CL Redux

If we stay in this wedge for another 30 mins it forms a black hole and we start at zero. I just bought some 84 calls to hedge the break up so it will surly break down and I'll have just pissed away insurance money once again.
 
may be today is the time to buy cheap 79 puts so when it drops to 81
a) either you can sell puts for gain
b) or buy Longs at 81 having cheap 79 puts as insurance .


Quote from riskaddict:

If we stay in this wedge for another 30 mins it forms a black hole and we start at zero. I just bought some 84 calls to hedge the break up so it will surly break down and I'll have just pissed away insurance money once again.
 
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