MyDVICE

- LETTER & VIEWS by NEV R. AGN
Metals #6 – Energy #12

Metals #6 – Energy #12

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...
Metals #5 – Energy #11

Metals #5 – Energy #11

Further-more on the relationship between gold and oil (the “Gold-Oil ratio”). 24 February 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).  Here is where...
Oil Post No. 10

Oil Post No. 10

Brent spot price as at January 29, 2021 = 55.10 (WTI = 52.10) Left leg....all matching! OIL POST NUMBER 10 – – –  Strategy Initiated on 23 June 2020 (using ICE Brent Options): 1. Sell 1x October 30 Put (expiry: 25 August 2020; futures price reference...
Oil Post No. 9

Oil Post No. 9

UPDATE on Option Structure initiated on 23 June 2020 – sell 1x 30 Oct Put & buy 1x 68 Feb Call (initiated for ZERO net premium; positive net theta = 0.23; positive net vega = 5.71) 31 July 2020 Summertime, Summertime! Digging it! OIL POST NUMBER 9 –...
Oil Post No. 8

Oil Post No. 8

It is TIME to rollover the Option Structure initiated on 2 June 2020 – Close Out 30 Sep Put – 55 Dec Call and move into Oct ’20 vs Feb ’21 (an extra month more to be long!) 23 June 2020 Summertime, Summertime! Digging it! OIL POST NUMBER 8...
Oil Post No. 7

Oil Post No. 7

Update on Option Structure initiated on 2 June 2020 21 June 2020 Summertime - Summertime! Can you dig it! OIL POST NUMBER 7 – – –  UPDATE ON:  Strategy (using ICE Brent Options): 1. Sell 1x September 30 Put (expiry:  28 July 2020); and 2. Buy 1x...