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Can you please elaborate on how you calculate the MM% of 61.1% and 87.7% from these positions?
Would this calculation be correct (I am using the approximation based on the example you had in your webinar, although I am off by a few percentage point). MM% = (Current IM - Initial Premium Collected + Current Premium) / Account Value
Greatly appreciate your advise, Thomasthomsen. I am fairly new to options on futures, been more active on the options on equities, I will slowly learn the rope on other potential commodities that I can trade to diversify my risk. I used to have 2% risk at any given position, but I would have 10 different positions at any given moment in equities (Max 20% on portfolio). May I ask for your recommendation of a more normal/conservative risk on portfolio?
I hadn't thought about buying butterfly before. In 2017 when it was continually running up, have you had a time where the price blast through your break even point on the butterfly? (i.e., leaving the short call and butterfly at a lost). If there will ever be such a case, would add additional long butterfly to manage the position, or would you roll the untested put side up, or both (selling put to pay for the butterfly)?
If you are interested in deversifying your portfolio please read through the thread "Diversified Option Selling Portfolio". You will find a lot of ideas, and information on balancing your portfolio, Position size etc.
I dont know a lot about options trading. Are there any known options traders out there that y'all would be interested in seeing in a webinar? I am looking for ideas.