Crude Light Long
Nice run - and seeing a nice bullish setup for Oil. Oil runs with Fibs incredibly and I think at this level of near support the momentum in the market today - risk is favoring the bull side into tomorrow.
Entered trade at 47.42
Expecting mean reversion on the daily - RSI is very bullish (on daily) and tagging the 20dma is almost a certainty. That would put oil at $50.52
Go long king kong. #CrudeFutures
Positions are in:
/CLK0
Purchased $47 Calls
Sold $48.5 Calls
Strong directional bias with only a theta decay of .666
Cost $790 per lot
Max loss is $790
Max gain is $710
Probability of profit is 46%
Not a long term trade but happy to camp out in the position for awhile with theta decay so low for a strong bullish bias.
Entered trade at 47.42
Expecting mean reversion on the daily - RSI is very bullish (on daily) and tagging the 20dma is almost a certainty. That would put oil at $50.52
Go long king kong. #CrudeFutures
Positions are in:
/CLK0
Purchased $47 Calls
Sold $48.5 Calls
Strong directional bias with only a theta decay of .666
Cost $790 per lot
Max loss is $790
Max gain is $710
Probability of profit is 46%
Not a long term trade but happy to camp out in the position for awhile with theta decay so low for a strong bullish bias.
註釋
So far a bad and ill advised call. -13%
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