OptionSellers.com in the Media

James Cordier of OptionSellers.com is regularly featured in the media. Below is a small sampling of these appearances.

Cordier to TD Ameritrade: “A Great Time to Sell Volatility in Oil” – October 15, 2018.
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(Video Transcript)

Cordier to TD Ameritrade: “A Great Time to Sell Volatility in Oil”

James Cordier

Ben : Let’s bring out our next guest to help us answer that question. Traders, we’ve got James Cordier, the President and Founder of OptionSellers.com, with us this morning. James, welcome to the show and we’ve got the Brent and the WTI, which have come off the highs from earlier this month. I have to remind myself that each and every pullback this year has been bought up as a strong economy and production concerns persist. I wonder, once again, we’ve pulled back about $5 off the highs, James, has anything changed?

James : Good morning, Ben. We are looking at a change coming up. We have a seasonal downturn in demand in the largest consumer in the world, that being the United States. At the same time, we have a softening global economy. Countries like Japan and India certainly really feel the pain when oil prices are heading up towards 85 on Brent and 75 on WTI. The fact that we have taken Iran completely out of the market, the fact that we have the ability to produce those barrels and replace Iran right now is really speaking large to the idea that once Iranian situation does create a more friendly, positive production level for global oil. I think a lot of people looking forward to that and if in fact that happens while economic growth worldwide slows, we’re probably going to ease lower from the levels that we saw just a month ago and possibly go below 70.

Ben : So, last time you were on, James, as far as I remember, you had actually recommended selling some call selling strategies. I imagine if you’re still somewhat bearish oil you’d still feel the same way.

James : What’s interesting, Ben, with all the volatility in all the markets, the DOW Jones and S&P recently and all the uncertainty over crude oil, the ability to sell those call options is still there. We think that later this year and the beginning of next year, we’re going to see crude oil with a six handle and we’re looking at selling, if you want to go to spring or summer of next year, you can sell the $90 call or the $95 call. If you’re willing to be a little bit more patient you can sell a little bit further out and sell the $100 call. So, selling options is just the opposite, of course, of buying them, trying to predict where the market is going to go. When selling options, you’re predicting where it’s not going to go and we do not think crude oil next spring or summer is going to be anywhere near $95 or $100. I know a lot of people are talking about $100 oil but Saudi Arabia has new all-time highs for production, Russia has new all-time highs for production, and the United States as well. We have a slowing global economy. That does not sound like $100 oil to me.

Ben : How about volatility in the oil market? You mentioned volatility in the indexes. With all the uncertainty related to spare capacity and some of the unknowns in terms of Iranian sanctions, which is set to take affect early next month, is the volatility that we’ve been seeing here to stay?

James : It is. Until we get to late December of this year/January of next year and we start having $0.50 daily moves instead of $1 or $1.50 daily moves, the volatility will start coming out. Right now it’s near highs for the year and I think that is a great time to sell volatility in oil. So many people are trying to decide whether to go short or whether to go long or just think that it’s in a trading sideways market right now. The beauty of selling options is if you miss the top that we saw two weeks ago you can still get short from $90 or $95 and we think that later this year that’s going to be kind of a layup.

Ben : Good point. Speaking of last week, we saw a couple of things. One was inventories, which were sharply higher. I also noticed on Friday rig count was way up. I’m wondering, James, if some of the infrastructure constraints that we’d been hearing about earlier this year if they’ve been resolved.

James : They’re starting to be. The fact with selling $70 and $75 oil and locking that in, you can imagine that a lot of money is going towards infrastructure. In Texas, you’re producing oil for $45-$50 a barrel and you can lock in $75 sales for as far out as the eye can see. That is a great bottom line for a lot of investors and I think that’s what we’re going to see in the next 3-6 months as a lot more oil flowing out of places like Texas. At a time when we’re in shoulder season right now going into the United States, we’re after driving season, we’re before heating season, and with a slowing global economy I think locking in $75 oil for producers is going to look very attractive. We’re going to probably see in 2019 12 million barrels produced each day in the United States. Once again, that spells $65 and $67 oil, we think, going forward.

Ben : You know, I’m curious how that’s all going to factor into to the U.S. becoming less energy dependent. As production here continues to increase I’d imagine we’re somewhat limited in terms of our ability to rid the world of its energy concerns because a significant amount of oil demand, I should say, at least for oil, comes from obviously the Brent, the higher sulfuric content blend. James, let’s face it, not matter how energy dependent we become, OPEC is going to be around for a long time, correct?

James : Certainly so. OPEC produces oil that goes worldwide, nearly $85 recently and now down to $80. As soon as we start seeing fewer barrels being needed next year and the IDA says that we’re going to be needing 150-200,000 barrels less next year, we could see a potential mini-glut here in the United States in the next 12-18 months. As all this ramping up in production leads to less oil needed around the world, and if we have a slowdown in global economies next year we’re not going to need to export that oil and then all of a sudden we have oil supplies in the United States well above the 5-year average and, once again, that doesn’t spell $90 or $95 oil to us.

Ben : Alright James, we’re going to let you get out of here. Really appreciate you coming on. It’s fascinating for me to talk oil because no matter who you talk to you get a difference of opinion and with all the contributing fundamental activity right now it’s quite the stir, not only in price activity but also in terms of discussion. James Cordier, the President and Founder of OptionSellers.com. We look forward to having you back in the near future.



OptionSellers.com’s James Cordier and/or Michael Gross have appeared in nearly every major financial media in the US and many across the world. Whether it be live television or radio interviews, print or online interviews, published articles, features for our books The Complete Guide to Option Selling series – the traders at OptionSellers.com are in demand for two rare and specialized areas of expertiseOption Selling and Commodities Market Fundamentals.

If you are a media representative who would like to request interviews, appearances, speaking engagements, a published work or large book purchases – call 813-472-5760.

A sampling of various appearances, interviews and articles can be found below.

Our Book - The Complete Guide to Option Selling

Video Interviews


Cordier to TD Ameritrade: Oil Could “Tip Over” in Fourth Quarter

TD Ameritrade – September 13, 2018


Cordier to TD Ameritrade: Gold and Silver “Quite Close” to a Low

TD Ameritrade – July 31, 2018

TD Ameritrade Interviews James Cordier – Gives NEW Oil Price Forecast

TD Ameritrade – June 26, 2018

TD Ameritrade Interviews James Cordier on Selling Options

TD Ameritrade – May 23, 2018

Irma Could Spike Orange Juice Prices

CNBC – August 29, 2017

Gas Prices to Rise 30-40 Cents from Harvey – But Bearish Oil

Fox Business – August 30, 2017

Time to Buy Gold?

CNBC – November 18, 2016

Gold Prices Ready to Fall? Cordier says “Yes”

CNBC – July 6, 2016

Cordier challenges Andy Lipow on Oil Prices

CNBC – June 8, 2016

Cordier Predicts Oil Fall Below $35

CNBC – May 16, 2016

Oil Price Forecast

CNBC – December 28, 2015

Precious Metals

CNBC – September 24, 2015

Crude Oil Prices

CNBC – August 19, 2015

Higher Oil Prices

FOX Business – May 12, 2015

OPEC & Oil Prices

CNBC – NOV 13, 2014

Crude Oil Prices

BNN – NOV 11, 2014

Precious Metals, Gold Prices

The Street – NOV 11, 2014

Time to Buy Gold?

Fox Business – SEP 22, 2014

SEE MORE

Published Articles


Investing.com Logo icon
Sugar, Coffee Seen Joining Cocoa In Q4 Rally As Prices, Demand Turn

Investing.com – SEP 20, 2018

Investing.com Logo icon
Big Gains For Cocoa After Wild Ride Adds Sweetener For Bulls

Investing.com – SEP 06, 2018

Investing.com Logo icon
Cocoa Market Shift Afflicts Bulls, Relieves Candy Makers

Investing.com – AUG 09, 2018

Prospect News - Structured Products Daily
JPMorgan’s buffered leveraged notes on Bloomberg Commodity seen as volatility bet

Prospect News – JUL 19, 2018

CNBC
US farmers ‘cautiously optimistic’ amid signs of progress in China trade talks

CNBC – MAY 22, 2018

CNBC
Fears ripple through the US heartland that agriculture could take hit from China trade retaliation

CNBC – MAR 15, 2018

CNBC
Wheat futures rally amid worsening three-state drought in key grain growing region

CNBC – JUN 30, 2017

Bloomberg
Arabica Coffee May drop to $1/lb on Brazil Prospects

Bloomberg – JUN 21, 2017

Bloomberg
Suddenly, Oil Below $40 a Barrel Doesn’t Seem So Far-Fetched

Bloomberg Markets – MAY 05, 2017

Bloomberg
SOFTS: Cocoa Set for Weekly Gain; Open Interest Rises to Record

Bloomberg Markets – MAY 05, 2017

KITCO News
Time To Take Out A ‘Shopping List’ For Commodities

KITCO News – AUG 18, 2015

TD Ameritrade
James Cordier Offers His ABCs for Selling Options

TD Ameritrade – MAR 05, 2015

Traders
Interview: The Sell Side with James Cordier

Traders.com | Stocks & Commodities Mag – FEB 2015

Trader Planet
Is Gold The Next Big Thing?

Trader Planet – JUN 05, 2015

Trader Planet
Fertile Fields For Corn Call Sellers This Summer: Here’s Why

Trader Planet – JUN 01, 2015

MarketWatch
If You’re Looking for a Commodity to Short, Look at Corn

MarketWatch – MAY 29, 2015

MarketWatch
Crude Oil Looks Ready to Cruise Higher this Summer

MarketWatch – MAY 15, 2015

Trader Planet
Coffee – Broad View of Fundamentals Continues to Favor Call Sellers

Trader Planet – MAY 01, 2015

MarketWatch
Put Down that Cup, it’s Time to Short Coffee

MarketWatch – APR 29, 2015

Seeking Alpha
Fundamentals In Coffee Continue To Favor Bears

Seeking Alpha – APR 28, 2015

READ MORE

Radio Interviews


James Cordier on Bloomberg Radio

August 25, 2017

James Cordier Strategic Investor Radio Interview

March 02, 2016

James Cordier MoneyLife Radio Interview

DEC 05, 2014

James Cordier Bloomberg Radio Interview

DEC 05, 2014

James Cordier Jordan Goodman Radio Interview

NOV 11, 2014

If you are a high net worth investor, you may qualify to work directly with James Cordier and Michael Gross with a managed option selling portfolio.