Chinese / United States of America relations and trade are again at the top of the headlines today. More of this same volatility can be expected for a while.
No new positions today and no changes in trade outlooks.
Summary of my current positions as of 08 OCT 2019:
FYI: You may click the gold-colored Trade Origination button to see the original post on the date the trade was placed.
Crude Oil FEB20 short strangle, the 80 CALL and 35 PUT
Comment: Though Crude production domestically is down some, so is the demand. This balance seems enough to hold prices between my short strikes of 80CALL and 35PUT until option expiration on 15 JAN 2020.
Short DEC19 short 420-strike CALL
Upcoming Report: USDA on Thursday 10th OCT 2019 at 12:00 noon Eastern Time: WASDE World Supply-Demand Estimates.” See the report at this link: https://www.usda.gov/oce/commodity/wasde/
Short the FEB20 1900-strike CALL for 1.9 ($190).
That is all today have a great week. If you are a trial subscriber, please click the link below (or HERE) to subscribe. Your remaining trial time will be added to your subscription time. And check out a few training videos at our tab: Video Training Library. Thank you. – Don
Don A. Singletary
Trial Subscribers: Subscribe today and don’t miss an issue. Thank you.
Trial Subscribers: Don’t miss an issue.
When new subscribers ask me to recommend a broker that has very easy-to-learn and easy-to-use software (free of course) and a good commission rate, I recommend TastyWorks. I have some of my personal accounts there. They also have a low 85 cents commission rate on the new Micro Index Futures; this is only $2.42 INCLUDING ALL FEES / ROUND TRIP .
TastyWorks: $2,000 minimum to open account. Easy online application, free ACH money transfers. Here’s my affiliate link forTASTYWORKS.International Accounts for 70 countries available.
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The commentary and examples are for teaching purposes only and are not intended to be a trading or trade advisory service. Any investments, trades, and/or speculations made in light of the ideas, opinions, and/or forecasts, expressed or implied herein on the web site and/or newsletter, are committed at your own risk, financial or otherwise. Trading with leverage could lead to greater loss than your initial deposit. Trade at your own risk. Investors and traders are responsible for their own investment/trading decisions including entries, exits, position, sizing and use of stops or lack thereof. This is not a trade advisory service and is for educational purposes only. The content on the pages here is believed to be reliable - but we cannot guarantee it.
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
Greetings: Tuesday, 08 OCT 2019
Chinese / United States of America relations and trade are again at the top of the headlines today. More of this same volatility can be expected for a while.
No new positions today and no changes in trade outlooks.
Summary of my current positions as of 08 OCT 2019:
FYI: You may click the gold-colored Trade Origination button to see the original post on the date the trade was placed.
Crude Oil FEB20 short strangle, the 80 CALL and 35 PUT
Comment: Though Crude production domestically is down some, so is the demand. This balance seems enough to hold prices between my short strikes of 80CALL and 35PUT until option expiration on 15 JAN 2020.
Short DEC19 short 420-strike CALL
Upcoming Report: USDA on Thursday 10th OCT 2019 at 12:00 noon Eastern Time: WASDE World Supply-Demand Estimates.” See the report at this link: https://www.usda.gov/oce/commodity/wasde/
Short the FEB20 1900-strike CALL for 1.9 ($190).
That is all today have a great week. If you are a trial subscriber, please click the link below (or HERE) to subscribe. Your remaining trial time will be added to your subscription time. And check out a few training videos at our tab: Video Training Library. Thank you. – Don
Don A. Singletary
Trial Subscribers: Subscribe today and don’t miss an issue. Thank you.
When new subscribers ask me to recommend a broker that has very easy-to-learn and easy-to-use software (free of course) and a good commission rate, I recommend TastyWorks. I have some of my personal accounts there. They also have a low 85 cents commission rate on the new Micro Index Futures; this is only $2.42 INCLUDING ALL FEES / ROUND TRIP .
TastyWorks: $2,000 minimum to open account. Easy online application, free ACH money transfers. Here’s my affiliate link for TASTYWORKS. International Accounts for 70 countries available.
***************
The commentary and examples are for teaching purposes only and are not intended to be a trading or trade advisory service. Any investments, trades, and/or speculations made in light of the ideas, opinions, and/or forecasts, expressed or implied herein on the web site and/or newsletter, are committed at your own risk, financial or otherwise. Trading with leverage could lead to greater loss than your initial deposit. Trade at your own risk. Investors and traders are responsible for their own investment/trading decisions including entries, exits, position, sizing and use of stops or lack thereof. This is not a trade advisory service and is for educational purposes only. The content on the pages here is believed to be reliable - but we cannot guarantee it.