OIH and crude ramp

Discussion in 'Energy Futures' started by a529612, Apr 18, 2006.

  1. Is anyone shorting OIH here? I sold Apr 160 call naked today. It has some resistance at 157. Don't think it will take out 160 by Fri close unless something blows up in Iran.
     
  2. jsmooth

    jsmooth

    your only getting a 60cent premium...how many contracts are you selling? seems like a pretty risky trade in my opinion
     
  3. 10 contracts
     
  4. jsmooth

    jsmooth

    I just sold my USO position at 70.70 few minutes ago.

    OIH: looks like that 157 resistance will be tested in these next 30 mins

    good luck
     
  5. Hugh ramp again. SLB and HAL reporting on Fri which accounts for 20% of the ETF. :(