Garner: "Higher Probability Commodity Trading" includes some basics, and generally is an excellent book for beginners.

Floyd Upperman's book - I forgot the title, but you will find it easily via Google - describes the details of COT.

Best regards, Myrrdin

Reply With Quote
The following 3 users say Thank You to myrrdin for this post:

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)

FuturesTrader71: TBA

Elite only

Al Brooks: TBA

Elite only

Jigsaw Trading: TBA

Oct 19

RandBots: TBA

Oct 24
     

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 06:02 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 2017-09-22 in 0.08 seconds with 19 queries on phoenix via your IP 54.156.69.204