At these levels you mine as well buy the stock, i used to sell puts also and i am a big fan of this ,buy prices are so depressed why take the same risk and less reward??
options can mitigate that risk even if your on the wrong side, the bigger risk is if uncertainty looms longer and your constantly paying premium you end up losing just as much if not more, but a worth it bet since uncertainty doesn't last for ever and at least you take your losses if your on the wrong side one week at a time, assuming your buying weekly options
The Secret Weapon Giving Mexico Power in the Oil Price War https://finance.yahoo.com/news/secret-weapon-gives-mexico-power-173705322.html
I read that at least one major brokerage platform, not sure who, raised initial margin for holding positions in CL to 200% of CME initial. Interesting development within the context of this conversation ...
I'm shorting it untill it hit's 20 (short term) or new news to additional cuts come out. 30million demand implosion met with a 5 mbd cut (adj) is not sustainable. https://oilprice.com/Energy/Crude-Oil/US-Oil-Storage-To-Hit-Its-Limit-By-Mid-May.html will load up in 20 region. Sold my prior position at the ralley before opec meeting
The Fed's indiscriminant buying along with all these government interventions to artificially prop up markets in order to buy ailing and mismanaged industries more time, instead of just letting the weak and overleveraged naturally go bankrupt, is making it almost impossible to short anything.
Crude oil futures is trading at 24.16 as I type, up +1.39%. With all the buzz surrounding OPEC cut, you'd think it would be up 5% by now. What does this mean? There's no hurry is the prevailing thought among traders. Traders will wait and see how this pans out in other markets like S&P, since gasoline demand is down so much due to worldwide quarantine. Currently S&P futures is down -1.45%. Should S&P tumble tomorrow, you can bet crude oil will follow suit and tank as well.