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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