Current and Past Trades

Current and Past Trades

Current Trades

Past Trades

Today is Monday the 16th of March 2026. I would like to take a position that benefits from oil going down. I think that soon oil will begin to flow through the strait of Hormuz. At this moment oil futures are off about 5 points at about 93.6. I think they will go lower. One way to trade my opinion is with a Bear Call Spread. I will sell the 58.5 calls and purchase the 59 calls both expiring this coming Friday the 20th of March.

I was able to get a $0.16 credit on a 50-cent spread. So, my reward to risk ratio is $0.16/$0.34 or just under 50%. We'll see if my forecast was correct.

Checked in on March 18th. XLE is up to 58.90 at this point in time. So, the trade is currently down. We'll see what the next two days bring.

Last Friday March 20th XLE was up again, and I did have to close the trade at $0.50 which was the maximum loss. If I had not closed the trade, I would have been assigned on both contracts. My forecast was wrong and so I suffered the maximum loss on the trade.

Calendar Spread opened March 2 on BBY. Short leg 62 expiring this Friday March 6 credit $3.02. Long leg 62 expiring on the next Friday March 13th debit $3.25. Net debit $0.23. The reason the net debit is so low is because BBY is releasing their earnings tomorrow morning March 3rd before market open. This is a higher risk trade because of the earnings release during the life of the trade. But it does have an excellent reward to risk ratio. If an opportunity to take profits arises today, I might take it.

Closed March 4 at credit of $0.45. So, .45 - .23 = .22, this is almost a double in two days. I won't bother going through the numbers with commissions.

Calendar Spread entered on Tuesday February 24th. A long calendar, short leg Feb 27th 305 calls sold at $7.55, long leg Mar 305 calls purchased at $15.05, net debit $7.50. Position closed at $8.80 by selling the Mar 305 calls at $12.55 and purchasing the Feb 27 305 calls at $3.75 for a net credit of $8.80. Not counting commissions and fees you have $8.80 - $7.50 = $1.30, $1.30 / $7.50 = 0.173 or about 17% on a holding period of 2 days.

Fees were $0.04 and $0.03 for a total of $0.07. Commissions were $1.30 and $1.30 so total fees and commissions were $2.67. If we include the fees and commissions, we reduce the proceeds to $8.80 - $2.67 = $8.77, $8.77 - $7.50 = $127.33 / $750 = 0.169 call it 17%