Topics this week include:
- Crude
- Equities/Russell
- Ags
- Gold
- Bitcoin
Futures Options Feedback: Listeners take over
FlashPoll: Crude oil has been on a tear this week. We know that many of you are trading options on this hot commodity. Quite simply - which options product are you using to slake your thirst for Crude oil? WTI? USO? XLE?
Listener questions and comments:
- Comment from Olivetrader2 -I may have the key to the weeklies mystery or I may be captain obvious. If I want to trade weeklies I need to ask for weeklies options limits to my clearing firm. Regular options limits don't apply. I use @Trading_Tech. I never asked for them because my trading results are usually not good around expiration. And weeklies = more expirations.
- Question from Leif - Is the use case for Russell 2000 options the same as S&P and Nasdaq - primarily covered calls and protective puts?
- Question from Tatuf - It looks like crude is setting up to be a decent candidate for call ratio spreads (short 1, long 2). Certainly would have worked out well over past few weeks. Am I just blinded by recentness or does skew data support this long term? OTM calls typically aren't bid too aggressively in WTI.
- Question from CRHabib - Can CME put out straddle runs on the bitcoin futures contract? That would be fascinating and quite useful.