Quote from RedSun:
Where were all the CL traders?
I guess these big channels are to boring for everyone. I was disappointed we didn't get follow though from Friday to push it towards 98. I guess one more freaky strong number like last week could do the job. I've been strangling 102/88 for AUg and straddling 97 in sept and fading the morning vol spikes. This afternoon I just got out of all the strangles because even if we get another 2% dip in vol it ain't worth it. All I know is if this bitch gets above 98 we should see 102 in about 15 mins thereafter
That is when you would want to buy some cheap ass puts and go do something else for a month. Of course it is never that easy and it will probably go to 93 by the end of this week. NG is where the action is at
or the aussie dollar