Natural Gas cycle. This week we closed the 1600 put at 3 for a +$200 profit and we are still waiting to close the 2300 call (it shows a +$50 open profit). The May strangle shows a profit of +$250 per unit.
Crude Light cycle. We closed the May cycle with a profit of +$370 and we just entered the new June cycle selling a total premium of $510. The 46.00 call closed at 62 (we sold it for 33) and that shows a -$290 open loss but the 52.00 call shows a profit of $40 and the 29.50 put shows a profit of $130. The total position shows an open loss of -$120.
ES April cycle. We closed the ES April strangle for a +$260 per unit and we initiated the May cycle for a total premium of +$350 per strangle/unit.
Thank you and have a nice weekend!
Luca
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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.
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