CL Redux

Uh...stop runs tend to stop cold after several ticks. This is some serious buying volume.

 

I'm showing almost 12k contracts in the 1 minute bar for 9:45am est.

 

I've always wondered, do institutional speculators use actual stops or do they simply hedge large positions?

 

Institutions use mental stops, NoDoji.

Were you slipped badly though on your order?

 

short 100.60

 

I would think they would hedge positions. Maybe market orders used when liquidating positions per investor request or maybe due to margin calls? Really just guessing have no idea. Either way makes for some nasty slippage. 12k contracts x $2.00 = $24 million unless my math is off.

 

News was Iran is performing military exercises in the Strait of Hormuz.

 

I would take the rest of the day off. Shit I would take the rest of the month off if I even made 24,000 in 5 mins

 

Amen to that.

 

Not too bad, just 4 ticks

add: which didn't matter at all once that move got underway, lol