James Cordier Client Update for October 11
Good afternoon. This is James Cordier of OptionSellers.com with a market update for October 11th. Well, everyone is quite familiar with the old adage of buying low and selling high and, of course, here at OptionSellers.com we try and do the exact opposite. That certainly is sell high and then buy back low. Right now, we are certainly entering a sweet spot to do in fact that. Option premiums right now are extremely high in both puts and calls across the board in gold, silver, crude oil, natural gas, coffee, and soybeans.
Right now, we feel, is a great time to be putting money to work and certainly that’s what we have right now. We have great margin availability to continue selling options, and yet the positions we have on right now, I think, are definitely entering a sweet spot. Of course, as I always say, we’ll have to wait and see. I am looking at 3 and 6 months out on some of the options that we have already sold and the possible decay coming up over the next 1-2 quarters looks absolutely excellent. I think the levels at which we have options sold, otherwise known as a strike price, look extremely high and low on both calls and puts. I think we will see great decay over the next quarter or two.
Both commodities, as far as energies, metals, and the two that we’re looking at right now are soybeans and coffee, we think are great opportunities coming up. We’re hoping for a little bit more of a rally in java. We’re hoping that takes place in the months of October and November. If in fact it does that we’re going to put our tuxedo on and jump in with both feet because we think that’s probably the greatest trade coming aboard in quite some time. We will have to wait and see. We do like the next quarter of 2018 and the first quarter of 2019, we think, they’re going to be quite good for us. We’ll find out soon.
Anyone wanting more information from OptionSellers.com can visit our website. If you’re not already a client of ours and wish to become one, you can speak to either Alicia or Rosemary at our headquarters in Tampa, Florida about possibly becoming one. As always, it’s great chatting with you and looking forward to doing so again in 2 weeks. Thank you.