Way to Trade Thru Options Plays

Heating Oil (October 2017)


Buy 1 GHOV7 105.00 Put for 0.0073 or better. The total risk is $306.60 plus commissions and fees.



The seasonal demand for the distillates like heating oil have variations in recent years due to exports. As a residential heating product, the seasonal factors had been used by traders for years. Recent years have drawn less demand for the heating oil as consumers may use alternative heating. While OPEC has decreased production, the inventories of energy products remain at highs. Refineries are expected to increase production of energy products by 800,000 b/d from Q2 to 81.1 million b/d according to the IEA . Refining should peak in August and decline in September thru October.


We monitor the options position and will attempt to double the premium on the trade.


The minimum tick is 0.0001 equivalent to $4.20.


To close the position!
Sell 1 GHOV7 105.00 Put for 1.0146 or better. The total dollar value would then be $613.20 less commissions and fees.


The Expiration of the option is September 9th, 2017


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This is a long shot as most options expire worthless. The odds favor the writer or granter of the option. The reason to buy options typically may be for the prescribed risk factor except in the case that an option goes into the money and is exercised. It would then become a futures position requiring margin.


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