Closing

Silver prices had a little pop offering a $500 profit per contract. I took it since it happened so quickly. I will likely redeploy when /SI Mar drops below 17.80 again. Sold /SI Mar for 17.90.

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.

X shares rose after its earnings release and the price of the 11 Puts in November collapsed so taking profits of $36 per one lot. That would be a $360 profit if holding 10 options contracts. Bought X Nov 11 Puts for 0.09 debit.

I really like this trade especially in this low volatility environment. The spread is still wide and I plan to put it on again when it widens up. Sold in Dec /6A for 0.6866 and bought /6C for 0.76635 for $145 profit for each contract pair.

I think my entry point was a bit weak. Taking it off for a scratch, but will consider putting this trade back on again when the spread is a bit more favorable. Bought /ZB Dec 159′ 28 and sold 2 x /ZN Dec 129′ 25.

I was prepared to hold on to this one for a while considering it was a December Put, but oil rebounded almost immediately so taking profits. Bought /CL Dec 53.5 Put for 2.40 debit.

I thought about not posting this closing trade and deleting the accompanying opening trade because it all happened so quickly. However, I promised to do my best to follow every trade through and the opening trade was already posted. So here it is. I covered the Puts on a quick…

Bought /6A Nov .67 Put for 0.0006 debit.

Buying back silver puts for $305 profit per contract in less than one day. Bought /SI Nov 17.35 Put for .405 debit.

I was able to close this trade for a decent profit in just over one day. Bought /CL Nov 48P/61C strangle for a $.91 debit.