Closed Trade today: I made a closing purchase of my short DEC19 85-strike CALLs today at 0.06 ($60.00). I sold on them on 17 SEP2019 for 0.19 ($190), so the profit is +$130 per option. Click this bar to see the trade origination:
The jest of the story is that will Iranian oil back on the world market due to Chinese purchases continuing “could drop” oil prices with this supply increase.
As I mentioned in my comments yesterday, I am shopping to sell FEB20 Crude Oil CALL options soon and possibly the PUTS also to form short strangles.
Summary of positions after today’s trade:
Only one position, my short DEC19 short 420-strike CALLs, see:
That is all today. Thank you – Don
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