Tuesday, July 7, 2015

Crude Options, 2nd update; Palladium

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

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