Options trade for weekly income filled.

I started off the week with a 3.32% return on investment. Earning USD cash is more valuable here in Argentina after extreme ARS (Argentine Peso) devaluation over the last week, more so than usual.

I’m clearly a big fan of trading options on energy stocks.

I woke up thinking that today I could make some income given the spike in oil due to the significant events that unfolded over the weekend (and are obviously continuing).

The oil spike didn’t result in a high enough spike in one of my regularly traded stocks. However, a nice move in another energy sector prompted me to write some income through options.

The trade is a 3.32% return on $9,872 USD over 4 trading days.

Below is the exact trade and why I placed it.

It’s become a better trade since publishing this post.

I’ve also written some Argentina commentary from on the ground as the ARS (Argentine Peso) faces even more than usual extreme devaluation against the USD.