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Updated May 26, 2022
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September 14th, 2016, 11:12 AM
Linz Austria
Experience: Advanced
Platform: TWS
Broker: Interactive Brokers
Trading: Commodities
Posts: 1,938 since Nov 2014
Thanks Given: 3,688
Thanks Received: 2,651
ron99
Is that LHz6-LHg7 or LHg7-LHz7?
That is LHG7-LHZ6 - sorry for not being exact.
Best regards, Myrrdin
September 14th, 2016, 11:21 AM
NYC, NY
Experience: Intermediate
Platform: Sierra, TT
Broker: N/A
Trading: Spread Researcher and crypto degen
Posts: 654 since May 2013
Thanks Given: 545
Thanks Received: 360
and what would be your stop loss on this
Just trying to understand spreads so sorry for the basic questions
September 14th, 2016, 11:33 AM
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
myrrdin
Bought back the LHZ C62 with a profit of 66 %. Intend to sell again LHZ calls around 56, but I doubt I will get the chance.
Added to my LHG-LHZ position instead. In recent years this spread moved up above $8, whenever there were no severe desease problems.
Best regards, Myrrdin
I have found that buying LHv6-LHz6 from 8/31 to 10/4 is a good trade. Winner 8 of last 9 years. 18 out of 20. Last losing year was 2009.
Not huge profits. Very little draw down. $750 highest last 9 years.
Average +3.025 last 9 years including losing year.
Do you want to discuss seasonal futures trades in this thread or should we do that in a new thread?
September 14th, 2016, 11:36 AM
NYC, NY
Experience: Intermediate
Platform: Sierra, TT
Broker: N/A
Trading: Spread Researcher and crypto degen
Posts: 654 since May 2013
Thanks Given: 545
Thanks Received: 360
and take it off Oct 1st week?
September 14th, 2016, 11:45 AM
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
jokertrader
and take it off Oct 1st week?
Which contract ? The spread is buying Oct which is only 30 DTE .
The Dec contract is up sometimes in Sep, down other times. Up more than down but down big this year. Same for Feb.
September 14th, 2016, 11:48 AM
Linz Austria
Experience: Advanced
Platform: TWS
Broker: Interactive Brokers
Trading: Commodities
Posts: 1,938 since Nov 2014
Thanks Given: 3,688
Thanks Received: 2,651
ron99
I have found that buying LHv6-LHz6 from 8/31 to 10/4 is a good trade. Winner 8 of last 9 years. 18 out of 20. Last losing year was 2009.
Not huge profits. Very little draw down. $750 highest last 9 years.
Average +3.025 last 9 years including losing year.
Do you want to discuss seasonal futures trades in this thread or should we do that in a new thread?
Suggest to open a new thread in the commodities section.
Best regards, Myrrdin
September 14th, 2016, 11:54 AM
Linz Austria
Experience: Advanced
Platform: TWS
Broker: Interactive Brokers
Trading: Commodities
Posts: 1,938 since Nov 2014
Thanks Given: 3,688
Thanks Received: 2,651
ron99
Which
contract ? The spread is buying Oct which is only 30
DTE .
The Dec contract is up sometimes in Sep, down other times. Up more than down but down big this year. Same for Feb.
I am bearish for the December contract this year for fundamental reasons. There is a high probability that hog supplies will exceed expectations this fall. And low cattle prices might draw some supply to this market.
Thus, I am interested in the LHG-LHZ spread, and in selling LHZ call at a higher price level.
Best regards, Myrrdin
September 14th, 2016, 02:07 PM
Linz Austria
Experience: Advanced
Platform: TWS
Broker: Interactive Brokers
Trading: Commodities
Posts: 1,938 since Nov 2014
Thanks Given: 3,688
Thanks Received: 2,651
Bought back the CZ C3.6 with a profit of 30 %.
Looks like a reversal in the daily today, and I consider the S calls as the better choice than the C calls.
Best regards, Myrrdin
September 14th, 2016, 03:12 PM
Linz Austria
Experience: Advanced
Platform: TWS
Broker: Interactive Brokers
Trading: Commodities
Posts: 1,938 since Nov 2014
Thanks Given: 3,688
Thanks Received: 2,651
Sold the GCG7 P1300.
Best regards, Myrrdin
September 16th, 2016, 09:44 AM
Ukraine
Experience: Beginner
Platform: Zaner360
Trading: Options on futures
Posts: 14 since May 2015
Thanks Given: 119
Thanks Received: 6
myrrdin
Sold the GCG7 P1300.
Best regards, Myrrdin
Is your position still on? Yesterday drop in GC was accompanied by S&P500 sharp move up, today however both sliding downwards. The vast majority of markets in red today.
I see February contract trading at ~1315 at 2.40pm GMT, so your position must be around ~1% out of the money.
I sold GCG7 P1200
Last Updated on May 26, 2022