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I am thinking of buy back irregardless as I am at 52-76% profit even after options went up. I should have gotten out yesterday an even before with profit when I thought about it. The market has just kept moving in my favor so I just kept letting them go. Just made up my mind an looking at my notes by posting this. Some sells were on the third an others on the 17th, I'll be happy with th ROI on that.
Can you help answer these questions from other members on NexusFi?
Read through this thread starting from page 1. Take notes on important discussions, skim through the pointless chatter. This may take you days/weeks but you cannot expect others to sacrifice their time without sacrificing your own.
That is kinda what I meant, I have watched other markets w/o money that have done the same as I spoke.
By volatility I assume you are referring volume an not interest.
Is there someplace to monitor that on the net?
No. Volatility is the degree of variation of a trading price series over time as measured by the standard deviation of logarithmic returns.
For example, if futures is the same as the day before, settled unchanged, but the volatility increased (maybe huge intraday swings), option premiums would settle higher even though futures were unchanged and they have one day less DTE.
Based on your prior posts you seemed to be very risk adverse. It would be far better for you to stick with the ES strategy and maybe move to higher delta or use less cash excess to get higher ROI than to switch to other much more risky commodities.
I have on the NGq7p250c450 strangle. The p250 has dropped 50% in premium. I was debating closing that side of the strangle now.
But the margin for the naked c450 is $273 now vs $253 for the strangle. So basically the p250 option is being held for free.
The risk of not exiting the put now is that NG futures crash and by keeping the put I have turned a winner into a possible loser.
The possible gain of keeping the put is that if futures stay here or go higher I can make additional profit on the put and/or offset possible losses on the call.
I am leaning towards exiting the put because it is a winner and those are precious and not something you want to give away.
I will say this is an excellent example of why you shouldn't wait till expiration. The p250 has lost 50% of its' value in 15 days. It will take 89 days to get the other 50%. Very poor MROI waiting for the other 50%.
I have a bit higher targets, I close future options at about 80%.
I have the same strangle open, a bit wider, and keep it open at this time.
I do not see many obvious oportunities that are better
The monthly ROI is only of importance if there is another trade you can enter instead. In case there is no other attractive trade I often stay in a trade with a low monthly ROI, as long as I consider it a safe trade.
That is a fact! I have been reading much lately. Some other topics than this. I have always valued the knowledge one with more experience can give me. I have gained it all my life, it may be from parents, grandparents or an elderly neighbor. Am I wrong the point of a forum is to share knowledge/experience? Not always ask for it.
