Greetings: 17 DEC 2019 / Tuesday
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
Don A. Singletary
If you need a fast inexpensive gift for a young person or young couple, please consider my Stock Market for Beginners book, under $10, free prime, and it has over 30 Five-Star Reviews on Amazon. It is easy to understand and encourages readers to invest as early in life as possible: (I think delivery time is about 4 days right now.)
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.
Greetings: 17 DEC 2019 / Tuesday
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
Don A. Singletary
If you need a fast inexpensive gift for a young person or young couple, please consider my Stock Market for Beginners book, under $10, free prime, and it has over 30 Five-Star Reviews on Amazon. It is easy to understand and encourages readers to invest as early in life as possible: (I think delivery time is about 4 days right now.)
free prime shipping <$10
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.