Search
Trade Commentary
- 16 JUNE 2019 TUESDAY newsletter/commentary June 16, 2020
- 03 JUNE 2020 WED newsletter/commentary June 3, 2020
- 27 MAY 2020 WEDNESDAY newsletter/commentary May 27, 2020
- 19 MAY 2020 TUESDAY newsletter / commentary May 19, 2020
- 12 MAY 2020 TUESDAY newsletter/ comments May 12, 2020
About This Site
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 21 April 2020
I was stopped out at 0.40 of my JUN20 Crude $10 PUT with a loss of 0.40 minus .14 = 0.26 (-$260).
And I closed out the JUN20 Crude CALL 0.05 for a profit of 0.14 minus 0.05 = 0.09 (+$90)
I mistakenly thought that $10 per barrel was going to stay safe. Obviously, that didn’t happen.
These are crazy times and I won’t be selling any more options until there is some return to rational prices. It’s just too risky.
This morning MAY Corn prices are near $3.00/bushel, very close to the cost of growing it. As I said, no rational pricing.
Just moments ago, US President Trump instructed the Energy Secretary to draw up a plan to rush funds to oil companies to keep them from going under (intended to save thousands of jobs.)
-Stay well. – Don
I hope to resume soon and will post again shortly.
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.