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Search: Posts Made By: myrrdin
Forum: Options July 28th, 2023, 12:02 PM
Replies: 7,370
Views: 1,986,024
Posted By myrrdin
I am living in Austria, and we are happy to have...

I am living in Austria, and we are happy to have own tax laws, which have significant advantages regarding option trading. But there are other disadvantages.

All the best, Myrrdin
Forum: Options July 17th, 2023, 12:30 PM
Replies: 7,370
Views: 1,986,024
Posted By myrrdin
I fully agree. I reduced options trading...

I fully agree. I reduced options trading significantly, when I had to leave my US Broker, as they were not able to provide reporting that is accepted by the Austrian tax authorities.

At IB margin...
Forum: Options July 16th, 2023, 02:23 PM
Replies: 7,370
Views: 1,986,024
Posted By myrrdin
I am unable to suggest a commodity suited for...

I am unable to suggest a commodity suited for your trading, as my style of option trading is very different.

But if you intend to leave Germany next year and in this way solve your tax problem, I...
Forum: Options July 15th, 2023, 12:55 AM
Replies: 7,370
Views: 1,986,024
Posted By myrrdin
Welcome, It is difficult to answer your...

Welcome,

It is difficult to answer your question without knowing which style of trading you follow in future trading.

There are major differences between future trading and option selling....
Forum: Options May 25th, 2022, 04:31 AM
Replies: 7,370
Views: 1,986,024
Posted By myrrdin
For clarification: SPAN margin is the minimum...

For clarification: SPAN margin is the minimum margin that has to be applied by all brokers. But they are free to apply higher margins.

Interactive Brokers tries to keep risk low, and applies...
Forum: Options May 25th, 2022, 03:02 AM
Replies: 7,370
Views: 1,986,024
Posted By myrrdin
There are different margins for different...

There are different margins for different brokers.

I worked with Carley Garner, who does an excellent job. She charges SPAN margins for short option positions. (I had to leave her, because the...
Forum: Options August 16th, 2021, 11:50 AM
Replies: 7,370
Views: 1,986,024
Posted By myrrdin
When I talk about weather markets, I mean a...

When I talk about weather markets, I mean a certain time of the year when future prices for a certain commodity are strongly influenced by the weather and show large price movements.

Examples:...
Forum: Options August 16th, 2021, 10:21 AM
Replies: 7,370
Views: 1,986,024
Posted By myrrdin
I follow a lot of different strategies in futures...

I follow a lot of different strategies in futures and options trading for 15 - 20 years, depending on the situation. When selling strangles I usually proceed as follows:

I only sell strangles at...
Forum: Options August 13th, 2021, 01:34 AM
Replies: 7,370
Views: 1,986,024
Posted By myrrdin
Carley is always ready to discuss your trading...

Carley is always ready to discuss your trading strategies.

And in case of problems with Gain Capital (eg. regarding trading tool or reporting), she takes care in a very helpful manner.

As a...
Forum: Options August 12th, 2021, 03:29 PM
Replies: 7,370
Views: 1,986,024
Posted By myrrdin
I was a customer of Carley Garner for some years,...

I was a customer of Carley Garner for some years, and I was very satisfied with her services. Fees are higher than at IB, but her service is extraordinary.

Carley supports options selling. You...
Forum: Options March 8th, 2021, 11:46 PM
Replies: 7,370
Views: 1,986,024
Posted By myrrdin
I do not look for an absolute value of IV, but...

I do not look for an absolute value of IV, but for the seasonal chart, and for values in former years in similar situations.

My special attention goes to events that end the phase of high...
Forum: Options March 8th, 2021, 08:39 AM
Replies: 7,370
Views: 1,986,024
Posted By myrrdin
Yes, MRCI shows seasonal charts for volatility....

Yes, MRCI shows seasonal charts for volatility. They clearly show, when there is a high volatility every year.

It is usually easy to find out the reasons. Temperatures in winter are hard to...
Forum: Options March 3rd, 2021, 03:31 AM
Replies: 7,370
Views: 1,986,024
Posted By myrrdin
I sell ATM puts in special fundamental...

I sell ATM puts in special fundamental situations. But it seems to be your intention to sell ATM puts regularly based on the chart. I do not have any experience in this kind of trading.

I suggest...
Forum: Options March 3rd, 2021, 02:21 AM
Replies: 7,370
Views: 1,986,024
Posted By myrrdin
I sold the HEJ C90 recently as a more speculative...

I sold the HEJ C90 recently as a more speculative trade, and the LCQ P116, as I consider this contract to be severely undervalued. But these are other strategies. I just want to show that there is a...
Forum: Options March 2nd, 2021, 04:52 PM
Replies: 7,370
Views: 1,986,024
Posted By myrrdin
Usually I sell both legs at the same time....

Usually I sell both legs at the same time. Compared to your example, I go further OTM and enter with more DTE.

Best regards, Myrrdin
Forum: Options March 2nd, 2021, 02:26 PM
Replies: 7,370
Views: 1,986,024
Posted By myrrdin
I would summarize my strategy as selling...

I would summarize my strategy as selling strangles(!) in high volatility based on MRCI data. This is only one of my strategies.

I do not consider the absolute delta levels. On the one hand, I am...
Forum: Options March 2nd, 2021, 03:24 AM
Replies: 7,370
Views: 1,986,024
Posted By myrrdin
In recent months, I made most money in naked...

In recent months, I made most money in naked option selling when I sold strangles at times of high volatility. I avoid well-known weather markets, eg. NG options from Z to H, and C as well as S...
Forum: Options February 28th, 2021, 02:00 AM
Replies: 7,370
Views: 1,986,024
Posted By myrrdin
My approach as a discretionary trader is to...

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...
Forum: Options February 27th, 2021, 05:00 PM
Replies: 7,370
Views: 1,986,024
Posted By myrrdin
Unfortunately, webinars are usually at a time,...

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
Forum: Options January 30th, 2021, 01:25 AM
Replies: 7,370
Views: 1,986,024
Posted By myrrdin
There is a lot of information on option selling...

There is a lot of information on option selling in this thread and in the thread "Diversified Option Selling Portfolio". But I do not remember any successful selling of weeklies of the ES described...
Forum: Options October 29th, 2020, 11:13 AM
Replies: 7,370
Views: 1,986,024
Posted By myrrdin
ESZ denotes the ES future with expiry in...

ESZ denotes the ES future with expiry in December. Expiry date this year is the 18th of December.

Yes, I received a credit of 100 USD per spread.

Best regards, Myrrdin
Forum: Options October 28th, 2020, 10:32 AM
Replies: 7,370
Views: 1,986,024
Posted By myrrdin
Just took up Ron's idea from some time ago and...

Just took up Ron's idea from some time ago and sold some ESZ 1xP2000-2xP1500 spreads for 100 USD each.

I am aware of the risk of this type of position, and, thus, current margin is only approx. 5...
Forum: Options July 29th, 2020, 08:42 AM
Replies: 7,370
Views: 1,986,024
Posted By myrrdin
If anything, I would use the relatively high...

If anything, I would use the relatively high volatility to sell very wide strangles. But in my opinion there are better trades around.

I prefer trading the metals via futures currently.

Best...
Forum: Options July 29th, 2020, 06:43 AM
Replies: 7,370
Views: 1,986,024
Posted By myrrdin
I still sell options. I used the shortterm...

I still sell options.

I used the shortterm rise in volatility to sell strangles in CL, NG, and KC. The CL trade is already closed with a nice profit.

And I sold directional trades using ATM...
Forum: Options June 13th, 2020, 04:08 PM
Replies: 7,370
Views: 1,986,024
Posted By myrrdin
It is essential in trading to know, when you have...

It is essential in trading to know, when you have to change strategy. And it helps a lot to have a large basket to choose from.

I made a lot of money with opion selling, but have almost no such...
Showing results 1 to 25 of 287

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