I agree with your point of view. However I think the indexes will test their 2002-2003 lows, that's 7400 for the Dow. I think this will happen very soon. Dow is already at 8000. We're talking two 4% days and we're there. From there we rally hard and furious, gold & oil will go with it. I'm not sure oil has time to go much lower. time is ticking...
Long Oil into Opec Meeting - Your take
- Thread starter Broken_Trades
- Start date
I agree with your point of view. However I think the indexes will test their 2002-2003 lows, that's 7400 for the Dow. I think this will happen very soon. Dow is already at 8000. We're talking two 4% days and we're there. From there we rally hard and furious, gold & oil will go with it. I'm not sure oil has time to go much lower. time is ticking...
reading your posts you seems all to be experts.
a friend of mine just told me a bit about options and futures yesterday. He told me: that if he was buying an call option of HOf09 for exemple @ 1020 usd for 42 000gal. with an Strike price of 2.87 (god knows what that mean).
He show me on a chart that this particular option was at 1.97 dollards.
He then told me that every time this option will go up by one cent he will make 420 dollards profit.
today I look at the market and this option went up to 2.11 at one stage so if he would have sold his options at that time he would have made 14 time 420 dollards?
is that true?
and 1020 USD / 42000 gal = 0.0248...
so I it seems very confusing to me. can some one explain?
a friend of mine just told me a bit about options and futures yesterday. He told me: that if he was buying an call option of HOf09 for exemple @ 1020 usd for 42 000gal. with an Strike price of 2.87 (god knows what that mean).
He show me on a chart that this particular option was at 1.97 dollards.
He then told me that every time this option will go up by one cent he will make 420 dollards profit.
today I look at the market and this option went up to 2.11 at one stage so if he would have sold his options at that time he would have made 14 time 420 dollards?
is that true?
and 1020 USD / 42000 gal = 0.0248...
so I it seems very confusing to me. can some one explain?
reading your posts you seems all to be experts.
a friend of mine just told me a bit about options and futures yesterday. He told me: that if he was buying an call option of HOf09 for exemple @ 1020 usd for 42 000gal. with an Strike price of 2.87 (god knows what that mean).
He show me on a chart that this particular option was at 1.97 dollards.
He then told me that every time this option will go up by one cent he will make 420 dollards profit.
today I look at the market and this option went up to 2.11 at one stage so if he would have sold his options at that time he would have made 14 time 420 dollards?
is that true?
and 1020 USD / 42000 gal = 0.0248...
so I it seems very confusing to me. can some one explain?
a friend of mine just told me a bit about options and futures yesterday. He told me: that if he was buying an call option of HOf09 for exemple @ 1020 usd for 42 000gal. with an Strike price of 2.87 (god knows what that mean).
He show me on a chart that this particular option was at 1.97 dollards.
He then told me that every time this option will go up by one cent he will make 420 dollards profit.
today I look at the market and this option went up to 2.11 at one stage so if he would have sold his options at that time he would have made 14 time 420 dollards?
is that true?
and 1020 USD / 42000 gal = 0.0248...
so I it seems very confusing to me. can some one explain?
Thanks. I've been totally off yesterday and today. I can't get on the right side. It's very frustrating. The dollar doesn't know if it wants to pull back or make another attempt at going higher. Oil & Euro are in limbo as a result.
Oil is following the S&P and the Euro at the same time. Well now we're at a crossroads because Euro is in a downtrend and S&P broke out. So will Euro break out? If so dollar is down and oil is breaking out as well.
This is a big moment. If Euro & Oil breakout it will be a nice move up. A bear rally, before going back down...