CL Redux

i agree w this. cept looking at 103.3

 

out @ 100.70 after a lot of volatility

 

1) short NY open yesterday.

2) reshort around 11.40 am eastern time.

Now short 100.41. Small position size. Cover 1 100.10.

Tight ranges, low volatility, long hold time- either no trade or small enough size that

long hold time does not matter.

 

l 100.00
stop 99.75

 

stopped

 

Add to shorts 100.28. Out some 99.80

 

My mother warned me, "Nooooooooo their all going to laugh at you, their all going to laugh at you." - when I said CL was going to the mid 99's. Looking for a possible turn around 98.7. Probably not today though, but you never know.

Short 100.3 w/ sl 100.45.

 

looking for 101.3 today

 

I should have held that bearish straddle through this week IV index finally above 20.

 

l 99.60
stop 99.40