MyDVICE

- LETTER & VIEWS by NEV R. AGN
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...
Metals #4 – Energy #6

Metals #4 – Energy #6

More on the relationship between gold and oil (the “Gold-Oil ratio”). 15 June 2020 Further to reading up on statistical research concerning the long-term equilibrium relationship between gold and oil (the research for the most part used cointegration...
Metals #3 – Energy #5

Metals #3 – Energy #5

Brace yourself!  I count at least 4 studies testing the cointegration or long-term equilibrium of the correlation between gold and oil. 10 June 2020 In my previous post I posit the following regarding the gold:oil ratio: Assuming mean reversion (to 17:1 ratio) and a...