Traders Edge
133
18 Losers
1 Mixed

Trade Alert

Open Trades

Opportunities in COPPER

DATE: October 18, 2022

Trade:

Sell March copper 240 puts for 2.05
$512.50*

Gross Credit for Trade: $512.50*

Span Margin Requirement: $1400

Expiration Date: February 23, 2023

Price of COPPER: 3.373

Rationale:

Post pandemic demand from China as well as military usage should offset any downward pressure due to recessionary fears. Technical strong support exists at the 3.00 to 3.20 level with major support at the 2.40 to 2.50 level.

Opportunities in COPPER

DATE: October 20, 2022

Trade:

Sell March copper 455 calls for 2.20
$550*

Gross Credit for Trade: $550*

Span Margin Requirement: $500

Expiration Date: February 23, 2023

Price of COPPER: 3.386

Rationale:

Having sold a March put at a lower level, we take advantage of the rally and get a break on margin by selling the call and forming a strangle. The demand for the industrial metal should not increase nearly enough to cause a 35% increase. GDP is declining not rising.

Opportunities in SILVER

DATE: October 31, 2022

Trade:

Sell March 14.00 silver puts for 10.4
$520*

Gross Credit for Trade: $520*

Span Margin Requirement: $2448

Expiration Date: February 23, 2023

Price of SILVER: 19.17

Rationale:

This is a technical trade. Near term support at 17.50 probably will hold. But the long-term support at 13.90 dating back to 2009 should not be broken. In less than 4 months silver would have to drop over 27% for the trade to fail at expiration.

Opportunities in COTTON

DATE: November 21, 2022

Trade:

Sell March cotton 65 puts for 1.01
$505*

Gross Credit for Trade: $505*

Span Margin Requirement: $1689

Expiration Date: February 10, 2023

Price of COTTON: 81.25

Rationale:

Cotton has dropped about 30% in less than 3 months. A recession and strong dollar have slowed down apparel demand. All these factors have put tremendous premium in puts. Technically the recent lows of 72 should hold.

Opportunities in GOLD

DATE: December 29, 2022

Trade:

Sell 3 June gold 22.00 calls/Buy 1 June Gold 20.50 call for credit of $1000*
$1000*

Gross Credit for Trade: $1000*

Span Margin Requirement: $3487

Expiration Date: May 25, 2023

Price of GOLD: 1854

Rationale:

We are not expecting gold to shatter the all time high of 2058. For the 22.00 calls to get in-the-money our 20.50 call must be worth at least $15,000. Time will tend to erode the farther out-of-the-money options more rapidly.

Opportunities in Australian Dollar

DATE: January 3, 2023

Trade:

Sell June 61.50 Australian Dollar puts for .53
$530*

Gross Credit for Trade: $530*

Span Margin Requirement: $790

Expiration Date: June 9, 2023

Price of Australian Dollar: 67.82

Rationale:

Australia's proximity to China caused severe pressure on the Australian Dollar during the first month of global shut down, mid March to mid April 2020. Other than that short period, the Australian Dollar has not been below 61.50 in almost 20 years. With margin of only $790 if the option expires worthless the return on margin would be 67% in less than 6 months.

Opportunities in CRUDE OIL

DATE: January 4, 2023

Trade:

Sell April crude oil 53.50 puts for .55
$550*

Gross Credit for Trade: $550*

Span Margin Requirement: $1648

Expiration Date: March 16, 2023

Price of CRUDE OIL: 74.51

Rationale:

Crude Oil closed the year over $80 a barrel. The sharp drop to start the year has caused the puts to gain significant value. We want to sell over-valued puts that are only 28% out-of-the-money. Strong technical support exists around $61.

Opportunities in CRUDE OIL

DATE: January 18, 2023

Trade:

Sell April 103 crude oil calls for .50
$500*

Gross Credit for Trade: $500*

Span Margin Requirement: $2396

Expiration Date: March 16, 2023

Price of CRUDE OIL: 82.28

Rationale:

The recent rise in crude oil has caused over-valued calls. April crude has never traded above 103. As rates continue to rise and the economy slows so should the demand for crude. Technical resistance exists just over $90 per barrel.

Opportunities in SILVER

DATE: February 2, 2023

Trade:

Buy 1 May 29.75 silver call/Sell 3 May 31.00 silver calls for 20.6
$1030

Gross Credit for Trade: $1030

Span Margin Requirement: $4750

Expiration Date: April 25, 2023

Price of SILVER: 24.15

Rationale:

Strong rally in silver created rich call option premiums. Ideally, the option expires between $29.75 and $31, but unlikely silver will break extremely strong resistance before reaching $28. We don't expect silver to increase over 30% in less than 3 months.

If you would like additional information please call 800-972-3343 or contact us using the form.

Closed Posted Trade Results

133
18 Losers
1 Mixed

The following are option trades placed and posted by Trader’s Edge for our clients. It contains naked, ratio and credit spread strategies. *These trades do not include commissions and fees.

LOSS

NATURAL GAS

December 20, 2022

Trade Opening Details

Sell February natural gas 3.60 puts for .052

Trade Closing Details

Bought back the option on January 11th for 2.94

Trade Result

Loss of $2420*

Initial Span Margin Requirement

$3214

Trade Commentary

The market was in a downward spiral. Had we held, the position became worth over $7000.

PROFIT

CRUDE OIL

November 29, 2022

Trade Opening Details

Sell February crude oil 100 calls for .54

Trade Closing Details

On January 17th options expired worthless

Trade Result

Profit of $540*

Initial Span Margin Requirement

$3223

Trade Commentary

Options expired worthless 100% of the premium was retained

PROFIT

GOLD

October 10, 2022

Trade Opening Details

Sell February gold 1425 puts for .51

Trade Closing Details

On January 26th options expired worthless

Trade Result

Profit of $510*

Initial Span Margin Requirement

$1276

Trade Commentary

Options expired worthless and 100% of the premium was retained

PROFIT

CRUDE OIL

September 19, 2022

Trade Opening Details

Sell January 49.00 crude oil puts for .50

Trade Closing Details

On December 15th the option expired worthless

Trade Result

Profit of $500*

Initial Span Margin Requirement

$1505

Trade Commentary

The option expired worthless and a 100% of the premium was retained

PROFIT

SWISS FRANC

August 31, 2022

Trade Opening Details

Sell December Swiss Franc 98 put/108 call for. 89

Trade Closing Details

On November 25th bought back the 108 call for .12 On December 9th 98 put expired worthless

Trade Result

Profit of $962.50*

Initial Span Margin Requirement

$2030

Trade Commentary

There was still time left on the 108 call and it looked like the Swiss Franc had bottomed so it was bought back. Put expired worthless. The trade still made a profit of $962.50*

PROFIT

AUSTRALIAN DOLLAR

August 30, 2022

Trade Opening Details

Sell December Australian Dollar 64.50 puts for .54

Trade Closing Details

On December 9th option expired worthless

Trade Result

Profit of $540*

Initial Span Margin Requirement

$845

Trade Commentary

Option expired worthless and 100% of the premium was retained

PROFIT

CRUDE OIL

August 16, 2022

Trade Opening Details

Sell December crude oil 130 calls for .58

Trade Closing Details

On November 16th options expired worthless

Trade Result

Profit of $580*

Initial Span Margin Requirement

$2250

Trade Commentary

Options expired worthless and 100% of the premium was retained

PROFIT

GOLD

July 28, 2022

Trade Opening Details

Buy 1 December gold 2000 call for 1410/Sell 3 December 2100 calls for 850 each

Trade Closing Details

On November 22 options expired worthless

Trade Result

Profit of $1140*

Initial Span Margin Requirement

$3235

Trade Commentary

Options expired worthless and 100% of the premium was retained

PROFIT

WHEAT

July 20, 2022

Trade Opening Details

Sell October wheat 6.90 puts for 10.5

Trade Closing Details

On September 23 the options expired worthless

Trade Result

Profit of $525*

Initial Span Margin Requirement

$1320

Trade Commentary

Options expired worthless and 100% of the premium was retained.

PROFIT

CRUDE OIL

July 8, 2022

Trade Opening Details

Sell October crude oil 155 calls for .57

Trade Closing Details

On August 16th bought back options for .02

Trade Result

Profit of $550*

Initial Span Margin Requirement

$2011

Trade Commentary

We retained 96% of the premium and exited 1 month before expiration. By taking the risk off the table we can replace it with a December crude call.

PROFIT

CRUDE OIL

June 16, 2022

Trade Opening Details

Sell October 67 crude oil puts for .60

Trade Closing Details

On September 15th options expired worthless

Trade Result

Profit of $600*

Initial Span Margin Requirement

$1600

Trade Commentary

Options expired worthless and 100% of the premium was retained

PROFIT

COPPER

June 2, 2022

Trade Opening Details

Sell September copper strangle 365 put and 565 call for 4.20

Trade Closing Details

On August 25th options expired worthless

Trade Result

Profit of $1050*

Initial Span Margin Requirement

$2202

Trade Commentary

Options expired worthless and 100% of the premium was retained on the puts and calls.

PROFIT

EURO CURRENCY

May 19, 2022

Trade Opening Details

Sell December Euro Currency 15.50 calls for .40

Trade Closing Details

On December 9th option expired worthless

Trade Result

Profit of $500*

Initial Span Margin Requirement

$831

Trade Commentary

Option expired worthless and 100% of the premium was retained

PROFIT

SILVER

May 3, 2022

Trade Opening Details

Sell September silver 35.00 calls for 12.2

Trade Closing Details

On August 25th options expired worthless

Trade Result

Profit of $610*

Initial Span Margin Requirement

$2408

Trade Commentary

Options expired worthless and 100% of the premium was retained.

PROFIT

SILVER

April 22, 2022

Trade Opening Details

Sell September 18.50 silver puts for .10

Trade Closing Details

On August 25th options expired worthless

Trade Result

Profit of $500*

Initial Span Margin Requirement

$2097

Trade Commentary

Options expired worthless and 100% of the premium was retained

LOSS

AUSTRALIAN DOLLAR

April 18, 2022

Trade Opening Details

Sell September Australian Dollar 69 puts for .54

Trade Closing Details

On May 12th bought the option back for 2.40

Trade Result

Loss of $1860*

Initial Span Margin Requirement

$730

Trade Commentary

The Australian Dollar market broke down and we exited the trade.

PROFIT

CRUDE OIL

April 14, 2022

Trade Opening Details

Sell July crude oil 72 puts for .57

Trade Closing Details

On June 15th options expired worthless

Trade Result

Profit of $570*

Initial Span Margin Requirement

$2025

Trade Commentary

Options expired worthless and 100% of the premium was retained

PROFIT

CRUDE OIL

March 31, 2022

Trade Opening Details

Sell 77/70 crude oil put spreads for .52

Trade Closing Details

On May 17th options expired worthless

Trade Result

Profit of $520*

Initial Span Margin Requirement

$1000

Trade Commentary

Options expired worthless and 100% of the premium was retained

PROFIT

S&P 500 E-Mini

March 23, 2022

Trade Opening Details

Sell S&P 500 E-Mini 3900/3750 put spread for 9.5

Trade Closing Details

Bought the spread back on April 21st for 2.5

Trade Result

Profit of $350*

Initial Span Margin Requirement

$1000

Trade Commentary

The trade was profitable with 1 month left in a volatile market

PROFIT

COPPER

March 16, 2022

Trade Opening Details

Sell July copper 6.25 calls for 2.00

Trade Closing Details

On June 27th options expired worthless

Trade Result

Profit of $500*

Initial Span Margin Requirement

$1595

Trade Commentary

Options expired worthless and 100% of the premium was retained

PROFIT

COPPER

March 4, 2022

Trade Opening Details

Sell July copper 3.55 puts for 2.00

Trade Closing Details

On June 27th the options expired worthless

Trade Result

$500*

Initial Span Margin Requirement

$1231

Trade Commentary

The options expired worthless and a 100% of the premium was retained

LOSS

JAPANESE YEN

March 2, 2022

Trade Opening Details

Sell June Japanese Yen 84.50 puts for .40

Trade Closing Details

On March 28th bought the option back for 4.07

Trade Result

Loss of $4,588*

Initial Span Margin Requirement

$1569

Trade Commentary

To much heat to soon therefore exited the trade. With many other accounts we shorted the futures at 83.10 but unfortunately not this one.

PROFIT

GOLD

February 8, 2022

Trade Opening Details

Sell May gold 1650 puts for 5.5

Trade Closing Details

On April 26th options expired worthless

Trade Result

Profit of $550*

Initial Span Margin Requirement

$2076

Trade Commentary

Options expired worthless and 100% of the premium was retained

PROFIT

CRUDE OIL

January 19, 2022

Trade Opening Details

Sell 2 crude oil 57 puts for $630* each ($1260) Buy 1 May 96/106 call spread for $1230*

Trade Closing Details

On March 18th we closed the 57 puts for $120* each for a profit of $1020*. On April 14th we closed the call spread for a profit of $5,920* Total profit of $6,940*

Trade Result

Total profit of $6,940*

Initial Span Margin Requirement

$2700

Trade Commentary

Very successful trade we made over $6900*

PROFIT

CRUDE OIL

January 10, 2022

Trade Opening Details

Sell March 64.00 crude oil puts for .53

Trade Closing Details

On February 16th options expired worthless

Trade Result

Profit of $530*

Initial Span Margin Requirement

$2091

Trade Commentary

Options expired worthless and 100% of the premium was retained.

LOSS

RBOB

January 4, 2022

Trade Opening Details

Sell March 268 calls for 1.90

Trade Closing Details

Bought March Futures for 274,92

Trade Result

Loss of $2108.40*

Initial Span Margin Requirement

$2589

Trade Commentary

Although we subsequently sold 2 put options and profited $1554* the original 268 call option lost $2108.40*

PROFIT

EURO CURRENCY

December 29, 2021

Trade Opening Details

Sell June 118.50 Euro Currency calls for .40

Trade Closing Details

On June 9, 2022 options expired worthless.

Trade Result

Profit of $500*

Initial Span Margin Requirement

$965

Trade Commentary

The options expired worthless and 100% of the premium was retained.

PROFIT

S&P 500 E-MINI

November 23, 2021

Trade Opening Details

Sell end of month December 4400/4300 put spreads for 9 points

Trade Closing Details

On December 31, 2021 options expired worthless

Trade Result

Profit of $450*

Initial Span Margin Requirement

$1200

Trade Commentary

Options expired worthless and 100% of the premium was retained.

PROFIT

NATURAL GAS

November 22, 2021

Trade Opening Details

Sell January 3.55 natural gas puts for .53

Trade Closing Details

On January 28th the options expired worthless

Trade Result

Profit of $530*

Initial Span Margin Requirement

$2427

Trade Commentary

Options expired worthless and 100% of the premium was retained.

PROFIT

GOLD

November 15, 2021

Trade Opening Details

Sell February gold 1695 puts for .52

Trade Closing Details

On February 26th options expired worthless.

Trade Result

Profit of $520*

Initial Span Margin Requirement

$2976

Trade Commentary

Options expired worthless and 100% of the premium was retained.

PROFIT

CRUDE OIL

October 19, 2021

Trade Opening Details

Sell February crude oil 59 puts for .55

Trade Closing Details

On January 14, 2022 options expired worthless

Trade Result

Profit of $550*

Initial Span Margin Requirement

$998

Trade Commentary

Options expired worthless and 100% of the premium was retained.

PROFIT

S&P 500 E-MINI

October 12, 2021

Trade Opening Details

Sell December 3800/3600 put spreads for 11 points

Trade Closing Details

On October 25th bought the spread back for 3.6 points

Trade Result

Profit of $370*

Initial Span Margin Requirement

$1300

Trade Commentary

In less than 2 weeks from October 12 to October 25 the market roared back to break the highs. At this point with more than 1.5 months left until expiration it makes sense to close this trade, take profit, and move on.

PROFIT

SILVER

September 29, 2021

Trade Opening Details

Sell January Silver 17.50 puts for .14

Trade Closing Details

On December 28th the options expired worthless.

Trade Result

Profit of $700*

Initial Span Margin Requirement

$6200

Trade Commentary

Options expired worthless and 100% of the premium was retained.

LOSS

CORN

September 14, 2021

Trade Opening Details

Sell March 6.00 corn calls for 10 5/8

Trade Closing Details

On February 15th we bought back the corn for 36 3/8

Trade Result

Loss of $1287.50*

Initial Span Margin Requirement

$1018

Trade Commentary

We cut our losses when corn turned bullish

PROFIT

GOLD

August 30, 2021

Trade Opening Details

Sell December gold 1650 puts for 7.1

Trade Closing Details

On November 23 options expired worthless

Trade Result

Profit 0f $710*

Initial Span Margin Requirement

$3702

Trade Commentary

Options expired worthless and 100% of the premium was retained

PROFIT

COPPER

August 27, 2021

Trade Opening Details

Sell December 525 copper calls for 2.00

Trade Closing Details

On November 23 options expired worthless

Trade Result

Profit of $500*

Initial Span Margin Requirement

$2340

Trade Commentary

Options expired worthless and 100% of the premium was retained.

PROFIT

COPPER

August 17, 2021

Trade Opening Details

Sell December copper 330 puts for 2.15

Trade Closing Details

On November 23 options expired worthless

Trade Result

Profit of $537.50*

Initial Span Margin Requirement

$2080

Trade Commentary

Options expired worthless and 100% of the premium was retained

PROFIT

COCOA

August 2, 2021

Trade Opening Details

Sell December 22.50 cocoa puts for .51

Trade Closing Details

Bought the option back for .04 on September 8, 2021

Trade Result

Profit of $470*

Initial Span Margin Requirement

$1298

Trade Commentary

With only 35% of the time gone, we closed the trade and captured 92% of the premium.

PROFIT

CRUDE OIL

July 14, 2021

Trade Opening Details

Sell December 46 crude oil put/Sell November 90 crude oil call for 1.01

Trade Closing Details

November option expired worthless. On October 19, 2021 bought back the December option for .01

Trade Result

Profit of $1,000*

Initial Span Margin Requirement

$1596

Trade Commentary

The trade was a home run. We were able to get out early at a cost of $10.

PROFIT

JAPANESE YEN

June 23, 2021

Trade Opening Details

Sell December Japanese Yen 87.50 puts for .43

Trade Closing Details

On Sept 30th we closed the position for .26

Trade Result

Profit of $212.50*

Initial Span Margin Requirement

$1055

Trade Commentary

With a 6 day in a row drop we felt it was time to close the position early and take a profit.

LOSS

EURO CURRENCY

June 2, 2021

Trade Opening Details

Sell November 117.50 Euro Currency puts for .43

Trade Closing Details

Closed option on August 19th for 1.35

Trade Result

Loss of $1,225*

Initial Span Margin Requirement

$865

Trade Commentary

Decided to exit the position before any more loss occurred.

PROFIT

SILVER

May 25, 2021

Trade Opening Details

Sell September 23 silver put/buy September 21.5 silver put for 10.6

Trade Closing Details

Options expired worthless on August 26th.

Trade Result

Profit of $530*

Initial Span Margin Requirement

$1800

Trade Commentary

Options expired worthless and 100% of the premium was retained.

PROFIT

CRUDE OIL

May 19, 2021

Trade Opening Details

Sell September 44 crude oil puts for .52

Trade Closing Details

Options expired worthless on August 17, 2021

Trade Result

Profit of $520*

Initial Span Margin Requirement

$933

Trade Commentary

Options expired worthless and 100% of the premium was retained.

PROFIT

GOLD

April 28, 2021

Trade Opening Details

Sell October gold 1500 puts for 5.4

Trade Closing Details

On 6/21/21 we bought back October 1500 put for $310

Trade Result

Profit of $230*

Initial Span Margin Requirement

$3122

Trade Commentary

We kept 42% of the premium with over 3 months before expiration.

PROFIT

CORN

April 22, 2021

Trade Opening Details

Sell 3 September corn 470 puts/sell 2 September corn 740 calls for .52

Trade Closing Details

Options expired worthless on August 27, 2021.

Trade Result

Profit of $2600*

Initial Span Margin Requirement

$2300

Trade Commentary

Options expired worthless and 100% of the premium was retained.

PROFIT

COFFEE

March 31, 2021

Trade Opening Details

Sell September 105 coffee puts for 1.70

Trade Closing Details

Options expired worthless on August 13, 2021

Trade Result

Profit of $637.50*

Initial Span Margin Requirement

$1650

Trade Commentary

Options expired worthless and 100% of the premium was retained.

PROFIT

COPPER

March 16, 2021

Trade Opening Details

Sell May copper 353 puts for 2.00

Trade Closing Details

On May 27th options expired worthless

Trade Result

Profit of $500*

Initial Span Margin Requirement

$2261

Trade Commentary

Options expired worthless and 100% of the premium was retained.

PROFIT

SOYBEANS

March 11, 2021

Trade Opening Details

Sell May 15.50 soybean calls for 10 5/8

Trade Closing Details

Buy May 15.50 soybeans calls for 1 5/8

Trade Result

Profit of $450*

Initial Span Margin Requirement

$1063

Trade Commentary

Bought the trade back early and locked in a profit of $450*

PROFIT

NATURAL GAS

February 9, 2021

Trade Opening Details

Sell July natural gas 240 puts for .50

Trade Closing Details

Options expired worthless on June 25, 2021

Trade Result

Profit of $500*

Initial Span Margin Requirement

$614

Trade Commentary

Options expired worthless and 100% of the premium was retained.

LOSS

S&P500 E-MINI

January 14, 2021

Trade Opening Details

Buy February 38.00/37.50 put spread/Sell 36.00/35.00 put spread.

Trade Closing Details

Options expired worthless

Trade Result

Loss of $215*

Initial Span Margin Requirement

$650

Trade Commentary

The market rallied over the last month so this trade expired worthless for a loss of $215*

PROFIT

CRUDE OIL

January 13, 2021

Trade Opening Details

Sell May crude oil 37 puts for .52

Trade Closing Details

Options expired worthless on April 15, 2021

Trade Result

Options expired worthless and 100% of premium retained.

Initial Span Margin Requirement

$1096

Trade Commentary

We let the trade expired worthless and retained the premium.

PROFIT

COTTON

January 7, 2021

Trade Opening Details

Buy 1 July cotton 92 call for 2.06/Sell 4 July 102 calls for 1.015

Trade Closing Details

On June 1st we sold the 92 call for $120. Total profit on the trade was $1120*.

Trade Result

Profit of $1120*

Initial Span Margin Requirement

$2481

Trade Commentary

One of the rare times the profit is more than we originally collected.

PROFIT

SILVER

December 9, 2020

Trade Opening Details

Sell May silver 1675/1875 put spread for .145

Trade Closing Details

Options expired worthless on April 27, 2021

Trade Result

Profit of $725*

Initial Span Margin Requirement

$1927

Trade Commentary

Options expired worthless and 100% of the premium was retained.

LOSS

CRUDE OIL

November 11, 2020

Trade Opening Details

Selling May crude oil 57.50 calls for .51

Trade Closing Details

The trade was covered on March 25 by going long 1 May crude futures at 59.36

Trade Result

Loss of $1350 ($1860 futures minus $510 collected)*

Initial Span Margin Requirement

$1096

Trade Commentary

As the market became bullish we covered on March 25th.

PROFIT

GOLD

November 18, 2020

Trade Opening Details

Sell April gold 1550 puts for 5.40.

Trade Closing Details

On March 25, 2021 options expired worthless.

Trade Result

Profit of $540*

Initial Span Margin Requirement

$3335

Trade Commentary

Options expired worthless and 100% of the premium was retained.

PROFIT

JAPANESE YEN

October 21, 2020

Trade Opening Details

Sell February Japanese Yen 101 calls for .42

Trade Closing Details

Options expired worthless on 2/5/21

Trade Result

Profit of $525*

Initial Span Margin Requirement

$2235

Trade Commentary

Options expired worthless and 100% of the premium was retained.

LOSS

WHEAT

October 1, 2020

Trade Opening Details

Sell March wheat 6.50 calls for 11

Trade Closing Details

Buy March wheat 6.50 calls for 21 3/8

Trade Result

Loss of $519*

Initial Span Margin Requirement

$696

Trade Commentary

Although we rolled the strike up to 7.10 and made money, this trade lost money.

PROFIT

HEATING OIL

September 3, 2020

Trade Opening Details

Sell November heating oil 1.00 puts for 1.35

Trade Closing Details

Options expired worthless on 10/27/20

Trade Result

Profit of $567*

Initial Span Margin Requirement

$2354

Trade Commentary

Options expired worthless and 100% of the premium was retained.

PROFIT

GOLD

August 25, 2020

Trade Opening Details

Sell December gold 1575 puts for .54

Trade Closing Details

Options expired worthless on 11/24/2020.

Trade Result

Profit of $540*

Initial Span Margin Requirement

$2400

Trade Commentary

Options expired worthless and 100% of the premium was retained.

PROFIT

AUSTRALIAN DOLLAR

August 3, 2020

Trade Opening Details

Sell December Australian Dollar 66.50 puts for .53

Trade Closing Details

Options expired worthless on 12/4/2020.

Trade Result

Profit of $530*

Initial Span Margin Requirement

$1048

Trade Commentary

Options expired worthless and 100% of the premium was retained.

PROFIT

COCOA

July 21, 2020

Trade Opening Details

Sell December cocoa 2000 puts for .50

Trade Closing Details

Closed options on 8/25/20 for .07

Trade Result

Profit of $430*

Initial Span Margin Requirement

$1160

Trade Commentary

No heat trade. In less than a third of the time we kept 86% of the premium.

PROFIT

EURO CURRENCY

July 14, 2020

Trade Opening Details

Sell November Euro Currency 109.50 put/Sell 119 call for credit of1025*

Trade Closing Details

Both options expired worthless on 11/6/2020

Trade Result

Profit of $1025*

Initial Span Margin Requirement

$904

Trade Commentary

Both options expired worthless and a 100% of the premium was retained.

PROFIT

GOLD

July 2, 2020

Trade Opening Details

Sell August 1720/1680 gold put spread for 5.4

Trade Closing Details

Closed options on 7/7/20 for 1.8

Trade Result

Profit of $360*

Initial Span Margin Requirement

$1600

Trade Commentary

The uptrend in gold is still intact. Gold broke back above 1800 today and is currently at 1807. We were able to close the trade after only 5 days at a good price. Stay tuned as we might enter a new gold trade soon if the market pulls back.

PROFIT

COPPER

June 19, 2020

Trade Opening Details

Sell September copper 3.00 calls for .215.

Trade Closing Details

Optioned expired worthless on 8/26/20

Trade Result

Profit of $537.50*

Initial Span Margin Requirement

$1560

Trade Commentary

All options expired worthless and 100% of the premium was retained.

PROFIT

JAPENESE YEN

June 8, 2020

Trade Opening Details

Sell December Japanese Yen 100.50 calls for .40

Trade Closing Details

Options expired worthless on 12/4/2020.

Trade Result

Profit of $500*

Initial Span Margin Requirement

$1518

Trade Commentary

Options expired worthless and 100% of the premium was retained.

PROFIT

COPPER

May 29, 2020

Trade Opening Details

Sell September copper 2.10 puts for .245

Trade Closing Details

Options expired worthless on 8/26/20.

Trade Result

Profit of $612.50*

Initial Span Margin Requirement

$1781

Trade Commentary

All options expired worthless and 100% of the premium was retained.

PROFIT

CORN

May 28, 2020

Trade Opening Details

Sell September corn 3.15 puts for 10 3/8

Trade Closing Details

Options expired worthless on 8/21/20

Trade Result

Profit of $518.75*

Initial Span Margin Requirement

$662

Trade Commentary

Options expired worthless and 100% of the premium was retained.

PROFIT

NATURAL GAS

May 12, 2020

Trade Opening Details

Sell August natural gas 1.60 put for .57

Trade Closing Details

Bought options back on 7/6/20 for .42

Trade Result

Profit of $150*

Initial Span Margin Requirement

$547

Trade Commentary

Despite the market dropping 14% we bought the option back for a 26% profit over 3 weeks before expiration.

PROFIT

GOLD

May 5, 2020

Trade Opening Details

Sell July gold 1500 put for .50

Trade Closing Details

Options expired worthless on June 25, 2020

Trade Result

Profit of $500*

Initial Span Margin Requirement

$3484

Trade Commentary

Options expired worthless and 100% of the premium was retained.

LOSS

EURO CURRENCY

March 3, 2020

Trade Opening Details

Sell September Euro Currency 118 calls for .42

Trade Closing Details

Bought options back on 3/10/20 for 1.24

Trade Result

Loss of $1025*

Initial Span Margin Requirement

$848

Trade Commentary

We cut our losses due to extreme volatility caused by COVID-19.

PROFIT

GOLD

February 19, 2020

Trade Opening Details

Buy 1 October Gold 15.10 put/sell 4 October 14.50 puts for 10.50

Trade Closing Details

All options expired worthless on 9/24/20

Trade Result

Profit of $1050*

Initial Span Margin Requirement

$4600

Trade Commentary

All options expired worthless and 100% of the premium was retained.

PROFIT

CRUDE OIL

February 13, 2020

Trade Opening Details

Buy 1 October crude oil 60 call for 1.55/sell 4 October crude oil 65 calls for .65

Trade Closing Details

All options expired worthless on 9/17/20

Trade Result

Profit of $1050*

Initial Span Margin Requirement

$2852

Trade Commentary

All options expired worthless and 100% of the premium was retained.

PROFIT

SILVER

February 6, 2020

Trade Opening Details

Sell July silver 22.75 calls for .10

Trade Closing Details

Options expired worthless on June 25, 2020

Trade Result

Profit of $500*

Initial Span Margin Requirement

$1510

Trade Commentary

Options expired worthless and 100% of the premium was retained.

PROFIT

COFFEE

February 5, 2020

Trade Opening Details

Sell July coffee 87.5 puts for 1.38

Trade Closing Details

Bought option back on March 10, 2020 for .38

Trade Result

Profit of $375*

Initial Span Margin Requirement

$2238

Trade Commentary

Bought the option back with over 3 months until expiration and retained 72% of the premium.

LOSS

CRUDE OIL

February 4, 2020

Trade Opening Details

Sell December Crude Oil 34 puts for .53.

Trade Closing Details

Bought back options on 3/13/20 for 3.75.

Trade Result

Loss of $3220*

Initial Span Margin Requirement

$670

Trade Commentary

Due to COVID-19 the premium exploded and we bought back the position.

LOSS

COPPER

January 24, 2020

Trade Opening Details

Sell June 2.45 Copper puts for 2.55

Trade Closing Details

Bought the options back 1/30/2020 for 6.80.

Trade Result

Loss of $1062.50*

Initial Span Margin Requirement

$1019

Trade Commentary

Broke support and therefore bought options back at a loss.

PROFIT

SILVER

December 30, 2019

Trade Opening Details

Sell September 14.75 silver puts for .101

Trade Closing Details

Options expired worthless on 8/26/20

Trade Result

Profit of $505*

Initial Span Margin Requirement

$1442

Trade Commentary

All options expired worthless and 100% of the premium was retained.

LOSS

S&P500

December 10, 2019

Trade Opening Details

Sell March 2750/2800 put credit spreads for 4.5

Trade Closing Details

Closed the spread on March 10, 2020 for 23

Trade Result

Loss of $4,625*

Initial Span Margin Requirement

$1,500

Trade Commentary

Bought the spread back on March 10, 2020 to cut our losses.

PROFIT

SILVER

December 3, 2019

Trade Opening Details

Buy 1 July $21 silver call for .265 = $1325. Sell 3 July $23 silver calls for .155 x 3 =$2325

Trade Closing Details

Options expired worthless on June 25, 2020

Trade Result

Profit of $1000*

Initial Span Margin Requirement

$2479

Trade Commentary

All options expired worthless and 100% of the premium was retained.

PROFIT

CRUDE OIL

November 14, 2019

Trade Opening Details

Sell May 70 crude oil calls for .51

Trade Closing Details

Options expired worthless on April 16, 2020

Trade Result

Profit of $510*

Initial Span Margin Requirement

$1244

Trade Commentary

Options expired worthless and 100% of the premium was retained.

PROFIT

ORANGE JUICE

October 30, 2019

Trade Opening Details

Sell January .95 Orange Juice puts for 3.35

Trade Closing Details

Options expired worthless on 12/20/19

Trade Result

Profit of $502.50*

Initial Span Margin Requirement

$1071

Trade Commentary

Options expired worthless and 100% of the premium was retained.

PROFIT

RBOB

October 21, 2019

Trade Opening Details

Sell January 127 RBOB puts for 1.38

Trade Closing Details

Bought options back on November 19th for .11

Trade Result

Profit of $532.80*

Initial Span Margin Requirement

$1657

Trade Commentary

Bought the options back on 11/19/19 and we retained 92% of the premium.

PROFIT

GOLD

October 7, 2019

Trade Opening Details

Buy 1 February Gold 1700 call for $1070. Sell 3 February Gold 1750 calls for 7.40 = $2220

Trade Closing Details

All options expired worthless on January 28, 2020

Trade Result

Profit of $1150*

Initial Span Margin Requirement

$2940

Trade Commentary

All options expired worthless and 100% of the premium was retained.

PROFIT

COFFEE

September 19, 2019

Trade Opening Details

Sell March 90 coffee puts for 1.84

Trade Closing Details

Options expired worthless on February 14, 2020.

Trade Result

Profit of 690*

Initial Span Margin Requirement

$1403

Trade Commentary

Options expired worthless and 100% of the premium was retained.

PROFIT

CRUDE OIL

September 12, 2019

Trade Opening Details

Sell February 39.50 Crude Oil puts for .50

Trade Closing Details

Options expired worthless on January 15, 2020

Trade Result

Profit of $500*

Initial Span Margin Requirement

$941

Trade Commentary

Options expired worthless and 100% of the premium was retained.

PROFIT

COTTON

August 21, 2019

Trade Opening Details

Selling December cotton 56 puts for 1.11

Trade Closing Details

On October 7th bought back December cotton 56 puts for .19

Trade Result

Profit of $460*

Initial Span Margin Requirement

$1199

Trade Commentary

We took profit with over a month until expiration.

PROFIT

SILVER

August 14, 2019

Trade Opening Details

Buy 1 December $21.00 Silver call for .192 = $960. Sell 4 December $23.00 Silver calls for .10 x 4 = $2,000

Trade Closing Details

Options expired worthless on November 25th.

Trade Result

Profit of $1040*

Initial Span Margin Requirement

$2967

Trade Commentary

Options expired worthless and 100% of the premium was retained.

PROFIT

LEAN HOGS

July 30, 2019

Trade Opening Details

Sell October 61 Lean Hog puts for 1.25

Trade Closing Details

Buy October 61 Lean Hog puts for .55

Trade Result

Profit of $280*

Initial Span Margin Requirement

$772

Trade Commentary

With only 8 days left the market has fallen too close to the strike price. We decided to exit the trade and retain 56% of the premium.

PROFIT

GOLD

July 18, 2019

Trade Opening Details

Sell February Gold 1290 puts for $520*

Trade Closing Details

Options expired worthless on January 28, 2020

Trade Result

Profit of $520*

Initial Span Margin Requirement

$1100

Trade Commentary

Options expired worthless and 100% of premium was retained.

PROFIT

COPPER

July 2, 2019

Trade Opening Details

Sell December 2.35 Copper puts for 2.35

Trade Closing Details

Options expired worthless on November 25th

Trade Result

Profit $587.50*

Initial Span Margin Requirement

$924

Trade Commentary

Options expired worthless and 100% of the premium was retained.

PROFIT

CRUDE OIL

June 24, 2019

Trade Opening Details

Sell December crude oil 40.00 puts for .50

Trade Closing Details

Options expired worthless on November 15th.

Trade Result

Profit of $500*

Initial Span Margin Requirement

$1107

Trade Commentary

All options expired worthless 100% of the premium was retained.

PROFIT

RBOB

June 20, 2019

Trade Opening Details

Sell September RBOB 1.40 puts for 1.55 . Sell September RBOB 2.15 calls for 1.32

Trade Closing Details

Both sides of the strangle expired worthless.

Trade Result

Profit of $1205*

Initial Span Margin Requirement

$1636

Trade Commentary

100% of premium was retained.

PROFIT

Japanese Yen

June 3, 2019

Trade Opening Details

Sell December 101.50 Japanese Yen calls for .43

Trade Closing Details

Options expired worthless on 12/6/19

Trade Result

Profit of $537*

Initial Span Margin Requirement

$836

Trade Commentary

Options expired worthless and 100% of the premium was retained.

PROFIT

British Pound

May 29, 2019

Trade Opening Details

Sell December 117 British Pound puts for .82

Trade Closing Details

Options expired worthless on 12/6/19

Trade Result

Profit of 512.50*

Initial Span Margin Requirement

$974

Trade Commentary

Options expired worthless and 100% of the premium was retained.

LOSS

S&P 500

May 21, 2019

Trade Opening Details

Sell July 2500/2600 put credit spreads for 5.3 points x $250 = $1325*

Trade Closing Details

On May 31 we closed 2/3 of the put spreads for an average price of 13.05 points. On June 12 we closed 1/3 of the put spreads at a price of 3.0 points. The average closing price for the trade was 9.7 points.

Trade Result

The market fell over 100 points in 10 days after we entered the trade. We closed 2/3 of the trade at a loss on May 31. The market then turned around and rallied more than 100 points over the next 10 days and we then closed 1/3 of the spreads at a small profit. Overall the average result of the trade was a loss of 4.4 points x $250 = $1,100* per spread.

Initial Span Margin Requirement

$4,500 per spread

Trade Commentary

Immediately after entering this neutral to bullish trade the market went the wrong way and fell as the trade war escalated. On May 31 we took a loss on 2 of the spreads. The market then rallied and we closed the remaining spread on June 12 for a small profit. Overall the trade was a loss due to the higher prices paid to close the spreads on May 31.

PROFIT

AUSTRALIAN DOLLAR

May 16, 2019

Trade Opening Details

Sell September Australian Dollar 67 puts for .52

Trade Closing Details

Options Expired Worthless on 9/6/19.

Trade Result

Profit of 520*

Initial Span Margin Requirement

$739

Trade Commentary

Options expired worthless and 100% of the premium was retained.

PROFIT

Canadian Dollar

April 10, 2019

Trade Opening Details

Sell December 72.50 Canadian Dollar puts for .50

Trade Closing Details

Bought December 72.50 Canadian Dollar puts for .005

Trade Result

Profit of $495*

Initial Span Margin Requirement

$509

Trade Commentary

Bought the options back over a month early and retained 99% of the premium.

PROFIT

S&P 500

April 9, 2019

Trade Opening Details

Sell 2 May S&P 500 2975/3000 call credit spreads for 3.3 x 2 =$1650* Sell 3 June S&P 500 2500/2600 put credit spreads for 4.9 x 3= $3675* Expiration date for calls is 5/17/19 and the puts expire 6/21/19

Trade Closing Details

On Friday, May 17 the 2 May 2975/3000 call spreads expired worthless as the S&P500 settled at 2862. On Tuesday May 21 we bought back the 3 June 2500/2600 put spreads for 2.6 points each.

Trade Result

The call spreads expired worthless for a full collection of $1,650*. We bought back the put spreads for a partial profit. Collected $3,675* and paid $1,950* to close for a profit of $1,725*. Total profit not including commission and fees = $1,650* + $1,725* = $3,375* out of a potential maximum profit of $5,325.

Initial Span Margin Requirement

$10,000

Trade Commentary

After we entered the trade on April 9 the S&P500 continued to rally though the rest of the month and reached a high point of 2961. At the beginning of May the market fell on renewed trade war issues, it reached a low point on May 14th of 2800. The call spreads expired worthless and we closed the put spreads at a profit 1 month before expiration.

PROFIT

GOLD

March 21, 2019

Trade Opening Details

Buy 1 August Gold 1400 call for $1060. Sell 4 August Gold 1450 calls for $520 each.

Trade Closing Details

Sold 1 August Gold 1400 call for $1800. Bought 4 August Gold 1450 calls for $300 each.

Trade Result

Profit of $1620*

Initial Span Margin Requirement

$2803

Trade Commentary

We exited the trade 2 weeks early. Best of both worlds, we made money on the way in and on the way out.

PROFIT

CRUDE OIL

February 20, 2019

Trade Opening Details

Sell July 45.00 Crude Oil puts for .55

Trade Closing Details

Options expired worthless on 6/17/19

Trade Result

Profit of $550*

Initial Span Margin Requirement

$1177

Trade Commentary

All options expired worthless and a 100% of the premium was retained.

PROFIT

SOYBEANS

February 11, 2019

Trade Opening Details

Sell November 8.40 Soybean puts for .10

Trade Closing Details

Buy November 8.40 Soybean puts for 9 3/8 .

Trade Result

Profit OF $31*

Initial Span Margin Requirement

$491

Trade Commentary

With Soybeans down $1.00 since we entered the trade and almost 2 months left we decided to exit the trade early.

PROFIT

BRITISH POUND

February 6, 2019

Trade Opening Details

Selling June British Pound 120.50 puts for .80

Trade Closing Details

Bought the options back on 5/30/2019 for .001

Trade Result

Profit of $493.75*

Initial Span Margin Requirement

$985

Trade Commentary

With over a week left until expiration and over a 98% profit we closed the trade early.

LOSS

COFFEE

January 14, 2019

Trade Opening Details

Selling July .95 Coffee puts for 1.72

Trade Closing Details

Bought the options back on 2/26/2019 for 3.21

Trade Result

Loss of $559*

Initial Span Margin Requirement

$804

Trade Commentary

Broke support and we bought back options at a loss.

PROFIT

JAPANESE YEN

January 3, 2019

Trade Opening Details

Sell June 104 Japanese Yen calls for .41

Trade Closing Details

Bought the options back on 5/20/2019 for .005

Trade Result

Profit of $505.75*

Initial Span Margin Requirement

$617

Trade Commentary

With 3 weeks left until expiration and a 99% profit we closed the trade.

*EXCLUDING COMMISSIONS AND FEES. COMMISSIONS VARY DEPENDING ON TYPE OF ACCOUNT, FREQUENCY OF TRADING AND ACCOUNT SIZE AND OTHER FACTORS. TRADING COMMODITY OPTIONS IS SPECULATIVE, INVOLVES RISK OF LOSS AND IS NOT SUITABLE FOR ALL INVESTORS. USE RISK CAPITAL ONLY. PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.

Trader’s Edge is a registered commodity brokerage firm located in Madison, NJ. Our in house professionals have an average of over 24 years of industry experience.

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