Traders Edge

Trade Alert

Open Trades

Opportunities in GOLD

DATE: July 18, 2019

Trade:

Sell February Gold 1290 puts for $520
$520*

Gross Credit for Trade: $520*

Span Margin Requirement: $1100

Expiration Date: January 28, 2020

Price of GOLD: $1438

Rationale:

With a strong economy and Middle East tensions accompanied by the expectation that the Fed will not be tightening rates, we feel Gold will be closer to 1500 then 1300 by years end.

Opportunities in CRUDE OIL

DATE: September 12, 2019

Trade:

Sell February 39.50 crude oil puts for .50
$500*

Gross Credit for Trade: $500*

Span Margin Requirement: $941

Expiration Date: January 15, 2020

Price of CRUDE OIL: $53.85

Rationale:

A continued strong economy should help crude oil stay above the $40 level.

Opportunities in COFFEE

DATE: September 19, 2019

Trade:

Sell March .90 coffee puts for 1.84
$690*

Gross Credit for Trade: $690*

Span Margin Requirement: $1403

Expiration Date: February 14, 2020

Price of COFFEE: $102.20

Rationale:

The March contract has never been below 97 cents. Massive technical support exists between .9735 and .9875. We are selling over-valued options on an oversold market.

Opportunities in GOLD

DATE: October 7, 2019

Trade:

Buy 1 February Gold 1700 call for $1070 Sell 3 February Gold 1750 calls for 7.40 x 3 = $2220
$1150*

Gross Credit for Trade: $1150*

Span Margin Requirement: $2940

Expiration Date: January 20, 2020

Price of GOLD: $1510

Rationale:

Volatility in the metals remains high, causing option premiums to be over-valued, so we want to be net sellers. By having the long call we increase our profit potential and decrease our margin.

Opportunities in RBOB (UNLEADED GAS)

DATE: October 21, 2019

Trade:

Sell January 127 RBOB puts for 1.38
$579*

Gross Credit for Trade: $579*

Span Margin Requirement: $1657

Expiration Date: December 26, 2019

Price of RBOB (UNLEADED GAS): $152.45

Rationale:

We believe the low in December 2018 of 127.;30 for January RBOB should hold. Worldwide truck and car ownership continues to grow.

Opportunities in ORANGE JUICE

DATE: October 30, 2019

Trade:

Sell January .95 Orange Juice puts for 3.35
$502.50*

Gross Credit for Trade: $502.50*

Span Margin Requirement: $1071

Expiration Date: December 20, 2019

Rationale:

We have not seen prices this low since October 2009. Rarely do we sell options this close to the money but it is a short term trade on a small contract.

Opportunities in CRUDE 0IL

DATE: November 14, 2019

Trade:

Sell May 70 crude oil calls for .51
$510*

Gross Credit for Trade: $510*

Span Margin Requirement: $1244

Expiration Date: April 16, 2020

Price of CRUDE 0IL: $56.48

Rationale:

Only for one week, in October of 2018, has the May contract been above $70 per barrel. We do not expect crude to rise almost 25% in the next 5 months.

Opportunities in SILVER

DATE: December 3, 2019

Trade:

Buy 1 July $21 silver call for .265 = $1325 Sell 3 July $23 silver calls for .155 x 3 = $2325
$1000*

Gross Credit for Trade: $1000*

Span Margin Requirement: $2479

Expiration Date: June 25, 2020

Price of SILVER: $17.40

Rationale:

Silver has not been above $23 since September of 2013. We don't believe Silver will rally by more than 38% in the next 6 plus months. Recent volatility enables us to capture over-valued premium.

Opportunities in S&P500

DATE: December 10, 2019

Trade:

Sell March 2750/2800 put credit spreads for 4.5 points
$1,125*

Gross Credit for Trade: $1,125*

Span Margin Requirement: $1,500

Expiration Date: March 20, 2020

Price of S&P500: $3139

Rationale:

The bull market is still alive and until further notice we will go with it. This spread is more than 10% out-of-the-money with 100 days until expiration.

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Closed Posted Trade Results

61
5 Losers
1 Mixed

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.

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

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.

PROFIT

CRUDE OIL

December 6, 2018

Trade Opening Details

Selling March Crude Oil 39.00 puts for .51

Trade Closing Details

Options expired worthless on February 14, 2019

Trade Result

Profit of $510*

Initial Span Margin Requirement

$1082

Trade Commentary

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

PROFIT

EURO CURRENCY

October 31, 2018

Trade Opening Details

Sell March 108 Euro Currency puts for .40

Trade Closing Details

Options expired worthless on March 8, 2019

Trade Result

Profit of 500*

Initial Span Margin Requirement

$980

Trade Commentary

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

PROFIT

AUSTRAILIAN DOLLAR

October 17, 2018

Trade Opening Details

Sell March 68 Australian Dollar puts for .53

Trade Closing Details

Options expired worthless on March 8, 2019.

Trade Result

Profit of $530*

Initial Span Margin Requirement

$570

Trade Commentary

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

PROFIT

SILVER

October 3, 2018

Trade Opening Details

Sell March 13.25 Silver puts for 12.3

Trade Closing Details

Options expired worthless on February 25, 2019.

Trade Result

Profit of $615*

Initial Span Margin Requirement

$1569

Trade Commentary

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

PROFIT

COPPER

September 5, 2018

Trade Opening Details

Sell November 240 Copper puts for 2 cents.

Trade Closing Details

Bought the options back on 10/2/18 for $25*

Trade Result

Profit of $475*

Initial Span Margin Requirement

$1553

Trade Commentary

With over 3 weeks left until expiration and a 95% profit we closed the trade.

PROFIT

COFFEE

August 20, 2018

Trade Opening Details

Sell December 92.5 Coffee puts for 1.41.

Trade Closing Details

Bought the options back on 10/8/18 for $41.25.

Trade Result

Profit of $486.75*

Initial Span Margin Requirement

$978

Trade Commentary

With over 30 days left until expiration we exited a month early and retained over 78% of the premium.

PROFIT

WHEAT

August 9, 2018

Trade Opening Details

Sell May 8.00 Wheat calls for 10.25

Trade Closing Details

Bought the options back on 10/31/18 for $50

Trade Result

Profit of $462.50*

Initial Span Margin Requirement

$636

Trade Commentary

With almost 6 months left until expiration we exited early and retained over 97% of the premium.

PROFIT

GOLD

June 25, 2018

Trade Opening Details

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.

Trade Closing Details

On March 26, 2019 options expired worthless.

Trade Result

Profit of $140*

Initial Span Margin Requirement

$1379

Trade Commentary

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

PROFIT

JAPANESE YEN

May 31, 2018

Trade Opening Details

Sell September 97.50 Japanese Yen calls for .42

Trade Closing Details

Bought the option back on 8/1/18 for 2 ticks = $25.00*

Trade Result

Profit of $500*

Initial Span Margin Requirement

$839

Trade Commentary

As expected the Japanese Yen declined allowing us to exit over a month early with almost all of the premium.

PROFIT

S&P500

May 9, 2018

Trade Opening Details

Sold a August 2860/2900 call spread Sold a August 2300/2400 put spread Collected 10.6 points - $2,650*

Trade Closing Details

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*.

Trade Result

Profit of $1,300*

Initial Span Margin Requirement

3,500

Trade Commentary

We were able to buy back the Iron Condor at a profit a month and a half prior to expiration.

PROFIT

CRUDE 0IL

May 7, 2018

Trade Opening Details

Sell November 85.00 Crude Oil calls for .50

Trade Closing Details

Options expired worthless on October 17, 2018

Trade Result

Profit of $500*

Initial Span Margin Requirement

$440

Trade Commentary

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

MIXED

SUGAR

April 25, 2018

Trade Opening Details

Buy 5 October .12 Sugar calls for .45 cents.

Trade Closing Details

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.

Trade Result

Lost an average of $64.96 per option.

Trade Commentary

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

AUSTRALIAN DOLLAR

April 4, 2018

Trade Opening Details

Sell September 73 Australian Dollar puts for $520*

Trade Closing Details

Bought the options back on 7/31/18 for $310*

Trade Result

Profit of $210*

Initial Span Margin Requirement

$591

Trade Commentary

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

CORN

March 26, 2018

Trade Opening Details

Sell September 3.70 Corn puts for 13 3/8 cents.

Trade Closing Details

On June 15, 2018 bought September 3.70 Corn puts for 15 7/8.

Trade Result

Loss of $125*

Initial Span Margin Requirement

$316

Trade Commentary

A declining market and fear of tariffs influenced us to take a small loss.

LOSS

LEAN HOGS

March 8, 2018

Trade Opening Details

Sell August 72.00 Lean Hog puts for 1.65 $660*

Trade Closing Details

Bought the Lean Hog put option back for 3.75 on April 3, 2018.

Trade Result

Loss of $840*

Initial Span Margin Requirement

$405

Trade Commentary

Lean Hogs under pressure due to the Chinese trade tariffs. High slaughter numbers due to high grain prices.

PROFIT

COFFEE*

February 21, 2018

Trade Opening Details

Sell July 112.50 Coffee puts for 1.85.

Trade Closing Details

Option expired worthless on June 8, 2018.

Trade Result

Profit of 693.75*

Initial Span Margin Requirement

$1,027

Trade Commentary

Option expired worthless. 100% of the premium retained.

PROFIT

CRUDE OIL*

January 22, 2018

Trade Opening Details

Sell May 69 Crude Oil calls for .54

Trade Closing Details

Bought May 69 Crude Oil call for .05

Trade Result

Profit of 490*

Initial Span Margin Requirement

$827

Trade Commentary

With tensions mounting in Syria we decided to take our profits a week before option expiration.

PROFIT

NATURAL GAS*

January 2, 2018

Trade Opening Details

Sell a March 4.00 Natural Gas call for $580*

Trade Closing Details

Expired worthless on February 23, 2018

Trade Result

Profit of $580*

Trade Commentary

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

PROFIT

JAPANESE YEN*

December 26, 2017

Trade Opening Details

Sell March Japanese Yen .87 put for .0042 for $525*

Trade Closing Details

Options expired worthless on March 9, 2018

Trade Result

Profit of $525*

Initial Span Margin Requirement

$1,483

Trade Commentary

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

PROFIT

SILVER

November 20, 2017

Trade Opening Details

Sell July Silver 14.00 put for 0.111

Trade Closing Details

Bought July 14.00 put for .09 on April 18, 2018.

Trade Result

Profit of $510*

Initial Span Margin Requirement

$1422

Trade Commentary

With over 2 months left and over 90% profit we closed the trade.

PROFIT

EURO CURRENCY*

November 15, 2017

Trade Opening Details

Sell June 129 Euro Currency calls for .0040

Trade Closing Details

Option expired worthless on June 8, 2018.

Trade Result

Profit of $500*

Initial Span Margin Requirement

$970

Trade Commentary

Option expired worthless. Retained 100% of the premium.

PROFIT

COTTON*

October 12, 2017

Trade Opening Details

Sell a March 63 Cotton put for .0107

Trade Closing Details

Bought the put back for $95 on November 22, 2017

Trade Result

Profit of $440*

Trade Commentary

With only 35% of the time gone we were able to retain 83% of the premium and lock in another profit.

PROFIT

NATURAL GAS*

October 4, 2017

Trade Opening Details

Sell a March 2.50 Natural Gas put for $530*

Trade Closing Details

Expired worthless February 23, 2018

Trade Result

Profit of $530*

Trade Commentary

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

PROFIT

LEAN HOGS*

August 23, 2017

Trade Opening Details

Sell a December 52 Lean Hog put for 1.475

Trade Closing Details

Bought back the put for $40 on 10/31/17*

Trade Result

Profit of $550*

Trade Commentary

With less than 2/3 of the time gone we were able to retain over 93% of the premium.

PROFIT

EURO CURRENCY*

August 2, 2017

Trade Opening Details

Sell a December Euro Currency 113 put for 500* Sell a December Euro Currency 126 call for 500*

Trade Closing Details

Both options expired worthless*

Trade Result

Profit of a $1000*

Trade Commentary

Both options expired worthless. 100% of premium was retained.

PROFIT

COFFEE*

June 7, 2017

Trade Opening Details

Sell a December Coffee 112.5 put for $615*

Trade Closing Details

Bought the put back for $48.75 on October 9, 2017

Trade Result

Profit of $566.25*

Trade Commentary

Despite Coffee trending lower, we were able to retain almost 80% of the premium and exit a month early.

PROFIT

Canadian Dollar*

May 11, 2017

Trade Opening Details

Sell a December Canadian Dollar $70.00 put for $570*

Trade Closing Details

Bought the put back for $70 on 7/10/17

Trade Result

Profit of $500*

Trade Commentary

With less than 30% of the time gone we retained over 87% of the premium.

PROFIT

Euro Currency*

May 2, 2017

Trade Opening Details

Sell a September 104 Euro Currency put for $537.50*

Trade Closing Details

Bought the put back for $75 on 6/12/2017

Trade Result

Profit of $462.50*

Trade Commentary

With only 33% of the time gone we retained over 86% of the premium.

PROFIT

S & P 500*

April 17, 2017

Trade Opening Details

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

Trade Closing Details

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*

Trade Result

Profit of $350*

Trade Commentary

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

SILVER*

April 5, 2017

Trade Opening Details

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

Trade Closing Details

All options expired worthless.*

Trade Result

Profit of $1,045*

Trade Commentary

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

PROFIT

SOYBEANS*

February 13, 2017

Trade Opening Details

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*

Trade Closing Details

All options expired worthless*

Trade Result

Profit of $200*

Trade Commentary

All options expired worthless.

PROFIT

JAPANESE YEN*

January 31, 2017

Trade Opening Details

Sell a September Japanese Yen 105.50 call for $550*

Trade Closing Details

Bought the call back for $31.25 on 5/15/17

Trade Result

Profit of $518.75*

Trade Commentary

Downward movement in price and volatility allowed us to take profits 3 months early.

PROFIT

Canadian Dollar*

January 11, 2017

Trade Opening Details

Sell a June Canadian Dollar $71.50 put for $510*

Trade Closing Details

Expired Worthless on June 9, 2017

Trade Result

Profit of $510*

Trade Commentary

Canadian Dollar was never below $72.50

PROFIT

CRUDE OIL*

January 4, 2017

Trade Opening Details

Sold a May 65.00 call for $550*

Trade Closing Details

Bought the call back for $10 on 3/30/17.

Trade Result

Profit of $540*

Trade Commentary

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

GOLD*

September 26, 2016

Trade Opening Details

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

Trade Closing Details

The trade expired worthless on 7/26/17

Trade Result

Profit of $2340*

Trade Commentary

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

PROFIT

SILVER*

September 12, 2016

Trade Opening Details

Ratio Write: Buy 1 January 17.00 put Sell 4 January 16.00 puts for a credit of $1,015*

Trade Closing Details

Silver closed right at the short strike price of $16.00*

Trade Result

Profit of $6,015*

Trade Commentary

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

COPPER*

August 3, 2016

Trade Opening Details

Sold December 190 put for .0215 Collected $537*

Trade Closing Details

Option expired worthless on 11/22/16*

Trade Result

Profit of $537*

Trade Commentary

As expected copper remained above 200.

PROFIT

SILVER*

June 29, 2016

Trade Opening Details

Ratio Write: Buy 1 September 20.50 call Sell 4 September 22.00 calls for a credit of $1,100*

Trade Closing Details

All options expired worthless on 8/25/16*

Trade Result

A profit of $1,100*

Trade Commentary

Silver never traded above 21.06 during the trade.

PROFIT

EURO CURRENCY*

June 8, 2016

Trade Opening Details

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*

Trade Closing Details

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.*

Trade Result

Total profit of $2,487.50*

Trade Commentary

Made an extra $375 on top of the original $2,112.50 credit.

PROFIT

BRITISH POUND*

May 16, 2016

Trade Opening Details

Ratio Write: Buy 1 July 141 put Sell 4 July 133 puts for a credit of $1,344*

Trade Closing Details

Closed the trade on 5/24/16*

Trade Result

Profit of $1,094*

Trade Commentary

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

OIL*

March 29, 2016

Trade Opening Details

Sold 2 November 26 puts for $1,060*

Trade Closing Details

Bought back the puts on 5/6/16 for $360.*

Trade Result

Profit of $700*

Trade Commentary

Not even two months into the trade and with 5 months remaining the options were bought back.

PROFIT

CRUDE OIL*

January 12, 2016

Trade Opening Details

Sold 4 June 23 puts for $3,296*

Trade Closing Details

The trade expired worthless on 5/17/16*

Trade Result

Profit of $3,296.*

Trade Commentary

The trade worked well from inception and was a total retention of premium.

PROFIT

SOYBEANS*

November 13, 2015

Trade Opening Details

Sold May 8.40 put / Bought May 7.80 put Collected $850*

Trade Closing Details

Bought back the spread on 3/4/16 for $175 Paid $175*

Trade Result

Profit of $675*

Trade Commentary

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

EURO CURRENCY*

September 25, 2015

Trade Opening Details

Sold December euro 1.08/1.15 strangle for $2,125*

Trade Closing Details

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*

Trade Result

Profit of $1705*

Trade Commentary

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

S & P*

September 17, 2015

Trade Opening Details

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*

Trade Closing Details

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*

Trade Result

Profit of $2,175*

Trade Commentary

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

SILVER*

September 4, 2015

Trade Opening Details

Ratio write Buy 1 March 13.25 put and sell 4 March 12.25 puts for $1,000 credit*

Trade Closing Details

On 2/24/16 all options expired worthless.*

Trade Result

Profit of $1,000*

Trade Commentary

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

Gold*

July 22, 2015

Trade Opening Details

Sold 4 December 900 puts for $2,580*

Trade Closing Details

Expired worthless on 11/24/15.*

Trade Result

Profit of $2,580*

Trade Commentary

Gold never got within $100 of the strike price.

LOSS

Canadian Dollar*

June 30, 2015

Trade Opening Details

Sold 3 December 76 puts for $1,680*

Trade Closing Details

Option contract expired on 12/4/15 at 74.75*

Trade Result

Loss of $2,070*

Trade Commentary

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.

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