CL Redux

[schizo]

Quote from schizo:

Short again 77.26

Out 77.10

 

[riskaddict]

added another short 77.20

 

[schizo]

On the settlement date, does CL expire at the open or at the close?

 

[EON Kid]

Quote from schizo:

On the settlement date, does CL expire at the open or at the close?

Seems like 2:30 pm EST of


Trading in the current delivery month shall cease on the third business day prior to the twenty-fifth calendar day of the month preceding the delivery month. If the twenty-fifth calendar day of the month is a non-business day, trading shall cease on the third business day prior to the last business day preceding the twenty-fifth calendar day. In the event that the official Exchange holiday schedule changes subsequent to the listing of a Crude Oil futures, the originally listed expiration date shall remain in effect. In the event that the originally listed expiration day is declared a holiday, expiration will move to the business day immediately prior.

 

[riskaddict]

covered 2 at 77.12

 

[riskaddict]

covered other 2 at 76.96 on to the next month

 

[mgmaggie]

You guys play CL so tight how often do you end up getting stopped out?

I try and play it for between 30 and 50 cents with one or two contracts.

I still can't believe CL has not dropped considering gold. I know it is options expiry but holy cow.

 

[NoDoji]

Quote from mgmaggie:

You guys play CL so tight how often do you end up getting stopped out?

Still only sim trading CL; I use a .20 cent stop and stopped out for the full loss only about once every 8 trades.

 

[Speciaul_K]

Quote from EON Kid:

Seems like 2:30 pm EST of


Trading in the current delivery month shall cease on the third business day prior to the twenty-fifth calendar day of the month preceding the delivery month. If the twenty-fifth calendar day of the month is a non-business day, trading shall cease on the third business day prior to the last business day preceding the twenty-fifth calendar day. In the event that the official Exchange holiday schedule changes subsequent to the listing of a Crude Oil futures, the originally listed expiration date shall remain in effect. In the event that the originally listed expiration day is declared a holiday, expiration will move to the business day immediately prior.

You have to close out CLH10 by 2.30 est time on 2/22/2010 .. Depending on who you are clearing through you might get a phone call if you have a position that day or the day before. Some will close you out without calling you. Not worth messing with

 

[usman88]

Heavily short 77.70 avg April contract