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Trade

Scratching Natural Gas Trade

Well the bottom really fell out of natural gas after I bought it so I am glad to be able to scratch this trade on a minor rebound. I still think that energy is oversold so will look to buy more on a drop. Sold /NG March for 1.95.
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Buying Silver

Recycling profits from crude oil and /ES strangle into silver. Silver is down. It will likely head up again in my estimation as a tag along to higher gold prices. Bought /SI Mar for 17.82.
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Selling Strangle in /ES

I am selling a /ES strangle to take advantage of another pop in volatility. I will close it on a volatility drop or keep rolling it if volatility remains elevated. Sold /ES Mar -3160P/-3280 C for a credit of 102.00.
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Selling a New /ES Strangle

I am selling a new /ES strangle to take advantage of the volatility uptick. This one is more centered than the last one since the market has pulled back. Sold /ES Mar -3180P/-3310 C for a credit of 98.00.
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Closing /ES Call for a Profit of $487.50 per Contract

Here is an opportunity to cover the /ES 3220 Calls. Many purported reasons in the news for the market to come in including Coronavirus, Bernie leading other democratic nominees in recent polls, more conflict in Iraq, etc. Those maybe the reasons or maybe the market was just overbought. Doesn’t matter.…
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Rolling Out Natural Gas

Well the bottom fell out of natural gas so I will be holding onto it until it recovers. Therefore, I will roll my position from February to March. The good news is that natural gas is in backwardation resulting in a lowered cost basis. I am selling /NG Feb for…
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Buying /NG Below $2.00.

Going back to the well to buy natural gas on its plummet below $2.00. Is natural gas going out of business? It’s a commodity so the answer is no. I will hold onto it until it is profitable. Bought /NG Feb for 1.956.
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Adjusting the /ES Strangle

I am adjusting the /ES strangle. Usually I would roll up the puts to collect additional premium as the S&P rose, but this time I decided against doing so for two related reasons. Volatility is low so the credit that would have been received was not sufficient in my estimation…
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Another Kick at the Silver Can

I am going to have another kick at the silver can by buying it here. Its price has dropped back from when I sold it in December. I will sell it on a quick pop or keep it for a longer grind (hopefully up) into February/March. We shall see. Bought…
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