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Selling Options on Futures?


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Selling Options on Futures?

  #7261 (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


Big Mike View Post
Someone else in chat suggested that @ron99 was being dishonest in this thread, and lying about his trades. I do not monitor this thread, but if anyone else thinks that is true and has evidence, it should be reported of course so he can be banned.

The opposite is true, @ron99 has been posting for years and I believed him to be a valuable and helpful member of the community. If he has been, then he deserves the respect that we all do -- and should not be accused of being a scammer without absolute proof.

Mike

Here are screenshots of the monthly statement for my personal account with purchase & sale screenshots of all of the ES futures and options acquired in March of 2020.





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  #7262 (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


Big Mike View Post
What's new with this thread?

@ron99 has gone silent?

Mike

Have been doing other types of trading lately that are not buying or selling of options.

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  #7263 (permalink)
 myrrdin 
Linz Austria
 
Experience: Advanced
Platform: TWS
Broker: Interactive Brokers
Trading: Commodities
Posts: 1,938 since Nov 2014
Thanks Given: 3,686
Thanks Received: 2,651



Big Mike View Post
Just a note that we have an upcoming webinar that you should be interested in:



Mike

Unfortunately, webinars are usually at a time, when Europeans are already sleeping. But I am sure that there will be a video.

Best regards, Myrrdin

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  #7264 (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

I have been posting energy and weather charts on my Twitter account.
https://twitter.com/Ronh999

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  #7265 (permalink)
mosalem2003
Toronto
 
Posts: 102 since Apr 2019
Thanks Given: 106
Thanks Received: 23

Given that this thread has the most experts in the domain. I am about to switch completely from trading underlying Futures to Options on Futures to account for the gaps of high margin beyond the close and premature stops. I am confused regarding what could be best ... Selling options as credit spreads or selling naked options or buying options OTM or ATM... What is the advise here from experts. It seems that there is deviation from selling options or even credit spreads though the webinar Mike posted warns from buying options ... Every advice from experts here is highly appreciated..

Sent using the NexusFi mobile app

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  #7266 (permalink)
 
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 Big Mike 
Manta, Ecuador
Site Administrator
Developer
Swing Trader
 
Experience: Advanced
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ron99 View Post
Have been doing other types of trading lately that are not buying or selling of options.

Glad to see you back and appreciate you sharing statements, for what it's worth.

Mike

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  #7267 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
Developer
Swing Trader
 
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kevinkdog View Post
I deleted my post, did not mean to cause disrespect. You asked a question, I gave what I thought was an honest answer. My bad.

Kevin, my response really should not have quoted yours. So do not worry, it is 100% understood that you were not disrespecting!

I will edit my previous post.

Mike

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  #7268 (permalink)
mosalem2003
Toronto
 
Posts: 102 since Apr 2019
Thanks Given: 106
Thanks Received: 23

Kindly @ron99 provide your new strategy details if possible as you are one of the experts in the domain.
ron99 View Post
Have been doing other types of trading lately that are not buying or selling of options.

Sent using the NexusFi mobile app

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  #7269 (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


mosalem2003 View Post
Kindly @ron99 provide your new strategy details if possible as you are one of the experts in the domain.

Sent using the NexusFi mobile app

I'm trading milk futures. Not something I would recommend to someone who doesn't have a background in the dairy industry.

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  #7270 (permalink)
 myrrdin 
Linz Austria
 
Experience: Advanced
Platform: TWS
Broker: Interactive Brokers
Trading: Commodities
Posts: 1,938 since Nov 2014
Thanks Given: 3,686
Thanks Received: 2,651



mosalem2003 View Post
Given that this thread has the most experts in the domain. I am about to switch completely from trading underlying Futures to Options on Futures to account for the gaps of high margin beyond the close and premature stops. I am confused regarding what could be best ... Selling options as credit spreads or selling naked options or buying options OTM or ATM... What is the advise here from experts. It seems that there is deviation from selling options or even credit spreads though the webinar Mike posted warns from buying options ... Every advice from experts here is highly appreciated..

Sent using the NexusFi mobile app

My approach as a discretionary trader is to select an own strategy for each trade. I like diversity not only regarding the underlying commodities, but also regarding the tool. Depending on the situation, I trade outright futures, future spreads, options, option spreads, butterflies, ...

According to my experience, there are times when the one or the other work better.

Best regards, Myrrdin

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