Subject: February 19, 2016 Trade Alert - Black Gold Portfolio
February 19, 2016 Trade Alert - Black Gold Portfolio
February 19th, 2016 at 11:17 am EDTFebruary 19, 2016 Trade Alert - Black Gold Portfolio We have two uncovered long calls we can sell against to pick up some premium: STO 2 USO Feb4-16 8.5 calls (USO160226C8.5) for $.26 Be prepared to change this price limit by $.02 or more in ...
February 17, 2016 Trade Alert - Black Gold Portfolio
February 17th, 2016 at 11:06 am EDTFebruary 17, 2016 Trade Alert - Black Gold Portfolio We need to roll these over to avoid the possibility of assignment: BTC 7 USO Feb-16 7.5 calls (USO160219C7.5)STO 7 USO Mar2-16 8 calls (USO160311C8) for a debit of $.22 (selling a diagonal) ...
February 12, 2016 Trade Alert - Black Gold Portfolio
February 12th, 2016 at 10:27 am EDTFebruary 12, 2016 Trade Alert - Black Gold Portfolio We will collect some premium and use some of our cash to buy 2 more Jan-18 8 calls to give us a little upside protection in case OPEC does manage to agree to limit production. We will be left ...
February 11, 2016 Trade Alert - Black Gold Portfolio
February 11th, 2016 at 12:17 pm EDTFebruary 11, 2016 Trade Alert - Black Gold Portfolio With the stock below $8 we should focus on collecting short-term premium while we wait for the price of oil to rebound. Tomorrow we will roll the expiring Feb2-16 8 calls to Feb-16 8 calls and ...