CL Redux

[schizo]

<s>We should be hitting 72.50 or thereabout in no time. That should mark the low methinks.</s>

Scratch that.

 

[schizo]

Quote from schizo:

Recharging at 73.73

Out 73.70

Can't believe I gave back all that profit!

 

[Speciaul_K]

Quote from schizo:

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.

Might hedge out calls at the close

 

[Speciaul_K]

Quote from Norman_Shey:

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.

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? [/QUOTE]

That put is up 110% in less than 12 hours. [/QUOTE]
The 75c went from 1.45 to .45
I was looking at it more of not getting killed if wrong. But didn't expect so far so fast

 

[schizo]

Out completely 73.31

Now I need to drag my ass to bed. Y'all have a nice weekend!

 

[Speciaul_K]

Whats everyones take on old trendlines? Do you guys still look at them as being support?

 

[heech]

Don't forget, EIA in 3 minutes.

 

[heech]

Quote from heech:

Don't forget, EIA in 3 minutes.

Pretty tame EIA response. I guess everyone was already off to better things. My CL pit broker on Wednesday didn't even realize it had been rescheduled to today until I mentioned to him.

 

[Speciaul_K]

Quote from heech:

Pretty tame EIA response. I guess everyone was already off to better things. My CL pit broker on Wednesday didn't even realize it had been rescheduled to today until I mentioned to him.

Anyone know the whole report? Build or draw in rbob and ho?

 

[spd]

Quote from heech:

PreMy CL pit broker on Wednesday didn't even realize it had been rescheduled to today until I mentioned to him.

me either, didnt even realize something was up until after the violent move in NG. Feel like a fuckin idiot.