Friday, May 31, 2019

Platinum - Gold pair trade

Platinum Gold divergence is at All Time High, i. e. ~$518.  10X trade:

Exec Time Spread Side Qty Pos Effect Symbol Exp Strike Type Price Order Type
5/31/2019 13:43 SINGLE SELL -1 TO OPEN /GCQ19 1/100 AUG 19 /OGQ19 1310 CALL 18.6 LMT
5/31/2019 13:43 FUTURE BUY 1 TO OPEN /PLN19 19-Jul FUTURE 792.9 LMT
5/31/2019 13:43 FUTURE BUY 1 TO OPEN /PLN19 19-Jul FUTURE 792.9 LMT

Follow trades @tfo_medved 
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SPX Puts & Calls, 0 DTE (paper trade)

Paper trading SPX options is fun.  Not sure I can do that for real.

Exec Time Spread Side Qty Pos Effect Symbol Exp Strike Type Price Net Price Order Type
5/31/2019 13:48 SINGLE BUY 1 TO CLOSE SPX 31-May-19 2700 PUT 0.1 0.1 LMT
5/31/2019 13:36 SINGLE BUY 1 TO CLOSE SPX 31-May-19 2800 CALL 0.05 0.05 LMT
5/31/2019 10:45 SINGLE BUY 1 TO OPEN SPX 31-May-19 2655 PUT 0.05 0.05 LMT
5/31/2019 10:03 SINGLE SELL -1 TO OPEN SPX 31-May-19 2800 CALL 0.25 0.25 LMT
5/31/2019 10:03 SINGLE SELL -1 TO OPEN SPX 31-May-19 2700 PUT 0.35 0.35 LMT




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Wednesday, May 29, 2019

Anatomy of Crude Pain Trade

"Max pain"  or "pin"  is the strike price at which option holders would suffer maximum financial losses at expiration. A tendency to pin at expiration and how to calculate the 'pin" strike is described elsewhere. Let us consider 2-3 weeks before expiration. The current open interest describes price levels that are significant in terms of money redistribution between the option writers and the option holders. Therefore a strike with a large open interest is expected to show significant resistance. In other words, the current open interest exposes the ladder of future resistance levels.

For example, for the active WTI contract,/CLN19, on 5/29/19 14:37:31 option pin is @60.0. The figure shows other important put strikes (calls better be avoided for now because of the tension with Iran).

WTI futures options pin strikes

Based on the above information,  49.5 Put 20 days to expiration was sold.

Exec Time Spread Side Qty Pos Effect Symbol Exp Strike Type Price Net Price Order Type
5/29/2019 14:23 SINGLE SELL -1 TO OPEN /CLN19 1/1000 JUL 19 /LON19 49.5 PUT 0.12 0.12 LMT

2-3 weeks to expiration is necessary to grab enough extrinsic value while more than 3 weeks may be to early for setting the option game. In summary, pin force and theta decay are on my side. It is a paper trade for a test purpose.



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WTI naked puts; option pain trade (test).

I continue testing WTI option pain trade.

/CLN19 on 5/29/19 14:37:31 opt_pin@60.0 /CL@58.78

Exec Time Spread Side Qty Pos Effect Symbol Exp Strike Type Price Net Price Order Type
5/29/2019 14:23 SINGLE SELL -1 TO OPEN /CLN19 1/1000 JUL 19 /LON19 49.5 PUT 0.12 0.12 LMT
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Thursday, May 23, 2019

$300, flat silver-gold spread

I decided to take $300 & run. From the very begining, it was a difficult trade.

Exec Time Spread Side Qty Pos Effect Symbol Exp Strike Type Price Net Price Order Type
5/23/2019 11:31 SINGLE BUY 1 TO CLOSE /GCM19 1/100 JUN 19 /OGM19 1270 CALL 15.7 15.7 LMT
5/23/2019 11:30 FUTURE SELL -1 TO CLOSE /SIN19 19-Jul FUTURE 14.61 14.61 LMT
5/23/2019 11:30 FUTURE SELL -1 TO CLOSE /SIN19 19-Jul FUTURE 14.61 14.61 LMT
5/17/2019 14:40 SINGLE SELL -1 TO OPEN /GCM19 1/100 JUN 19 /OGM19 1270 CALL 9.9 9.9 LMT
5/17/2019 14:38 FUTURE BUY 1 TO CLOSE /GCM19 19-Jun FUTURE 1276 1276 LMT
5/16/2019 13:31 FUTURE SELL -2 TO CLOSE /GCM19 19-Jun FUTURE 1286.2 1286.2 LMT
5/16/2019 11:15 FUTURE BUY 1 TO OPEN /GCM19 19-Jun FUTURE 1287.1 1287.1 MKT
5/16/2019 11:15 FUTURE BUY 2 TO OPEN /SIN19 19-Jul FUTURE 14.61 14.61 LMT



Trading silver-gold spread in details: "anatomy of silver gold pair trade".
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Friday, May 17, 2019

Trade update: Silver-Gold spread

 /GC  leg is $1000 winner. I have changed short /GC into naked /GC call to add theta decay. 

The trade entry was posted here.
Trading silver-gold spread was described in details in "anatomy of silver gold pair trade".

Exec Time Spread Side Qty Pos Effect Symbol Exp Strike Type Price Order Type
5/17/2019 13:29 SINGLE SELL -1 TO OPEN /GCM19 1/100 JUN 19 /OGM19 1270 CALL 9.9 LMT
5/17/2019 13:19 FUTURE BUY 1 TO CLOSE /GCM19 19-Jun FUTURE 1275 LMT


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Thursday, May 16, 2019

Silver - Gold spread

fixed

Exec Time Spread Side Qty Pos Effect Symbol Exp Strike Type Price Net Price Order Type Spread
5/16/2019 13:31 FUTURE SELL -2 TO CLOSE /GCM19 19-Jun FUTURE 1286.2 1286.2 LMT 17480
5/16/2019 11:15 FUTURE BUY 1 TO OPEN /GCM19 19-Jun FUTURE 1287.1 1287.1 MKT
5/16/2019 11:15 FUTURE BUY 2 TO OPEN /SIN19 19-Jul FUTURE 14.61 14.61 LMT


Gold/Silver ratio is 88.   I am in 2/SI -/GC spread which in USD reads 10,000*/SI - 100*/GC.

Trading this pair was described in details in "anatomy of silver gold pair trade".

Exec Time Spread Side Qty Pos Effect Symbol Exp Strike Type Price Net Price Order Type Spread
5/16/2019 11:15 FUTURE BUY 1 TO OPEN /GCM19 19-Jun FUTURE 1287.1 1287.1 MKT 17390
5/16/2019 11:15 FUTURE BUY 2 TO OPEN /SIN19 19-Jul FUTURE 14.61 14.61 LMT
5/16/2019 11:00 FUTURE BUY 1 TO OPEN /ESM19 19-Jun FUTURE 2887.75 2887.75 MKT
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$350 profit, flat platinum gold #2

Earlier today platinum gold #2 was posted . Quick money is always welcome. trades r posted live  @ tfo_medved Exec Time Spread Si...