Post by
MyHoneyPot on Sep 11, 2024 1:11pm
Ramification of Fical Markets
I have some experience in option trading, and what I have found it this, as long as the market is going in the right direction, up then everything is fine.
However when the market goes in the wrong direction, you are looking to cover and that can be a pretty stressful event.
Because this pull back in oil is because of the traders and really has nothing to do with physical supply imbalance, i think the recovery will be swift because it is trading driven and not based on the supply.
So i expected a bounce here in oil as people move in to cover they position and take some of their losses.
My guess is that because Opec can manage supply that have way more insight into this then anyone realizes.
So i hope this all cleans up quickly.
So if you were are really hedging gambler here you would sell puts at the money, so you could buy them back in two weeks deep in the money.
My thoughts
IMHO
MHP
Comment by
Trapped on Sep 11, 2024 3:54pm
Well, that settles it. We're gonna be rich! Illiterate OCD pumper dude told us so!
Comment by
integrity11 on Sep 11, 2024 4:06pm
Obviously you don't care for Honey. Why don't you just ignore them there would be less negativity on this board?