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Opening

Selling a NVDA Iron Condor

NVDA has a decent volatility component. The maximum loss for a 10 lot is $20,000 minus the credit received. I will be looking to take it off for about a $2,500 profit given the opportunity. BTO NVDA Jan 435 P / STO NVDA Jan 455 P / STO NVDA Jan…
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Selling a PYPL Iron Condor

PYPL has a decent volatility component. Selling the January iron condor instead of the December in order to collect additional premium. The maximum loss for a 10 lot is $10,000 minus the credit received. I will be looking to take it off for approximately a $1,500 profit given the opportunity.…
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Selling a BABA Iron Condor

Time to put on some trades with volatility still being elevated. BABA is a good candidate for an iron condor. The maximum loss for a 10 lot is $15,000 minus the credit received. I would like to take it off for a $2,000 profit.  BABA Dec 235P/-250P/-320C/335C for a credit…
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Adding Teekay Tankers (TNK)

My tanker bets have not been working. This quarter might be a little rough given the depressed dayrates, but this has been a great year for them in general (earnings-not share price). I am not worried about Teekay Tankers in the long run and am prepared to wait out the…
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Selling an ADBE Iron Condor

In order to conserve buying power, I prefer selling iron condors in high priced stocks instead of strangles. This trade features an Oct 23 expiry which is shorter than usual in order to be out by the election. This is a large bet that ADBE’s share price will remain strong…
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Selling a CRWD Iron Condor

I am selling an iron condor in CRWD to increase portfolio theta. I am inclined to take this one in early if given the opportunity in order to have more buying power available going into the U.S. federal election. CRWD Nov 110P/-130P/-175C/195C for a credit of 6.25.
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Selling an Amazon Iron Condor

Amazon’s volatility makes it an interesting candidate for selling options. I am selling an iron condor and not naked options in order to limit risk and to minimize the buying power reduction. AMZN Nov 2500P/-2520P/-3680C/3700C for a credit of 6.80.
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Selling a Crude Oil Strangle

Crude’s volatility has picked up making its options richer. I am taking advantage by selling November premium. I anticipate buying back the strangle for a debit which will be less than the initial credit received. This will likely be possible as time passes, volatility decreases and if the price of…
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Gold Looks Good Here So I Am Selling Puts

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…
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Selling an Iron Condor in Zoom Video (ZM)

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…
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Selling Puts in TLRY

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…
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Buying FPX Nickel (FPX)

FPX Nickel (FPX) is a junior nickel mining company developing the Decar Nickel District in central British Columbia. This company is already one of my largest holdings, but I am buying another tranche during the share price pullback today. I will consider it an opening position in keeping with the…
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Selling a Corn Put

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…
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Selling an Unbalanced Iron Fly in GDXJ

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…
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Adding a Bullish Put Spread in Amazon

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…
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Going Long Silver

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…
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Selling a Wheat Put

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…
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Selling a Corn Strangle

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…
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Taking a Long Position on Natural Gas

Natural gas prices have been decimated. There are plenty of narratives to explain it including seasonal weakness, greater supply due to additional oil production as crude prices rise, etc. None of that matters to me. I am betting on a mean reversion and I will sell options to express my…
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Opening a NOB Spread

This Notes Over Bonds spread has widened out so I am going to fade it in anticipation of a relief rally. Let’s see how long this takes to work out. Sold /ZB Sep 177′ 28 and bought 2 x /ZN Sep 138′ 305.
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