Bump Your Odds of Success with the Intercommodity Strangle


Jul

6

2017

Bump Your Odds of Success with the Intercommodity Strangle

Michael Gross explains how to use the Option Strategy that can offer Potentially Higher Returns while Upping Your Odds over a Traditional Option Strangle.
  1. Morning Mr Gross

    Do you like iron condor strategy? why you’re never use this kind of trade?

    thk a lot

    • Michael Gross Says:
      July 11, 2017 at 4:21 pm

      Dear GM,

      Love the Iron Condor. You’ll find both a video and text seminar on the condor on this blog. We also refer to it as the “covered strangle.”

      Thanks,
      MG

  2. guzman madrazo Says:
    July 10, 2017 at 11:10 am

    good morning from Madrid

    I have two books of option sellers, great, fantastic, impresive¡¡.
    A question.
    Intercommodity strangle is a CORN strangle vs WHEAT strangle or ..
    CORN strangle vs WHEAT selling call ?

    Best Regards

    • Michael Gross Says:
      July 10, 2017 at 2:48 pm

      Mr. Madrazo,

      The Corn/Wheat Inter-commodity strangle described in the video is selling a put in one and a call in the other.

      Thanks,
      MG

  3. Hi Michael,
    Wondering if margin required on the two separate option positions is reduced on the inter-commodity strangle. Do they offset each other?

    Dave

    • Michael Gross Says:
      July 10, 2017 at 2:50 pm

      Dave,

      Great question! When they are in different commodities, this is typically not the case. However, their is a slight margin reduction in closely related products such as soybean meal and soybean oil.

      Thanks
      MG

  4. WIlliam Says:
    July 8, 2017 at 11:45 am

    Can I open an account with “Option Sellers” with much less than a M$ maybe $25,000? WC

    • Michael Gross Says:
      July 10, 2017 at 2:51 pm

      Dear William,

      Thank you for your inquiry. However, OptionSellers.com minimums are firm and monthly availability is limited.

      Thanks
      MG

  5. Will Maynard Says:
    July 7, 2017 at 9:59 pm

    Thank you Mr.Gross, I have almost completed study of your book which I find a revelation as someone with very mixed results buying options. I’m now converted to ratio Spreads! Very interesting strategy with the inter-commodity strangle. Will you highlight opportunities on your website for entries in the future?
    Thanks Again,
    Will, England

    • Michael Gross Says:
      July 10, 2017 at 2:53 pm

      Hello Will,

      Thank you for your feedback and glad you are on the road of option selling. We highlight both strategy lessons and monthly market updates on our blog. While we do not provide trading “recommendations” per se, you will find plenty of useful information to make your own trading decisions – if that is the path you choose.

      Regards,
      MG

  6. Can you do a video tutorial showing a live trade being performed? I would love to see your method of trading live, to see the buying power effect, the fill, the bid-ask price, etc. even if it is just a 1 lot.

    I am sure a lot of us can benefit from the visual.
    Thanks.

    • Michael Gross Says:
      July 10, 2017 at 2:55 pm

      Robin,

      That is an interesting request and we’ll consider it. However, I’m not sure how educational a video of James picking up a phone and calling the floor will be.

      Will kick it around and see if we can do something that works.

      Thanks
      MG

  7. Thank you for a your clear explanation. Even though I have the book, your explanations are very helpful. Will certainly add this to the arsenal.

    Do you think that an Intercommodity strangle Crude (short) – Gasoline (long) makes sense at this point in time?

    And on a different topic: do you follow Lumber and Rice?

    Regards,
    Jeroen

    • Michael Gross Says:
      April 17, 2017 at 1:02 pm

      Jeroen,

      Thank you for the feedback. As far as the Crude/Gasoline strangle, it could still make sense at this time of year.

      We do not trade lumber or rice, simply for the fact that the options market in those contracts is too thin.

      Thanks,
      Michael Gross

  8. John Copp Says:
    April 8, 2017 at 10:18 pm

    Good job on a topic that could easily be presented in a complex, arcane way. You have a knack for lucid, logical, and helpful webinars. Much appreciated!

  9. Thanks. Great seminars.
    I do not have liquid 1 million, but your firm seems excellent, and I thank you for the educational material.
    Regards,
    Brian

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