My energy trades

I am looking at a target much lower than 0, but yes, for a fly in particular, if you don't have discounts( I am a NYMEX member ), you will lose 2 ticks in commissions and fees. So you need to go for more than 7 ticks IMO. I have no opinion on V/Z. My fly looks much safer for a short.
 
The thing is fundamentals is probably the one that takes the longest to get up to speed. You just have to read constantly about the markets you trade. For energy, read platts.com and argus media articles, The Barrel Blog, listen to Platts podcasts. For agriculture, read DTN and agweb articles, Allendale daily commentary, listen to Agritalk... It is a long journey, at least 5 years to understand a market and 10 to master it IMO...
 
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TraDaToR said:
The thing is fundamentals is probably the thing that takes the longest to get up to speed. You just have to read constantly about the markets you trade. For energy, read platts.com and argus media articles, The Barrel Blog, listen to Platts podcasts. For agriculture, read DTN and agweb articles, Allendale daily commentary, listen to Agritalk... It is a long journey, at least 5 years to understand a market and 10 to master it IMO...
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That's what I'm realizing! Thanks for the info!
 
I couldn't help but open a call credit spread on CL. Oct 60-61 strikes. Funnily enough the underlying was 58.36 when I opened and literally within minutes it started falling sharply. Normally, the opposite happens to me.
 
ffs1001 said:
I couldn't help but open a call credit spread on CL. Oct 60-61 strikes. Funnily enough the underlying was 58.36 when I opened and literally within minutes it started falling sharply.
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I closed this credit spread today for 0.14 (having opened for 0.35 two days ago), giving around 0.20/contract profits. CL has fallen sharply in the last two days, making the profits possible. If only other trades worked out this well.

Am now trying to sell a credit put spread.
 
For once I am happy I was in vacation last week, I am pretty sure I would have been net short energies going into the week end...
 
TraDaToR said:
07/16/2019 : Long X/Z/F gasoil butterfly @ 1.25.

- I don't see any way IMO would devalue X and F compared to Z. If the increased demand is felt beforehand then X will get the boost before Z and if the increased demand is felt solely on F, then it should profit as well.
- Seasonals
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10/31/2019 : Out @ 2.
 
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