Oil hit $103 but bouncing very fast back for $103.50 – a bit too crazy today. I still don't see how they can justify $102.50 – even with the Ukraine.
Gold flatlining just under $1,300 – like someone REALLY doesn't want to see them go over. Silver smacked back down to $19.55 but I'd only want to play bull at $19.50 again or over $19.60 with tight stops (/SI).
Nat gas (/NG) hit $4.50, that's tempting but we don't have a good reason to play them up.
In the STP, the DXD May $30s are .17 so let's buy them back and Double down on the May $27 calls at .85, which gives us 60 at $1.65 – .38 (profit from the short calls) + .85/2 = $1.06 so, at $1+, we will sell half to end up with 3 again, but at a lower basis.
April 17th, 2014 at 10:12 am
Oil hit $103 but bouncing very fast back for $103.50 – a bit too crazy today. I still don't see how they can justify $102.50 – even with the Ukraine.
Gold flatlining just under $1,300 – like someone REALLY doesn't want to see them go over. Silver smacked back down to $19.55 but I'd only want to play bull at $19.50 again or over $19.60 with tight stops (/SI).
Nat gas (/NG) hit $4.50, that's tempting but we don't have a good reason to play them up.