Crude Oil

jokertrader said:
So if it gaps 3 bucks that’s 21k loss. I agree in that even if he sells anything or sells calls that 21k loss is locked in unless he wants to ride this until Thu when Texas commission might choose to cut and it bounces back. This is certainly not a strategy for trade but if he wants to hold until it goes to 20 and he thinks it will come back up... peace... but in general I agree a loss is a loss no strategy will help with that
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And it's scary that a 3 down gap is a very possible reality.

I don't know what I would do honestly.
 
Where was WTI trading before the exaggerated Trump tweet caused the algos to drive futures up 25%? That's probably your worst case scenario. I doubt we open up lower than $22 Sunday evening.
 
Man, you guys are late to the party. Don't be left holding the damn bag. There will be a shakeout and CL will likely fall back down to $20 (or even lower) before making its ascent again.
 
VolSkewTrader said:
Where was WTI trading before the exaggerated Trump tweet caused the algos to drive futures up 25%? That's probably your worst case scenario. I doubt we open up lower than $22 Sunday evening.
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WTI on May was trading around $20 to 21 before the tweet. It shot up to 29 before settling back down to blah, 26ish on settlement?
 
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