Million Dollar Indices Trading (Options and Futures)

i read from first post again and notice you trade Dax options, that's great.

and since you trade option, then its reasonable that you deposit a lot of money in account.

You using some pattern strategy right? you are not trade base on one direction.

i have a question about option. hope you can answer me,

if i SELL a call option at price 100 and price go to 110, when expired or conversion, do it become a future contract? and a future contract short at price 100 ???

Hei Warbee, yup but actually I trade a lot of indices options including DOW, SPX, IWM, and future will be moving to more in depth into KOSPI and SENSEX. Actually, even USD 150k is enough to trade mini contract. Depositing a lot of money due to money management that matters as I control my maximum drawdown to a 4% risk (if the market collapse or rose crazily either way). Yes, I am using statistical analysis without human emotion interfering, probably you can describe it as pattern maybe.

To answer your question. Yes, probably I can say we have to convert it to futures. If you sell 100 CALL, which means you are collecting premiums and promise Buyer to buy stock at whatever market price when it expired to sell for 100, and if it expired at 110, which means you have to buy at 110 and sell for 100. As I know, 95% of the experience trader including myself will choose not to exercise the contract if the price was very near. Hope it helps.

By the way for your information, I controlled my risk exposure no larger than 50% and my annual trading cost would be at 4%.

Here are the latest position holding for today. Having pretty good weak I think with approximately 0.55% of growth so far. Tonight going for Unemployment and Super Mario speech, hopefully will have some nice opportunities.

Latest update on hand positions. A slump yesterday on indices after ECB, not a good performance yet. That's the time patience should be kicking in on bad market scenario.

Latest of my position updates. Expiring end of this week for April contracts but basically many have done rollover.

Plenty position added on market open today for new May contract and this is the latest updated position. Having great yesterday with almost 0.5% growth. That's quite happy to me even some people say 0.5% is just nothing.

Latest update on today position. Seems oil rebound after Saudi reached deal with Russia big affect on indices rose but not really got something here.

Lazy update on last couple of days. This is the latest position on pre market opening. Looking on worldwide indices gonna retraces after failure deal on Doha meeting and commodities hit. So far so good on the result but not as good as 1st week growth.

Any update about your trading?

Yup, thanks for following. Relatively busy this week because went holiday in Macau, so not much time to update. Will update a moment later with my account statement as well.

Here are the latest update on position. Too busy last week on vacation. Will update statement probably later after end of April.

Here is the latest update on today session position. Will update latest statement in a moment later.

Ok, here is the latest update on statement. So far up till yesterday, a growth of 3.97% approximately. Not a great month on April, wasted about 2 weeks time without profit advantage. Hopefully this month have more nice opportunity.

This is the latest update on today position. Added Hong Kong Hang Seng Index (HSI) for a trial run this week. Working on the new strategies on HSI and hope it works well.

Latest update on held position today. Not much move yesterday, closing some position and opening some to wait for volatility coming in.

Latest update before pre-opening on European Session. Still not much movement on HSI so far.

Today update on position. Pretty low volume this week, still in a range so far. Almost whole world indices remaining in a small movement range.

Latest update on before weekend positions held. A little confuse today I believe as broker platform do have some technical error on market price made my DAX loss about 100K, almost 3800 pips error calculation. I believe will not do any changes on position since we are about to end of week unless later do have some big volatile come in later.

Latest update on beginning of week. Only HSI trading today, DAX on WHIT HOLIDAY today, therefore no trading for DAX today.