Friday, August 31, 2018

The U.S. Trade War is starting to ramp up. How are you positioned to profit from it?

Oil slips as trade war worries outweigh Iran sanctions - https://www.cnbc.com/2018/08/31/oil-prices-dip-on-concerns-sino-us-trade-conflict-could-escalate.html

Here is a summary of my current positioning and trades.

Closed Positions Thursday

  1. Sold VIX Calls September-19th-12 Strike Bought at 2.80 & 2.15 Sold at 2.65 (7.82% Gain)

Opened Positions Thursday

  1. Bought More GDX Calls September-21st-20 Strike Bought at .11

Current Short Term Outlook:

  1. Bullish Gold Miners
  2. Bearish Oil & Gas Co's

Current Open Positions:

  1. Long GDX Calls Sept-21st-20 Strike (.53 Average Cost Basis)

  2. Long XOP Puts Sept-21st-42 Strike (Cost 1.16)

13.38% Average Gain per Trade in August

15 Closed Trades in August 200.81% on all Closed Trades



Submitted August 31, 2018 at 07:10AM by JayFig_The_Trader https://ift.tt/2PUu6Er

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