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Trade Alert
DATE: February 11, 2019
Gross Credit for Trade: $500*
Span Margin Requirement: $491
Expiration Date: October 25, 2019
Price of SOYBEANS: $9.54
We expect the contract lows of 8.64 to hold. No surprise occurred out of the monthly grain report. A potential return on margin of over a 100% is exciting.
DATE: February 20, 2019
Gross Credit for Trade: $550*
Span Margin Requirement: $1177
Expiration Date: June 17, 2019
Price of CRUDE OIL: $57.50
In our opinion, crude oil puts are over-valued. We do not expect crude oil to drop 20% from the current levels.
DATE: March 21, 2019
Gross Credit for Trade: $1020*
Span Margin Requirement: $2803
Expiration Date: July 25, 2019
Price of GOLD: $1324
Gold has not traded above $1450 since May of 2013. Any level below $1466.50 at expiration the trade will be profitable.
DATE: April 10, 2019
Gross Credit for Trade: $500*
Span Margin Requirement: $509
Expiration Date: December 6, 2019
Price of CANADIAN DOLLAR: $75.20
The Canadian dollar is very dependent on the price of crude oil. They are positively correlated. The last time crude oil was below $35 the Canadian broke below 72.50. Prior to that it hasn't been below 72.50 since 2004. Crude is rallying and currently over $64.
DATE: May 16, 2019
Gross Credit for Trade: $520*
Span Margin Requirement: $739
Expiration Date: September 6, 2019
Price of AUSTRALIAN DOLLAR: $69.30
In the last 16 years only during the financial crisis of 2008 did the Australian Dollar trade below 67.
DATE: May 29, 2019
Gross Credit for Trade: $512.50*
Span Margin Requirement: $974
Expiration Date: December 6, 2019
Price of BRITISH POUND: $127.35
The British Pound has not traded below 120 since March of 1985. The negative news regarding Brexit and it's political handling have caused the currency to fall to the 126 level. We don’t expect the British Pound to trade below 120, let alone 117. Take advantage of this low margin opportunity.
DATE: June 3, 2019
Gross Credit for Trade: $537*
Span Margin Requirement: $836
Expiration Date: December 6, 2019
Price of JAPANESE YEN: $93.59
Japanese Yen calls are over-valued. We feel the economic stability of Japan does not warrant the Bank of Japan raising rates enough to bring their currency over par.
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The following are the option trades posted and placed by Trader’s Edge to those who expressed an interest. It contains naked, ratio and credit spread strategies. These trades do not include commissions and fees.
We are compiling a VIP list for those who wish to receive future notices at least 2 hours prior to a general release. If you have an interest call us at 800-972-3343 or contact us using the form above.
LOSS
May 21, 2019
Sell July 2500/2600 put credit spreads for 5.3 points x $250 = $1325*
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.
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.
$4,500 per spread
Immediately after enteri8ing 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
April 9, 2019
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
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.
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.
$10,000
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
February 6, 2019
Selling June British Pound 120.50 puts for .80
Bought the options back on 5/30/2019 for .001
Profit of $493.75
$985
With over a week left until expiration and over a 98% profit we closed the trade early.
LOSS
January 14, 2019
Selling July .95 Coffee puts for 1.72
Bought the options back on 2/26/2019 for 3.21
Loss of $559*
$804
Broke support and we bought back options at a loss.
PROFIT
January 3, 2019
Sell June 104 Japanese Yen calls for .41
Bought the options back on 5/20/2019 for .005
Profit of $505.75*
$617
With 3 weeks left until expiration and a 99% profit we closed the trade.
PROFIT
December 6, 2018
Selling March Crude Oil 39.00 puts for .51
Options expired worthless on February 14, 2019
Profit of $510*
$1082
Options expired worthless and a 100% of the premium was retained.
PROFIT
October 31, 2018
Sell March 108 Euro Currency puts for .40
Options expired worthless on March 8, 2019
Profit of 500*
$980
Options expired worthless and a 100% of the premium was retained.
PROFIT
October 17, 2018
Sell March 68 Australian Dollar puts for .53
Options expired worthless on March 8, 2019.
Profit of $530*
$570
Options expired worthless and a 100% of the premium was retained.
PROFIT
October 3, 2018
Sell March 13.25 Silver puts for 12.3
Options expired worthless on February 25, 2019.
Profit of $615*
$1569
Options expired worthless and a 100% of premium was retained.
PROFIT
September 5, 2018
Sell November 240 Copper puts for 2 cents.
Bought the options back on 10/2/18 for $25*
Profit of $475*
$1553
With over 3 weeks left until expiration and a 95% profit we closed the trade.
PROFIT
August 20, 2018
Sell December 92.5 Coffee puts for 1.41.
Bought the options back on 10/8/18 for $41.25.
Profit of $486.75*
$978
With over 30 days left until expiration we exited a month early and retained over 78% of the premium.
PROFIT
August 9, 2018
Sell May 8.00 Wheat calls for 10.25
Bought the options back on 10/31/18 for $50
Profit of $462.50*
$636
With almost 6 months left until expiration we exited early and retained over 97% of the premium.
PROFIT
June 25, 2018
Sell 2 April Gold 1150 puts for $540 each. Buy 1 April Gold 1400 call for $1,670. Sell 1 April Gold 1500 call for $730.
On March 26, 2019 options expired worthless.
Profit of $140*
$1379
Options expired worthless and 100% of the premium was retained.
PROFIT
May 31, 2018
Sell September 97.50 Japanese Yen calls for .42
Bought the option back on 8/1/18 for 2 ticks = $25.00*
Profit of $500*
$839
As expected the Japanese Yen declined allowing us to exit over a month early with almost all of the premium.
PROFIT
May 9, 2018
Sold a August 2860/2900 call spread Sold a August 2300/2400 put spread Collected 10.6 points - $2,650*
Trade Adjustments: May 21, 2018 - Moved the short 2400 put up to 2460, Collected 3 points or $750* June 12, 2018 - Moved the long 2900 call down to 2885. Paid 2.90 points or $725* Closed all remaining positions for 5.5 points or $1,375*.
Profit of $1,300*
3,500
We were able to buy back the Iron Condor at a profit a month and a half prior to expiration.
PROFIT
May 7, 2018
Sell November 85.00 Crude Oil calls for .50
Options expired worthless on October 17, 2018
Profit of $500*
$440
Options expired worthless and a 100% of the premium was retained.
MIXED
April 25, 2018
Buy 5 October .12 Sugar calls for .45 cents.
On May 22, 2018 sold 2 of the October .12 Sugar calls for .98. On September 17, 2018 the remaining 3 October .12 Sugar calls expired worthless.
Lost an average of $64.96 per option.
Paid $2520 for the 5 October Sugar calls. Sold 2 of the October Sugar calls for $2195 to cover over 80% of the cost and let the remaining run until expiration.
PROFIT
April 4, 2018
Sell September 73 Australian Dollar puts for $520*
Bought the options back on 7/31/18 for $310*
Profit of $210*
$591
Despite the market dropping 270 points we were able to exit a month early with over 35% return on equity. This exemplifies the beauty of option writing. Economic weakness in China (Australia's biggest trade partner) motivated us to exit.
LOSS
March 26, 2018
Sell September 3.70 Corn puts for 13 3/8 cents.
On June 15, 2018 bought September 3.70 Corn puts for 15 7/8.
Loss of $125*
$316
A declining market and fear of tariffs influenced us to take a small loss.
LOSS
March 8, 2018
Sell August 72.00 Lean Hog puts for 1.65 $660*
Bought the Lean Hog put option back for 3.75 on April 3, 2018.
Loss of $840*
$405
Lean Hogs under pressure due to the Chinese trade tariffs. High slaughter numbers due to high grain prices.
PROFIT
February 21, 2018
Sell July 112.50 Coffee puts for 1.85.
Option expired worthless on June 8, 2018.
Profit of 693.75*
$1,027
Option expired worthless. 100% of the premium retained.
PROFIT
January 22, 2018
Sell May 69 Crude Oil calls for .54
Bought May 69 Crude Oil call for .05
Profit of 490*
$827
With tensions mounting in Syria we decided to take our profits a week before option expiration.
PROFIT
January 2, 2018
Sell a March 4.00 Natural Gas call for $580*
Expired worthless on February 23, 2018
Profit of $580*
Option expired worthless and 100% of the premium was retained.
PROFIT
December 26, 2017
Sell March Japanese Yen .87 put for .0042 for $525*
Options expired worthless on March 9, 2018
Profit of $525*
$1,483
All options expired worthless and 100 % of the premium was retained.
PROFIT
November 20, 2017
Sell July Silver 14.00 put for 0.111
Bought July 14.00 put for .09 on April 18, 2018.
Profit of $510*
$1422
With over 2 months left and over 90% profit we closed the trade.
PROFIT
November 15, 2017
Sell June 129 Euro Currency calls for .0040
Option expired worthless on June 8, 2018.
Profit of $500*
$970
Option expired worthless. Retained 100% of the premium.
PROFIT
October 12, 2017
Sell a March 63 Cotton put for .0107
Bought the put back for $95 on November 22, 2017
Profit of $440*
With only 35% of the time gone we were able to retain 83% of the premium and lock in another profit.
PROFIT
October 4, 2017
Sell a March 2.50 Natural Gas put for $530*
Expired worthless February 23, 2018
Profit of $530*
Option expired worthless and 100% of the premium was retained.
PROFIT
August 23, 2017
Sell a December 52 Lean Hog put for 1.475
Bought back the put for $40 on 10/31/17*
Profit of $550*
With less than 2/3 of the time gone we were able to retain over 93% of the premium.
PROFIT
August 2, 2017
Sell a December Euro Currency 113 put for 500* Sell a December Euro Currency 126 call for 500*
Both options expired worthless*
Profit of a $1000*
Both options expired worthless. 100% of premium was retained.
PROFIT
June 7, 2017
Sell a December Coffee 112.5 put for $615*
Bought the put back for $48.75 on October 9, 2017
Profit of $566.25*
Despite Coffee trending lower, we were able to retain almost 80% of the premium and exit a month early.
PROFIT
May 11, 2017
Sell a December Canadian Dollar $70.00 put for $570*
Bought the put back for $70 on 7/10/17
Profit of $500*
With less than 30% of the time gone we retained over 87% of the premium.
PROFIT
May 2, 2017
Sell a September 104 Euro Currency put for $537.50*
Bought the put back for $75 on 6/12/2017
Profit of $462.50*
With only 33% of the time gone we retained over 86% of the premium.
PROFIT
April 17, 2017
Sell 2 June 21.75 S&P 500 puts for 13.85 x 2 + $6,925 Buy 2 June 21.25 S & P puts for 10.00 x 2 = $5,000 Buy a June 23.00 S & P 500 put for 36.60 x 1 = $9,150 Sell a June 22.75 S & P put for 30.00 x 1 = $7,500
On April 28: Bought 2 June 2175 puts for 3.5 x 2 = $1,750 Sold 2 June 2125 puts for 2.5 x 2 = $1,250 Bought 1 June 2275 put for 9 = $2,250 Sold 1 June 2300 put for 11.3 = $2,825 Credit at closing $75*
Profit of $350*
We collected a small credit when we opened the trade and the market immediately rallied. We were then able to collect a small credit when we closed the trade 11 days after it was opened.
PROFIT
April 5, 2017
Buy 1 December Silver $23.50 call for .241 x 5000 oz. = $1,205 Sell 3 December Silver $25.00 calls for .15 x 5000 oz. = $2,250
All options expired worthless.*
Profit of $1,045*
All options expired worthless. 100% of the premium was retained.
PROFIT
February 13, 2017
Sell 4 November 8.60 Soybeans puts for .10375 x 5000 bushels x 4 = $2,075 Sell 2 November 12.00 Soybean calls for .21 x 5000 bushels x 2 = $2,100 Buy 2 November 11.00 Soybean calls for .3975 x 5000 bushels x 2 = $3,975*
All options expired worthless*
Profit of $200*
All options expired worthless.
PROFIT
January 31, 2017
Sell a September Japanese Yen 105.50 call for $550*
Bought the call back for $31.25 on 5/15/17
Profit of $518.75*
Downward movement in price and volatility allowed us to take profits 3 months early.
PROFIT
January 11, 2017
Sell a June Canadian Dollar $71.50 put for $510*
Expired Worthless on June 9, 2017
Profit of $510*
Canadian Dollar was never below $72.50
PROFIT
January 4, 2017
Sold a May 65.00 call for $550*
Bought the call back for $10 on 3/30/17.
Profit of $540*
At the inception of the trade the price of oil was over $55. The current price of oil is $50.33. We decided to close the trade 18 days early for the small cost of $10.
PROFIT
September 26, 2016
Buy 1 August Gold 1650 call for 17.8 x 100 oz = $1780 Sell 4 August Gold 1850 calls for 7.6 x 100 oz = $3040 Buy 1 August Gold 1115 put for 9.6 x 100 oz = $960 Sell 4 August Gold 1055 puts for 5.1 x 100 oz = $2040
The trade expired worthless on 7/26/17
Profit of $2340*
All options expired worthless and we retained 100% of the premium.
PROFIT
September 12, 2016
Ratio Write: Buy 1 January 17.00 put Sell 4 January 16.00 puts for a credit of $1,015*
Silver closed right at the short strike price of $16.00*
Profit of $6,015*
A total Grand Slam. The $17.00 put we owned was worth an additional $5,000 and the short put options expired worthless. We made $1,015 on the way in and $5,000 on the way out.
PROFIT
August 3, 2016
Sold December 190 put for .0215 Collected $537*
Option expired worthless on 11/22/16*
Profit of $537*
As expected copper remained above 200.
PROFIT
June 29, 2016
Ratio Write: Buy 1 September 20.50 call Sell 4 September 22.00 calls for a credit of $1,100*
All options expired worthless on 8/25/16*
A profit of $1,100*
Silver never traded above 21.06 during the trade.
PROFIT
June 8, 2016
Ratio Write Strangle: Buy 1 December 118.5 call Sell 4 December 122.5 calls Buy 1 December 110 put Sell 4 December 105 puts for a credit of $2,112.50*
On 10/11/16 we closed the put side for an extra $400 credit on top of the original $1,100 credit. On 10/13/16 closed the call side for a $25 debit.*
Total profit of $2,487.50*
Made an extra $375 on top of the original $2,112.50 credit.
PROFIT
May 16, 2016
Ratio Write: Buy 1 July 141 put Sell 4 July 133 puts for a credit of $1,344*
Closed the trade on 5/24/16*
Profit of $1,094*
We entered this trade on May 16th with the plan of closing it on June 22nd prior to the British vote on exiting the EU. Instead, we took our profit and exited earlier.
PROFIT
March 29, 2016
Sold 2 November 26 puts for $1,060*
Bought back the puts on 5/6/16 for $360.*
Profit of $700*
Not even two months into the trade and with 5 months remaining the options were bought back.
PROFIT
January 12, 2016
Sold 4 June 23 puts for $3,296*
The trade expired worthless on 5/17/16*
Profit of $3,296.*
The trade worked well from inception and was a total retention of premium.
PROFIT
November 13, 2015
Sold May 8.40 put / Bought May 7.80 put Collected $850*
Bought back the spread on 3/4/16 for $175 Paid $175*
Profit of $675*
As noted at the trade's inception is was a contrarian trade in which we were looking for the market, which had been near contract lows, to reverse the trend and head higher. Eventually this occurred and we were able to close the trade a month and a half before it expired, retaining most of the profit potential.
PROFIT
September 25, 2015
Sold December euro 1.08/1.15 strangle for $2,125*
Bought back the 1.08 put on 10/14/15 for $160 Bought back the 1.15 call on 10/26/15 for $260 Paid $420*
Profit of $1705*
The idea behind this strangle was that the Euro would stay in a trading range. The Euro rallied for a few weeks and we bought back the put, when the market turned around we bought back the calls. Both sides of the trade were closed at a profit and were closed long before the expiration date.
PROFIT
September 17, 2015
Sold 2 November 2120 calls/Bought 2 2150 calls, Collected 3.10 Sold 3 November 1780 puts/Bought 3 1740 puts. Collected 3.60 Collect $4,250*
Bought back call spreads on 9/24/15 for 1.0 Paid $500 Bought back put spreads on 10/9/15 for 2.1 Paid $1,575*
Profit of $2,175*
As noted at the trade inception this was a fairly neutral strategy designed to capture premium on both sides of the market after the volatility had increased in the previous weeks. A week after we entered the trade the market had fallen and we were able to take profit on the call. Due to the volatile market it made sense to close the trade well before the expiration date at advantageous times.
PROFIT
September 4, 2015
Ratio write Buy 1 March 13.25 put and sell 4 March 12.25 puts for $1,000 credit*
On 2/24/16 all options expired worthless.*
Profit of $1,000*
The ratio requires less margin than just selling the same amount of naked options. However, the big "score" results when at option expiration the market is between the long and short positions.
PROFIT
July 22, 2015
Sold 4 December 900 puts for $2,580*
Expired worthless on 11/24/15.*
Profit of $2,580*
Gold never got within $100 of the strike price.
LOSS
June 30, 2015
Sold 3 December 76 puts for $1,680*
Option contract expired on 12/4/15 at 74.75*
Loss of $2,070*
During the life of the trade, calls were written and futures were employed for a much better result.
*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.
