18 February 2019 MONDAY TRADE COMMENTARY

Markets Closed President’s Day Holiday  18 FEB 2019 Monday

Comments in today’s video on short Gold Strangles, holding.  Shopping for Corn 370 PUTs, and corn fundamentals.  Why it’s not a good time to sell more Soybean CALLs yet. A Film on Crude Oil Price Wars and I’ll be shopping JUN19 75-strike CALLS in crude.

Many of the charts used in today’s commentary are from Dr. Dan O’Brien at Kansas State University.   They do a great job of market up and interpreting the USDA data and other information.  The link to all these charts is here:
https://www.agmanager.info/grain-marketing/grain-supply-and-demand-wasde

 

More links of this kind are at the tab Resource: Links Library here on this web site.

Summary of my Current Positions and Outstanding Orders:

Short the JUN19 Crude Oil 70-strike CALL at 0.420 ($420)
Closed: Short the JUN19 Crude Oil 30-strike PUT at 0.08 ($80)  Filled: GTC entered to close @ 0.02
Short the JUN19 Crude Oil 40-strike PUT at 0.30 ($300)  GTC entered to buy back at 0.13 or better

Short the JUN19 Gold 1550-strike CALL  for 1.10 cents ($110)
Short the JUN19 1200-strike PUT for 1.40 ($140)

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 as trading advice and are for educational purposes.

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Here is the film I mentioned on Amazon Video Prime:

I do not sell software, trading systems, manage money, nor am I a broker.  I am a writer/educator who worked more than 25 years as a private commodity hedge fund consultant in risk management for large corporations in production and procurement of various commodities.

Have a great week.  – Don

Don A. Singletary

Other books by Don A. Singletary  CLICK OR TAP COVER FOR MORE INFO

 

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.