MyDVICE

- LETTER & VIEWS by NEV R. AGN
Metals #8 – Energy #14

Metals #8 – Energy #14

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...
Metals #7 – Energy #13

Metals #7 – Energy #13

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...
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 –...