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Trade

Selling a Crude Oil Strangle

Crude’s volatility has picked up making its options richer. I am taking advantage by selling November premium. I anticipate buying back the strangle for a debit which will be less than the initial credit received. This will likely be possible as time passes, volatility decreases and if the price of…
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Rolling Gold Puts to October

Gold prices have been weak so I am rolling the puts to October to collect an additional credit while waiting for a rebound. I received an additional $15.80 per contract on the roll so the new position is Sold /GC Oct 1930P for a credit of 66.40. This trade is…
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Gold Looks Good Here So I Am Selling Puts

Gold prices pulled back sharply so I am taking this opportunity to increase my long exposure by selling puts. The options have a solid volatility component and futures are capital efficient so options on futures are my preferred product for this trade. Sold /GC Sep 1930P for a credit of…
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Selling an Iron Condor in Zoom Video (ZM)

Selling strangles in high priced stocks takes a lot of buying power. I prefer selling iron condors in these cases to conserve buying power. Zoom Video has decent implied volatility so I am selling a wide iron condor that mimics a strangle. The maximum loss would be $6,300 for a…
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Selling Puts in TLRY

Tilray (TLRY) is scheduled to release earnings on August 10. The stock price has dropped precipitously during this past year and the options are rich in premium so I am selling puts. The volatility component of the options should decrease after earnings so my plan is to buy back the…
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Selling a Corn Put

Corn has a higher volatility ranking component to its options than wheat or soybean and it is the most beaten up in price. I am selling a put to take advantage of that volatility with expectations that the price of corn will find a bid. I will keep rolling if…
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Selling an Unbalanced Iron Fly in GDXJ

I am interested in adding more extrinsic value to my portfolio so I am putting on this position that will benefit from time and possibly volatility decay. This unbalanced iron fly can only become a loser if the gold complex continues to climb so it is a decent hedge to…
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Adding a Bullish Put Spread in Amazon

I am adding a defined risk bullish trade in Amazon in anticipation of its upcoming earnings release. The stock has pulled back some in recent days so I am playing for a bounce. The maximum loss is limited to the width of the strike minus the credit received ($495 per…
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Closing the Crude Strangle

The rising price of crude made this trade a loser from the start. I am pleased to be able to scratch it. Commodity prices have been rising as the value of the US dollar has been dropping. Being able to break even when the price of crude shot up above…
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Going Long Silver

I want to add to my precious metals exposure. I have plenty of gold exposure already so it’s time to add more silver. Finding quality exposure to equities is more difficult for silver compared to gold. There are few solid silver stocks on the market. So I am going to…
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