You might have the "tilt" gene. 7 CL's is pretty f'ing crazy.
I'd just trade vertical spreads.
A couple of things I'd be interested in:
1) Do you leg verticals or just fill a fly combination order?
2) Do you trade index call flies...
I think this guy is pushing all the buttons this AM
The crude (oil) missile just launched. Throwing the kitchen sink at it.
I kept last Thursday in mind. Similar backstory.
Unlike the plunge from Feb thru late March, this latest move lower has alot of shorts involved and these bear ripper spikes are not for the faint...
Thomas Dolby "She Blinded Me with Science"
Spooz Top would call this "stealing the move".
I doubt you could isolate it to ONE figure and why bother. It will be a combination of economic figures no one had ever imagined possible....
And your deep OTM calls are still not in the green.
Just screaming buy everyday isn't a strategy.
Some classic tracks in your neck of the woods.
It looks to me (tentatively) the see-saw of alternating closes. I had a mental note of that 3/24 large bar close, which was tested right at that...
Thread title is OP's "mea culpa".
Ummm, one of those firms no longer around.
Speaking of leveraged ETF decay, the JNUG/DUST debacle should be an eye opener to the hazards of mega volatility and how badly those things blew up.
TZA correct? I just use the micro's in various quantities if I want to hold a Russell short.
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