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QCO Weekly Recap 8/01/2016

Quant Weekly Recap 8/01/2016

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Natural Gas September cycle. The NG market rallied against us almost 10% in just three days after we entered our positions. The situation is still under control but we might be forced to play once one more in defense with a roll at a higher strike price. The 3100 call sold for 27 closed at 40 for an open loss of $130 but the 2300 put closed at 4 and it shows an open profit of $120.

 

Crude Light September cycle. The crude light lost over 10% of its value since we initiate our positions. We closed the 53 call for a profit of $190 but we were forced to roll down our 3900 put with a loss of $600. We sold the 3700 put for $350 and if nothing crazy happens between now and expiration we should close this cycle with a small loss (under $100).

 

ES September cycle. We closed the August cycle with a break even result and we did not initiate yet the September cycle due to the poor premiums offered by the market.

 

 

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