19 March 2019 TUESDAY newsletter

New Trades today: 19 March 2019

GTC filled: My GTC order (closing purchase) JUN19 Gold 1200 PUT for 0.30 was filled.  Profit: $110 (not incl comm.)

New Trade:
I sold a Crude Oil JUL19  75-strike CALL and 45-strike PUT for a total of 0.29 ($290)
75 CALL (0.11) and the 45 PUT (0.18) = total 0.29
Date placed: 19MAR19
Probability option expires OTM: 94%

90 Days until expiration (17JUN2019)
BP effect/ Net margin: $926
Potential ROI: 31.6% *

* ROI may vary as margins are marked-to-the-market during all trades.

Just so you know:   I always use examples with a quantity of 1 (one) option per trade.  This is not because I only trade one of each option, it is to keep the illustrations simple and easy to understand in the newsletter.  Please remember the strategies of the trades I post here are risky, and not suitable for all traders.  Posts here are for educational purposes only.

Crude Oil: With the JUL19 Crude Oil trading very near $60 per barrel, the 75 CALL is $15 up and the 45 PUT is $15 down.  I have nothing new to add to commentary on Crude.  Here’s the chart on today’s trade:


Summary of My Positions:

Short strangle:
Short SEP19 Crude Oil 80-strike CALL for 0.17

Short SEP19 Crude Oil 35-strike PUT for 0.09  (total of 0.26 = $260)

This new Trade Origination button will take you back in time – to the post where the trade was originally placed, so you can review the chart, fundamentals, and the details of this trade’s selection.   This way you get much more than just the position listing. – DAS

New Today: Short Strangle
Short the JUL19 Crude Oil  75-strike CALL for 0.11 ($110)
Short the JUL19 Crude Oil  45-strike PUT for 0.18 ($180)
 (total 0.29 =$290 ) 

Short Gold AUG19 1500-strike CALL for 2.00 ($200)

Short the DEC19 Corn 330  for 2.0 cents ($100.)

For simple illustrations, I post all my trades as quantity of one option, although I trade more of them usually.

Thank you. – Don

You can download a PDF with 2019 Commodity Option Expiration Dates HERE.

Don A. Singletary

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.