Natural Gas December cycle. We closed the November cycle with a good result ($300 per strangle) but the December cycle is showing an open loss of $280 due the unexpected crash of the Natural Gas. The NGZ6 contract lost more than a 15% in less than a week and we were forced to roll down the original 2800 Put. In order to protect the downside, we sold the 2650 put and also purchased the 2600 put. The 4100 call is showing already a good profit and we will work to manage this difficult market conditions with the final goal to have a small loss by the end the cycle. Considering the magnitude of the correction this is not an easy task. It is a shame because during the month we reached new equity high for the year.
Crude Light December cycle. A super bearish report and the volatility related to the election pushed the Crude Light December contract down almost 12% in a week. With this kind of move we were forced to roll the 4200 put with a 4050 put with the final goal to finish this cycle at break even or with a small loss.
ES November cycle. Due to the increased volatility caused by the election with decided to close this position with a small loss of $50.
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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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