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Diversified Option Selling Portfolio


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Diversified Option Selling Portfolio

  #621 (permalink)
 ron99 
Cleveland, OH
 
Experience: Advanced
Platform: QST
Broker: QST, DeCarley Trading, Gain
Trading: Options on Futures
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ron99 View Post
Sold CLk7c70c80 spread today for $0.14. IM is $378.

Exited today at 0.08. MROI is 2.5%. 24 days held.

Exited the short at 0.10 yesterday but then I tried to exit the long at 0.03 and didn't get filled. I exited the long at 0.02 today. Strange that CL is up 1.20 today but the 80 call is trading at unchanged.

If I was able to exit yesterday at 0.07 the MROI would have been 3.2%.

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  #622 (permalink)
 hoppy123 
orlando
 
Experience: Beginner
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HI Myrrdin, I am looking to open an account with Decaly trading for day trading futures. How as your experience been with them .Hate dealing with these big firms that are so impersonal .they seem like a small personal business . They seem to have great service so far . Any input on them would be great?

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  #623 (permalink)
 ron99 
Cleveland, OH
 
Experience: Advanced
Platform: QST
Broker: QST, DeCarley Trading, Gain
Trading: Options on Futures
Posts: 3,081 since Jul 2011
Thanks Given: 980
Thanks Received: 5,785



hoppy123 View Post
HI Myrrdin, I am looking to open an account with Decaly trading for day trading futures. How as your experience been with them .Hate dealing with these big firms that are so impersonal .they seem like a small personal business . They seem to have great service so far . Any input on them would be great?

My experience has been that Carley has the best customer service I have ever seen in 18 years of trading at many different firms.

Gain, who I use at DeCarley, is OK. Not great, but not bad. Carley fixes any mistakes they make quickly.

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  #624 (permalink)
 hoppy123 
orlando
 
Experience: Beginner
Platform: esignal
Trading: forex emini oil gas
Posts: 81 since Jan 2017
Thanks Given: 26
Thanks Received: 64

Yes i was very impressed by them .going to give them a try .Do you take any recomendations from there newsletter . thanks

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  #625 (permalink)
 myrrdin 
Linz Austria
 
Experience: Advanced
Platform: TWS
Broker: Interactive Brokers
Trading: Commodities
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hoppy123 View Post
HI Myrrdin, I am looking to open an account with Decaly trading for day trading futures. How as your experience been with them .Hate dealing with these big firms that are so impersonal .they seem like a small personal business . They seem to have great service so far . Any input on them would be great?

I fully agree with Ron. DeCarley trading offers the best customer service I ever had. I also use Gain and their software. Gain is average, but, as Ron states, Carley fixes all their mistakes and finds workarounds for most situations that the Gain software is unable to solve.

Just one (of many) example: The Gain software is unable to enter spread orders for options. But Carley places these orders, using another software. For a self-directed account without any extra cost.

Best regards, Myrrdin

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  #626 (permalink)
 myrrdin 
Linz Austria
 
Experience: Advanced
Platform: TWS
Broker: Interactive Brokers
Trading: Commodities
Posts: 1,938 since Nov 2014
Thanks Given: 3,688
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I am currently holding the following positions in the short option portfolio:

LHJ C70
LCJ C126
LCJ P109
WH C4.3

I expect all options to expire worthless, and intend to take profit at 10 or 20 %. I will not be very patient if one of the options moves against me.

I sold the LCJ puts today, and I am happy to have a strangle now. Unfortunately I was not able to sell LH puts - I am looking at the LHJ P60 - at a reasonable price until now .

Best regards, Myrrdin

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  #627 (permalink)
 myrrdin 
Linz Austria
 
Experience: Advanced
Platform: TWS
Broker: Interactive Brokers
Trading: Commodities
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myrrdin View Post
I am currently holding the following positions in the short option portfolio:

LHJ C70
LCJ C126
LCJ P109
WH C4.3

I expect all options to expire worthless, and intend to take profit at 10 or 20 %. I will not be very patient if one of the options moves against me.

I sold the LCJ puts today, and I am happy to have a strangle now. Unfortunately I was not able to sell LH puts - I am looking at the LHJ P60 - at a reasonable price until now .

Best regards, Myrrdin

Just received a fill for the LHJ P60 at 1.00 . Could have waited for a better price, as my best guess for the final value of the future contract is 65. But currently volatility is high for this market ... (Wouldn't this be an excellent playing field for daytraders ?)

Best regards, Myrrdin

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  #628 (permalink)
 myrrdin 
Linz Austria
 
Experience: Advanced
Platform: TWS
Broker: Interactive Brokers
Trading: Commodities
Posts: 1,938 since Nov 2014
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Just sold the CTK C80.

COT data is bearish, and acreage is expected to rise in the US.

Will be out on a close above the 2016 high.

Best regards, Myrrdin

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  #629 (permalink)
 myrrdin 
Linz Austria
 
Experience: Advanced
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Liquidated the LHJ spread with a nice profit.

Reason is that Mexico is a major importer of US hogs. And I have no idea where the dispute of Mr. Trump and Mexico will end.

Best regards, Myrrdin

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  #630 (permalink)
 jokertrader 
NYC, NY
 
Experience: Intermediate
Platform: Sierra, TT
Broker: N/A
Trading: Spread Researcher and crypto degen
Posts: 654 since May 2013
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Are we saying that there will be some reverse Mexican tax.. and then the imports into Mexico will fall? and send LH sky rocketing?

Is that why u are out?? thinking of initiating a CCS on LHJ and wondering

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Last Updated on May 26, 2022


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