One new trade today with Corn. Notes on existing positions. Holiday Schedule for the Option Income Training Bulletin. A free extension for FREE TRIAL subscribers due to the light holiday schedule.
New Trade Today: I sold the MAR20 365-strike PUT option for 2.125 cents ($106.25) each. 66 days until expiration on 21 February 2020. Initial Margin: $658.00 Prob OTM: only 82% Possible return based on init. margin: $106.25 / $658 = 16.14% in a little over two months (66 days.)
Comment: Although this PUT strike is closer than I normally like, as I mentioned in last week’s post – the yield and/or harvest acres numbers are likely to come down. That post is here, if you want to see that comment: https://www.timefarming.com/blog/10-dec19x/
Here’s today’s Corn MAR 20 Chart:
Current Positions in addition to today’s new trade:
MARCH 2020 CRUDE OIL short strangle this morning. I sold the 70 Calls and the 45 Puts @ 0.14 for each of then, total of 0.28 ($280.) Trade Date: 10 DEC 2019:
MARCH 2020 Gold 1350-strike PUT for 0.80 ($80) Trade Date: 10 DEC 2019
Operation Notes: There will be no report scheduled next week during the holiday week. I will send out notice if I change any of my trades or positions. The next scheduled trade commentary will be 12/31/2019, Tuesday.
If you are on the FREE TRIAL, PLEASE KNOW THAT DUE TO THE HOLIDAYS, you trial time will be extended until 15 JAN 2020.
Comments Continued:The current positions are doing well. Even over the holidays, I will still be watching them closely and will send out notification if I modify or add anything. If/when the Stock Market ‘corrects’ in a big way, I will look to leg into a Gold CALL, to form a short strangle (see 10DEC2019 comments for details.)
I am planning new trades in January of 2020, possibly: adding a new Crude Oil strangle, more short Gold PUTs, a Natural Gas play, and also to look for short JUL20 Corn PUTS.
I wish you all a wonderful and safe holiday and my thanks and best wishes to each of you. thank you. – Don
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