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.

The commentary and examples are for teaching purposes only and are not intended to be a trading or trade advisory service. Any investments, trades, and/or speculations made in light of  the ideas, opinions, and/or forecasts, expressed or implied herein on the web site and/or newsletter, are committed at your own risk, financial or otherwise. Trading with leverage could lead to greater loss than your initial deposit. Trade at your own risk.   Investors and traders are responsible for their own investment/trading decisions including entries, exits, position, sizing and  use of stops or lack thereof.  This is not a trade advisory service and is for educational purposes only.  The content on the pages here is believed to be reliable - but we cannot guarantee it.