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I sell call and put at the same time. I usually put a stop order based on futures price rather than option price itself. For anyone who do a short strangle at crude oil, what method of hedging do you prefer to use? Buying options or enter a futures position? Please share your...

Hey rcanfield, thanks a lot for your message.You sound like a very experienced trader, because you have traded for more than 13 years. Just wondering how do you mantain sufficient credits after buying a long position to protect short positions? I thought a long option at a closer strike...

I am not blindly writing options, my result speaks louder than words. Its a good way to make consistent money. Market is not efficient sometimes premium can be relatively inflated and underpriced.

lol, I agree premie is a drug When I write a naked call, my initial view of the market is bearish. However if the market proves me wrong, I turn the position into ratio spread by buying a long option closer to the money and sell another out of the money option to finance this purchase...

However hedging giving me staying power in the position or sometimes I can reverse turn a losing position into a winning one Eg: Sold Call at Strike 80 for $300 when crude oil price is at $65 then Crude Oil moved up to $67 breaching main resistance line, I wrote another option at Strike...

Does anyone use this strategy? I have been selling naked calls and puts over Crude Oil Futures with moderate success. (On 60K capital) Win ratio is about 80-90% but usually one loss could wipe out 4-5 profitable trades. I employ a risk management technique by buying a call or put to...

Does anyone use this strategy? I have been selling naked calls and puts over Crude Oil Futures with moderate success Win ratio is about 80-90% but usually one loss could wipe out 4-5 profitable trades. I employ a risk management technique by buying a call or put to protect my position...