Optionsellers.com

Good afternoon. This is James Cordier of OptionSellers.com with a market update for December 22nd and a look into the upcoming New Year. Over the last ten years, I’ve probably spoken to hundreds of new clients and one of the questions I would always receive is, “How are we able to sell options in commodities fifty and sixty and seventy percent out of the money when I can only sell stock options only five percent out of the money. The answer to that question is, “historic volatility in commodities.” 2016 will probably go into the record books as one of those years that has injected more historic volatility into the commodities markets more than probably any year that I can recall. We start with interest rates, then the Brexit. Then, a very surprising election outcome here in the United States. And last but not least is OPEC and non-OPEC nations in the world cutting production of oil for the first time in practically a decade. I would not call all these events this past year black swans, but the great majorit