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Updated July 28, 2023
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May 16th, 2014, 04:11 AM
Kazan russia
Posts: 31 since Dec 2013
Thanks Given: 2
Thanks Received: 5
haeloong
Hi Chris,
I tried but not sure which file that you are looking for.
You may click on the "Thread Tools", choose the "Show Attachment" to find the file.
Anyway may you share the file out?
I think it is a good way to set up our plan for a trade.
Thanks.
this is my file report to use 2month strangle selling
Attached Files
Elite Membership required to download: statement.xlsx
Can you help answer these questions from other members on NexusFi?
Best Threads (Most Thanked) in the last 7 days on NexusFi
May 16th, 2014, 04:27 AM
Kazan russia
Posts: 31 since Dec 2013
Thanks Given: 2
Thanks Received: 5
haeloong
Referring to
TOS platform, the /CL 94P JUL PTIM=7.5% and 105C JUL PITM=25%
The premiums are extremely rich at call options but risky.
May I know how do judge the trade position and what is your strategy for recovery/rolling if required?
Mind to share?
Thanks.
it not looks like i'm selling just what i'm writing . this is just MY range on CL expiration. someone may use it to trade comfortable for him. i use backratio spreads on puts
example : +101.5/-97-97 jul put
+101/-95-95 aug put
May 16th, 2014, 09:03 AM
BOSTON, MA
Legendary Market Wizard
Experience: Advanced
Platform: Tradestation, TOS
Trading: ES, CL, GC
Posts: 7,254 since Oct 2010
Thanks Given: 3,478
Thanks Received: 15,818
haeloong
I tried to negotiate lower commission charge with OX live help but they refused and maintained at USD6.99 per
contract .
They want to me to fund more capital up to USD30K. It is also ridiculous with their crazy requirement of trading at least average 50-100
contracts weekly.
The real fact is that I cannot afford to trade large number of contracts due to my small capital account.
But high commission charge really does not encourage the trader to be with them in long term relationship.
I am using the
thinkorswim platform to monitor and see all the necessary parameters for my live trading in OX.
The platform is really comprehensive and they offer the commission as low as USD3.50 per contract.
Is thinkorswim is a better choice at all?
What an inspiration for retail trades. Karen Supertrader and she uses TOS and have been from day one. Opened
first account with 10K. 2 years later addedd 100k. Took it to 150k next year. Raised $42 million from investors in 2008 and
rest is history.
Key point: As Karen said " She is a 10 year overnight succes". No need to rush into trading , PRACTICE, PRACTICE till every mistake has been made and start small.
May 16th, 2014, 09:20 AM
Steubenville Ohio
Experience: Intermediate
Platform: OX, OEC, RJO
Trading: Options on Futures
Posts: 266 since Sep 2012
Thanks Given: 30
Thanks Received: 274
haeloong
I tried to negotiate lower commission charge with OX live help but they refused and maintained at USD6.99 per
contract .
They want to me to fund more capital up to USD30K. It is also ridiculous with their crazy requirement of trading at least average 50-100
contracts weekly.
That seems odd, OX has been at $3.50 per side for futures and options on futures, regardless of trading activity, for over a year ... unless you were looking at stock/index options.
OX Commissions
May 16th, 2014, 09:27 AM
Richland WA/USA
Experience: Intermediate
Platform: tws, tos
Trading: RUT, GC, CL
Posts: 38 since Mar 2013
Thanks Given: 10
Thanks Received: 20
haeloong
I tried to negotiate lower commission charge with OX live help but they refused and maintained at USD6.99 per
contract .
They want to me to fund more capital up to USD30K. It is also ridiculous with their crazy requirement of trading at least average 50-100
contracts weekly.
The real fact is that I cannot afford to trade large number of contracts due to my small capital account.
But high commission charge really does not encourage the trader to be with them in long term relationship.
I am using the
thinkorswim platform to monitor and see all the necessary parameters for my live trading in OX.
The platform is really comprehensive and they offer the commission as low as USD3.50 per contract.
Is thinkorswim is a better choice at all?
Don't know much about OX but I am liking thinkorswim(tos). I just switched there recently from IB, which was killing with huge margins. My commissions on TOS are $2 per contract(one way, not RT) so on CL the total cost is ~3.5. This is way higher than IB where commissions are .75, but I can live with it.
May 16th, 2014, 09:34 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
effective
Don't know much about OX but I am liking
thinkorswim (tos). I just switched there recently from IB, which was killing with huge margins. My commissions on
TOS are $2 per
contract (one way, not RT) so on CL the total cost is ~3.5. This is way higher than IB where commissions are .75, but I can live with it.
TOS does not trade a lot of different futures commodities. So check to make sure you can trade the commodities you want to trade.
May 16th, 2014, 10:21 AM
Richland WA/USA
Experience: Intermediate
Platform: tws, tos
Trading: RUT, GC, CL
Posts: 38 since Mar 2013
Thanks Given: 10
Thanks Received: 20
ron99
TOS does not trade a lot of different futures commodities. So check to make sure you can trade the commodities you want to trade.
Good point. I am currently trading Gold (GC) and Crude (CL) options. Looking to may be start on Euro (6E) and Emini (ES).
What other futures would you recommend that have good liquidity and sufficient premium for options selling?
Here is the link to futures traded on TOS
https://www.tdameritrade.com
May 16th, 2014, 12:02 PM
Lancashire UK
Posts: 52 since Jan 2013
Thanks Given: 42
Thanks Received: 32
effective
What other futures would you recommend that have good liquidity and sufficient
premium for options selling?
If you look at the PCSPAN thread
Dudetooth's invaluable spreadsheet has a list of lots of liquid (and some illiquid) options that it scans for.
Enjoy!
Chris
May 16th, 2014, 12:38 PM
Richland WA/USA
Experience: Intermediate
Platform: tws, tos
Trading: RUT, GC, CL
Posts: 38 since Mar 2013
Thanks Given: 10
Thanks Received: 20
MGBRoadster
If you look at the PCSPAN thread
Dudetooth's invaluable spreadsheet has a list of
lots of liquid (and some illiquid) options that it scans for.
Enjoy!
Chris
Thanks Chris! Really glad I came across this thread. Tons of information, will take me a while to get through all the posts. Hats off to ron99 for starting this.
May 16th, 2014, 01:12 PM
Richland WA/USA
Experience: Intermediate
Platform: tws, tos
Trading: RUT, GC, CL
Posts: 38 since Mar 2013
Thanks Given: 10
Thanks Received: 20
My current strangle on CL. I typically try to keep it more or less delta neutral .
Last Updated on July 28, 2023