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Home / Futures Blog / Trade Spotlight: Options (August Monthly Summary)

Trade Spotlight: Options (August Monthly Summary)

September 2, 2020 by Don DeBartolo

This is the August 2020 Monthly Recap of the Trade Spotlight: Options advisory segment.

 

Open Positions


Coffee Bull Call Spread (8/18/20)

Long the December 2020 Coffee 1.300 / 1.400 call spread from 210 points. Option spread theoretical value is 3.49 points. Marked-to-market gain of $521.25.

On a pull back in the December 2020 Coffee futures market, purchased a bull call spread. The market tested the 1.3000 price level three times already and anticipated a breakout on the fourth attempt. Using a bull call spread we were able to purchase the strike price right at the target. The market did indeed break through and placed a liquidation order to take profit on the spread.

 

Copper Put (8/10/20)

Long the December 2020 Copper 2.500 put from 370 points. Option settled at 150 points. Marked-to-market loss of $550.

The December 2020 Copper futures market was trading sideways in July and the beginning of August. The seasonal tendency is for Copper to sell-off going into September. Purchased a put option to avoid the margin requirements and volatility of the market. A new contract high was made recently, but holding the position as the option expiration isn’t until November 24, 2020. The option is still holding value. The momentum has shifted down. Watching for a sell-off to the 2.800 price level when the put was purchased.

 

Working Orders


None.

 

Closed Positions


Silver Bull Call Spread (4/29/20)

Liquidated the long December 2020 Silver 18.00 / 19.00 call spread from 18.0 points at 56.0 points (7/14/20) for a profit of $1,900.

Filed Under: Trade Spotlight

About Don DeBartolo

Don C. DeBartolo is a Series 3 licensed broker registered with the National Futures Association (NFA). As a former arbitrage clerk in the S&P 500 futures pit at the Chicago Mercantile Exchange (CME), Don has floor trading experience. Taking his trade execution expertise and ability to navigate a fast-paced environment, Don transitioned to the brokerage side of the business. Since 2005, he has worked at Daniels Trading, a brokerage firm in the heart of the financial district in Chicago. His responsibilities as a broker include providing market analysis, trade execution, and money management to his clients around the world. In March 2010, he developed a formal trade advisory for clients of the firm seeking specific trade recommendations and subsequent risk management.

Due to his widespread proficiency and experience with the futures and commodity options markets, he is able to offer his clients timely insight, specialized trade recommendations, and educational information through various videos and writings.

Studying at Loyola University Chicago, Don discovered the international sport of rugby. Still today, he plays for the Chicago Griffins, a member of the highest league of rugby competition in the United States. Skill and discipline are two traits that carry over from the pitch to the trading screens.

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