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Closing Entree Resources (ETG) for a 83% Profit

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…

February 22, 2021·

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

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…

February 19, 2021·

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Closing SQ Iron Condor for $1,200 Profit

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.

December 17, 2020·

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Closing NVDA Iron Condor for a $2,570 Profit

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

December 14, 2020·

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Closing the BABA Iron Condor for $2,100 Profit

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…

November 23, 2020·

Speculation ·
Closing ·

Closing TNK for 13.5% Profit

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…

November 9, 2020·

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Closing the CRWD Trade for $2,850 Profit

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.

November 5, 2020·

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Closing ·

Closing the UVXY Iron Fly for $650 Profit

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.

October 29, 2020·

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

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.

October 21, 2020·

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Closing ·

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

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.

October 20, 2020·

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

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…

October 16, 2020·

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

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…

October 12, 2020·

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Closing the Crude Strangle for a $690 Profit per Contract

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.

September 23, 2020·

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Closing ·

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

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.

September 15, 2020·

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

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…

August 24, 2020·

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Closing ·

Closing the Corn Trade for a $168.75 Profit per Contract

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.

August 17, 2020·

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Closing ·

Closing the Tilray Puts for a $400 Profit

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.

August 15, 2020·

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Closing ·

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

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.

August 1, 2020·

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Closing the NOB Spread for $281 Profit in One Day

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.

July 18, 2020·

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Closing ·

Closing Out the Corn Strangle for $200 Profit per Contract

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…

July 16, 2020·

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

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…

July 15, 2020·

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Closing ·

Closing the Silver Put for a $935 Profit per Contract

Silver had a decent rise in price so I am buying back the silver put. I still like silver and would consider selling a put again with a rise in volatility and/or drop in the price of silver. Bought /SI Aug 18.65P for a 0.672 debit.

July 9, 2020·

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Closing ·

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…

July 9, 2020·

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Closing ·

Closing the Wheat Trade for a $300 Profit per Contract

Wheat prices jumped almost immediately so I am taking profits of $300 per contract in one day. Bought /ZW Aug 490P for a 7.875 debit.

July 8, 2020·

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