Closing

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.