Recent content by TheLord

Say I buy an OTM option at .50 and a few days later it increases to .65 but is still out of the money. Can I sell the option to close the position and take the $15 profit minus commission or do I have to wait until the the option is in the money?

Thanks for the reply. How long have you been trading futures? Whats yours strategy?

Maybe its just me, but I have found options extremely difficult. You have to be right on the money. With futures, I love the leverage and the liquidity

What do you mean by wasting assets by trading options?

I try not to double up because I know I am trying to discipline myself and limit risk.

Out of 5 days of the week I probably have 1-2 losing days and 2 losing days is rare for me in 1 week. I never hold a position for more than 15 mins which is why I think I don't have many losing days. If I have a losing trade I cut the position and will usually come back above. How do you trade...

Ive been trading futures for about 2 momths.

Options on futures are European style options. Meaning they can only be exercised on the expiration date if they are in the money. Don't buy these options. You could have a winning trade and not be able to exercise and then by expiration it could change in value.

I think that trading futures is way easier than trading options. I know this does not apply to everyone, but I feel that futures, specifically emini sp 500 contracts are incredibly profitable. I basicly scalp all day and pull in about $850 a day. Whats your guys take on this?