Recent content by CodeBreaker528

Look like there's a short on the beans. Short 934 area, tuesday or wednesday exit

I bought the put for 15'6, best I saw was 34'0. I took 30'2.

Oh Okay. Well I took $725, the best premium I saw would have been $900. Not too bad. I'm waiting for another signal now, may be today.

I don't know much about trading options, but what I do know is that they are not to be traded for any short term moves. I also trade futures, My plan is to buy options when I think a long term move is about to happen. I understand that buying too close can trap you into a loss if the market...

I see that options are no different than futures, well the fundamentals that is. I bought a 900 Nov Soybean put two days ago for 15'6, two days later I'm in the money. I see that timing is everything. Last week when the market was trading around the same price th premium was 20'6. I'm going to...

A system (with a high return) is a system that don't work. How do you put a price on a system with a high return? YOU CAN'T!

So I'm guessing that you would exercise only when the premium pays less than a contract at the same price?

Thanks for the clarification. I understand now.

Sorry about that post, I'm writing from my phone and it seems that a question was mixed with something I thought I erased. End result was a question that made no sense. Thanks for the replies. I've learned a lot from this site in the last few days.

Other than expiration, time decay, and market reversal are there any probelms that arise from holding an in the money option? Will I ever have problems exiting a deep ITM option?

So as long as the premium stays above 5'4, I'm making money. So in the case of an 11'0 premium I'm up $275?

Thanks for all the comments, even the smart a$$. I see where I went wrong, I was reading a definition on breaking even when excercising an option, not offsetting. So in order to profit from an option, the current premium has to be greater than the total amount paid (premium+commisions+fees)...

I'm confussed, If I were to purchase a future option that's deep out of the money. Lets say the market was trading @ 8.00 and the premium for a 9.00 call was $200, and the commissions and fees totaled $75. When would I start making money? Does the future have to pass through the strike price...

Are you trading the front month? I traded wheat, corn and soybeans into the flood last year. Wheat and corn slowed down towards the end of the year and I lost interest. I've been into the beans since then, seems like there's always some action!

I have been trading grain futures for a few years. I'm looking to get into options but really dont understand a few things. Is there ever a time when the broker would tell you that they can't offset your winning option? If the buyer has a winning option, does that mean the the writter holds...