No lack of OPTIONS

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PebbleTrader
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Postby PebbleTrader » Tue Mar 19, 2013 2:16 am

Hi Ric,

I saw your first post about finding "continuous" but can't find that. I've got Think Or Swim and RJO demo accounts and couldn't find the "continuous" / historic prices on either platform.

Take corn for example, ZC, on our platforms how do we see historic prices?
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Postby Dillinger » Tue Mar 19, 2013 2:29 am

PebbleTrader wrote:Hi Ric,

I saw your first post about finding "continuous" but can't find that. I've got Think Or Swim and RJO demo accounts and couldn't find the "continuous" / historic prices on either platform.

Take corn for example, ZC, on our platforms how do we see historic prices?


Usually the prompt month is the "continous" chart. Pull up the current contract and you can normally see the history of the prompt/current price. As the contract expires and the next month is now th current/prompt price, the chart rolls to the next month also

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Postby Dillinger » Tue Mar 19, 2013 2:51 am

Example for nat gas. /NG will bring up the current contract on TOS and you can see where the contracts roll every month(dashed blue lines).
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Postby PebbleTrader » Tue Mar 19, 2013 2:58 am

I can see a little bit of history but only like 6mo to 2 years depending on which platform I'm using, but I can't see like 5 - 10 years of history.
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Postby PebbleTrader » Tue Mar 19, 2013 2:59 am

/NG on TOS only goes back to 2011, how can I see 5 - 10 years worth?
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Postby RicG » Tue Mar 19, 2013 3:25 am

PT -

I'm not familiar with TOS, so can't help you with that - I'd suggest contacting their support for the proper symbol/method.

In lieu of that barchart.com has some good basic interactive long term continuous contract charts for futures/commodities.

Here's a 25 year monthly Corn chart:
https://www.barchart.com/chart.php?sym= ... &template=

Hope this helps,
Ric



PebbleTrader wrote:/NG on TOS only goes back to 2011, how can I see 5 - 10 years worth?

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Postby PebbleTrader » Wed Mar 20, 2013 4:30 pm

CBOE Option Institute

Lot's of good learning material here for free.
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Postby PebbleTrader » Fri Mar 22, 2013 9:49 pm

Straddle or Strangle, tradeoffs for both...

What do we observe? The straddle has break-even points closer to the current price of XSX, a definite advantage. There is also a lower probability of losing the full initial debit with the straddle, as this occurs only if XSX is at exactly $60 at expiration. But the strangles offer more profit potential, if XSX moves by a sufficient amount. The crossover points (i.e., where both strategies generate the same profit) are $66.84 on the upside and $53.16 on the downside.

There is no "better choice", but simply tradeoffs. A trader's expectations and risk aversion will help him/her decide whether to opt for the straddles (lower probability of incurring the maximum loss, "tighter" break-even points, less upside potential), or for the strangles (higher profit potential, higher probability of incurring the maximum possible loss).

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Postby aliassmith » Sat Mar 23, 2013 12:46 am

PebbleTrader wrote:Straddle or Strangle, tradeoffs for both...

What do we observe? The straddle has break-even points closer to the current price of XSX, a definite advantage. There is also a lower probability of losing the full initial debit with the straddle, as this occurs only if XSX is at exactly $60 at expiration. But the strangles offer more profit potential, if XSX moves by a sufficient amount. The crossover points (i.e., where both strategies generate the same profit) are $66.84 on the upside and $53.16 on the downside.

There is no "better choice", but simply tradeoffs. A trader's expectations and risk aversion will help him/her decide whether to opt for the straddles (lower probability of incurring the maximum loss, "tighter" break-even points, less upside potential), or for the strangles (higher profit potential, higher probability of incurring the maximum possible loss).

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Ya your risk level can sway your choice, or lower your trade size for a strangle
Trade Your Way as Long as It Makes Money!

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Re: No lack of OPTIONS

Postby prochargedmopar » Sun Jul 05, 2015 4:38 am

If I am unable to buy low/sell high,
This is a fantasy.

Back to Macros until mastered.
:)
#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670

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