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
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