Trade

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…

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…

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…

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…

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…

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…

The Notes Over Bonds spread has widened out again so I am going to put it on as a trade. Sold /ZB Sep 180′ 12 and bought 2 x /ZN Sep 139′ 175.

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…

Wheat has a high volatility component to its options. I am selling a put to take advantage of that volatility with expectations that the price of Wheat will not decline drastically from here. Commodities are finding a bid with pressure on the US dollar which is a great backdrop for…

Corn’s volatility is providing an opportunity to sell rich options. I am selling strikes that are equidistant from being at the money so there is no directional bet. I just need time to pass and/or volatility to decrease to make some money on this trade (and the corn price not…