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Closing

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Closing the GDX Trade for $530 Profit per 10 Lot

May 10, 2021·

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Historical Trades ·
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Scratching the Adobe Iron Fly

April 10, 2021·

This trade went bad from the beginning and it took some patience to be able to scratch it (seven adjustments since October). I let this April position head towards expiry instead of rolling it for a small credit as it looked like ADBE was being pinned at $500 which was…

Historical Trades ·
Closing ·

Closing the Gold Futures Put Spread for a Quick Profit

April 1, 2021·

The price of gold has rebounded during the past two days which provided in a quick profit in the gold futures May put spread. Bought /GCM1 OGM1 05/25/21 Put 1660.00 @ 13.9Filled at: Apr 1, 2021 1:35:08 PM EDT Sold /GCM1 OGM1 05/25/21 Put 1655.00 @ 12.9Filled at: Apr 1, 2021 1:35:08…

Historical Speculations ·
Closing ·

Closing Entree Resources (ETG) for a 83% Profit

February 22, 2021·

Copper has been on a serious bull run dragging most copper related equities along for the ride including Entree Resources (ETG). Sandstorm Gold (SAND) continues to accumulate ETG. Ultimately, M&A might propel this equity higher, but I am concerned about a possible short term pullback in copper prices so I am taking…

Historical Trades ·
Closing ·

PYPL Iron Condor Is Expiring for a $2,700 Loss

February 19, 2021·

The PYPL iron condor is expiring for a $2,700 loss per 10 lot. The stock ran early and fast after I put on the original position making defensive adjustments difficult. I considered rolling it again, but determined that it would not be worth the debit. Sometimes it is just better…

Historical Trades ·
Closing ·

Closing SQ Iron Condor for $1,200 Profit

December 17, 2020·

I am closing the SQ position for a $1,200 profit per 10 lot. Bought SQ 01/15/21 Call 260.00 @ 4.40 Sold SQ 01/15/21 Call 270.00 @ 2.99 Bought SQ 01/15/21 Put 185.00 @ 1.11 Sold SQ 01/15/21 Put 175.00 @ 0.52 for a debit of 2.00.

Historical Trades ·
Closing ·

Closing NVDA Iron Condor for a $2,570 Profit

December 14, 2020·

The NVDA position has surpassed its profit target. I am taking it off for a $2,570 profit per 10 lot.

Historical Trades ·
Closing ·

Closing the BABA Iron Condor for $2,100 Profit

November 23, 2020·

I am closing the BABA iron condor for a $2,100 profit per 10 lot. This underlying is still a good candidate for selling premium, but I will wait for an uptick in volatility. STC BABA Dec 235 P / BTC BABA Dec 250 P / BTC BABA Dec 320 C…

Historical Speculations ·
Closing ·

Closing TNK for 13.5% Profit

November 9, 2020·

I am closing Teekay Tankers for a quick 13.5% profit. The stock rallied on hopes of improving economic activity given the headline story of Pfizer’s vaccine success. This is a very undervalued equity that does not need a news story to explain a rising share price. I would consider buying this Speculation…

Historical Trades ·
Closing ·

Closing the CRWD Trade for $2,850 Profit

November 5, 2020·

Closing the CRWD position on its recent rally for a profit of $2,850 per 10 lot. CRWD Dec 110P/-130P for a debit of $5.05.

Historical Trades ·
Closing ·

Closing the UVXY Iron Fly for $650 Profit

October 29, 2020·

It has taken some time for this iron fly to become profitable. I am closing the unbalanced iron fly in UVXY for a $650 profit per ten lot. UVXY Nov 10P/-21P/-21C/26C for a debit of 5.25.

Historical Trades ·
Closing ·

Closing the DOCU Iron Condor for a $1,420 Profit

October 21, 2020·

I am closing the DOCU iron condor for a $1,420 profit per 10 lot. It seems prudent to take off some exposure here. DOCU Nov 170P/-180P/-260C/270C for a debit of 1.88.

Historical Trades ·
Closing ·

Closing the AMZN Iron Condor for a $2,100 Profit

October 20, 2020·

Amazon will be releasing earnings on October 29. I want to be out of the iron condor before volatility rises going into earnings. Closing it now for a $2,100 profit per 10 lot. AMZN Nov 2500P/-2520P/-3680C/3700C for a debit of 4.70.

Historical Trades ·
Closing ·

Closing the ZM Iron Condor for a $6,160 Loss

October 16, 2020·

The ZM position closed out today for a $6,160 loss for a 10 lot. The share price was so strong that there was not much that could be done to salvage the position. Losing some is part of the process. It’s about putting the probabilities in your favor, but there…

Historical Trades ·
Closing ·

Closing out the Natural Gas Trade for a $450 Profit per Contract

October 12, 2020·

This trade took nearly six weeks to work out. It looked ugly for a while, but eventually became a decent winner. Keeping position size in check is key. It is emotionally difficult to keep holding a large position when it goes wrong and margin calls are always a risk. Bought…

Historical Trades ·
Closing ·

Closing the Crude Strangle for a $690 Profit per Contract

September 23, 2020·

Crude’s volatility has declined so I am closing out the crude strangle for a $690 profit per contract made in two weeks. Bought /CL Nov 36P/42C strangle for a 2.88 debit.

Historical Trades ·
Closing ·

Buying Back the Gold Put for a $4,000 Profit per Contract

September 15, 2020·

Gold prices have rebounded, volatility has dropped and enough time has passed to buy back the October put for a $4,000 profit per contract. Bought /GC Oct 1930P for a credit of 26.40.

Historical Trades ·
Closing ·

Closing the GDXJ Iron Fly for a Profit of $1,370

August 24, 2020·

GDXJ’s price bounced around some without taking off in one direction, volatility came in and time went by making this trade a winner. I am taking off the GDXJ iron fly for a profit of $1,370 per 10 lot. My target profit for a straddle or iron fly is approximately…

Historical Trades ·
Closing ·

Closing the Corn Trade for a $168.75 Profit per Contract

August 17, 2020·

Corn prices have been rising so I am taking this opportunity to close out the trade for a profit. Bought /ZC Sep 320P for a 2.50 debit.

Historical Trades ·
Closing ·

Closing the Tilray Puts for a $400 Profit

August 15, 2020·

Tilray (TLRY) dropped after its earning release on August 10, but the stock has been slowly rebounding and its implied volatility decreasing. I am able to buy back the puts for a $400 profit per 10 lot. Bought TLRY Sep 7.5P for a debit of $1.01.

Historical Trades ·
Closing ·

Closing the Amazon Put Spread for a $2,280 Profit

August 1, 2020·

I am closing this defined risk bullish trade in Amazon. AMZN’s share price rose on a positive earnings release enabling the closure of this position for a $2,280 profit per 10 lot. Bought AMZN Aug 28 -2900P+2890P for a debit of $2.77.

Historical Trades ·
Closing ·

Closing the NOB Spread for $281 Profit in One Day

July 18, 2020·

I am closing the Notes Over Bonds spread. The spread reverted resulting in a quick profit. Bought /ZB Sep 179′ 20 and sold 2 x /ZN Sep 139′ 10.

Historical Trades ·
Closing ·

Closing Out the Corn Strangle for $200 Profit per Contract

July 16, 2020·

I am taking off the corn strangle after two weeks for a profit of $200 per contract. The price of corn hung out at the lower boundary of this strangle for most of the trade, but enough time passed and volatility dropped a tad to make it a winner. Bought…

Historical Trades ·
Closing ·

Closing the Euronav Puts for $1,130 Profit per 10 Lot

July 15, 2020·

I am closing the EURN puts to lock in about half of the credit collected by selling and rolling these puts during the past couple of months. I am still bullish on tankers and have plenty of exposure remaining. Since the volatility of tanker options has been dropping, it makes…

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