Natural Gas July cycle. We were forced to roll the 2600 call with the 2800 call. The cost of the roll created a loss of $950 that was in part compensated by the long futures ($100). The 2800 call was sold for $270. The 2600 call was sold for $200 and the 1900 put for $200. If by expiration the market doesn’t rally close to the 2800 call, we will close the NG July cycle with a loss of $2/300 dollars (depending on the fills received by the brokers).
Crude Light July cycle. The CL July strangle produced a gain of $390 and we just entered this week the August strangle for a total premium of $420. We sold the 55.50 call and the 40.00 put.
ES June cycle. We were also forced to roll the 2125 call and the entire cycle was closed at break even. We will wait for the Brexit news before entering a new ES cycle.
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.
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