Sold Gold AUG19 1225-strike PUTs for 2.10 ($210)
Date placed: 25MAR2019
Proceeds from option $210.00 (not incl commissions cost) Probability option expires OTM: 93% 122 Days until expiration (25JUL2019)
Note: I was already short the AUG19 Gold 1500-strike CALL, so this forms a short-strangle 1500C/1225P now.
New Trade Position ( 2 of 2 today):
Sold Corn DEC19 540-strike CALL for 2.875 ($143.75)
Date placed: 25MAR19
Proceeds from option $143.75 (not incl commissions cost) Probability option expires OTM: 93.76% 242 Days until expiration (22NOV2019)
Note: I was already short the DEC19 Corn 330-strike PUTs, so this now forms a short strangle DEC19 540C/330P.
Comments on Today’s Trades:
figures do not include commission costs.
Here are the charts from the video for your reference:
Summary of My Positions:
Today’s Trade:Short Gold AUG19 1225-strike PUTs for 2.10 ($210)
Today’s Trade: Short Corn DEC19 540-strike CALL for 2.875 ($143.75)
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
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.
That is all today. Thank you – Don
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.
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
New Trades Today MONDAY 25 March 2019
New Trade Positions:
Sold Gold AUG19 1225-strike PUTs for 2.10 ($210)
Date placed: 25MAR2019
Proceeds from option $210.00 (not incl commissions cost)
Probability option expires OTM: 93%
122 Days until expiration (25JUL2019)
Note: I was already short the AUG19 Gold 1500-strike CALL, so this forms a short-strangle 1500C/1225P now.
New Trade Position ( 2 of 2 today):
Sold Corn DEC19 540-strike CALL for 2.875 ($143.75)
Date placed: 25MAR19
Proceeds from option $143.75 (not incl commissions cost)
Probability option expires OTM: 93.76%
242 Days until expiration (22NOV2019)
Note: I was already short the DEC19 Corn 330-strike PUTs, so this now forms a short strangle DEC19 540C/330P.
Comments on Today’s Trades:
figures do not include commission costs.
Here are the charts from the video for your reference:
Summary of My Positions:
Today’s Trade: Short Gold AUG19 1225-strike PUTs for 2.10 ($210)
Today’s Trade: Short Corn DEC19 540-strike CALL for 2.875 ($143.75)
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
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.
That is all today. Thank you – Don
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.