Tuesday, August 25, 2009

Oil recap

Oil recap I am a little annoyed I have been leaning bearish for days and though I gave you guys both a sell signal told I was out at 74.8 and my morning sell line was 75 I missed this multi-point trip south taking the conservative route waiting for the API-turns out chinese demand fears
beat the APi to the punch so far but we still still have that in he wings so we may be able to
ride a late wave one way or the other at 4-430 . I was telling you that the favorite to happen was
for the range we were in to continue that meant 75 is a good place to sell as long as that range remains it will not forever. We also told you this market would have to go along way to escort oil
into the next bracket. we also came out when the market was up over a hundred and let you know the air was going to come out of this rally we made appropriate moves buying puts in X
Selling Dis at 27.25 we are bidding 2.10 for the 25 calls we can do the synthetic for even we legged into this but this is a fantastic trade o risk all reward now trade Disney as you go about your daily trading routine. We have this synthetic one for one it is tantamount to delta neutral
but what it really is is a free down side shot
over time disney is going higher but now you ccan ratio 2+1 on a pullback and if we get atrip back to 25 by expiration it is another free shot at the upside
I got this on in august right around the earnigs release once I got altlle nervous about
after reading some negative reports,.

On natty I got in in 1 cent off the bottom I have the two contacts until it breaks out I will consistently maintain an extra contract the spare one gets sold above 2.95 and bought below 2.80 if we break 2.6 get out and reset at 2 We will roll over to october by force and this party
will be over there was over 1300 made in natty alone flipping the spare contract between yesterday and today -not even yet one more hard nosed sleve rolled up scalp party
and we have all that hurricane bill money back