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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.
  • June 11, 2020·
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Selling a Crude Oil Strangle

I am selling a neutral strangle in crude oil. It is a decent accompanying position to my short crude futures position. My plan is to take off the short futures on further declines in crude, but leave on the strangle and manage as necessary. Sold /CL Jul 33P/37C strangle for…
  • June 11, 2020·
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Jumping into Gold Again

I do not usually buy options, but I am making an exception to buy out of the money calls on gold. The value of these options will continue to decline and do so rapidly unless the gold price spikes up again in the near term so this could become a…
  • June 5, 2020·
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Going Long Gold

I want to increase my exposure to gold as its price has dropped recently. This will be a two part trade. I will sell a /GC put to collect premium and then use this premium to buy an out of the money /GC call. It’s a feel good trade in…
  • May 27, 2020·
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Selling a Gold Strangle

I am selling a wide gold strangle in June to take advantage of its decent volatility. I expect gold to go higher in the long run, but I want to take advantage of its volatility in the short term. /GC Jun -1620P-1915C for a credit of 17.00.
  • May 18, 2020·
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Selling Tanker Puts

I am selling in the money puts in a tanker company called Euronav (EURN). Its options are fairly rich and I believe tanker stock prices will benefit from excellent earnings. Getting assigned would not be a poor outcome. Sold EURN Jun 10 Put for a credit of 1.80.
  • May 14, 2020·
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Selling a Vertical Put Spread in Gold

I am selling a vertical put spread in gold. Volatility is decent and the long term prospects for gold are excellent. The maximum loss for each spread is $1,420. [$2,500 (1635-1660) – $1,080 (credit received) = $1,420] I would try rolling it for another credit into the next month if…
  • April 8, 2020·
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Going Long on MGM

Hospitality and gaming stocks have been shellacked. I am likely catching the falling knife here, but I am going long MGM by selling rich puts. Revenues are going to be down. The question is for how long? COVID-19 is a real problem, but will likely be under control within six…
  • March 9, 2020·
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Using Options to Build a Position in Cameco

Cameco is a company worth owning if you believe that uranium has a future. I am interested in establishing a sizable position and will use options to build that position while lowering my cost basis. The idea for this trade came from a recent Rick Rule interview on BNN where…
  • March 3, 2020·
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Sandstorm Gold Royalties

I am buying Sandstorm Gold Royalties (SAND) at a price that I did not think I would see again. The severity of the pullback in the broad markets has created many casualties and opportunities. Sandstorm is a well managed precious metals royalty and streaming company. It is a growing cash…
  • February 29, 2020·
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Buying Trilogy Metals Again

I am going back to the Trilogy Metals (TMQ) well. The share price has retreated and offers up a bargain in my estimation. The JV has been formed, there’s plenty of money in the bank, highly prospective property to explore and more news related to the access road expected in…
  • February 18, 2020·
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Buying Silver

Recycling profits from crude oil and /ES strangle into silver. Silver is down. It will likely head up again in my estimation as a tag along to higher gold prices. Bought /SI Mar for 17.82.
  • February 3, 2020·
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Selling Strangle in /ES

I am selling a /ES strangle to take advantage of another pop in volatility. I will close it on a volatility drop or keep rolling it if volatility remains elevated. Sold /ES Mar -3160P/-3280 C for a credit of 102.00.
  • January 31, 2020·
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Selling a New /ES Strangle

I am selling a new /ES strangle to take advantage of the volatility uptick. This one is more centered than the last one since the market has pulled back. Sold /ES Mar -3180P/-3310 C for a credit of 98.00.
  • January 27, 2020·
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Buying /NG Below $2.00.

Going back to the well to buy natural gas on its plummet below $2.00. Is natural gas going out of business? It’s a commodity so the answer is no. I will hold onto it until it is profitable. Bought /NG Feb for 1.956.
  • January 19, 2020·
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