Recent content by JFonseca

Hi, I have recently seen a good article about naked selling put options. I am based in Belgium and I would like to know if there is any European broker where I can do this. Or if it is not possible to do it, can I open an account in an US broker? Will I pay taxes both in US and Belgium...

Closed yesterday morning my positions with a significant loss. This was a very expensive Oil trading course. WisdomTree WTI Crude Oil (CRUD) bought at 2,90 sold at 2,47 WisdomTree WTI Crude Oil 2x Daily Leveraged (LOIL) bought at 3,01 sold at 2,21

How low do you believe JUL20 can go? I thought that this would be close enough to profit $$$ and far enough to avoid the immediate risk of cushing storage be completely full. Do you think I have still a chance of recovering part of the losses or should I dump it in the next spike? I still have...

CRUD is following BCOMCL. BCOMCL has rolled over from May20 to Jul20 and in August will roll over to Sep20. And in October will roll over to Nov20. In my point of view this: 1- Reduces the impact of Contango 2- Reduces the impact if SPOT price goes negative in May or June (until third Friday of...

A lot of arguments have been made about the impact of Contango on OIL ETFs. I have done a lot of back tests and the point is that if you believe that WTI will go to 40USD or higher (more than doubling its price) both USO, CRUD and LOIL seem to be good bets. BUT, they probably won’t be able to...

Where *** where you read OIL it should be USO *** Sorry

I have done a back test in the period from 23rd April 2007 to 1st July 2008. In this period the situation was similar to what I think we are facing. CL will more than double its value within an 18 months time frame. In this period CL gained 114% OIL gained 124% BCOMCLTR gained 121% CRUD gained...

The ETF that I am using DOES track the Oil price changes very closely. I have put the 2 prices on the same chart and it is almost perfect. Even with the expenses it follows very closely, which it is a great performance from my point of view. The KID says: “WisdomTree WTI Crude Oil is designed...

Usually companies track very well when Oil goes down but very badly when goes up. Also a company can go to bankrupt, have bad management, too much debt, etc

I believe that it will not go bellow 15USD, but I admit that it can go as low as 10USD. That's why I only have 15% in the leveraged ETF. If it gets to 15USD I convert everything into the leveraged one.

40USD is break even price for most countries. The prices are at these levels because the prince wants to get more market share and was willing to sacrifice income for some time. Putin was not too worried because he also could survive this price war for long time. US Shale is the weak link in the...

I looked at CRUD history and it seems to track quite well the performance of CL. Contango effect is probably the biggest doubt that I have. Today I might have observed that - while CL was more or less constant both CRUD and LOIL were slipping (few cents).

The reason why I am so confident in this strategy is that all oil producing countries, except Mexico, need to have 40USD. If the 20USD stays for long, shale will go broke, Saudi Arabia will increase debt and even the all mighty Russia will start to feel the pain. I believe that Saudi and Russia...

Ok, lets put the money where the mouth is and call my shots. I put 50% of my account in Oil and used the following ETFs: 85% in WisdomTree WTI Crude Oil (CRUD) bought at 2,90 15% in WisdomTree WTI Crude Oil 2x Daily Leveraged (LOIL) bought at 3,01 I am betting that WTI doesn't go bellow...