With another day of volitale markets we have another day that Nick has to adjust his position to try and fend off the downside pressure.
Below are all of Nick's open positions; today's trades which adjusted him back to 100,000 bushels sold in each of the 3 major grains; today's trades are highlighted via the blue color.
Below those are a couple of charts; the projected P & L looks good; but the delta changes tell him he needs to figure out what went wrong or fine some more lines of credit as his margin cost isn't exactly free.
But provided his projected profit and loss information is correct he is sitting rather decent as he now has nearly a 1.50 range where he is up over 10.00 a bushel on all of his bushels sold. Who said you couldn't get 20.00 for wheat or beans? OR 15.00 for corn? Nick all be it in a very different style has a legitamet chance to do just that; get numbers that some just dream of; now all he needs is a little luck and a very good banker!!!!
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Please stop back for more on Nick's trading; as I am guessing the USDA report will add more things he needs to do; not take away.
Below are all of Nick's open positions; today's trades which adjusted him back to 100,000 bushels sold in each of the 3 major grains; today's trades are highlighted via the blue color.
Below those are a couple of charts; the projected P & L looks good; but the delta changes tell him he needs to figure out what went wrong or fine some more lines of credit as his margin cost isn't exactly free.
But provided his projected profit and loss information is correct he is sitting rather decent as he now has nearly a 1.50 range where he is up over 10.00 a bushel on all of his bushels sold. Who said you couldn't get 20.00 for wheat or beans? OR 15.00 for corn? Nick all be it in a very different style has a legitamet chance to do just that; get numbers that some just dream of; now all he needs is a little luck and a very good banker!!!!
| Long | # of | Option | Futures | My Trade | Position Equivalent | Profits (Losses) | Days to Expiration | ||||||
| or Short | Contracts | Symbol | Reference | Date | Price | Delta | Delta (bu) | Gamma (bu) | Theta / Day | Vega | Actual | Actual | Over-Ride |
| LONG | 31.00 | CJ650P | CK1 | 22-Feb-2011 | 19.000 | (0.17) | (25,797) | 671 | ($691) | $574 | ($21,313) | 16 | |
| SHORT | 50.00 | CJ670P | CK1 | 8-Mar-2011 | 8.000 | 0.27 | 67,406 | (1,484) | $1,440 | ($1,217) | ($3,750) | 16 | |
| LONG | 100.00 | CJ690C | CK1 | 22-Feb-2011 | 28.875 | 0.60 | 297,776 | 3,570 | ($3,298) | $2,839 | ($8,125) | 16 | |
| SHORT | 35.00 | CJ690C | CK1 | 3-Mar-2011 | 44.125 | (0.60) | (104,222) | (1,249) | $1,154 | ($994) | $29,531 | 16 | |
| SHORT | 60.00 | CJ690P | CK1 | 3-Mar-2011 | 10.500 | 0.40 | 120,904 | (2,147) | $1,980 | ($1,704) | ($17,250) | 16 | |
| LONG | 100.00 | CJ700P | CK1 | 8-Mar-2011 | 18.125 | (0.48) | (238,365) | 3,711 | ($3,363) | $2,919 | $13,125 | 16 | |
| SHORT | 100.00 | CJ720C | CK1 | 22-Feb-2011 | 17.875 | (0.38) | (188,746) | (3,542) | $3,225 | ($2,790) | $21,875 | 16 | |
| SHORT | 35.00 | CJ720P | CK1 | 27-Feb-2011 | 27.125 | 0.62 | 108,642 | (1,235) | $1,128 | ($977) | ($9,406) | 16 | |
| SHORT | 20.00 | CN650P | CN1 | 9-Mar-2011 | 34.500 | 0.31 | 30,817 | (227) | $251 | ($1,343) | $0 | 107 | |
| LONG | 40.00 | CJ700P | CK1 | 9-Mar-2011 | 20.750 | (0.48) | (95,346) | 1,484 | ($1,345) | $1,168 | $0 | 16 | |
| SHORT | 30.00 | CJ660P | CK1 | 9-Mar-2011 | 7.125 | 0.21 | 32,106 | (771) | $772 | ($646) | $0 | 16 | |
| SHORT | 40.00 | CJ720P | CK1 | 3-Mar-2011 | 21.000 | 0.62 | 124,162 | (1,411) | $1,289 | ($1,116) | ($23,000) | 16 | |
| SHORT | 20.00 | CK650P | CK1 | 2-Feb-2011 | 28.875 | 0.27 | 27,145 | (333) | $381 | ($799) | $11,125 | 43 | |
| SHORT | 20.00 | CK650P | CK1 | 15-Feb-2011 | 20.250 | 0.27 | 27,145 | (333) | $381 | ($799) | $2,500 | 43 | |
| SHORT | 5.00 | CK700P | CK1 | 14-Feb-2011 | 36.500 | 0.47 | 11,670 | (102) | $112 | ($238) | ($375) | 43 | |
| LONG | 20.00 | CK700C | CK1 | 19-Feb-2011 | 52.500 | 0.53 | 52,991 | 408 | ($447) | $953 | ($13,500) | 43 | |
| SHORT | 15.00 | CK700P | CK1 | 19-Feb-2011 | 32.000 | 0.47 | 35,009 | (306) | $335 | ($715) | ($4,500) | 43 | |
| SHORT | 41.00 | CK750C | CK1 | 15-Feb-2011 | 24.625 | (0.34) | (69,420) | (764) | $854 | ($1,806) | $8,456 | 43 | |
| SHORT | 2.00 | CN500P | CN1 | 7-Jan-2011 | 20.875 | 0.05 | 497 | (6) | $8 | ($40) | $1,725 | 107 | |
| SHORT | 30.00 | CN550P | CN1 | 23-Dec-2010 | 37.250 | 0.10 | 15,491 | (173) | $193 | ($1,046) | $43,313 | 107 | |
| SHORT | 20.00 | CN600P | CN1 | 8-Mar-2011 | 17.625 | 0.19 | 19,203 | (177) | $194 | ($1,049) | ($500) | 107 | |
| SHORT | 22.00 | CN630P | CN1 | 21-Jan-2011 | 47.875 | 0.26 | 28,546 | (230) | $254 | ($1,363) | $22,825 | 107 | |
| SHORT | 5.00 | CN630P | CN1 | 8-Feb-2011 | 31.000 | 0.26 | 6,488 | (52) | $58 | ($310) | $969 | 107 | |
| SHORT | 15.00 | CN650P | CN1 | 27-Feb-2011 | 29.625 | 0.31 | 23,113 | (170) | $188 | ($1,007) | ($3,656) | 107 | |
| SHORT | 14.00 | CN720P | CN1 | 19-Feb-2011 | 60.875 | 0.48 | 33,905 | (175) | $201 | ($1,059) | ($6,038) | 107 | |
| SHORT | 40.00 | CN750C | CN1 | 22-Feb-2011 | 41.500 | (0.44) | (87,288) | (494) | $574 | ($2,997) | ($7,750) | 107 | |
| SHORT | 55.00 | CN800C | CN1 | 23-Dec-2010 | 30.750 | (0.33) | (90,495) | (622) | $732 | ($3,802) | $0 | 107 | |
| SHORT | 10.00 | CN800C | CN1 | 26-Jan-2011 | 28.000 | (0.33) | (16,454) | (113) | $133 | ($691) | ($1,375) | 107 | |
| SHORT | 27.00 | CN800C | CN1 | 28-Jan-2011 | 24.000 | (0.33) | (44,425) | (305) | $360 | ($1,866) | ($9,113) | 107 | |
| SHORT | 31.00 | CN800C | CN1 | 22-Feb-2011 | 28.500 | (0.33) | (51,006) | (350) | $413 | ($2,143) | ($3,488) | 107 | |
| SHORT | 60.00 | CN800C | CN1 | 8-Mar-2011 | 31.750 | (0.33) | (98,722) | (678) | $799 | ($4,148) | $3,000 | 107 | |
| SHORT | 45.00 | CN850C | CN1 | 19-Feb-2011 | 25.375 | (0.24) | (54,006) | (436) | $518 | ($2,688) | $11,250 | 107 | |
| 1,138.00 | (0.02) | (101,275) | (8,044) | $8,782 | ($30,901) | $36,556 | |||||||
| LONG | 30.00 | SJ1260P | SK1 | 22-Feb-2011 | 17.375 | (0.10) | (14,853) | 354 | ($591) | $760 | ($20,813) | 16 | |
| SHORT | 20.00 | SJ1300P | SK1 | 8-Mar-2011 | 4.000 | 0.22 | 21,837 | (441) | $615 | ($842) | ($4,500) | 16 | |
| SHORT | 45.00 | SJ1340P | SK1 | 27-Feb-2011 | 20.500 | 0.44 | 97,882 | (1,350) | $1,835 | ($2,500) | ($2,813) | 16 | |
| LONG | 60.00 | SJ1340P | SK1 | 8-Mar-2011 | 11.000 | (0.44) | (130,510) | 1,799 | ($2,447) | $3,333 | $32,250 | 16 | |
| LONG | 65.00 | SJ1400C | SK1 | 22-Feb-2011 | 10.750 | 0.23 | 76,356 | 1,496 | ($2,104) | $2,851 | ($5,688) | 16 | |
| SHORT | 65.00 | SJ1440C | SK1 | 27-Feb-2011 | 14.500 | (0.11) | (35,561) | (875) | $1,321 | ($1,772) | $35,344 | 16 | |
| SHORT | 80.00 | SN1440C | SN1 | 9-Mar-2011 | 49.375 | (0.37) | (149,710) | (731) | $1,443 | ($11,105) | $0 | 107 | |
| SHORT | 10.00 | SN1300P | SN1 | 9-Mar-2011 | 49.500 | 0.35 | 17,559 | (96) | $164 | ($1,358) | $0 | 107 | |
| SHORT | 30.00 | SJ1300P | SK1 | 9-Mar-2011 | 8.500 | 0.22 | 32,756 | (662) | $922 | ($1,263) | $0 | 16 | |
| SHORT | 90.00 | SJ1400C | SK1 | 9-Mar-2011 | 9.000 | (0.23) | (105,723) | (2,071) | $2,913 | ($3,947) | $0 | 16 | |
| LONG | 30.00 | SJ1340P | SK1 | 9-Mar-2011 | 21.750 | (0.44) | (65,255) | 900 | ($1,224) | $1,667 | $0 | 16 | |
| LONG | 30.00 | SJ1360C | SK1 | 9-Mar-2011 | 21.500 | 0.44 | 66,573 | 890 | ($1,248) | $1,672 | $0 | 16 | |
| SHORT | 100.00 | SN1300P | SN1 | 27-Feb-2011 | 47.125 | 0.35 | 175,585 | (958) | $1,644 | ($13,576) | ($11,875) | 107 | |
| SHORT | 5.00 | SK1600C | SK1 | 3-Mar-2011 | 10.500 | (0.06) | (1,446) | (21) | $47 | ($140) | $1,781 | 43 | |
| SHORT | 2.00 | SN1400P | SN1 | 21-Jan-2011 | 88.875 | 0.55 | 5,500 | (20) | $36 | ($288) | ($1,475) | 107 | |
| SHORT | 4.00 | SN1500C | SN1 | 15-Feb-2011 | 47.000 | (0.29) | (5,763) | (32) | $68 | ($503) | $2,225 | 107 | |
| SHORT | 6.00 | SN1400P | SN1 | 8-Feb-2011 | 63.750 | 0.55 | 16,500 | (59) | $108 | ($865) | ($11,963) | 107 | |
| SHORT | 8.00 | SN1500C | SN1 | 14-Feb-2011 | 56.625 | (0.29) | (11,526) | (63) | $136 | ($1,005) | $8,300 | 107 | |
| SHORT | 12.00 | SK1400P | SK1 | 2-Feb-2011 | 42.500 | 0.64 | 38,628 | (186) | $307 | ($1,033) | ($21,300) | 43 | |
| SHORT | 10.00 | SN1360P | SN1 | 28-Jan-2011 | 67.250 | 0.47 | 23,670 | (101) | $178 | ($1,452) | ($5,750) | 107 | |
| SHORT | 20.00 | SK1400C | SK1 | 15-Feb-2011 | 44.875 | (0.35) | (35,218) | (312) | $513 | ($1,721) | $17,875 | 43 | |
| SHORT | 20.00 | SN1200P | SN1 | 8-Mar-2011 | 14.500 | 0.17 | 17,314 | (132) | $229 | ($1,901) | ($4,750) | 107 | |
| SHORT | 15.00 | SN1300P | SN1 | 26-Jan-2011 | 48.500 | 0.35 | 26,338 | (144) | $247 | ($2,036) | ($750) | 107 | |
| SHORT | 30.00 | SN1700C | SN1 | 19-Feb-2011 | 20.750 | (0.12) | (18,250) | (124) | $343 | ($2,272) | $10,688 | 107 | |
| SHORT | 30.00 | SK1340P | SK1 | 19-Feb-2011 | 36.375 | 0.45 | 67,580 | (509) | $801 | ($2,742) | ($8,063) | 43 | |
| SHORT | 20.00 | SN1400C | SN1 | 22-Feb-2011 | 53.000 | (0.44) | (44,237) | (196) | $363 | ($2,883) | ($8,000) | 107 | |
| SHORT | 30.00 | SN1600C | SN1 | 23-Dec-2010 | 62.000 | (0.19) | (27,930) | (175) | $428 | ($2,988) | $60,375 | 107 | |
| SHORT | 25.00 | SN1500C | SN1 | 26-Jan-2011 | 67.250 | (0.29) | (36,020) | (198) | $424 | ($3,142) | $39,219 | 107 | |
| SHORT | 45.00 | SK1400P | SK1 | 3-Mar-2011 | 48.000 | 0.64 | 144,855 | (697) | $1,152 | ($3,874) | ($67,500) | 43 | |
| SHORT | 40.00 | SN1600C | SN1 | 15-Feb-2011 | 28.250 | (0.19) | (37,240) | (233) | $571 | ($3,984) | $13,000 | 107 | |
| SHORT | 50.00 | SN1200P | SN1 | 23-Dec-2010 | 42.500 | 0.17 | 43,286 | (330) | $573 | ($4,754) | $58,125 | 107 | |
| SHORT | 40.00 | SN1500C | SN1 | 23-Dec-2010 | 82.500 | (0.29) | (57,632) | (317) | $678 | ($5,026) | $93,250 | 107 | |
| SHORT | 100.00 | SK1500C | SK1 | 22-Feb-2011 | 11.250 | (0.15) | (72,973) | (882) | $1,724 | ($5,405) | $9,375 | 43 | |
| SHORT | 55.00 | SN1600C | SN1 | 8-Mar-2011 | 27.250 | (0.19) | (51,205) | (320) | $785 | ($5,478) | $15,125 | 107 | |
| SHORT | 60.00 | SN1500C | SN1 | 8-Mar-2011 | 45.500 | (0.29) | (86,449) | (475) | $1,018 | ($7,540) | $28,875 | 107 | |
| SHORT | 95.00 | SN1600C | SN1 | 22-Feb-2011 | 20.000 | (0.19) | (88,446) | (553) | $1,356 | ($9,461) | ($8,313) | 107 | |
| SHORT | 75.00 | SN1320P | SN1 | 3-Mar-2011 | 47.125 | 0.39 | 146,972 | (741) | $1,281 | ($10,532) | ($42,188) | 107 | |
| LONG | 50.00 | SN1200P | SN1 | 3-Mar-2011 | 15.250 | (0.17) | (43,286) | 330 | ($573) | $4,754 | $10,000 | 107 | |
| 1,502.00 | (0.01) | (100,042) | (8,231) | $16,038 | ($102,350) | $210,069 | |||||||
| LONG | 30.00 | WJ730P | WK1 | 22-Feb-2011 | 12.625 | (0.29) | (44,230) | 877 | ($958) | $824 | ($1,875) | 16 | |
| SHORT | 15.00 | WJ750P | WK1 | 8-Mar-2011 | 10.750 | 0.42 | 31,847 | (499) | $546 | ($466) | ($6,281) | 16 | |
| LONG | 20.00 | WJ780P | WK1 | 8-Mar-2011 | 23.500 | (0.62) | (62,096) | 634 | ($717) | $604 | $12,750 | 16 | |
| LONG | 100.00 | WJ830C | WK1 | 22-Feb-2011 | 25.625 | 0.15 | 74,012 | 1,855 | ($2,256) | $1,862 | ($105,000) | 16 | |
| SHORT | 100.00 | WJ880C | WK1 | 22-Feb-2011 | 13.500 | (0.04) | (22,003) | (732) | $905 | ($767) | $61,875 | 16 | |
| LONG | 30.00 | WJ880C | WK1 | 27-Feb-2011 | 17.250 | 0.04 | 6,601 | 220 | ($271) | $230 | ($24,188) | 16 | |
| SHORT | 15.00 | WN900C | WN1 | 9-Mar-2011 | 32.750 | (0.32) | (23,901) | (151) | $219 | ($1,145) | $0 | 107 | |
| SHORT | 10.00 | WN850C | WN1 | 9-Mar-2011 | 45.750 | (0.41) | (20,539) | (111) | $156 | ($829) | $0 | 107 | |
| SHORT | 10.00 | WN750P | WN1 | 9-Mar-2011 | 44.875 | 0.36 | 17,828 | (113) | $141 | ($795) | $0 | 107 | |
| LONG | 20.00 | WJ760C | WK1 | 9-Mar-2011 | 22.750 | 0.51 | 50,626 | 677 | ($740) | $633 | $0 | 16 | |
| LONG | 10.00 | WJ760P | WK1 | 9-Mar-2011 | 25.000 | (0.49) | (24,620) | 338 | ($370) | $316 | ($500) | 16 | |
| SHORT | 10.00 | WJ800C | WK1 | 9-Mar-2011 | 9.500 | (0.27) | (13,347) | (272) | $314 | ($262) | $0 | 16 | |
| SHORT | 25.00 | WN700P | WN1 | 23-Dec-2010 | 37.875 | 0.24 | 29,773 | (241) | $286 | ($1,659) | $16,250 | 107 | |
| SHORT | 18.00 | WN700P | WN1 | 8-Mar-2011 | 18.750 | 0.24 | 21,437 | (173) | $206 | ($1,194) | ($5,513) | 107 | |
| SHORT | 12.00 | WN800P | WN1 | 21-Jan-2011 | 58.750 | 0.47 | 28,497 | (140) | $184 | ($1,015) | ($7,725) | 107 | |
| SHORT | 10.00 | WN800P | WN1 | 26-Jan-2011 | 42.500 | 0.47 | 23,747 | (117) | $154 | ($846) | ($14,563) | 107 | |
| SHORT | 10.00 | WN800P | WN1 | 19-Feb-2011 | 38.125 | 0.47 | 23,747 | (117) | $154 | ($846) | ($16,750) | 107 | |
| SHORT | 10.00 | WN800P | WN1 | 27-Feb-2011 | 56.000 | 0.47 | 23,747 | (117) | $154 | ($846) | ($7,813) | 107 | |
| SHORT | 2.00 | WN850C | WN1 | 23-Dec-2010 | 89.125 | (0.41) | (4,108) | (22) | $31 | ($166) | $4,338 | 107 | |
| SHORT | 4.00 | WN850P | WN1 | 2-Feb-2011 | 57.500 | 0.58 | 11,608 | (44) | $62 | ($331) | ($9,425) | 107 | |
| SHORT | 12.00 | WN850P | WN1 | 8-Feb-2011 | 47.500 | 0.58 | 34,825 | (132) | $186 | ($994) | ($34,275) | 107 | |
| SHORT | 5.00 | WN850P | WN1 | 14-Feb-2011 | 45.625 | 0.58 | 14,510 | (55) | $77 | ($414) | ($14,750) | 107 | |
| SHORT | 15.00 | WN850P | WN1 | 15-Feb-2011 | 56.375 | 0.58 | 43,531 | (165) | $232 | ($1,242) | ($36,188) | 107 | |
| SHORT | 30.00 | WN850C | WN1 | 22-Feb-2011 | 65.375 | (0.41) | (61,617) | (334) | $467 | ($2,486) | $29,438 | 107 | |
| SHORT | 20.00 | WN850C | WN1 | 8-Mar-2011 | 52.750 | (0.41) | (41,078) | (222) | $311 | ($1,657) | $7,000 | 107 | |
| SHORT | 10.00 | WN900C | WN1 | 23-Dec-2010 | 73.500 | (0.32) | (15,934) | (100) | $146 | ($764) | $20,375 | 107 | |
| SHORT | 2.00 | WN900C | WN1 | 12-Jan-2011 | 66.625 | (0.32) | (3,187) | (20) | $29 | ($153) | $3,388 | 107 | |
| SHORT | 20.00 | WN900C | WN1 | 3-Mar-2011 | 57.000 | (0.32) | (31,868) | (201) | $292 | ($1,527) | $24,250 | 107 | |
| SHORT | 50.00 | WN950C | WN1 | 22-Feb-2011 | 36.875 | (0.24) | (60,722) | (434) | $652 | ($3,362) | $34,063 | 107 | |
| SHORT | 60.00 | WN1000C | WN1 | 23-Dec-2010 | 49.250 | (0.18) | (54,711) | (434) | $671 | ($3,428) | $98,625 | 107 | |
| SHORT | 6.00 | WN1000C | WN1 | 14-Feb-2011 | 63.125 | (0.18) | (5,471) | (43) | $67 | ($343) | $14,025 | 107 | |
| SHORT | 15.00 | WN1000C | WN1 | 19-Feb-2011 | 44.750 | (0.18) | (13,678) | (109) | $168 | ($857) | $21,281 | 107 | |
| SHORT | 30.00 | WN1100C | WN1 | 26-Jan-2011 | 39.250 | (0.10) | (14,918) | (141) | $227 | ($1,145) | $46,875 | 107 | |
| SHORT | 12.00 | WN1100C | WN1 | 28-Jan-2011 | 31.675 | (0.10) | (5,967) | (56) | $91 | ($458) | $14,205 | 107 | |
| SHORT | 30.00 | WN1100C | WN1 | 27-Feb-2011 | 18.875 | (0.10) | (14,918) | (141) | $227 | ($1,145) | $16,313 | 107 | |
| 778.00 | (0.03) | (102,575) | (836) | $2,041 | ($26,672) | $140,205 | |||||||
Please stop back for more on Nick's trading; as I am guessing the USDA report will add more things he needs to do; not take away.
Thanks for sharing this one, I will bookmark this page for reference. Can I ask something?
ReplyDeleteDo you have video presentation for this one? It would be great if you will also post it here.
Regards,
Terry