MyDVICE

- LETTER & VIEWS by NEV R. AGN
Metals #11 – Energy #17

Metals #11 – Energy #17

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...
Metals #11

Metals #11

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...
Metals #10 – Energy #16

Metals #10 – Energy #16

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...
Metals #9 – Energy #15

Metals #9 – Energy #15

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...
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...