#278: Thu 10/18/2018 7:10 PM EDT
Thoughts On Current Market

We have been quiet this week because it is options expiration week and it has been a wild one. Monday was lower. Tuesday was up strong. Wednesday was mild to the downside and today was a puke.

~more~

#718: Thu 10/11/2018 2:58 PM EDT
Close USO Puts For Small Gain

Sell the 22 contracts on the November $15.50 Puts at the market which are trading for $0.84. We have cash of $34. The sell takes in $1848 with cash we will have $1882 for a profit of $2 or 0.11%, ~more~

#717: Thu 10/11/2018 1:37 PM EDT
Lock In GLD Puts For Gain

Sell to close at the market the 13 calls for November $116 Calls for $2249 plus $62 of cash for a total of $2311 against our original cost of $1920 for a gain of $391 or 20.40%. ~more~

#758: Mon 10/15/2018 7:51 PM EDT
The Week Ahead: Earnings, Earnings & More Earnings

Economic Releases. Releases of note this week and next include the weekly chain store sales, oil/gas numbers, mortgage applications and jobless claims as well as retail sales, NY Empire Manufacturing, industrial production, housing starts, FOMC minute, Phill Fed Manufacturing, leading indicators and existing home sales. ~more~

#718: Thu 10/11/2018 2:58 PM EDT
Close USO Puts For Small Gain

Sell the 22 contracts on the November $15.50 Puts at the market which are trading for $0.84. We have cash of $34. The sell takes in $1848 with cash we will have $1882 for a profit of $2 or 0.11%, ~more~

#717: Thu 10/11/2018 1:37 PM EDT
Lock In GLD Puts For Gain

Sell to close at the market the 13 calls for November $116 Calls for $2249 plus $62 of cash for a total of $2311 against our original cost of $1920 for a gain of $391 or 20.40%. ~more~

#716: Thu 10/11/2018 9:46 AM EDT
Rolling GLD Trade From October To November

We are sticking with our GLD trade and rolling to November to give us more time. Sell the ... ~more~

#715: Wed 10/10/2018 11:46 AM EDT
Rolling USO Trade To November

We are rolling our trade in USO from October to November. More on this trade tonight and the logic behind the action. ~more~

#278: Thu 10/18/2018 7:10 PM EDT
Thoughts On Current Market

We have been quiet this week because it is options expiration week and it has been a wild one. Monday was lower. Tuesday was up strong. Wednesday was mild to the downside and today was a puke.

~more~

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#277: Wed 9/12/2018 4:05 PM EDT
Quick Update On GLD Trade

We have traded GLD two times in 2018 before this trade and GDX once. They all made nice gains (21.81% 27.64% and 35.08%) so we have been itching to get back into GLD or GDX. We recommended going ...

~more~

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#276: Thu 8/9/2018 7:22 PM EDT
Why We Closed Out the USO Put Trade

So why did I lock in gains on the August USO $15 Puts yesterday? There were a couple of good reasons that go to the core of our work. Frist, when we get close to an expiration you have to be nimble. USO finally broke below $14 and a violent move back above would have cut into the gains or even worse caused a loss.

~more~

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#275: Mon 5/21/2018 5:54 PM EDT
Quick Update

In our last update, we discussed wanting to get long oil via calls. We did this via USO Calls and made 43.43%. This puts our trades year to date up 130.95% with four winners and no losers.

~more~

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