- 16 JUNE 2019 TUESDAY newsletter/commentary June 16, 2020
- 03 JUNE 2020 WED newsletter/commentary June 3, 2020
- 27 MAY 2020 WEDNESDAY newsletter/commentary May 27, 2020
- 19 MAY 2020 TUESDAY newsletter / commentary May 19, 2020
- 12 MAY 2020 TUESDAY newsletter/ comments May 12, 2020
About This Site
Don A. Singletary is a teacher and writer. For 25 years he was a commodity risk management (hedge) consultant for major corporations. He is the author of Option Income Training Bulletin, the only such publication dedicated to teaching small/medium personal investors how to sell commodity options for a second income, a strategy traditionally used mostly by professional investors, the wealthy, and money managers.
While this website is for subscribers only, you can get full access with a free trial subscription. Also you may visit his blog with many trade examples and articles on this valuable strategy at: SellingCommodityOptions.com
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.
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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