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)
"I sold 12 March15 calls at $58 for a $900 premium."
If I read correctly you sold 12 March 58 calls which will expire 03/18/15 .
What was the premium sold for each call? Because 58 x 12 = $696 not $900 .
Just wanted to look back at your trade. Thanks.
Can you help answer these questions from other members on NexusFi?
Thursday, February 5, 2015 4:15 pm
Eastern Standard Time (New York)
Using Options to Trade the ICE Sugar and Coffee Markets.
Please join ICE and Zaner Group as they present Paul Forchione, veteran options strategist and author of Trading Options Visually: What You Must Know to Trade Options on Futures, discussing ways to analyze and select appropriate trading strategies using ICE Sugar (SB) and Coffee (KC) options.
Among the topics covered in this webinar are:
•How to match strategic directional and implied volatility strategies for current market conditions
•Ways to employ practical techniques to obtain a trading advantage when entering markets
•Methods to construct well-crafted trading plans
This is my first post since the total destruction of my trading account courtesy of naked Gold puts explosion of a couple of years back :-(
I have been reading this threat from the start, and am currently at post 86. Good stuff-can't believe it's still going!
I'm thinking about getting back into option selling (with a few changes from the last time :-) and was thinking about just concentrating on the grains (specifically corn) to start with. My long-term goal is to learn one market at a time and become good at that, then slowly adding more markets until I can talk about them like Ron99 and the rest of you players do.
I want to start reading fundamental reports and get knowledgable about what is causing the longer-term trends. I know The Hightower Report has been mentioned here, although I know it talks about more than just grains. Is it worth the money? How about the USDA reports like WASDE? Good or a waste of time (40 pages!)? Any other reports y'all can think of that might help me become knowledagble in the corn/grains?
Currently reading Cordier's book, listening to a book on the grains business while driving, and reading your posts. I know this can be done for the long-term, since you all can't be just lucky over so many years :-) so I am in this for the long haul (retirement), and ready to study...
You can get Hightower, Wyckoff, Gramza and Dow Jones opinion/news for free from OX. Just open an account and I don't think you even have to put any money in it. My current OX account has 11 cents in it.
USDA data is good. USDA forecasts are poor.
If you are doing grains the main thing you will need to watch is weather across the globe. That makes trading grains volatile because weather is unpredictable.
One seasonal in grains I play is price dropping in Sep and rising in Oct.
PS I got nailed on that Sep 2011 Gold drop too. It was so unpredictable.
Major part of my option selling program currently is grains & beans. But in my opinion it is important to trade a large variety of commodities to avoid clump risk.
Hightower is free of charge also with deCarley Trading and RJO. It is certainly worth reading.
I also like the weekly report of Arlan Suderman (Water Street Solutions): "MarketSense Weekly". It covers Supply & Demand, weather short-term and long-term etc. You will find it via google.
My favourite regarding grains & beans is the internal reporting of RJO for their customers.
The most important thing about the USDA reports is the reaction of the markets to these reports. I only read the abstract of Hightower.
I wish you a successful re-start of your option selling activities.