Chesapeake Energy Corp (CHK)

[Crusen]

It means he doesn't like me because I see him making some wild predictions sometimes and say so.

Because it can be dangerous listening to people on ihub especially the ones who are often irrational.

For instance, some cry manipulation every time they don't understand something, instead of trying to understand the fundamental reason for the move....

To summarize clearly: I believe your 9 calls to be a precarious position where a clear move down in oil prices would leave you exposed to a 100% loss.

However, oil will probably hang in there more or less giving you opportunity to sell them for a profit. It's really hard to say though, and the physical glut has been increasing.

OPEC is the wildcard here. Nobody knows which way the meeting will go...if they do not agree, prices will go down into the 30s, so you should be ready for that possibility.