Anyone trading the CME Options?

J

jllm03

Just looking to see how many traders have traded in the CME Option (CME Holdings).

This looks like a good short term play with a trading window between 430 and 500.
It has retreated each time near the 500-510 range(3 times), and the last support was around 420-430.

Any input?
 
I''m on par with that sentiment. I usually sell premium each month on this issue, via iron condor or double diagonal. I had to adjust yesterday as my 450 short was in danger of being violated, now I have 420-490 shorts and bot wings +10 points. It's a tight range yes, but I'm hoping for oscillation/consolidation into sept expiry.

Vols are at the 'lower end' of their recent range so premiums aren't that juicy on a relative basis.

You could trade out month backspreads, or buy atm calendars.
 
Earlier this year when it looked undervalued to me I did a bit of option trading with success. When it hit close to 500 I didn't see much upside so haven't followed it recently. Played ISE instead.
 
Just evaluating whether to look at this as one for a the credit spread trade prospect for this coming options cycle.
I like to trade a call spread near the resistance or the put spread near support levels, especially when the underlying instrument is bouncing back and forth.
I will keep watching to see if it will be favorable.
 
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