Crude Oil

[farmerjohn1324]

CLV 20 is 34.24 what price did u buy at? You know u can always sell CLX20 at same size or whatever ratio and reduce your margin immediately and protect from downside
If let’s say u have 7 long and sell 5 short u still make money on upside but don’t loose as much on downside and can help u get out without being in panic

I bought 2 @ 33.94, and 5 @ 34.01. Average = 33.99.

 

[S2007S]

If this does happen I'll buy the 5 calls again in USO. I did last week and thurs and fri they skyrocketed. So will try again. But to me Carter sounds like a good 20% drop. And along with it I'm sure markets will fall to



Oil set to ‘crater’ Monday as OPEC meeting delayed, tensions flare between Saudi Arabia and Russia



https://www.cnbc.com/2020/04/04/oil...ns-flare-between-saudi-arabia-and-russia.html

 

[farmerjohn1324]

If this does happen I'll buy the 5 calls again in USO. I did last week and thurs and fri they skyrocketed. So will try again. But to me Carter sounds like a good 20% drop. And along with it I'm sure markets will fall to



Oil set to ‘crater’ Monday as OPEC meeting delayed, tensions flare between Saudi Arabia and Russia



https://www.cnbc.com/2020/04/04/oil...ns-flare-between-saudi-arabia-and-russia.html

I read the same article. That's what's got me scared.

Who knows what it will open at on Sunday night.

 

[jokertrader]

It’s tough if market gaps down which it might. If small loss get out or u can sell calls if it gaps down hard or u can sell the X contract though your loss will be locked in as soon as it gaps down

 

[S2007S]

I read the same article. That's what's got me scared.

Who knows what it will open at on Sunday night.

I believe and easy 15%. These countries can keep oil as low as they need to. Right now the oil industry here in the US is done...there will be hundreds of thousands of layoffs in the next 2 months. What once everyone thought was peak oil was just a joke. There was never ever peak oil, the just sounded the idea that there was and now we have so much we dont know what to do with it.

 

[PoopyDeek]

CLV 20 is 34.24 what price did u buy at? You know u can always sell CLX20 at same size or whatever ratio and reduce your margin immediately and protect from downside
If let’s say u have 7 long and sell 5 short u still make money on upside but don’t loose as much on downside and can help u get out without being in panic

WTF would you have him short the V/X switch? You COVER the Oct.

 

[S2007S]

Something is not right

Why when we have nurses doctors and volunteers, why is he sending military? What's the purpose here????


Trump says 1,000 military personnel are deploying to New York City to fight coronavirus
PUBLISHED SAT, APR 4 20204:33 PM EDTUPDATED MOMENTS AGO




President Donald Trump on Saturday announced that 1,000 military personnel are deploying to New York City to help fight the coronavirus.

“We’re taking people now out of our military. We’ve been doing it but now we’re doing it on a larger basis,” the president said at a White House press briefing.


https://www.cnbc.com/2020/04/04/tru...ng-to-new-york-city-to-fight-coronavirus.html

 

[farmerjohn1324]

It’s tough if market gaps down which it might. If small loss get out or u can sell calls if it gaps down hard or u can sell the X contract though your loss will be locked in as soon as it gaps down

I would need the margin available to sell 5 new contracts, correct?

 

[Overnight]

I would need the margin available to sell 5 new contracts, correct?

Yes, that is the given on it. And who knows if Schwab offers discounted day-trade margins.

 

[PoopyDeek]

I would need the margin available to sell 5 new contracts, correct?

Dude, please. You're spreading short the V/X calendar which reduces your req on the five lot by >80%. Add insult to injury on this sim-trade by shorting Nov?!

Cover your Oct sim-trade on the open. Show us the blotter.