NG April cycle. The market is going only down since we entered the strangle and our 1500 put increased in value (today it closed at 32 and we sold it for 14 and that equals to an open loss of +$180). We closed in the mean time the 2200 call and we cashed $160. There are many days to expiration and the hope is to see the NG to rally higher and stay above 1600. We are going probably to sell the call for the next May cycle next week in order to buy some extra time value.
ES March cycle. The market rallied without taking a break since the moment we put the position on (over 100 points up). We ended up closing this position for a total loss of -$570. Next week we will initiate the new ES April cycle.
CL March cycle. It was a good month on crude. We closed the 41.50 call for a profit of $200 and closed the 22.50 for a profit of $190, plus $10 from the 48.50 call for a total of +$400.
CL May cycle. We just initiated the new CL May cycle and we sold the 45 call for 30 and the 28 put for 22 for a total profit of $520 – the protective stop at 51 that cost us $70. Total net premium for this cycle $450 per strangle.
Overall the March cycle has still the potential to finish positive if NG stays above 1600 from here to expiration.
—
All information is provided “as is” and solely for informational purposes, not for trading purposes or advice. There is a substantial risk of loss in trading futures and options. Past performance is not indicative of future results.
CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.
The files transmitted are confidential and intended solely for the use of the individual or entity to which they are addressed. If you have received this email/document in error please notify the system manager. This message contains confidential information and is intended only for the individual named. If you are not the named addressee you should not disseminate, distribute or copy this e-mail/document. Please notify the sender immediately by e-mail if you have received this document by mistake. If you are not the intended recipient you are notified that disclosing, copying, distributing or taking any action in reliance on the contents of this information is strictly prohibited. NO PART OF THIS DOCUMENT MAY BE REPRODUCED AND TRANSMITTED WITHOUT THE EXPRESS WRITTEN CONSENT OF Luca Facchini – Quant System Trading – COPYRIGHT 2015.