Discussion in 'General Discussion' started by will, Jan 21, 2017.
Does anyone trade the Rick Rose oil futures trade from the California trading group?
I do not, but from the little I've seen of his videos it looks like he's selling strangles in oil which is a fast moving market.
There are two versions of the trade. One is an iron condor and one is a strangle style from what I've found on the videos. I believe they show rick rose who trades the ic, making 30% on margin with a 24 month period without a loss. Not sure how bad the losses look though.
Basic guidelines on the ic using oil futures:
- 42 to 47 dte
-15 point wings
-shorts between 20 to 30delta, looking for $1 credit a wing
-takes profit at 50% of credit
I think he does 3 progressive adjustments, I only head him talk about the last one specifically
-1.5 time credit
-1.75 Times credit
- 2 times credit roll down 2 strikes and double size
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Anybody know how to use the price movement analysis tool with the CL futures?
Some Price History. Can't figure out how to use the Capital Tool for futures. Used https://www.investing.com/commodities/crude-oil-historical-data
I have Data:
CL 10 years 1 day Up Moves
CL 10 years 1 day Down Moves
CL 10 years 30 day Up Moves
CL 10 years 30 day Down Moves
Separate names with a comma.