Closing = BOT +3 IRON CONDOR /ZWH8 1/50 JAN 18 /OZWF8 460/470/420/410 CALL/PUT @2.125 Debit

[Trade Remarks] Exiting the wheat iron condors for the January cycle at just shy of 40% of maximum profit. After commissions (which are high on these iron condor trades), the return was 26% in 22 days.  

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Opening = SOLD -2 /NGH8 1/10000 MAR 18 (Financial) /LNEH8 5.25 CALL @.021 Credit

[Trade Remarks] With today’s rally in natural gas we are selling some short calls. Short term, I am bearish on natural gas prices. IV Percentile = 65.08% IV = 47.26% Current Price = 3.077 Probability of Profit = 99.23% Margin Required = $660.00 Days to Expiration = 87

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Weekend Portfolio Analysis (November 26, 2017)

Market Analysis Stocks rose in the holiday-shortened week of light trading, breaking a two-week stretch of lower markets and setting new record highs for the S&P 500 and Nasdaq Composite. There was only a slight retracement on Wednesday when the S&P 500 dropped a couple of points as the minutes from the recent Federal Open Market…

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Opening = SOLD -1 STRANGLE /CLH8 1/1000 MAR 18 /LOH8 70/44 CALL/PUT @.26 Credit

[Trade Remarks] Opening a new strangle in crude oil for the March expiration cycle. IV is very low, so we are keeping position size small. IV Percentile = 5.95% IV = 25.09% Current Price = 56.85 Probability of Profit = 94.49% Margin Required = $720.00 Days to Expiration = 85

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BOT +3 VERTICAL /ZWZ7 1/50 DEC 17 /OZWZ7 425/415 PUT @2.75 Debit

[Trade Remarks] With today’s small rally in wheat prices, we are exited the put side of our December trade that expires this week. Essentially we are taking small loss on this side of the trade which will be offset by the calls that will expire worthless on Friday. The trade will end up being a…

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