CL Redux

Quote from tstones:

Hohoho, CL is back as we knew it.

But how long will it last. We've been teased a couple of times. If the ovx can get above 25 and stay there it will make my life a lot easier.
 
agreed. the ideal condition is consistent moderate volatility.

Quote from riskaddict:

But how long will it last. We've been teased a couple of times. If the ovx can get above 25 and stay there it will make my life a lot easier.
 
It will take a really bad inventory report again next week for this thing to get below 90 but the dollar seems to be holding up pretty well considering the ramifications of this horrible news.

If this thing gets below the weekly TL like it almost did in feb 86 would be a conservative estimate.

I'm a little dejected that vol just crumbled around noon but I'm going to see if it's something to take advantage of and by some cheap june puts
 
Does this thing spike if N.Korea starts shooting rockets off? Wouldn't it be funny if they were sitting on huge oil reserves that nobody knows about because we can't get to them.
 
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