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Sell WH C4.7 or similar. Seasonals are lower for the next couple of months, no important news regarding wheat in the Northern hemisphere expected for a while. Thus, no reason for funds to cover their (already reduced) shorts.
Sell LHZ calls. Fundamentals are bearish, hog slaughter should normalize after the closure of a large company due to the remnants of hurricane Matthew.
Sell NG puts. NG looks to have reached good support, and to have priced in the warm weather forecasts.
Regarding the Gold trade discussed some time ago, I intend to wait for a lower price (1200 - 1220).
I know fundamentals are what you base your trading plan on. Do you look at the charts before you take a trade and if so what are some of the indicators you use?
There is an excellent service by Floyd Upperman, which is online for 18 years. They offer a free 15 day trial subscription. (I am not related to Floyd Upperman and do not get anything for recommending this service. I subscribed to the service for some years.)
Thinking of selling Feb NG put credit spread 2.5-2
2.5 seems to be a solid support on the charts. IM is low which makes it a lot more attractive than ES, CL, or GC. Maybe someone can educate me?
Sorry I did not answer earlier, but I was travelling for some days to attend two conferences.
Seasonals for Natural Gas move downwards at this time of the year, and, thus, it is not a good idea to sell puts. Generally, NG can be very volatile at this time of the year, and hard to predict. On the one hand there are the seasonals, on the other hand a cold blast can result in a strong move upwards of NG prices. Volatility can be high, and option prices look tempting, but you have to be very careful.
Generally, when selling options it is not only important that the strike price is not hit. The Price of your Option can move upwards, and you have to close your Position with a loss.
Any thoughts on selling put credit spreads on the 10 year? with short leg 2% out.
Looking at the charts support at 123. Am I too close?
Thought please?
