After updating yesterday's slide http://justbuythefuckingdip.blogspot.com/2015/07/crude-update.html today saw another big drop 40t from 50.11 61.8% Fib tgt, saw CL options go $3.00 bid, would have peeled off final one there.
$830 cost X 4 = $3320 cost of trade.
Sell 2 @ $1.62 = $1580 profit
Sell 3rd @ $2.25 = $1420 profit
Unload 4h @ $3.00 = $2170 profit
Total profit = $5170 gain, not including commissions.
Further update: $PA target achieved. http://justbuythefuckingdip.blogspot.com/2015/06/palladium-breakout.html
Tuesday, July 7, 2015
Monday, July 6, 2015
Crude update
Well, from last post: http://justbuythefuckingdip.blogspot.com/2015/07/crude-pullback.html
Options spreads went berserk today. Mentioned on chat about $1.62 on CL spreads, USO spreads open $.57.
Peeling off some profits, CL options at $1.62 = $790 per contract, USO at $23 per contract.
As of time of this writing, CL option spread went $2.25 bid, would peel off 1 more $1420 profit; USO @ $.69
Options spreads went berserk today. Mentioned on chat about $1.62 on CL spreads, USO spreads open $.57.
Peeling off some profits, CL options at $1.62 = $790 per contract, USO at $23 per contract.
As of time of this writing, CL option spread went $2.25 bid, would peel off 1 more $1420 profit; USO @ $.69
Wednesday, July 1, 2015
Crude Pullback
Crude WTI $CLQ5
Price certainly boxed in as visible here:
A break out of this, to lower Fib regions seems logical IF a continuation higher is in the cards to $75.
Two ways to play this idea
1. Long /CLU5 vertical 55/50 Put spread for $.83, $830 per contract. Risk/Reward here:
2. Long Aug. USO vertical 19.50/18.50 put spread for $.34, $34 per contract. Risk/Reward here:
Price certainly boxed in as visible here:
Two ways to play this idea
1. Long /CLU5 vertical 55/50 Put spread for $.83, $830 per contract. Risk/Reward here:
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