Greetings:
I put in a GTC (good til cancelled) order to make a closing purchase on the DEC19 Crude Oil $30-strike PUT today at 0.05 ($50).
I sold this PUT for 0.13 ($130)
New Trade: I sold a Crude Oil DEC19 $40-strike PUT today for 0.31 ($310).
Expiration Date: November 15, 2019 Prob. OTM = %92%
Comments: I felt the DEC19 Crude Oil 40 PUT-strike at about $20 below the current price would be a cautious way to close out the $30 PUT for a profit and replace it. With the G20 meetings this weekend, I am holding off on any other trades until next week.- Don
Here’s the chart for Crude:
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:
I put in a GTC (good til cancelled) order to make a closing purchase on the DEC19 Crude Oil $30-strike PUT today at 0.05 ($50).
I sold this PUT for 0.13 ($130)
New Trade: I sold a Crude Oil DEC19 $40-strike PUT today for 0.31 ($310).
Expiration Date: November 15, 2019 Prob. OTM = %92%
Comments: I felt the DEC19 Crude Oil 40 PUT-strike at about $20 below the current price would be a cautious way to close out the $30 PUT for a profit and replace it. With the G20 meetings this weekend, I am holding off on any other trades until next week.- Don
Here’s the chart for Crude:
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.