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?
No lack of OPTIONS
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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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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
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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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).
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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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).
Ya your risk level can sway your choice, or lower your trade size for a strangle
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Re: No lack of OPTIONS
If I am unable to buy low/sell high,
This is a fantasy.
Back to Macros until mastered.
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
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670
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