07 August 2019 WEDNESDAY newsletter

I had to exit my Crude Oil PUTS this morning with losses.
I made a closing purchase to close out my short OCT19 40-strike PUT at 0.13
It was sold for 0.07, so the loss is -$50 (.05) not including commissions.

I made a closing purchase to close out my short DEC19 40-strike PUT at .48 ($480)
It was sold at 0.18 ($180), so the loss is -$300 not including commissions.

Comment:  Far too much risk and uncertainty to try and see what is next.  Gold is up over $30/ounce this morning, the flight to save-haven — and investor confidence is eroding rapidly.
– Don


Summary of my Positions 07 August 2019:

  DEC19  Crude Oil short  80 CALL for .10 ($100)     

OCT19 Crude Oil 75-strike CALL for 0.05 ($50) 





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