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Did you mark both sides of that spread in the S1 column with the same number and select both rows before clicking Track Historic (that is how the spreadsheet knows you want it to be treated as a spread)?
Hi All,
Just I just registered for this forum specifically to learn more about writing options. Name is Steve, I'm 29, and a novice investor when it comes to options and commodities. I have been building up a modest retirement portfolio of stock equities since 2007.
I am very intrigued by the idea of diversifying and selling premium on futures options. I'm Currently reading Cordier's Complete Guide to Selling Options and came here to watch and learn how you experienced and active traders think and make decisions.
Looking forward to getting getting started and getting to know you fine folks and learning from your experiences as well
Does anyone have any recommendations as far as a Paper Trading platform or tools to track options trade positions?
So to follow up on this, on Thursday 1/28 with CLJ6 at 34.75, implied volatility at 68%, with an IV Rank at 94%, I wrote the following option strangles:
34.5 put and 35 call for 5.93 (essentially a straddle)
29.5 put and 43 call for 1.89
26 put and 46 call for .93
My expectation is that CL will move into a trading range for the next few weeks. If so, implied volatility will decline sharply, IV Rank will get back down towards 50%. Also, time will pass, so both will result in substantial decline in option premiums. With just the choppiness on Friday 1/29, implied volatility fell to 62%, IV Rank declined to 82%, and these positions are already showing good profits.