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Guys, while you said much about sharp moves that can wipe out premium sellers, why you didn't say the timeframe it could happen in? Any examples of really sharp (more than 1 SD at least) moves in commodities? Do I have any statistical edge while trying to short strikes that are close to 2SD...

True. Nevertheless, raised vol and so unrealized loss doesn't hurt me until I'll figure out chance are high to be expired in money i.e. price is close to strikes. That's why I prefer to be exposed for as short as possible, shorting month expiration options.

How far in SD's you choose strikes when going in? I usually keep them between 1.5 and 2 SD's, thinging it's a good balance of premium and success probability.

Papermoney results from April till now. The only risky trade I've had was last expired 6EU3 strangle (1.22/1.34) being almost near call strike at the expiration. I've had my finger on a trigger to rollover call side.

Squilly_D Glad to hear the same opinion on premium sellers vs. option buyers topic. I've posted my papermoney results. Though I've had live money acc with TOS and now going with IB. There're fresh ones in attach. Prefer to short naked strangles deep OTM on commodities. Increased vol means...

I did. I've run live money acc with TOS/TDAT with the same strategy, then was forced to close it. Now I'm back via paper money and going to go live with IB.

I've posted here a paper money acc statement sometime ago. I've had live money with TOS, then forced to close it. Now back to school and planning to open live money acc with IB in a few month. This is a statement with 10K start balance. I try to keep open positions margin near 50% of acc...

Sorry, I've build position in TOS via current prices (0.82), so PnL was $820. You've filled with 0.54, so it's $540 on 10 contracts. True? In this case I clearly don't understand the reason of trading index options. Futures options are way better in profit/margin performance. You've got...

Any current input? You've got $19,500 margin and -$280 PnL now with near $900 PnL potential if expired worthless?

What strikes were on calls and verticals? And what are margin requirements and collected premium? As an example, the best strangle I've got right now in my portfolio is ZN: Sold on 24th Jun 3 contracts of 118P / 131C for 30 days expiring. Collected $305 premium (commissions included) with...

Depends on what positions you're holding. I've been observing dramatic down moves in my /CL /6E /ZB and /ZN strangles. The results are: /CL goes into -$50 PnL of 84/109 strangle /6E drops a little of profit to $100 with 1.2600 / 1.3750 /ZB and /ZN were close to put strike but the Friday was...

BTW is there a way of analyzing price movement within its' contract lifetime window? I'm interested how much the price can go up or down from the defined start point (i.e. when the new position is opened). It's some kind of OHLC data, where O=position open date (Jun 17th in my example with...

TOS screen attached

Bankrupt? Sure? ;) In a worst case scenario of a sharp move on bad news... say +10% on crude oil (never seen +10$ a day)... all I've got are higher margin (3x) and not that bad PnL (-$1,800), see pic attached. Margin can be lowered making spread with some OTM longs. PnL can be reduced with...

An example of strikes being opened last night on CL.

Hello, guys. Want to throw in some additional info about short options. I've been shorting naked options for some time with TOS live account, but then had to closed it a year ago. Now I've returned to testing the strategy with paper money in TOS. Want to share some results and waiting for...

Go to Setup and change Position margin/BP to Margin Req. That's it. (See pic attched)

As web services (Barchart, Yahoo Finance, etc) don't show options charts (only quotes) you should use desktop software. TOS terminal can show option charts and is free to use. PS. After registering an account you can use web-based TOS instead of desktop terminal. http://www.thinkorswim.com/

Is it about stocks? Or futures and options too?

Whak kind of MRCI subscription is? I've got Liberty's newsletters. But MRCI is kind of paid information. Are you on paid subscription? Also I would highly recommend Hightower Report researches, both daily updates (huh, 20-30 pages every day of all commodities!) and newsletters twice a month...