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Maybe better to ride that learning curve with equity options...? Even then, it takes a somewhat large account to really sleep well if you are a premium seller on anything but small equities.
Trading: Primarily Energy but also a little Equities, Fixed Income, Metals, U308 and Crypto.
Frequency: Many times daily
Duration: Never
Posts: 5,059 since Dec 2013
Thanks Given: 4,410
Thanks Received: 10,226
Just as a reference, todays cash index prices...
Northeast
- New England $26.38 +$6.09 !!! (Algonquin)
- New York City $6.72 -$10.37 !!! (Transco Z6)
Gulf Coast
- Louisiana $4.40 +$0.16 (Henry)
- Houston $4.35 +$0.16 (HSC & Katy)
Mid-continent
- Chicago $4.64 +$0.06
Rockies
- Rockies $4.43 -$0.03
West
- San Fran $4.7+ +$0.05 (PG&E)
- Southern California $4.72 unch (Socal Border)
Its all good. I deviated from my, your, plan because i got too cocky and got bent over because of it. i was way too heavy in NG and paid the price. I really need to trade more markets. I put it down to the cost of education. What i have learnt from you and the other guys on the forum more than pays for the loss. I am not too worried because i know in the end i will make it back.
It was very interesting staying up overnight and watching the underlying and the pricing of the associated options. Usually i am well and truly asleep when all the action happens. It was a very good learning experience to watch the dance between bid and offer. the fed 5200 Calls danced all night. Usually i just get to see the end product of whats happened, and too be honest after last night i think i prefer that.