Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
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 for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
@Big Mike introduced me to this thread; I haven't gotten a chance to go all the way through it but I can see there are some high quality ideas and posts.
We advocate option selling strategies to our brokerage clients (which is a far different stance than most brokerage firms take). However, I like the idea of selling options against the trend in highly volatile situations. When a market move becomes over-extended, speculators tend to assume "the trend will always be their friend" and they bid up the value of OTM options. We look at this as an opportunity to sell option premium at what we hope are over-valued levels.
For instance, on Friday, we were selling June ZB (30-year bond) 152 calls for about 30 ticks. The options were trading near 6 ticks less than a week prior. The quadrupling of the value suggests to us that if ZB futures stablize, this option stands to lose value quickly. In a perfect scenario, we would be able to buy this option back for a quick profit in the coming sessions.
*There is substantial risk of loss in trading futures and options.
If you have any questions about the products or services provided by DeCarleyTrading, please send me a Private Message or use the futures.io " Ask Me Anything" thread.
Trading futures and options takes long hours of research and studying. It appears you are unwilling to do that. You haven't read the thread. You are asking us to give you "brief outlines" and summaries of things we have already posted.
If you are unwilling to put in the hours required then you will not be a successful trader. This is not a get rich quick and easy scheme.
@ron99 @opts I'm also using QST for option charting/trading. They have various packages, I subscribe to the most expensive which might not make sense to the average retail trader, but with this version they offer a premium option chain which includes live deltas, Greeks, and vol readings. However, I keep things simple...and tend to not put too much into the Greeks. I look at the option price chart, delta (which is a rough probability estimate of an option expiring ITM) and a futures chart. KISS (Keep It Simple Stupid)
*There is substantial risk of loss in trading futures and options.
If you have any questions about the products or services provided by DeCarleyTrading, please send me a Private Message or use the futures.io " Ask Me Anything" thread.
I am using the Hoadley finance AddIn which allows the calculation of deltas, it is slightly different to OX, but passable for my needs.
Angelo, I have to agree 100% with Ron, just trying to pick up a quick summary is inadequate. Spend the time to slowly read and absorb what has been so kindly taught from the start and you will be glad you did, trust me. I have been going slowly with this for a year now with Ron's kind guidance and i still feel like i am a noob. One thing you will see as you read through is that there are people approaching the same markets in different ways, you need to take all that in and find which way sits best with you - don't take the shortcuts or you will have your ass handed to you again as you put it. Also, don't be so quick to write off Cordiers book, it is great overview of the business we are in and how to approach it, add to that some of the finer points re risk management from this thread and you are on the path.
Some very interesting data from the futures only DCOT report. All time high for specs total positions and more importantly all time high for spec short positions for the 23 contracts I keep track of.
The specs are in the markets and pushing it around.
New all time high or near to for net shorts for specs in GC, SI , HG, KC, SB, LC, and LH.
New all time high for net longs for specs for NG and close to new high for CT.
@shawn4069 Thanks for the inquiry, I private messaged you as well but for others that might be interested. This recommendation was issued on a newsletter we write exclusively for our brokerage clients. You can visit our website, or send me an email for more information or for a free trial
We are anticipating this week's Treasury auctions (supply) and the equity earnings season could keep the ZB in correction mode in the short-run. In a perfect world, we will be looking to offset this position later this week or early next week with 60 to 70% of the option premium eroded.
*There is substantial risk of loss in trading futures and options.
If you have any questions about the products or services provided by DeCarleyTrading, please send me a Private Message or use the futures.io " Ask Me Anything" thread.