12 February 2019 TUESDAY newsletter – closed one trade today

Greetings:  I closed out my short MAY19 Corn 360 PUTs today at 1.125 cents (a closing purchase.) I had sold them for 3.375, so profit was 2.25 cents = $112.50

At midday Corn futures are up 5.00 cents, so I thought to myself “Thank you market,” and took the money.  -Don

My Current Position Summary as of today 12FEB2019:

Short the JUN19 Crude Oil 70-strike CALL at 0.420 ($420)


Short the JUN19 Crude Oil 30-strike PUT at 0.08 ($80)  GTC entered to close @ 0.02 is outstanding


Short the JUN19 Crude Oil 40-strike PUT at 0.30 ($300)


Short the JUN19 Gold 1550-strike CALL  for 1.10 cents ($110)


Short the JUN19 1200-strike PUT for 1.40 ($140)


Closed: Short the MAY19 Corn 360-strike PUT at 3.375 ($168.25) Closing purchase at 1.125 cents


Short the JUL19 Corn 360-strike PUT at 3.125 ($156.25)

Note:  I always use examples with a quantity of 1 (one) option per trade.  This is not because I only trade one of each option, it is to keep the illustrations simple and easy to understand in the newsletter.  Please remember the strategies of the trades I post here are risky, and not suitable for all traders.  Posts here are for educational purposes only.

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