Diversified Option Selling Portfolio

April 28th, 2017, 10:52 AM

ron99

Sold NGu7p260 for 0.024 today
Sold NGu7c450 for 0.019 today

Attempting to sell NGq7p260 today to balance out my spreads. Already have on NGq7c450.

EDIT: Sold the NGq7p260

If this should against you, you have the same rule: holding it until 6xIM?

April 28th, 2017, 10:57 AM

manuel999

If this should against you, you have the same rule: holding it until 6xIM?

Yes

April 28th, 2017, 11:01 AM

Is it me or ES has been in the dumps when it comes to MROI%. Doing Rons stgy I can not get anything more than 1.35%
I am not really comfortable or knowlegable about the other commodities. which one is the next easiest, less moving parts to learn about.

Thoughts please?

Thanks
Babak

April 28th, 2017, 11:05 AM

rajab

Is it me or ES has been in the dumps when it comes to MROI%. Doing Rons stgy I can not get anything more than 1.35%
I am not really comfortable or knowlegable about the other commodities. which one is the next easiest, less moving parts to learn about.

Thoughts please?

Thanks
Babak

If you read through this thread you will find some discussion on selling options for various commodities, including the "moving parts" and comments about the difficulties for each of these commodities.

In case you have further questions, please ask again.

Best regards, Myrrdin

April 28th, 2017, 11:11 AM

rajab

Is it me or ES has been in the dumps when it comes to MROI%. Doing Rons stgy I can not get anything more than 1.35%
I am not really comfortable or knowlegable about the other commodities. which one is the next easiest, less moving parts to learn about.

Thoughts please?

Thanks
Babak

BV for July options hit 9.85% on Apr 25 (87 DTE). That's the lowest I have ever seen.

Aug (115 DTE) for the same day was 10.45%.

I'm doing a few other things than ES, 15%, but will stick with ES for the rest.

April 28th, 2017, 11:14 AM

ron99

BV for July options hit 9.85% on Apr 25 (87 DTE). That's the lowest I have ever seen.

Aug (115 DTE) for the same day was 10.45%.

I'm doing a few other things than ES, 15%, but will stick with ES for the rest.

Did you reenter ES already, or are you still waiting until next week?

April 28th, 2017, 11:19 AM

Just a suggestion

For some of us commoners.

I know most of you pros are very busy, but can we pick out the simplest to learn commodity and each you pros can show us how you approach selling options on the commodity and the things to look out for. Basically start to end. I know most of you have gone above and beyond in presenting data. But if a beginer was to start what should be the first thing the look at? if these questions are answerable please help.

THANKS
Babak

April 28th, 2017, 11:29 AM

manuel999

Did you reenter ES already, or are you still waiting until next week?

Still waiting but US Congress delaying gov shutdown till next week is messing up my plans.

I may go ahead and sell half today.

April 28th, 2017, 11:30 AM

rajab

Just a suggestion

For some of us commoners.

I know most of you pros are very busy, but can we pick out the simplest to learn commodity and each you pros can show us how you approach selling options on the commodity and the things to look out for. Basically start to end. I know most of you have gone above and beyond in presenting data. But if a beginer was to start what should be the first thing the look at? if these questions are answerable please help.

THANKS
Babak

I am not a pro.
I started last year with the Cordier&Gross book.
I think this is a very good book to get you started.
https://www.amazon.com/Complete-Guide-Option-Selling-Professional/dp/0071837620/ref=sr_1_1?ie=UTF8&qid=1493393313&sr=8-1&keywords=cordier+options

Carley Garners book on futures will give you some more insights on futures, not specific to options.

April 28th, 2017, 08:07 PM

Just wondering if anyone knows what is going on in some markets. E.G. I sold some options within the month of April on feeder cattle.
GFU 112p & 118p
GFQ 120p
I am well ahead on them. I was going to buy back an take profits today. I did not however as it confused me how the underlying could go up nearly 4 an put options around 35-40 lower also rise.
I have some questions for more experience sellers.
Is there something I am missing?
Are people just bailing?
Just confused and wondering if anyone has an answer.
That is not the only market that had this pattern for me today but the most dramatic.
Experienced opinions will be very much appreciated.

Diversified Option Selling Portfolio

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Diversified Option Selling Portfolio