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Crude oil Position/Swing Trading in Low Volatile price Environment


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Crude oil Position/Swing Trading in Low Volatile price Environment

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 EdgeExecution 
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I am starting this thread to post Crude OIL Futures position/Swing trades.

The background:
1/ Lately OIL is trading 100 tick ATR range and AT the Money PUT/CALL Options with 30 Day expiry are trading around $1.75 , this is very cheap Option prices. As recent as 2 months ago these AT the money 30 Day expiry options are traded around $3.00

2/ In this Low volatility environment , I am experiencing Position/Swing trades fare better than Day Trades. You do not have to worry about 20 to 30 Tick STOPs to realize similar gains on the upside .

3/ Max. only 2 trades allowed per day, that is 2 Buys and 2 Sells. Ideally try to be 1 Buy and 1 SELL per day.

4/ Holding PUT/CALL Options overNight is one of the main themes of these trades and take FUTURE contract CONTRACT LONG/SHORT positions with the Previously bought PUT/CALLs as Protection.

5/ Trades are based on Discretionary method with Fundamental Analysis background and some Technical Chart Info.

Initial Capital: $20,000 (to avoid controversy , consider this as SIM Account )

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 EdgeExecution 
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moved trade post from first post to here, I will edit later for good Table Format for easy read

----------------------------------------------------------------------------------------
Date | Time(EST) | Long/Short | Entry Price | Exit Price
--------------------------------------------------------------------------------------------

Trade #2: BUY $94 strike JANUARY PUT Option, price: $1.10 Time: 12:25 (ET)
Trade #1: BUY $96 strike JANUARY PUT Option, price: $1.90 Time: 12:25 (ET)

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 EdgeExecution 
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Trade #1-close: SELL$96 strike JANUARY PUT Option, price: $2.55

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 EdgeExecution 
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Trade #4: BUY Future price: $94.30
Trade #3: BUY $93.5 strike JANUARY CALL Option, price: $2.08

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 EdgeExecution 
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EdgeExecution View Post
Trade #4: BUY Future price: $94.30
Trade #3: BUY $93.5 strike JANUARY CALL Option, price: $2.08

Trade #4-close: SELL Future price: $94.95 ( + 65 ticks )

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 EdgeExecution 
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Trade #4: BUY Future price: $94.30
Trade #3: BUY $93.5 strike JANUARY CALL Option, price: $2.08

Trade #3-close: SELL $93.5 strike JANUARY CALL Option, price: $2.55

Trade #5: SELL Future $95.10

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 EdgeExecution 
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EdgeExecution View Post
Trade #3-close: SELL $93.5 strike JANUARY CALL Option, price: $2.55

Trade #5: SELL Future $95.10

Trade #5-close: BUY Future $94.80 ( + 30 )

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 EdgeExecution 
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Trade #6 Short 94.0 , 2 cars

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 EdgeExecution 
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Trade #7: Buy $95 strike PUT option: $2.07

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 EdgeExecution 
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Trade #6 Short 94.0 , 2 cars

Trade #6-close Buy 94.10 , net: -20 ticks loss

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 EdgeExecution 
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Trade #7: Buy $95 strike PUT option: $2.07

Trade #7-close: SELL $95 strike PUT option for $2.10 , net: +3 ticks

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 EdgeExecution 
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Trade #8: Long CL future 93.68

Trade #9: BUY 93 strike JAN CALL Option for : $1.84

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 EdgeExecution 
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EdgeExecution View Post
Trade #8: Long CL future 93.68

Trade #9: BUY 93 strike JAN CALL Option for : $1.84

Trade #8-close: Sell CL future 93.73 for +5 ticks

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 EdgeExecution 
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Trade #10: Long CL future 93.84

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 EdgeExecution 
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Trade #11: Short Gasoline RBOB (RB) future 2.6934

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 EdgeExecution 
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EdgeExecution View Post
Trade #10: Long CL future 93.84

Trade #10-close: SellCL future 92.27

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 EdgeExecution 
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Trade #8: Long CL future 93.68

Trade #9: BUY 93 strike JAN CALL Option for : $1.84

Trade #9-close: SELL 93 strike JAN CALL Option for : $1.82 , net : -2 ticks

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 EdgeExecution 
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Trade #11: Short Gasoline RBOB (RB) future 2.6934

Trade #11-clsoe: Buy Close Gasoline RBOB (RB) future 2.6960 net: -$100 (loss )

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 EdgeExecution 
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Trade #12: SHORT CL future 93.60 ( 2 cars )

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 EdgeExecution 
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Trade #12: SHORT CL future 93.67 ( 2 cars )

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 EdgeExecution 
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Trade #12: SHORT CL future 93.67 ( 2 cars )

Trade #12-close: SHORT close CL future 92.77 , net : +180 ticks

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 EdgeExecution 
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Trade #13: SHORT CL future 93.85 ( 2 cars )

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Trade #14: SHORT CL future 95.09 ( 2 cars )

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 EdgeExecution 
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This is old NOV 27 post, I could not add 1 min. volume spike chart at that time, as I can not add the attachment now ( too old , no attach button ), I am posting it here with Chart ..



2700 contract 1-minute Sell Off bar at 7:30 am EST

Following is an interesting observation I noticed today.
1/ 90 minutes before PIT open, at 7:30 EST a High Volume Sell Off Bar ( 2700 contracts) is 10 X greater than
the typical 7:30 EST(4:30 PST) 1-minute Volume

2/ Some big fund sat down early morning to Liquidate Huge Long Position 7:30 am EST

3/ I noticed this observation only after PIT Open, but this gave me bias that It will be very hard to have big reversal beyond 92.50 even with 3 MM crude build ( little smaller than API number 6 MM )

some issue with Chart attachment , I will do the same later ..


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 EdgeExecution 
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Trade #1: Short Sell RBOB gasoline (FEB contract) at: 2.7245

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 EdgeExecution 
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Trade #1: Short Sell RBOB gasoline (FEB contract) at: 2.7245

Trade #1-close: Buy close RBOB gasoline (FEB contract) at:2.7070

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 EdgeExecution 
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Trade #2: Buy RBOB gasoline (FEB contract) at: 2.7075

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 EdgeExecution 
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Trade #3: Buy Crude OIL (CL) Feb contract at: 95.52

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 EdgeExecution 
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Trade #3: Buy Crude OIL (CL) Feb contract at: 95.52

Trade #3-close: Sell Crude OIL (CL) Feb contract at: 94.45

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 EdgeExecution 
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Trade #4 : Sell SHORT Crude OIL (CL) Feb contract at: 94.45 ( 2 cars)

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