21 April, 2020 seen 40Trading week 16/2020 lasted from April 13 until April 17, 2020. After five positive weeks, this week comes with a loss…
There are a couple of ways some might get exposed to the oil market, you could go with futures, ETF's or individual stocks.
In this article, I will share an example on how some could sell options on individual stock - a stock I've been selling options with mixed success in the past - RDSA - or Royal Dutch Shell
Royal Dutch Shell PLC, commonly known as Shell, is a British-Dutch oil and gas company headquartered in the Netherlands and incorporated in the United Kingdom. It is one of the oil and gas "supermajors" and the third-largest company in the world measured by 2018 revenues (and the largest based in Europe).In the 2019 Forbes Global 2000, Shell was ranked as the ninth-largest company in the world (and the largest outside China and the United States), and the largest energy company.
RDSA can be traded on London, Amsterdam and New York Exchanges. I prefer trading RDSA: AEX (Amsterdam), but that's very individual.
For trading options on stocks, I keep a trading journal in Google Spreadsheets
RDSA Trading Journal
I started selling ratio back spreads in March 19, 2020. (Just after the big crash in the stock market caused by Covid19)
After one month of trading, I had 24 postilions on RDSA, but as I was trading ratio back spreads, these are actually 12 positions. Still a lot, but this is not the subject of this article.
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