What You Need to Know About Daryl Rebeck, LexaGene’s New President

What You Need to Know About Daryl Rebeck, LexaGene’s New President

daryl rebeck canadaDaryl Rebeck is a known personality in the business field particularly in medical and mining related businesses. With his appointment as the new president for LexaGene Holdings Inc. many individuals are wanting to know more about this prominent company’s new President.

First and foremost, Mr. Daryl Rebeck was born and raised in Canada and had attended the University of Manitoba, Red River College where he attained his Bachelor’s Degree in Business Administration. Shortly after graduation, he joined several small companies and eventually ended up with Canaccord Genuity Inc where he stayed for 14 years. He held the positions of Senior Investment Advisor and Vice President from December 1999 to November 2013. Being part of Canada’s largest independent full-service financial service firm gave him an edge and therefore becoming part of Cayden Resources as a consultant from November 2013 to September 2014 before the company was sold to Agnico Eagle Mining Limited for 205 million dollars in November of the same year. Finally, he joined Auryn Resources in November 2013 to January 2017 serving as its Senior Vice President for Corporate Finance before accepting the Presidency position for LexaGene in the same month.

He, however, is still with Auryn Services up to the present time, staying as their Advisor to Corporate Finance…

With his experiences in different fields, he gained a vast amount of knowledge and expertise in and out the medical field to equip him well as the new President of LexaGene. Being the former Vice President and Senior Investment Advisor for Canaccord Genuity, he was responsible in raising significant risk capital for different companies. During his stay, he particularly focused on medical technology and natural resources. This paved way for him in gaining background knowledge and expertise in the field. Furthermore, before accepting the post of President, he was also a director for LexaGene already. His outstanding performance and brilliance led him to being eventually offered the position.

With Mr. Daryl Rebeck taking post as President for LexaGene, we do expect to see more of the company’s growth in the coming years. LexaGene Holdings Inc is known to be one of the pioneers and leading companies in the field of biotechnology. They are focused in developing a fully automated pathogen detection platform featuring unprecedented sensitivity and speed. We are hoping that their aim in transforming multi-billion dollar markets like water quality monitoring, aquaculture pathogen surveillance and food safety in the prevention and diagnosis of diseases will finally come into fruition. The company’s CEO, Mr. Jack Regan is working hand in hand with its new President in reaching their goals. With both their efforts and dedication, we should expect great things from them.

Discover how Selling Commodity Options can Supplement your Income

Discover how Selling Commodity Options can Supplement your Income

A friend told me that 80% options expire worthless. He also add; if you want to be a successful option trader, you should be selling options not buying them. I don’t know if it’s true that 80% options expire worthless. But I do know that you can make decent added income by selling options (especially selling commodity options). How decent? Two to five percent per month is my target. In this post, I will detail the step by step process of how commodity options trading can be used as your supplementary income.

This is my bread and butter trading strategy, and I love it because of its simplicity. Okay. Here’s how I do my analysis:

Keep a List of 15-20 Commodities and Track Them Closely

Create a watch list of 15 to 20 commodities and analyze them. You need to have at least some general opinion of the market.The beauty of selling options is that you don’t need to predict where the market is likely to go. You only need to predict where the market is unlikely to go. If you’re bullish on your analysis, then the market is unlikely to go lower and vice versa. It’s that simple.

Calculate the 3 month Average True Range (ATR)

Once you have a general opinion of where the market is unlikely to go, calculate the three month Average True Range (ATR). ATR is a standard indicator – included in most trading platform – that tells you the price movement of the last period. Why use three month? I’m being conservative. In case I’m wrong with my opinion on the market, I will still have some margin of safety. If you’re confident with your analysis, you can use a two months or one month ATR. Okay, I have my ATR. What do I do with this number?

Select your Option Strike Price

Your ATR is your margin of safety. The option that you’re selling should be at least one ATR away from the current price. Say for example that Crude Oil (CL) is trading at $93, and you’ve calculated the three months ATR as 7.00. If you’re bullish on CL, you should aim to sell put option at 86.00 strike price ($93 – $7). If you’re bearish on CL, you should sell call at strike price of 100 ($93 + $7).

Select your Expiration Month

Go with options that still have 30 – 45 days until expiration. To sum up; get a general opinion on the market, calculate three month ATR, sell your option one ATR away with 30 – 45 days until expiration. That’s it.

Your Exit

Take profit and exit the trade if your option premium is worth less than 10% from its original value. If you sold an option for $5 and now it’s only worth $0.5, take profit by buying back your option. If you’re wrong on the direction of the market (and you will eventually), cut your loss when your option have doubled in premium. For example, if you sold an option for $5 and now it’s worth $10, cut your loss and exit the trade. Don’t look back. What I have described above is what I do when I want to sell option. It has worked for me, but I can’t guarantee it will work for you. You’re welcome to use my method, but use it at your own risk.