any option sellers

Quote from RichardRimes:

yes..say I'm short the 1 contract (weekly)1610 put at close tomorrow. If the ES (sep) ends at 1609.75 then I will be assigned an ES and my account will be charged the .25...so basically cash settled and I'm long 1 contract of ES at 1610. The risk of course is now I'm long the ES cash so I need to sell it when trading begins on Sun PM to get flat and of course risk a gap down. However I could also sell the next weekly 1610 call to help off set some of my loss. Or buy an otm put to collar the trade. Many different options!

The only time you are not assigned is end of the quarters then it is all cash settled.

oh and there is NO reason you should not be allowed to trade the Futures options. Interestingly TOS doesn't offer YM option futures while they have NQ, ES, GC NG CL and most other popular futures. They SHOW the options chain but when I called they said they don't offer them to anyone as yet. I do know IB does offer ES options so its just them flipping a switch to get you going.

also...back to my example if tomorrow I get nervous I can always just buy it back anytime up to 4:15 pm Eastern. On quarterlies you have to close at 8:15 or 8:30 AM(read the specs)
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Thank you RR, very good info.

I will get with IB in the morning, i just pulled up the option chains for ES and they are there, so we will see.

EF
 
YOu guys selling premium this week, on weekly or next expiry.??

this half week and the riots in Cairo has everything on hold.

Good time to sell some calls, spreads etc... IMHO.


EF
 
Quote from Eddiefl:

YOu guys selling premium this week, on weekly or next expiry.??

this half week and the riots in Cairo has everything on hold.

Good time to sell some calls, spreads etc... IMHO.


EF
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exactly... .see the big boys are in silent agreement... lets take this week as a hiatus. it will go nowhere... so FRIDAY they will pin it around what ever it is hovering.....

sell sell sell.. - but as in my other post... premiums have dwindled.. lol....
 
Quote from darwin666:

exactly... .see the big boys are in silent agreement... lets take this week as a hiatus. it will go nowhere... so FRIDAY they will pin it around what ever it is hovering.....

sell sell sell.. - but as in my other post... premiums have dwindled.. lol....
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agree on all terms.

Yea, the half day tomorrow and closed on Thursday helps nicely.
 
I'm a bit skiddish. For this week I currently have a 1615 short straddle on with a long 1620 call and trading the cash short (selling around 1610 and buying back around 1605-1600). I did short next weeks 1625 call on when we were trading around in the high teens...but waiting to see how this week pans out before selling next weeks short put. I may just let the short straddle expire if we are close to 1615 on Fri.

Egypt is just an excuse (imo) to sell. Holiday weeks are very typically low volume with volatility but I'm betting on a pretty flat week at the end of Friday's trade. If we do go down it will be more likely next week with the earnings and/or other economic macro factors.
 
Quote from RichardRimes:

I'm a bit skiddish. For this week I currently have a 1615 short straddle on with a long 1620 call and trading the cash short (selling around 1610 and buying back around 1605-1600). I did short next weeks 1625 call on when we were trading around in the high teens...but waiting to see how this week pans out before selling next weeks short put. I may just let the short straddle expire if we are close to 1615 on Fri.

Egypt is just an excuse (imo) to sell. Holiday weeks are very typically low volume with volatility but I'm betting on a pretty flat week at the end of Friday's trade. If we do go down it will be more likely next week with the earnings and/or other economic macro factors.
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Pretty flat week will be fine by me.

1625 was a nice entry.

EF
 
Quote from Eddiefl:

Little bit of an up move. tomorrows decay going into friday should take care of that. Small range friday, i think.

sold calls on spy, bear vertical calls on qqq


the proverbial shit is about to hit the fan over there.

http://www.cnbc.com/id/100863302


update: looks like the may have fixed things temporarily in a peaceful way.


EF
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Quote from Eddiefl:

Little bit of an up move. tomorrows decay going into friday should take care of that. Small range friday, i think.

sold calls on spy, bear vertical calls on qqq


the proverbial shit is about to hit the fan over there.

http://www.cnbc.com/id/100863302



EF
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Decay is fictional into NFP. You realize that Friday is payrolls? GL this week.
 
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