08 April 2019 MONDAY newsletter

New Trade today and GTC’s (good til canceled) entered:

FILLED: I bought back my short JUL19 Crude Oil 45-strike PUT (a ‘closing purchase’) today for 0.06.  As I stated in the commentary today, I put in a GTC early today to make this closing purchase and was filled mid-morning.  It was sold for 0.18 and closed at 0.06 for a profit of + $120 is now realized (not including commissions.)


PENDING: I also put in a GTC to buy back my short Crude Oil SEP19 35-strike PUT at 0.03.  It was sold for 0.09.  If/When filled, I expect to replace it with a higher strike price in the SEP19 class.

PENDING: I have a GTC order in to close out my short DEC19 Corn 540-strike CALL at 1.375.  It was sold for 2.875.  If/When filled, I expect to sell another/more CALLs in the same class, probably at a lower strike(s).


Summary of My Positions:

Short Strangle:
Short JUL19 Gold 1450-strike CALL for 0.90
Short JUL19 Gold 1200-strike PUT for 0.90
(total of 1.80 = $180)


 Short strangle:
Short SEP19 Crude Oil 80-strike CALL for 0.17

Short SEP19 Crude Oil 35-strike PUT for 0.09  (total of 0.26 = $260)   GTC order in to close this option at 0.03


This new Trade Origination button will take you back in time – to the post where the trade was originally placed, so you can review the chart, fundamentals, and the details of this trade’s selection.   This way you get much more than just the position listing. – DAS


Short Strangle
Short the JUL19 Crude Oil  75-strike CALL for 0.11 ($110)


 Short Corn DEC19 540-strike CALL for 2.875 ($143.75)  GTC order in to close this option at 1.375


Short the DEC19 Corn 330  for 2.0 cents ($100.)


For simple illustrations, I post all my trades as quantity of one option, although I trade more of them.


Comments:  See today’s TRADE COMMENTARY, if you haven’t viewed it yet please at: https://www.timefarming.com/blog/08-april-2019/

The Weekly USDA Agricultural Export Inspections report today for week ending April 4, 2019:
Soybeans: In the current year 59.1% of projected exports achieved, compare to the 5 yr. avg  on this date of 82.3%.

Corn: In the current year 50.9% of projected exports achieved, compare to the 5 yr. avg. on this date of 47.7%.
Summary: So, as we know due to trade dispute, soybeans exports way down.  The corn, as expected, on track.

Notice: Upcoming USDA WASDE (monthly) Report due tomorrow at Noon Eastern time.  The expectation is that the carry-over for Corn will reflect the recently revised higher carry over (more stocks) totals announced by USDA last week. Link for report: https://www.usda.gov/oce/commodity/wasde/

That is all today. – Don


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Don A. Singletary

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