CL Redux

Quote from Speciaul_K:

Inventory is today at 11am est
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Not because I'm neck deep short, but no matter what the numbers say, I think they'll push this market down anyway.
 
Quote from schizo:

So what do you folks have for the LOD today? I'm betting for the low 72.
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Full weekly retracement. We have taken out all the supports already. Last one was 7345
 
Quote from schizo:

Not because I'm neck deep short, but no matter what the numbers say, I think they'll push this market down anyway.
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There are more longs than shorts to hurt today. So its gonna sell and im not gonna cover till next week
 
Don't forget we have the 3-day weekend. I wouldn't let my guard down if I were you. You don't know what these sneaky bulls are capable of.
 
Quote from Speciaul_K:

Quote from Norman_Shey:

Quote from Speciaul_K:

CL.
I was going to buy 75puts at the close but they were at 1.10
They expire in 11 days I believe. 74puts were .85 .. Lotta premium for 11days
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Lot of premium? Do you remember that just yesterday at 8am CL traded 72.60? That is only 36 hours, for 11 days (ignoring a directional bias) that doesn't sound like enough to me.
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With the market moving up 6$ so far this week I would think the 75put would be at .85 if there was strong conviction that we are going to move higher. Good example was last Friday I bought 70$ puts for .90 before the market broke lower. After the market broke lower I sold them for 1.65.. If I would have waited 5minutes longer they were going for 2.20.
Maybe they just price higher for were the market has been?
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That put is up 110% in less than 12 hours.
 
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