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Well, rolling might be a suckers game - many people think the very same about short selling options in general.
If my account would be divided in 2 accounts, the first one applying maginx5, the other following marginx3 -- but only AFTER vol spikes have turned up ---- what would the outcome be for the aggregated accounts?
So our standard rules to the second account just selling at times of high volatility only, but with first account regularily selling less contracts (plus rolling allowed)?
Thanks
Forex37
P.S. I love to have contributed post 5005 - lovely number
After all the discussion surrounding Aug 24th and 25th I lost track of who made the trade, but whoever sold October ES 1400 puts at $4.00 or more on the 24th (I think I'm remembering correctly) -- jolly good show!
Seems like there was good volume in both futures and options for the first 4-5 hours but things dieing down now.
Option Bid/Ask now so wide you can't trade anything.
12.58am
ESU5 ~ 1924
V Wing Vol looks like its ~ +12
X Wing Vol ~ +9
For the …
On 8/28 I sold ESz5p1400s for 8.50 along with buying ESz5p1100s for 2.45 and buying 2 for each short ESv5p800 for 0.20. Got out today at 3.90 and 0.70. Keeping 800s. So that is a net of 2.65 for 19 days held.
My preliminary research is showing that there are better ways to do covered spreads than the trade above. Buying 2 options one month in front of short month looks promising. Still working on the research.
GAIN Capital has the IM at $1496. You will probably need to add the value of the option to get an apples v. apples comparison.
IB, as mentioned elsewhere in this thread, is hit-and-miss as far as being a good place to sell options. Most people say for ES they really ratchet up the margins. I trade a number of physical commodity options through them and they're fine for certain products ... maybe exchange minimum plus 10% or so.