First time options question (using e-mini) - futures io
futures io



First time options question (using e-mini)


Discussion in Options

Updated
    1. trending_up 2,418 views
    2. thumb_up 0 thanks given
    3. group 2 followers
    1. forum 2 posts
    2. attach_file 0 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 125,000 members
  • Genuine reviews from real traders, not fake reviews from stealth vendors
  • Quality education from leading professional traders
  • We are a friendly, helpful, and positive community
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts
  • We are here to help, just let us know what you need
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

(If you already have an account, login at the top of the page)

 
Search this Thread
 

First time options question (using e-mini)

(login for full post details)
  #1 (permalink)
wallsteetking
MN
 
 
Posts: 25 since Feb 2011
Thanks: 4 given, 0 received

First I want to say that I have zero experience trading options, or how they work so this question may sound stupid, but if someone can explain to me how to achieve this strategy your help will be much appreciated.

I trade the e-mini and I have a system that goes long on the open and the position is held till the close of the day. my hard stop is 50 points . My question is can I use options to reduce the risk if the markets does not go up, instead it starts falling. Furthermore, If my strategy works and the market goes higher I don't want the option to hurt me . So pretty much I am looking for a win / win situation. is that realistic with options.

Reply With Quote

Journal Challenge April 2021 results (now extended!):
Competing for $1800 in prizes from Jigsaw
looks_oneMaking a Living with the Microsby sstheo
(96 thanks from 15 posts)
looks_twoSalao's Journalby Salao
(32 thanks from 7 posts)
looks_3Deetee’s DAX Trading Journal (time based)by Deetee
(26 thanks from 10 posts)
looks_4Learning to Profit - A journey in algorithms and optionsby Syntax
(13 thanks from 8 posts)
looks_5Maybe a little bit different journalby Malykubo
(9 thanks from 8 posts)
 
Best Threads (Most Thanked)
in the last 7 days on futures io
Would You Sell Your System?
73 thanks
The Crude Dude Oil Trading System
40 thanks
Big Mike in Ecuador
39 thanks
The New Micro Contract - MICRO BITCOIN coming May 2021
24 thanks
futures io site changelog and issues/problem reporting
24 thanks
 
(login for full post details)
  #3 (permalink)
 sam028 
Site Moderator
 
 
sam028's Avatar
 
Posts: 3,671 since Jun 2009
Thanks: 3,789 given, 4,505 received


An option is an insurance, so it cannot be a win/win situation: you have to pay for this insurance.
If you go long, you can sell a ATM Call, or buy an ATM Put, to limit your risk. And also limit your profits.
It's a loser/loser situation, imho .

Success requires no deodorant! (Sun Tzu)
Follow me on Twitter Reply With Quote


futures io Trading Community Traders Hideout Options > First time options question (using e-mini)


Last Updated on October 29, 2011


Upcoming Webinars and Events
 

NinjaTrader Indicator Challenge!

Ongoing
 

Journal Challenge w/$1,800 in prizes!

April

Seven Trading Mistakes Solved With Smart Trading Tools w/Brannigan Barrett

Elite only
     



Copyright © 2021 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