Greetings: New Trades Today 18 JULY 2019
This morning, I made a closing purchase: I bought the Crude Oil DEC19 90-strike CALL option for 0.04 ($40). I originally sold it for $100 (.10), so the profit = +$60 per options not incl. commissions.
Then I immediately put in a GTC (good til cancelled) order to SELL the Crude Oil DEC19 $80-strike CALL for 0.10 ($100)
I closed the CALL of the 90C leg of the 90C/40P short strangle and will sell an 80C to replace the short 90C I closed. This is sometimes called “rolling” a strike. So I took a profit on the 90C and sold premium for the 80C in the same class (DEC19)
Except for closing the Crude Oil DEC19 90-strike CALL, and putting in a GTC to sell the DEC19 80-strike for 0.10 or better, my CURRENT POSITIONS are the same as posted on July 10th: https://www.timefarming.com/blog/16-july-2019day/
If you have any questions, just email me at Don@WriteThisDown.com
Short Comment: re: Corn and Soybeans:
Ag TV program today (comes out each weekday early morning) spoke of ‘prevent plant’ acres for Corn at being 7 to 10 million, and soybeans 2 to 3 million. Certainly bullish if the USDA comes out in Aug with numbers similar to this. Ag TV link is here: https://www.agweb.com/agday
That is all today. Thanks, have a good weekend. – Don
Don A. Singeltary
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.
Greetings: New Trades Today 18 JULY 2019
This morning, I made a closing purchase: I bought the Crude Oil DEC19 90-strike CALL option for 0.04 ($40). I originally sold it for $100 (.10), so the profit = +$60 per options not incl. commissions.
Then I immediately put in a GTC (good til cancelled) order to SELL the Crude Oil DEC19 $80-strike CALL for 0.10 ($100)
I closed the CALL of the 90C leg of the 90C/40P short strangle and will sell an 80C to replace the short 90C I closed. This is sometimes called “rolling” a strike. So I took a profit on the 90C and sold premium for the 80C in the same class (DEC19)
Except for closing the Crude Oil DEC19 90-strike CALL, and putting in a GTC to sell the DEC19 80-strike for 0.10 or better, my CURRENT POSITIONS are the same as posted on July 10th: https://www.timefarming.com/blog/16-july-2019day/
If you have any questions, just email me at Don@WriteThisDown.com
Short Comment: re: Corn and Soybeans:
Ag TV program today (comes out each weekday early morning) spoke of ‘prevent plant’ acres for Corn at being 7 to 10 million, and soybeans 2 to 3 million. Certainly bullish if the USDA comes out in Aug with numbers similar to this. Ag TV link is here: https://www.agweb.com/agday
That is all today. Thanks, have a good weekend. – Don
Don A. Singeltary
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.