MAY crude oil PUT options strike price 45.0 are trading at 32 cents , these will expire on APR 16 th , three more days so if oil trades above 45.0 on APR 16 , you collect $320 / contract .. I sold these options since there is little chance for less than 45.0 in these 3 days If anybody interested , explore it , shoot me any questions you may have
Intervis..........i do follow this thread a lot and i see u re a regular here. would have thought you know better. oil moving 2 - 5 dollars in a day is a very good possibility
Aloha Xty mate, you been trading today?? And you been liking oil these last few months?? And extremely done invest and usman.. The size you guys trade really does just confuse me alot though as i just dont see the point in trading in this way when you have so much money already, so dont have any need to risk money. I plan that if im ever really really rich i will just drop my size down to not too big size though, just wait till 10% t 15% down moves, and then then just buy quite hard, with about 1/2 size at 1st entry, and then if it goes even lower i would just add the 2nd 1/2 of equal size in 2-3more add-ons, so my average would always ben quite near the ultimate low... Stoploss would always be around $16s, and target would be $5s t $9s. And while it may take a few days to even a few weeks to eventually hit that target it would be totally risk free and stress free since i wouldnt have any need to earn money fast and so could just leave the trade for however long it took till it hit that target, which it would be forced to hit. And so i would be guaranteed a good few thousand quid profit, so enough to go on a few months of luxury holidays in 5star hotels.. If i had £100,000 capital i would trade at between £16 per tick - £26 per tick, so every 1dollar move would be worth roughly £2,000 to me. And so if i held my trade for 2weeks till it rebounded from its 15% fall to rising 10% ($6s) i would have made £12,000 which would pay for roughly 6weeks luxury holiday on a tropical island.... But thats enough planning my retirement... lol Back to training for my SIA exam now. Goodluck guys
Usman, Pls i understand u so busy. can we discuss issues regarding stoploss. i think this is my biggest challenge in trading crude. if am not mistaken, i believe u got stopped out of ur 40 lots trade too.