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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…

September 9, 2020·

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Going Long on Natural Gas

Commodities are seeing a bid. Going long natural gas by selling puts. The options are fairly rich. Sold /NG Oct 2.55P for a 0.095 credit.

August 31, 2020·

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Rolling Zoom Video (ZM) Iron Condor

Zoom Video (ZM) has been testing the upper limits of the iron condor and beyond. I am rolling the position to October to keep the trade alive while collecting additional credit. ZM Oct 185/195/280/290 for a credit of 3.84.

August 27, 2020·

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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…

July 30, 2020·

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Adding Another Tranche of Scorpio Tankers (STNG)

I am adding a third tranche of Scorpio Tankers (STNG) as its share price has continued to fall. Scorpio has made a lot of cash so far this year which is not being reflected in its share price. This company, along with most tanker stocks, seems to be trading on spot…

June 26, 2020·

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Buying More Scorpio (STNG)

I am adding a second tranche of Scorpio Tankers (STNG) as it has pulled back significantly. Tanker stocks are volatile. Charter rates bounce around. Shares are sold for an infinite number of reasons. The important takeaway is that the fundamentals are strong. These companies are getting great rates for their ships…

May 12, 2020·

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Buying Scorpio Tankers (STNG)

I am buying a tanker stock, Scorpio Tankers (STNG), as a bet that charter rates for these ships will continue to climb as the surplus of crude and its distillates continues to grow. This company has plenty of debt and I am unsure about its management so the wiser thing…

April 22, 2020·

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The Future of Oyu Tolgoi

There is quite a dance underway at the Oyu Tolgoi complex with Turquoise Hill (TRQ), Rio Tinto (RIO), Entree Resources (ETG), the Mongolian partner and other government authorities all attending. Are the government interventions part of a negotiating strategy? How about the project re-engineering, delays and additional costs? Logic would have it…

November 13, 2019·

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Buying Fireweed Zinc (FWZ)

I am buying another junior resource company to add to my list of Speculations. I am already an owner of Fireweed Zinc (FWZ), but I am buying another tranche and will consider it an opening position in keeping with the formalities of this blog. This company owns a large and…

October 31, 2019·

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Selling a Crude Oil Strangle

Going Long on Natural Gas

Rolling Zoom Video (ZM) Iron Condor

Buying FPX Nickel (FPX)

Adding Another Tranche of Scorpio Tankers (STNG)

Buying More Scorpio (STNG)

Buying Scorpio Tankers (STNG)

The Future of Oyu Tolgoi

Buying Fireweed Zinc (FWZ)