Trade

Selling natural gas future on a small uptick for $430 per contract. I plan to buy it again if the price drops back. It is a great underlying for trading. Sold /NG Feb for 2.172.

I sold the silver future on 12/25/19, but was unable to update the blog due to technology limitations while traveling. I am still long gold and silver, but figured I would take this early Christmas gift on a decent run up. I thought about selling a call against the future…

This trade went in the wrong direction immediately. By following the mechanics of rolling the options, I was able to scratch the trade. It took about a month for this to play out. The market has been on an unrelenting tear which is limiting volatility related opportunities. There is very…

I am taking a quick profit in natural gas. I probably sold it too early, but I am still long /NG via short puts. So taking some risk off the table and booking a $330 profit per contract. Sold /NG Feb for 2.247.

I believe gold is just beginning a run into a seasonally favorable time of year, but I bought back the gold put for a $170 profit per contract because I am overweight gold compared to silver. When precious metals run, silver usually has more upside. So I am moving the…

I decided to close out the NOB spread when the opportunity came to scratch it. I won’t be so fast to put this trade on again given that I have scratched two of these spreads consecutively. I see some other opportunities on the horizon and this trade was taking up…

I opened this trade on October 30 by selling the /ZB Nov 158′ 16 straddle for a credit of 2′ 36/64. As the trade went in the wrong direction almost immediately, I rolled the November Bond straddle to December with a new strike price of 159 in order to collect…

Volatility is dropping everywhere. Taking some positions off in order to redeploy capital when there is more opportunity. Bought /ZW Dec 495P/545C strangle for a debit of 9.125.