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Trade Commentary
- 16 JUNE 2019 TUESDAY newsletter/commentary June 16, 2020
- 03 JUNE 2020 WED newsletter/commentary June 3, 2020
- 27 MAY 2020 WEDNESDAY newsletter/commentary May 27, 2020
- 19 MAY 2020 TUESDAY newsletter / commentary May 19, 2020
- 12 MAY 2020 TUESDAY newsletter/ comments May 12, 2020
About This Site
Don A. Singletary is a teacher and writer. For 25 years he was a commodity risk management (hedge) consultant for major corporations. He is the author of Option Income Training Bulletin, the only such publication dedicated to teaching small/medium personal investors how to sell commodity options for a second income, a strategy traditionally used mostly by professional investors, the wealthy, and money managers.
While this website is for subscribers only, you can get full access with a free trial subscription. Also you may visit his blog with many trade examples and articles on this valuable strategy at: SellingCommodityOptions.com
Closing Purchase: I exited my DEC19 Crude Oil short 75 CALL @ 0.74 ($740) for a loss of -$680.
I had sold it for 0.06 ($60). This huge loss was a result of drone rocket attacks on Saudi Arabian Oil fields cutting their production severely. According to the news reports, this attack was not defended, thus it points to further vulnerability to Saudi Oil production. At 12:46 PM ET the DEC19 Futures are trading $61.39, up $6.82 per barrel. As of the time of this posting, the source of the attacks has not been confirmed. The margin to hold this short DEC19 Crude Oil 75-CALL was about $2,300. For a while this morning, crude prices came down a bit but at midday, they resumed upward, so I exited.
Corn: The DEC19 Corn futures are 372.25 at midday, +3.50 cents. The 320 PUT was sold at 1.50 cents, it is trading at 0.625 cents today.
That is all today. – Don
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