Sunday, September 29, 2019

Oil and Gold futures continue to pay off ... Impeachment drags equities; Navigation Trading Automation

Oil continued to slide this past week after the excitement of a couple of weeks ago, reaching back down to its previous range, currently $56 or so per barrel.

Gold futures are also volatile, currently around $1500:


These both pay well, for example if you sold:


  • /CL sell 2 60 calls and 1 50 put, both expiring November 15, you get about $3000 credit (on Tastyworks)
  • /GC 1545 call and 1440 put, both expiring October 28, you get another $1191 credit

Best practice is to close each of these when you get 50% of the credit, so that's about $2100 or so within 20-25 days ... while tying up only $3500 or so in buying power.

Not bad ...

Equities dragged a bit (SPX down to 2961 on Friday) due to this guy:

Enough said about this ... although the most recent impeachment we had did not bother the stock market one bit (possibly due to its happening in the midst of the dot-com boom) ..

As for navigation trading ... 

I watched the trades go by this week and it still seems clear that the trader in charge is a Tastytrade aficionado ... which is a Good Thing!

I'm making progress on automating these trades and can do this for you (as well as a bit more oil and gold trading for extra revenue!) anytime you are ready.

Let me know ... details here ...





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