I'm Shorting Crude NOW. I've been waiting for this moment, for all my life....

thanks for the analysis on the options. I also have been looking at DUG but the price action on DUG is confusing. I don't fully understand the pricing margin issues of the oil companies, which makes a trade on DUG trickier.

 

My G_d, this run up in CRUDE IS SICK!!! IT'S SICK!!!!!!!

This is what my holiday cards will look like this year if this continues,

 

Looks like Buy will be BLOWING someone in a parking lot to make ends meet..
what a move..

 

how come FSLR isn't getting a nice pop from the oil move?

 

I hope you had a stop.

 

LMFAO!

 

I hear ya. DUG flat on the day with USO going to Mars.

Here is a USO chart with IV just for fun.

 

The oil price limits only apply for 5 minutes. Effectively there is no maximum move for the day.

 

http://www.elitetrader.com/vb/showt...threadid=128374
If the info at the above thread is true, then I think it unlikely that the price of oil will crash until Congress decides to force the ICE to follow the same reporting requirements as the other US exhanges.

 

sir..are you still bearish on oil? what is you strategy now given the spike?