CL Redux

after a glance at the chart, I would rather short coffee than go long. it is nearing the bottom made in dec 2008, but for all i know might smash right through that. Would wait for a sign before going long, maybe a 2b.
 
Quote from riskaddict:

I use JO
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don't know if you listen to Tom and Tony on Tastytrade but a guy called in today and was recommending JO and /KC. Their hesitation in putting on the trade was low trading volume also you can't trade the futures options even tho they are shown. I found it pretty interesting and thinking of taking a trade ...short the 22 put on JO. Will watch it for a bit tho.

need to wait until my CL trade is clear :)
 
For all those LONGs book profits at these 95.20s and Relax for a day

Quote from InvestVision:

Small error from my side , for Crude Correct data is as follows.

Crude Oil : +0.8 vs. +2.5 ( all Million Barrels)

that is Crude small BUILD of +0.8 MM Barrels

Still the over all report is Bullish , compared to 5 MM Barrel Builds we had for last several weeks .
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Quote from RichardRimes:

don't know if you listen to Tom and Tony on Tastytrade but a guy called in today and was recommending JO and /KC. Their hesitation in putting on the trade was low trading volume also you can't trade the futures options even tho they are shown. I found it pretty interesting and thinking of taking a trade ...short the 22 put on JO. Will watch it for a bit tho.

need to wait until my CL trade is clear :)
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just to clarify, on TOS/amtd they offer the straight futures and show the futures options /KC...you can go long or short the future just right now can't trade either the call or put option.

JO is a tradable equity both the puts and calls. fwiw I find selling puts a conservative long. If you buy a call you have to be 100% right so much more aggressive play.
 
Quote from riskaddict:

would 95.60 be asking to much today?
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Maybe not :D

Sorry about the off topic coffee post. No doubt KC could get to 98 as the world is swimming in beans and if it does i'll just buy more. Reversion to the mean trade :eek:
 
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