Jan 16, 2022
PROFIT TARGET SURPASSED! 16 January 2022 Time to take profit on our open options positions (3 legs) Our open positions are the following: 1. Short a March 2022 WTI 60 Put (shorted at a price of 5.86). Current price to buy back = 0.19. 2. Long a November 2022...
Dec 1, 2021
FINALLY IT HAS LANDED! 1 December 2021 Palladium is no longer the darling of the precious metals complex. Always found PD to be overvalued versus both Gold and Platinum. Check out the spread charts below (Pd-Au and Pd-Pt). Perhaps the allure of Tesla is...
Dec 1, 2021
BACK ON THE HORSE! 1 December 2021 The last 3 trading days has created (once again) the same opportunity in options as that of last March/April 2020. The last proposed structure initiated on 16 June 2021, that is, sell a 56 WTI November 2021 Put to buy a 90 WTI...
Nov 1, 2021
Wondering for an update: price as of 29 October 2021 (on structure proposed on 16 June 2021). 01 November 2021 The following option structure was proposed to take advantage of an overshoot of the gold:oil ratio to 12:1 (assuming gold maxes out at $1900 over this...
Jun 28, 2021
Wondering for an update: price as of close 25 June 2021 (on structure proposed on 16 June 2021). 28 June 2021 The following option structure was proposed to take advantage of an overshoot of the gold:oil ratio to 12:1 (assuming gold maxes out at $1900 over this...
Jun 16, 2021
Discussing the Gold-Oil ratio (again) – structure to target a return and potential overshoot of the long-term equilibrium level of 14:1. 16 June 2021 In my posts dated 9, 10, 15 June 2020 and most recently 8 March 2021, I stated the proposition that the gold-oil...
May 8, 2021
Platinum versus Paladium – Time to Exit or roll the position? (Strategy Update – 8 May 2021) Original strategy initiated on 26 April 2021. The quick profit of USD 611 per lot (see below) warrants either an exit or position roll – decision soon. Long...
Apr 30, 2021
Platinum versus Paladium – Strategy Update – 30 April 2021 Original strategy initiated on 26 April 2021. Long Platinum versus Palladium Option Strategy 1. Sell Palladium September 2021 (expires 18 August 2021) Put Option, strike 2,680. Settlement price on...
Apr 25, 2021
Platinum versus Paladium – The Newest Effects! 26 April 2021 Check out the charts below (Pt versus Pd). Clearly platinum is significantly out of favour versus palladium. But what is even more interesting is that luxury watches are still priced with the platinum...
Mar 8, 2021
The Gold-Oil ratio updated. 25 April 2021 In my posts dated 9, 10 and 15 June 2020, I stated the proposition that the gold-oil ratio will revert to its 20-year average (see chart below – in particular note the March 2020 fiasco in oil markets that caused the...
