Dark Theme
Light Theme
Trading Articles
Article Categories
Article Tools
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)
Updated July 28, 2023
Top Posters
looks_one
ron99
with 2,221 posts (4,489 thanks)
looks_two
SMCJB
with 346 posts (733 thanks)
looks_3
kevinkdog
with 341 posts (400 thanks)
looks_4
myrrdin
with 288 posts (408 thanks)
Best Posters
looks_one
SMCJB
with 2.1 thanks per post
looks_two
ron99
with 2 thanks per post
looks_3
myrrdin
with 1.4 thanks per post
looks_4
kevinkdog
with 1.2 thanks per post
trending_up
2,305,310 views
thumb_up
9,259 thanks given
group
458 followers
forum
7,370 posts
attach_file
794 attachments
February 14th, 2017, 02:30 PM
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
ron99
Sold today ESk7p1825p1580(2) for 1.80.
On 1/24/17 I sold ESk7p1825p1580(2) for 1.80. Exited today at 0.90. Days held was 21. Using 6X IM the monthly ROI was 2.4%.
Sold today ESm7p1905p1650(2) for 2.25.
Sold today ESm7p1910p1650(2) for 2.35.
Can you help answer these questions from other members on NexusFi?
Best Threads (Most Thanked) in the last 7 days on NexusFi
February 14th, 2017, 11:38 PM
Springfield USA
Posts: 18 since Jan 2017
Thanks Given: 5
Thanks Received: 19
Just out of curiosity. What would happen if you sold a put spread in ES and you held it to expiry. Does it just expire like a SPX or SPY put spread and you just claim the full credit?
February 15th, 2017, 05:17 AM
Philadelphia, PA
Experience: Advanced
Platform: Matlab, TradeStation
Trading: Stocks
Posts: 211 since Aug 2012
Thanks Given: 5,192
Thanks Received: 296
ron99
...
Sold today ESm7p1905p1650(2) for 2.25.
Sold today ESm7p1910p1650(2) for 2.35.
@ron99
Why two sets of contracts instead of the usual 1?
February 15th, 2017, 08:38 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
Flintsone99
Just out of curiosity. What would happen if you sold a put spread in ES and you held it to expiry. Does it just expire like a SPX or SPY put spread and you just claim the full credit?
Yes. But most of the time your ROI would be lower than exiting earlier.
Here is the post in this thread that shows my study.
February 15th, 2017, 08:44 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
GoldenRatio
One account of mine had a different spread on and I exited it earlier in the day than the other spread that the majority of my accounts had on.
When I did the spreads later in the day I found the 1910 strike was bid 0.25 higher than the 1905 strike. Better possible ROI.
February 15th, 2017, 01:08 PM
Tallinn, Estonia
Experience: Intermediate
Platform: Tradestation
Broker: IB, Tradestation
Trading: Options on Futures
Posts: 13 since Apr 2011
Thanks Given: 235
Thanks Received: 40
Do you guys have any recommendation where to check delta values for ES options. Although not ideal, I'm using IB right now and they have changed their delta calculations completely with the newer updates of their workstation. For example for the spread that Ron sold today I would have the following delta values: -0.0007 for p1650 and -0.0281 for p1905.
I have also access to delayed quotes on ToS platform (demo), but as the data is rounded to a large extent, I'm not sure that I'm getting similar results as you. Right now the correct spread I would assume according to ToS would be ESm7p1955p1730(2).
February 15th, 2017, 01:24 PM
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
Jyrgen
Do you guys have any recommendation where to check
delta values for ES options. Although not ideal, I'm using IB right now and they have changed their delta calculations completely with the newer updates of their workstation. For example for the spread that Ron sold today I would have the following delta values: -0.0007 for p1650 and -0.0281 for p1905.
I have also access to delayed quotes on
ToS platform (demo), but as the data is rounded to a large extent, I'm not sure that I'm getting similar results as you. Right now the correct spread I would assume according to ToS would be ESm7p1955p1730(2).
CME delta prior day settlements are available here in their Daily Bulletins
Daily Bulletin
Here are the ES puts
https://www.cmegroup.com/daily_bulletin/current/Section48_E_Mini_S_And_P_500_Put_Options.pdf
For Feb 14th
June 1905 is .043 or 4.30%.
June 1910 is .045 or 4.50%.
June 1650 is .012 or 1.20%.
June 1925 is .049 or 4.90%.
June 1930 is .051 or 5.10%.
June 1700 is .050 or 5.00%.
Unless futures are up or down by double digits I use these deltas.
February 17th, 2017, 02:17 PM
Germany
Experience: Intermediate
Platform: TWS
Trading: Options on futures
Posts: 155 since Jul 2014
Thanks Given: 341
Thanks Received: 142
BTW Jyrgen, these deltas Ron lists where the same in my TWS from IB
February 17th, 2017, 02:46 PM
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
ron99
Obviously the delta for the 1700 is wrong.
Last Updated on July 28, 2023