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Search: Posts Made By: mu2pilot
Forum: Options August 27th, 2015, 07:06 PM
Replies: 7,370
Views: 1,987,295
Posted By mu2pilot
OCC - ENCORE (TM)...

OCC - ENCORE (TM) (http://apps.theocc.com/pmc/pmc.do)

One of the most, if not THE most, non-intuitive programs/apps I've ever used. I got it to work and was able to get good information from it,...
Forum: Options August 27th, 2015, 06:00 PM
Replies: 7,370
Views: 1,987,295
Posted By mu2pilot
Did you mean if volatility doesn't change? Delta...

Did you mean if volatility doesn't change? Delta is going to change as you get closer to expiration.
Forum: Options August 27th, 2015, 04:32 PM
Replies: 7,370
Views: 1,987,295
Posted By mu2pilot
I've compared them in the past (there's actually...

I've compared them in the past (there's actually a portfolio margin calculator online) and they were pretty close. Definitely not 2:1 difference. If anything portfolio margin offered slightly more...
Forum: Options August 27th, 2015, 02:58 PM
Replies: 7,370
Views: 1,987,295
Posted By mu2pilot
No, that was Ron's original method, selling 2...

No, that was Ron's original method, selling 2 delta puts on different futures markets. Karen, at least in the TastyTrade videos, said she sold 5 delta puts and 10 delta calls because "the market...
Forum: Options August 27th, 2015, 09:53 AM
Replies: 7,370
Views: 1,987,295
Posted By mu2pilot
I wonder how Karen the Supertrader made out...

I wonder how Karen the Supertrader made out during the recent few days. Anyone heard? In the past, she sold 5 delta puts and risked 50% of her capital (aka IMx2). I know that they have been...
Forum: Options August 25th, 2015, 04:03 PM
Replies: 7,370
Views: 1,987,295
Posted By mu2pilot
As much as all these markets are arb'd, I would...

As much as all these markets are arb'd, I would have to believe that SPY is going to move lockstep with corresponding ES options. Any mispricing would be exploited.
Forum: Options June 26th, 2015, 03:06 PM
Replies: 7,370
Views: 1,987,295
Posted By mu2pilot
Add my name to the list for pre-2013 span files. ...

Add my name to the list for pre-2013 span files. I called the CME just a couple days ago and inquired as to their availability and was told that they are looking to sell those files through their...
Forum: Options June 20th, 2015, 01:39 PM
Replies: 7,370
Views: 1,987,295
Posted By mu2pilot
I think a more important consideration is the...

I think a more important consideration is the fact that the drawdown % was 41% trading the high delta options vs 24% trading 3 Delta options. This is an example of the market coming back. We all...
Forum: Options October 15th, 2014, 10:25 AM
Replies: 7,370
Views: 1,987,295
Posted By mu2pilot
I suspect there are lots of traders experiencing...

I suspect there are lots of traders experiencing pain in the big oil move. I know I have been. I'm out of all my put positions (taking some significant losses) except one, a 73 put that expires...
Forum: Options September 22nd, 2014, 07:48 PM
Replies: 7,370
Views: 1,987,295
Posted By mu2pilot
Hummingbird, the most you can lose when you buy...

Hummingbird, the most you can lose when you buy an option is the cost of the option.


Sent from my iPad using Tapatalk HD
Forum: Options September 21st, 2014, 10:06 AM
Replies: 7,370
Views: 1,987,295
Posted By mu2pilot
In your example, I believe he is saying at 14...

In your example, I believe he is saying at 14 days reduce it to 2x original IM or $300 and then at 7 days reduce it to 1x or $150. Assuming the option is still far OTM. Ron, please correct me if...
Forum: Options September 17th, 2014, 05:29 PM
Replies: 7,370
Views: 1,987,295
Posted By mu2pilot
This is a futures account and not subject to...

This is a futures account and not subject to Reg-T. The margin requirement is set by SPAN. As I posted, the margin requirement per option with I opened this trade was $389.40. My rule is to set...
Forum: Options September 17th, 2014, 05:26 PM
Replies: 7,370
Views: 1,987,295
Posted By mu2pilot
Ron typically doesn't sell options with a value <...

Ron typically doesn't sell options with a value < $30. But if you do this trade, your ROI will be more like 3.7%:

$20-6.50 commission/fees / 222 / 49 * 30

I guess if you have 50 free trades...
Forum: Options September 17th, 2014, 05:00 PM
Replies: 7,370
Views: 1,987,295
Posted By mu2pilot
IM when I put the trade on was $389.40. Here...

IM when I put the trade on was $389.40.

Here is the math:

I sold 40 options @ $0.03. My gross premium received was $2400.00. Commissions and fees on the opening sale was $256.40, for a net...
Forum: Options September 17th, 2014, 10:21 AM
Replies: 7,370
Views: 1,987,295
Posted By mu2pilot
I sold these at $0.03 on 9/10. I'm buying them...

I sold these at $0.03 on 9/10. I'm buying them back today at $0.01 for a 7-day 2.8% ROI. That's 145% annual ROI. Good stuff. Thanks Ron!!
Forum: Options September 15th, 2014, 03:50 PM
Replies: 7,370
Views: 1,987,295
Posted By mu2pilot
Portfolio Margin doesn't apply to options on...

Portfolio Margin doesn't apply to options on futures. You are looking for "SPAN Minimum" margin. IB, TOS, OX and most of the other big guys don't offer SPAN minimum nor are they particularly...
Forum: Options September 3rd, 2014, 11:23 AM
Replies: 7,370
Views: 1,987,295
Posted By mu2pilot
No disagreement on any of your points, just...

No disagreement on any of your points, just curious. I've also had a good experience with DeCarley although Carley has struggled with Crossland/Wedbush to open up the margins needed so that I can...
Forum: Options September 3rd, 2014, 10:35 AM
Replies: 7,370
Views: 1,987,295
Posted By mu2pilot
That sounds kinda high, $8.14 for a full turn? ...

That sounds kinda high, $8.14 for a full turn? I'm sure you know that there are many brokers offering better commission rates.
Forum: Options August 22nd, 2014, 09:18 AM
Replies: 7,370
Views: 1,987,295
Posted By mu2pilot
Trading Futures Options in an IRA

ddu-

I have 2 IRAs that I trade futures options in. To do that, as Ron said, you have to open up a self-directed IRA with a company that allows the trading of futures options. This company also...
Forum: Options July 14th, 2014, 01:32 PM
Replies: 7,370
Views: 1,987,295
Posted By mu2pilot
I know we're not supposed to "pollute" this...

I know we're not supposed to "pollute" this thread with thank you messages (and I typically follow that rule) but I wanted to say "THANKS" to Ron99 for his milk trade recommendation. I bought my 20...
Forum: Options June 11th, 2014, 12:30 PM
Replies: 7,370
Views: 1,987,295
Posted By mu2pilot
Exiting on Delta rise might be a valid exit...

Exiting on Delta rise might be a valid exit strategy. Honestly, just about any exit strategy will work provided you follow your rules and give the trade enough room to work.

Having said that, I...
Forum: Options June 10th, 2014, 11:39 PM
Replies: 7,370
Views: 1,987,295
Posted By mu2pilot
Blaine- Welcome to the thread. Always good...

Blaine-

Welcome to the thread. Always good to have another option seller aboard.

When you calculate how much a trade has gone against you, you include the increase in margin AND loss of...
Forum: Options June 10th, 2014, 11:11 PM
Replies: 7,370
Views: 1,987,295
Posted By mu2pilot
For you CL option sellers

Don't want to go off topic in Ron's thread, so I posted a link to a story about oil production in another forum. Check it here....
Forum: Options June 9th, 2014, 05:30 PM
Replies: 7,370
Views: 1,987,295
Posted By mu2pilot
Probably stating the obvious, but if you close...

Probably stating the obvious, but if you close the trade early, the ROI calculation would be:

365/Days Held/12*Net Profit/(Beginning Initial Margin + Excess)
Forum: Options June 8th, 2014, 10:08 AM
Replies: 7,370
Views: 1,987,295
Posted By mu2pilot
Thanks SMCJB and yes, I am aware of their...

Thanks SMCJB and yes, I am aware of their correlation and alluded to that in my post.
Showing results 1 to 25 of 74

What unexpected challenges have you encountered while trading on a "Funded Trader" platform?

 


 
 


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