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I've been looking at a few other options over the past week or so, specifically gold around the 900 mark. The general idea is to wait and see how the latest downtrends play out and see what the prices look like.
1. I tried to check out options prices, volume option interest and spreads on TOS for CC, CT, HO, KC, RB and S(SI) going for about 45 to 80 days and found that there were virtually no volume at 2 delta areas. Spread were also very wide.
(TOS does not have symbols for DA and LC)
Are you able to share with us how you traded these symbols for 2014
2. Only tradable symbols were ES (the best volume and spreads) CL, NG and GC, IMHO. NG is too wild for a timid trader like me, also the premium seems to surge a lot with movement of NG prices.
3. I think "selling ES puts for about 2.00 that are 80-100 DTE. Taking profit when they are at 0.50-0.80." is a good strategy as the margins and deltas are small compared to selling say 30 to 60 days away. Most importantly the gamma is so much smaller - allow me to have a good sleep. Thanks for sharing that idea
Ron,
Dont know anything abt KC Wheat
Does it have good volatility/premium?
I dont see much volume
What would ure position be in July? What premiums are typical at 0.02 delta
Also is this a staple for u?? i noticed ure 2 big positions tend to Cl and KC
Can u give me your strategy for ES puts..
a) is there a minimum premium you would like to collect
b) a minumum duration that has to be there
c) Do u ever roll the puts or get out based on ure premium increase+loss exit strategy
d) Do u also do calls if market starts to correct in the past
I have tried this on SPY Iron condors and have not found it worth my time -too much commissions and too much adjustment required as for the premium to be decent.. i have to be at much greater than 0.02 delta.. has to be more like 20 delta
thanks
i really want to learn 1 thing that is consistent and safe for the rest of my life. I would be glad to email you or talk
J
sorry if this was discussed,
I want to start off.. and really like this thread
but would like some advice on the top 3 products to research and some blueprint
min duration for each product
min premium with a very safe delta
exit strategy for losses - are they all the same as Ron initially described
much thanks to anyone who is willing to guide me
thanks
J
I have answered these questions previously in the thread. Answers to a & b are in a post 4 before yours. I suggest you read the thread because you need more research. You are clearly not ready to trade options on futures. I do not have time to hand hold beginners who haven't done proper research.
And what the hell is ure? Learn English and spelling and use it.