Gold, Oil & Indices (Equity & Bond Indices)

@asad...why are the comod stocks not running up higher look @s&p ..dow..tsx all higher but comod stocks not participating..any ideas why..im thinkn on adding more shorts on oil...thanks gl

Hi Nathan ,

Thanks for the explanations , now i got it .

Btw , do you work by IB (IBKR) ? I heard a lot of good stuff about they

Im not that much of an expert :)

Here s what ive been doing

When gold was 1120 i started selling m10 1350 calls and m10 1000 puts
gold rallied so i cashed in the 1000s , sold 1020s , then 1040s , from there on i started selling august 975s , gold started to retract , rolled the 1350s calls to 1325s, 1300s and so on

right now

im short q10 1000 puts and q10 1250 calls.

the point of this strategy is to try to remain delta neutral. hence not caring which direction it goes
the risk is that if gold drops 30 bucks in one day or goes up 30 dollars in one day i lose money on the short run....

not saying its the best strategy, i have still a lot of learn but it kind of works for me

Hey,

you are totaly right usually mid term is better.
that small position was just a little gamble on my portfolio. ive got other strangles on m10 and q10 lined up (not too much in directional trading)

As for premiums paid u mean brokerage fees or the actual premiums ?

I actually only play with options , hardly any futures, i like the 4 dimensional world, playing delta neutral and collecting theta and so on.

Hey Radu

sorry ill try to be more specific

bought 1 month ago the Gold j10 1085 put
sold the j10 1055 put (hence the put spread)

April options are expiring today so its definetly not a good trade (should have probably legged in mays)

That's about it :)