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Sold the LCV P100. You find some arguments why I am long cattle below.
Additionally, at this time of the year the October future price is above cash price in most years. Since 1999 (I do not have older figures) only once the October future was more than 1 $ cheaper than cash in the third week of June, that was in 2003 and was related to BSE. Currently the October future is more than $10 below cash.
Thus, in my opinion the potential for lower Prices of the LCV is limited.
I did not show all the recent short option trades due to the turbulent times.
Bought back the ZNU C135.5 with a profit of 40 % according to Carleys Suggestion before the vote on Brexit, and sold the ZNU C136.5 after the vote, again following Carleys Suggestion.
Bought back the small position of ESU P1700 at a loss of 100 % after the vote on Brexit.
Bought back the KCU C200 after the vote on Brexit at a profit of 67 %.
Not many interesting options to sell in my opinion. I do not like the grains & beans, as we are in a weather market. Risk / reward are not in a good relation for option sellers - you can win little, but lose a lot ...
ES, ZN, CL, GC have large volatilities, which is good for option sellers. But it is hard to predict the next move, thus I only hold one position out of this Group (ZNU calls). I might sell ES puts, if there is a clear move upwards (eg. a strong close above the 200 dma).
I did not follow Carley selling NG calls. La Nina is getting stronger, and this could mean hotter summer and colder winter temperatures. And, thus, more gas consumption in summer (air condition) and winter (heating).
I might sell coffee calls once more in case there is a strong move upwards. But not at current level.
I've debated the NG calls too. Inventory is the highest in history for this time of year.
But the last time it was almost this high in 2012, futures went up in July. But last year futures were about the same as this year and inventory wasn't nearly as high as this year and futures didn't go up in July. But production was higher last year.
But NG futures are getting way over priced today on July expiration day.
