I tried to shed my hedges this morning after the news at 102.90 but that didn't happen ended up getting net short with a delta around -1700 in the 102.60 to 102.40 area. now I'm only short with a delta around -650. Right now I'm using the 200 bar on the hourly as my sign to drop the hammer but if we don't get below that line by 12 I'll unwind everything.
The screwed up thing about this is the way I see it we could go all the way back up to 101.84 before we go back down below 101. But above 101.90 ya'll better get long.
They just did one now. Boy, it was hard to hear what he was saying. Lots of background noise. They should clean that up. ADD: Sounds like a CB radio.