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Wake me up in an hour.Or when WTI hits $45.0
Nice move for DWT today.
Sounds too smart. Rolled some of this week expiry out a couple of weeks.
lol.Exactly. I yelled so loud yesterday, I took another nap.
Yup. Good stuff so far!
Better? Maybe, if you ignore the infinite risk.
Nice,stable close under $47 for Sept.contract.And shooting star doji on the daily.Good stuff IMO.
Hedge. Being worry-free is the best reason to hedge. Napping is a bonus.
lol. He's always borrowing it anyways. Besides, I was taking a nap.
Looks like BOS timed it pretty well!
Decay 'kicks-in'.September contract now showing in most quotes. This is why the long side products are down even though WTI is just above yesterday's closing price at $47.12
Nice work.Try a little louder: CUE THE DUMP!
Let's try again: CUE THE DUMP!!
Too bad it's not happening though! Seems like Big Shorts on vacation right now...
Agreed on crazy.Looks like capitulation to me.Coupled with the narrow contango...I think it's time to cue the dump!
Contango tightened again. 6 months with less than $1 spread. --excluding Aug now no longer front month.
Could still happen.Just glad I didn't 'bet' before the report.
wow. whippety-whipsaw!
Added big. DWT and puts.
Right or wrong...bought the peak with short products and puts.
I understand the concern. Still near-term upside risk. I think larger framework still bearish, though.
I think buying the reaction spike, if any, might produce the best yield.
Just a bit bullish.Might place side bet *after* EIA posts this week.
Crude: +1,628.0MM,Gasoline: -5,448MM Distillate: -2.888MMCushing: +0.608MM
Nice API reaction dip.
Nice action so far today.Added premarket $31.3X.
Looks like. At least so far.
Good morning! I'm hoping the short covering last week is done. Hedged if it isn't...
Last 2 times it cleared the 50MA...didn't amount to much. Not expecting much different here. $48-$49 even $51 wouldn't surprise me. Hedged for any of that. Just not gonna position for it yet. This sort of price action has a tendency to lure the bulls in.
I still want to see better signs of topping and rejection.
Agreed. Almost pulled the trigger on overweight protection. So far, glad I didn't.
small add for me today...already have shares near this price range.
Still looks 'propped-up' to me.Contango really narrow. Only 32cents between Aug and Oct. Move up today on pretty low volume.
No adds for me today.Rolled some old protection for chump change.
Nah.Gonna be a fun close, I think!
Smells like whipsaw coming!
Same here and cue that DUMP!
I was thinking it calmed down sort of.Cashed some post report puts for 2x(+100%) not bad for a lazy day of work!
Wish that were true, my friend! I got yesterday all backwards...
lol.Daily black candles for all long side if WTI closes above yesterdays close at $45.04. not expecting lower than that. But watch out for tomorrow and the rest of the week.
Good time to buy weekly expiry. hint-hint.