I was also a bull above .40 but right now I feel clueless. I'm targeting the old triple top and if we get below 105 102.88 should come quick.
yea, was playing for this move all day. but figured it looked weak at the close and 105 was a possibility for tmrw. apparently not
Hmmm API tonight had a build of 4 million vs est of -2 million, gas and dists were close to est. IV index up 2% or so maybe some Iraq bull shit going down.
I think I'm liking the Sept 107 or 108 straddles (bearish) and if it looks like we're gonna close above 106.40 I'll start selling aug 104 puts. We've been stuck in the area for 10 days which makes sense with all the conflicting info but eventually one side will prevail.