Gary LeBlanc

rog1111 closed CL spread position...

 

Edited April 3, 2020 by OilProspector

9 hours ago, OilProspector said:

rog1111 closed CL spread position...

 

Thanks OP. I plan to hold the RBOB spread for a few months, I'm looking for parity, but will monitor CV19 developments

Gary LeBlanc Portfolio: Expiration of Options on 04/16/20 (May Series)

Edited April 16, 2020 by OilProspector

Where did all of Gary's cheerleaders go? Hummmm... they must be out looking for a job. And I will say it again... in trading "There Is No Free Lunch". Period.

Well... ok... HFT crooks get the free lunch.

What you Should Know about High Frequency Traders Amidst COVID-19

https://www.nasdaq.com/articles/what-you-should-know-about-high-frequency-traders-amidst-covid-19-2020-04-08

 

 

Edited April 18, 2020 by OilProspector

Okay...I love taking chances and will put in a trades on Monday...still learning yet I have been trading for 26 years

No matter what you do, trade, invest, etc there is no free lunch, however luck does come into play.  Smart guys recognize luck (good and bad) for what it is.  The way to make money is to stay ahead or as near to the front of the market as you can using ones analytical skills and understanding of dislocations to see/recognize opportunity before the lemmings do.

On 4/18/2020 at 12:25 PM, Paul k said:

Okay...I love taking chances and will put in a trades on Monday...still learning yet I have been trading for 26 years

Well Paul... did you put on a trade?

Gary LeBlanc Portfolio: CLK20 expiration on 04/21/20 (May Series complete)

** Split final price based on high/low of the day ((-16.74) - 13.86)

Edited April 21, 2020 by OilProspector

Why OptionSellers.com Blew Up Their Hedge Fund

On 4/2/2020 at 4:17 PM, rog1111 said:

July v Aug RBOB is trading at a large discount. I'm assuming it will narrow by Summer, due to improving US virus scenario and a little bit of seasonal impetus. Therefore:

Long 6 RBN0 at 0.7029

Short 6 RBQ0 at 0.7566

It's a waiting game for sure, so we'll see

I decided to get out of this one this evening while ahead. Not my original plan to hold well into June, but summer demand seems increasingly uncertain, so time to re-think and move on.

STC 6 RBNO at 0.7154 ave

BTC 6 RBQ0 at 0.7403 ave

As futures spreads are going a bit off topic here, I'll post future trades on another thread.

Edited April 27, 2020 by rog1111

Initiated positions and will scale in with oil at 12 in USL and XLE, TD Ameritrade won’t let me trade June or July WTI contracts

I was reading this thread page by page from page 1. Just thinking, "What will it look like in late Feb and then Early March, Mid March, Early April, Mid April, and now?"

Rather than going the long route after 5 pages, I jumped right to the end.

Reading early, Gary Leblanc's entire strategy was simply buy a future and sell covered calls against it? 

Try to buy your way out early at ~25% of the value and sell another covered call for another week out OR roll the money into a new future.   

Only issue, and it seems to be fully presented here:  No downside protection? (at all?)

9 hours ago, Chris Tarjeft said:

I was reading this thread page by page from page 1. Just thinking, "What will it look like in late Feb and then Early March, Mid March, Early April, Mid April, and now?"

Rather than going the long route after 5 pages, I jumped right to the end.

Reading early, Gary Leblanc's entire strategy was simply buy a future and sell covered calls against it? 

Try to buy your way out early at ~25% of the value and sell another covered call for another week out OR roll the money into a new future.   

Only issue, and it seems to be fully presented here:  No downside protection? (at all?)

My first thought was hummm... (sarcasm alert) let me read the last chapter of this novel and then ask a bunch of questions about what happened in the book. 😉

Yep... Gary was unfortunately full of hubris. For someone that said they previously lost $1.6MM he seemed to forget all about that. He traded as though a "Black Swan" could never happen. Oh well. Another one bites the dust.

 

Edited April 29, 2020 by OilProspector

On 4/27/2020 at 2:12 PM, rog1111 said:

I decided to get out of this one this evening while ahead. Not my original plan to hold well into June, but summer demand seems increasingly uncertain, so time to re-think and move on.

STC 6 RBNO at 0.7154 ave

BTC 6 RBQ0 at 0.7403 ave

As futures spreads are going a bit off topic here, I'll post future trades on another thread.

Nice trade!

11 hours ago, OilProspector said:

My first thought was hummm... (sarcasm alert) let me read the last chapter of this novel and then ask a bunch of questions about what happened in the book. 😉

Yep... Gary was unfortunately full of hubris. For someone that said they previously lost $1.6MM he seemed to forget all about that. He traded as though a "Black Swan" could never happen. Oh well. Another one bites the dust.

 

Gary was arrogant, he lashed out at me and others on investing.com, I always called him out on his terrible trades and he simply accused me of being a fraud, like I always said, the arrogant never last.  

On 4/29/2020 at 4:10 PM, OilProspector said:

Nice trade!

Thanks OP. Despite huge movements in the absolute price of RBOB, particularly the front month, the Jul/Aug spread was pretty steady

On 4/29/2020 at 6:07 PM, Mark McAnallen said:

Gary was arrogant, he lashed out at me and others on investing.com, I always called him out on his terrible trades and he simply accused me of being a fraud, like I always said, the arrogant never last.  

Sure seems like "John Mackenzie" is the alter ego of Gary Leblanc. Hummmm.... 

On 5/6/2020 at 11:06 AM, OilProspector said:

Sure seems like "John Mackenzie" is the alter ego of Gary Leblanc. Hummmm.... 

My thoughts exactly!

On 5/6/2020 at 11:06 AM, OilProspector said:

Sure seems like "John Mackenzie" is the alter ego of Gary Leblanc. Hummmm.... 

Who are you on there sir?

On 5/8/2020 at 3:47 PM, Mark McAnallen said:

Who are you on there sir?

Not sure I understand your question. Please elaborate.

Edited May 11, 2020 by OilProspector

2 hours ago, OilProspector said:

Not sure I understand your question. Please elaborate.

Your screen name on investing?

21 hours ago, Mark McAnallen said:

Your screen name on investing?

Gotcha... SineWaveTrader

Gary LeBlanc Portfolio: Expiration of Options on 05/14/20 (June Series)

Gary LeBlanc Portfolio: CLM20 expiration on 05/19/20 (June Series complete)

Gary... now that some time has passed have you changed your method going forward? Gary... Gary... Gary...  ?

Massive Market Losses? Elect 475 For Enormous Tax Savings (Live Updates)

https://greentradertax.com/massive-market-losses-elect-475-for-enormous-tax-savings/

Edited May 27, 2020 by OilProspector