http://www.reuters.com/article/marketsNews/idUSN1738486920090317 i dont really understand much about options as i never really looked into them.., but anyone have any views on which side will win today?? theres lots who wnat oil over 50, others want under 45.., 50s are winning, but they seem to have all just gone home early now! :eek:
my limit order closed my shorts at 46.65 last night ( most of them still few left ), that was good thing. i started new fresh shorts at 48.45 , expecting $1 give up from this price here is my view: broader economy outlook looking positive ( at least perceived) in few quarters , any uptick in economy the first sector to popup is energy every fund manger know this , i think this is the main reason for week pop. - option expiration today also causing this pop , as many big players are option sellers they wanted all puts ( which small traders bought for last 1 month ) to expire worthless - today oil volume is 1/2 of usual daily volume for this one hour period 11-12 EST , which may be indication 48.50 is running out of steam having said that , I am putting floor for oil price $45 for this week and next week. The overall high level sentiment is bullish for oil .
Oil option works exactly like stop option , you have same oil put , call options similar to stocks. here is good tutorial http://www.investopedia.com/university/options/
Oil option works exactly like stock options , you have same oil put , call options similar to stocks. << typo corrected >>
its not doing a head n shoulders, and so im gan switch to candles charts to see the selling vs buying for abit. i really want to see april contract hit 50.09 today though
i'm stepping onto the sidelines here, you guys are scaring me with talk about options expiry. if oil spikes i'll try another short.
i think its gana float downwards maybe 40ticks over next few hours, but in last half hour upspike to over 50.09 so gna try getting some porn watching in quick for teh next 2hours till the last half hour.