2019 Commentary

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

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